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Manhattan Corporation
(Sydney:MHC)
Manhattan Corporation (MHC) vs. iShares MSCI Australia ETF (EWA)
Manhattan Corporation Business Overview & Revenue Model
Manhattan Corporation Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.33K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 20.33K | -24.06K | -25.48K | -35.31K | -25.95K |
| EBITDA | -751.02K | -1.60M | -730.03K | -500.72K | -573.06K |
| Net Income | -923.35K | -1.63M | -755.51K | -536.02K | -599.02K |
Balance Sheet | |||||
| Total Assets | 13.16M | 12.56M | 14.03M | 7.82M | 8.12M |
| Cash, Cash Equivalents and Short-Term Investments | 1.86M | 1.85M | 4.34M | 2.18M | 4.22M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 147.69K | 230.23K | 107.31K | 308.68K | 80.47K |
| Stockholders Equity | 13.02M | 12.33M | 13.92M | 7.51M | 8.04M |
Cash Flow | |||||
| Free Cash Flow | -881.37K | -2.49M | -2.08M | -2.05M | -2.79M |
| Operating Cash Flow | -881.37K | -681.18K | -673.04K | -425.40K | -568.40K |
| Investing Cash Flow | -726.63K | -1.81M | -1.38M | -1.62M | -2.22M |
| Financing Cash Flow | 1.62M | 7.01K | 4.22M | 6.04M | 6.04M |
Manhattan Corporation Peers Comparison
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% | |
50 Neutral | AU$15.17M | -4.55 | -7.13% | ― | ― | 57.61% | |
48 Neutral | AU$22.55M | -0.72 | -53.09% | ― | ― | ― | |
46 Neutral | AU$8.30M | -0.38 | -171.73% | ― | ― | 21.91% | |
46 Neutral | AU$9.71M | -2.08 | -9.51% | ― | ― | -17.39% | |
46 Neutral | AU$10.58M | -2.94 | -38.23% | ― | ― | -3.93% |
Manhattan Corporation Corporate Events
Manhattan Gold has released a new corporate presentation incorporating recently completed mapping and digitisation of historic datasets at its Hook Lake Gold Project in Nunavut, Canada. The integrated work, combining historic information with high-grade rock chip assays, magnetic survey data and refined geological interpretation, significantly improves the company’s understanding of structural controls, mineralised trends and priority drill targets across the project.
The updated presentation details the 2026 exploration strategy, including permitting progress and a staged drill program targeting orogenic gold, high-grade zinc-copper-gold-silver VMS mineralisation and banded iron formations over the broader Hook Lake tenure. It also provides updated information on assay results from Novo Resources’ farm-in at the northern portion of the Tibooburra Gold Project, underscoring Manhattan Gold’s plans to advance both projects through systematic exploration programs in 2026 with regular updates to shareholders.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold Corporation has released an investor presentation outlining its high-grade, district-scale gold projects and reiterating previously disclosed historic estimates for its assets, including the Hook Lake Project. The company emphasises that these historic estimates do not yet conform to current JORC 2012 standards, but it considers them material to its acquisition plans and future exploration strategy, while confirming there is no new data that would alter existing technical assumptions.
The presentation also reiterates compliance with JORC 2012 reporting requirements through its Competent Person, CEO Kell Nielsen, who has validated that all material parameters and assumptions remain unchanged. This update provides investors with assurance on the integrity of past exploration data and clarifies the status of historical resources as exploration targets rather than reportable mineral resources or reserves.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold Corporation has issued 576,923 fully paid ordinary shares at nil consideration under the terms of an international investor relations agreement, enabling the counterparty to receive equity in lieu of cash. The company confirms that the issue was conducted without a prospectus under the Corporations Act, that it remains compliant with its continuous disclosure and reporting obligations, and that this notice facilitates potential resale of the new shares into the market without further disclosure.
The board states there is no excluded or additional information required for investors to assess the company’s financial position or the rights attached to the new shares, suggesting the issuance is administrative rather than driven by a change in fundamentals. While modest in scale, the share issue slightly increases the company’s capital base and underscores its use of equity-based arrangements to support international investor relations activities.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold Corporation Limited has applied to the ASX for quotation of 576,923 new ordinary fully paid shares under the ticker MHC. The securities, issued on 10 February 2026 and linked to a previously disclosed transaction, will expand the company’s quoted share capital and modestly increase the equity available to investors.
The application confirms compliance with ASX Listing Rule requirements for new security quotation, marking a routine capital markets step for the company. While limited in scale, the additional shares may slightly enhance trading liquidity in MHC stock and signal ongoing corporate activity to existing shareholders and the broader market.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold Corporation Limited has notified the ASX of a proposed placement involving up to 576,923 new ordinary fully paid shares under its MHC ticker. The issue, scheduled for 10 February 2026, forms part of the company’s capital-raising activities and may influence its funding capacity and shareholder dilution, though specific pricing and use-of-proceeds details were not disclosed in the filing.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold Corporation disclosed that director Marcello Cardaci resigned on 5 February 2026, finalizing his holdings at 500,000 unlisted options and indirect stakes totaling 5,178,363 ordinary shares via associated trusts, in line with ASX requirements. The change underscores a board transition that investors may monitor for its influence on governance continuity and future capital deployment priorities.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold reshaped its board after securing full ownership of Hook Lake, elevating Gavin Rezos to chair, adding geologist Danielle Kelly as a director, and shifting former CEO Kell Nielsen to a non-executive role while acknowledging the retirement of longtime chair Marcello Cardaci. The refreshed governance lineup, supported by experienced technical leads Eric Sondergaard and Sam Vaughan, is intended to strengthen oversight and accelerate exploration momentum at Hook Lake as the company leans on Arctic-focused expertise and continuity.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Gold Corporation’s December 2025 quarterly report highlights strong assay results from initial fieldwork at its Hook Lake Gold Project in Nunavut, confirming high-grade gold at the Jaws deposit and promising mineralisation at multiple nearby prospects including Vesper, Quantum, Lotus, Skyfall, Defender, Moonraker and Silva. The results, which include standout grades in gold, silver, zinc and copper, underscore the district-scale polymetallic potential of the company’s Canadian portfolio, while a delayed but imminent high‑resolution aeromagnetic survey is expected to refine drill targets ahead of a planned April 2026 drilling campaign, potentially enhancing the project’s growth profile. In parallel, farm-in partner Novo Resources continues to advance the high-grade Northern Tenements at the Tibooburra Gold Project with encouraging rock chip samples, and Manhattan has streamlined its asset base by divesting the L3 Lithium Project in Nova Scotia, signalling a clearer strategic focus on high-grade gold and polymetallic opportunities.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Corporation Limited has officially changed its name to Manhattan Gold Corporation Limited following registration with the Australian Securities and Investments Commission, reflecting a clearer gold-focused identity for the ASX-listed resources company. The company’s ASX code will remain MHC, all shareholder holdings will be updated automatically with no action required from investors, and only the corporate website address has changed to mhc.gold while all other contact details stay the same, signalling a branding refresh without operational disruption for stakeholders.
The most recent analyst rating on (AU:MHC) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Manhattan Corporation stock, see the AU:MHC Stock Forecast page.
Manhattan Corporation Limited, listed on the ASX, has issued 4,000,000 fully paid ordinary shares without disclosure to investors, in accordance with the Corporations Act 2001. This issuance includes 3,000,000 shares to Shaw and Partners for their role as Lead Manager and Bookrunner for a previous placement, and 1,000,000 shares to Aktiencheck.de AG for a European advertising and investor awareness campaign. The company confirms compliance with relevant provisions of the Corporations Act and ASX Listing Rules, ensuring transparency and adherence to regulatory standards.
Manhattan Corporation Limited has announced the quotation of 4,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code MHC. This move is part of a previously announced transaction, and the securities were issued on December 10, 2025. The announcement signifies a strategic step for the company, potentially enhancing its market presence and providing additional liquidity for its stakeholders.
Manhattan Corporation Limited has announced the issuance of 2,500,000 unquoted equity securities in the form of options. These options are set to expire on May 29, 2028, and are exercisable at $0.04 each. This issuance is part of a previously announced transaction, and the securities are not intended to be quoted on the ASX. The announcement reflects the company’s ongoing financial strategies and may impact its market operations and stakeholder interests.
Manhattan Corporation Limited announced a change in the interests of its director, Gavin Rezos, who has acquired additional ordinary shares through on-market purchases. This change reflects a significant increase in Rezos’s stake in the company, potentially indicating confidence in the company’s future performance and impacting shareholder perceptions.
Manhattan Gold Corporation announced its plans for the acquisition of the Hook Lake Project, which includes significant exploration targets for high-grade gold and copper. This move is expected to enhance the company’s exploration capabilities and strengthen its position in the mining industry, although the historical estimates for the project do not conform to current industry standards.
Manhattan Corporation Limited, listed on the ASX under the symbol MHC, announced the results of its 2025 Annual General Meeting. All nine resolutions presented at the meeting were passed by poll, indicating strong shareholder support for the company’s proposals. The resolutions included the adoption of the directors’ remuneration report, election of a director, ratification of share placements, approval of lead manager options and shares, future placement shares, marketing services shares, a change of company name, and approval of a 10% placement capacity. This outcome reflects positively on the company’s governance and strategic initiatives, potentially strengthening its market position and stakeholder confidence.