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Metalsgrove Mining Ltd.
(Sydney:MGA)
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Rating:43Neutral
Price Target:
AU$0.10
▲(26.25% Upside)
Action:Reiterated
Date:03/24/26
The score is primarily constrained by weak financial performance—large losses and ongoing cash burn—despite improved revenue and a debt-free balance sheet. Technical signals are also soft (below key moving averages with negative MACD), and valuation is limited by a negative P/E and no dividend support.
Positive Factors
Debt-free balance sheet
Zero debt and a sizable equity base materially reduce financial risk over the medium term. This structural strength preserves borrowing capacity, lowers fixed interest costs, and gives management flexibility to fund projects or absorb downturns without immediate refinancing pressure.
Negative Factors
Persistent unprofitability
Widening operating losses are a structural concern: they erode capital, limit reinvestment in the business, and prolong reliance on external financing. Sustained unprofitability impedes margin recovery and reduces the firm's ability to fund growth from operations over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt and a sizable equity base materially reduce financial risk over the medium term. This structural strength preserves borrowing capacity, lowers fixed interest costs, and gives management flexibility to fund projects or absorb downturns without immediate refinancing pressure.
Read all positive factors
Metalsgrove Mining Ltd. (MGA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.90M
Dividend YieldN/A
Average Volume (3M)177.83K
Price to Earnings (P/E)―
Beta (1Y)-0.61
Revenue GrowthN/A
EPS Growth39.02%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding151,453,320
10 Day Avg. Volume265,043
30 Day Avg. Volume177,826
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.81
Price to Sales (P/S)88.18
P/FCF Ratio-5.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Metalsgrove Mining Ltd. Business Overview & Revenue Model
Company Description
MetalsGrove Mining Limited operates as an exploration and development company in Australia. It primarily explores for copper, gold, and zinc ores. MetalsGrove Mining Limited was incorporated in 2021 and is based in West Perth, Australia....
Metalsgrove Mining Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 81.29K | 81.29K | 50.39K | 76.36K | 5.14K |
| Gross Profit | 81.29K | 81.29K | 50.39K | 76.36K | 5.14K |
| EBITDA | -1.22M | -2.51M | -475.31K | -706.88K | -340.18K |
| Net Income | -2.94M | -2.41M | -3.35M | -871.21K | -970.63K |
Balance Sheet | |||||
| Total Assets | 4.36M | 4.07M | 6.41M | 8.38M | 8.99M |
| Cash, Cash Equivalents and Short-Term Investments | 3.23M | 1.38M | 2.69M | 3.10M | 6.69M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.20M | 123.69K | 129.40K | 698.51K | 645.60K |
| Stockholders Equity | 3.16M | 3.95M | 6.28M | 7.68M | 8.34M |
Cash Flow | |||||
| Free Cash Flow | -1.31M | -1.30M | -2.48M | -2.97M | -222.49K |
| Operating Cash Flow | -1.03M | -904.49K | -1.03M | -639.45K | -62.20K |
| Investing Cash Flow | -244.81K | -397.69K | -1.45M | -2.41M | -160.29K |
| Financing Cash Flow | 2.62M | 0.00 | 2.07M | -535.36K | 11.69M |
Metalsgrove Mining Ltd. Technical Analysis
Positive
0.08
Price Trends
0.10
Positive
0.10
Negative
0.09
Positive
Market Momentum
<0.01
Negative
65.22
Neutral
63.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGA, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.22 is Neutral, neither overbought nor oversold. The STOCH value of 63.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MGA.
Metalsgrove Mining Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$14.68M | -6.67 | -6.93% | ― | ― | -210.00% | |
46 Neutral | AU$19.64M | -19.71 | -150.09% | ― | ― | 54.90% | |
44 Neutral | AU$14.74M | -26.32 | 10.69% | ― | ― | 83.89% | |
43 Neutral | AU$15.90M | -3.82 | -57.94% | ― | ― | 39.02% | |
| ― | AU$15.78M | -3.00 | -39.88% | ― | ― | ― | |
42 Neutral | AU$9.19M | -9.14 | -14.52% | ― | ― | 67.45% |
* Basic Materials Sector Average
AU:MGA
Metalsgrove Mining Ltd.
0.11
0.05
77.97%
AU:MLS
Metals Australia Ltd
0.02
<0.01
5.26%
AU:ADY
Admiralty Resources NL
0.01
0.00
0.00%
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Astro Resources NL
0.09
-0.12
-57.50%
AU:KLR
Kaili Resources Limited
0.10
0.06
150.00%
AU:PAT
Patriot Lithium Ltd.
0.07
0.01
21.82%
Metalsgrove Mining Ltd. Corporate Events
MetalsGrove Launches 18 km Auger Drilling Program at Zuénoula Gold Permit
Jul 12, 2026
MetalsGrove Mining Ltd., an ASX-listed mineral exploration company, is advancing its gold-focused portfolio through work at the Zuénoula permit in West Africa. The company concentrates on identifying and evaluating prospective mineralisation,...
MetalsGrove starts 10,000m auger drilling at Zuénoula gold permit in Côte d’Ivoire
Jul 12, 2026
MetalsGrove Mining has launched a 10,000-metre auger drilling program at its Zuénoula gold permit in Côte d’Ivoire, targeting six refined drill areas across the Fifty-Five, Central and South East prospects. The company has concentr...
Metalsgrove Director Increases Indirect Shareholding via On-Market Purchase
Jun 25, 2026
Metalsgrove Mining Ltd. has disclosed a change in director Haobo Yuan’s relevant interest in the company’s securities, lodged with the ASX under listing rule 3.19A.2. The notice shows that Yuan, through Bright Element Pty Ltd, acquired...
Metalsgrove Mining Appoints New Director With Significant Equity Stake
Jun 4, 2026
Metalsgrove Mining Ltd. has announced the appointment of Haobo Yuan as a director, effective 1 June 2026, and lodged an Initial Director’s Interest Notice with the ASX. The notice discloses that Yuan controls Bright Element Pty Ltd., which h...
Metalsgrove Mining Discloses Final Director Interest After Board Exit
Jun 4, 2026
Metalsgrove Mining has announced that director Haidong Chi ceased to be a director effective 1 June 2026, triggering disclosure of his final interests in the company’s securities. Chi directly holds 660,000 fully paid ordinary shares and 330...
MetalsGrove Outlines 18km Gold-Anomalous Trends at Zuénoula Permit
May 24, 2026
MetalsGrove Mining has identified multiple northeast-trending gold-anomalous zones with a combined strike length of about 18km at its Zuénoula permit in central-west Côte d’Ivoire, based on broad-spaced soil sampling. The main anom...
MetalsGrove Flags First Drill-Ready Gold Targets at Côte d’Ivoire Prospect
May 12, 2026
MetalsGrove Mining has defined its first potential gold drill target at the Fifty-Five Prospect on the Zuénoula permit in Côte d’Ivoire, identifying two parallel, more than 2.5km-long, northeast-trending gold-anomalous zones from b...
MetalsGrove Mining Reports Quarterly Cash Outflow as Exploration Spending Continues
Apr 27, 2026
MetalsGrove Mining Limited reported cash outflows in the March 2026 quarter driven primarily by exploration and evaluation work, staff costs, and administration expenses, with no receipts from customers recorded. The company also invested further ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.