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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 | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 20.33K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.71K | 20.33K | -24.06K | -25.48K | -35.31K | -25.95K |
| EBITDA | -2.01M | -751.02K | -1.60M | -730.03K | -500.72K | -573.06K |
| Net Income | -6.14M | -923.35K | -1.63M | -755.51K | -536.02K | -599.02K |
Balance Sheet | ||||||
| Total Assets | 14.59M | 13.16M | 12.56M | 14.03M | 7.82M | 8.12M |
| Cash, Cash Equivalents and Short-Term Investments | 2.48M | 1.86M | 1.85M | 4.34M | 2.18M | 4.22M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 29.40K | 147.69K | 230.23K | 107.31K | 308.68K | 80.47K |
| Stockholders Equity | 14.56M | 13.02M | 12.33M | 13.92M | 7.51M | 8.04M |
Cash Flow | ||||||
| Free Cash Flow | -1.67M | -881.37K | -2.49M | -2.08M | -2.05M | -2.79M |
| Operating Cash Flow | -1.67M | -881.37K | -681.18K | -673.04K | -425.40K | -568.40K |
| Investing Cash Flow | -487.76K | -726.63K | -1.81M | -1.38M | -1.62M | -2.22M |
| Financing Cash Flow | 1.96M | 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% | |
48 Neutral | AU$16.78M | -1.05 | -44.43% | ― | ― | ― | |
46 Neutral | AU$5.37M | -0.38 | -311.11% | ― | ― | 21.91% | |
46 Neutral | AU$8.18M | -2.32 | -11.24% | ― | ― | -17.39% | |
46 Neutral | AU$10.58M | -4.96 | -12.91% | ― | ― | -3.93% | |
44 Neutral | AU$11.80M | -0.63 | -44.53% | ― | ― | 57.61% |
Manhattan Corporation Corporate Events
Manhattan Gold Corporation has raised A$2.33 million through a placement of 97.15 million new shares, issued partly under its standard capacity and partly under its additional 10% placement capacity. The funds, priced at 2.4 cents per share and placed with professional and sophisticated investors, will support an upcoming drill campaign at the Hook Lake High Project starting in the second half of April 2026 as well as general working capital.
By opting for the 10% placement capacity rather than a pro‑rata offer, the company moved quickly to secure capital while avoiding higher costs and administrative complexity. The placement results in existing shareholders’ stake being diluted from 100% to 85.26%, with new investors now holding 14.74% of the enlarged 659.1 million-share register, underscoring a strategic trade-off between funding speed and shareholder dilution.
The most recent analyst rating on (AU:MHC) stock is a Sell 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 97,150,000 fully paid ordinary shares via a placement to sophisticated and professional investors, expanding its capital base without providing a prospectus under Australian disclosure rules. The company states it has complied with all relevant continuous disclosure and financial reporting obligations, and confirms there is no excluded or undisclosed information that investors would reasonably require to assess the company or the rights attached to the new shares.
The most recent analyst rating on (AU:MHC) stock is a Sell 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 Limited has applied for quotation of 97,150,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 24, 2026. The sizeable new share issuance, linked to previously flagged transactions, will expand the company’s quoted capital base and may influence its funding capacity, market liquidity, and ownership structure for existing and prospective shareholders.
The most recent analyst rating on (AU:MHC) stock is a Sell 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 Limited has awarded a 4,000m reverse circulation drilling contract at its Hook Lake Project in Nunavut to Canadian contractor Northspan Explorations, marking the company’s first modern drilling campaign there since historical work in 1988. The 2026 field season will begin in April with mobilization and camp setup, launching a program designed to rapidly assess multiple gold and polymetallic targets across the district.
Drilling will test strike extensions at the Jaws prospect, conduct maiden programs at Quantum and Lotus, evaluate shallow polymetallic potential at Spectre, and probe untested banded iron formation gold targets at Omega, supported by high-resolution aeromagnetic data. A glacial till sampling survey, aided by SLR Consulting, will refine targets for a follow-up diamond drilling campaign later in the year, positioning Hook Lake as a potentially district-scale contributor in a Nunavut gold sector already buoyed by major BIF-hosted operations.
The most recent analyst rating on (AU:MHC) stock is a Sell 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 secured a positive screening decision from the Nunavut Impact Review Board for its Hook Lake Project in Canada, covering both high-grade orogenic gold and nearby VMS polymetallic targets. Land and water use permits for up to seven years are being finalised for its subsidiary, enabling reverse circulation and diamond drilling to start in April 2026.
Local backing has emerged as a key feature of the approval, with the Hamlet of Arviat and the Kivalliq Inuit Association endorsing the exploration program for its potential employment, skills and business benefits. With regulatory hurdles cleared and community support in place, Manhattan is moving to complete permitting, mobilise a camp and commence drilling, marking a major step forward in the project’s development trajectory.
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 or similar type of securities issue comprising up to 125,000,000 new ordinary fully paid shares. The company plans to issue these securities on 23 March 2026, indicating a move to raise additional capital that could support its ongoing operations, exploration activities, or strategic initiatives, with potential dilution for existing shareholders but expanded financial flexibility for future projects.
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 has announced a proposed issue of up to 18,750,000 unlisted options as part of a placement or similar securities issue. The options will expire three years from their date of issue, with the proposed issue date set for 30 June 2026, signaling an incentive and funding structure that may support future project development and corporate growth.
The move underscores the company’s continued use of equity-linked instruments to align stakeholders with its long-term strategy and exploration objectives. For investors, the options issue introduces potential future dilution but also reflects management’s focus on securing capital flexibility in a competitive resources 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 has raised A$3 million through an oversubscribed share placement at A$0.024 per share, representing a discount to its last traded price. The funding was strongly supported by existing shareholders, Manhattan directors and new domestic and international institutional investors, including a cornerstone commitment of more than A$1.5 million.
The proceeds will fund an April 2026 drill campaign at the Hook Lake High Grade Gold and Polymetallic Project in Nunavut, covering camp establishment and RC and diamond drilling at the Jaws and Spectre prospects, with remaining funds going to working capital. The capital injection underpins Manhattan’s plans to accelerate exploration at Hook Lake, potentially enhancing the project’s resource definition and strengthening the company’s position in the high-grade gold and polymetallic exploration space.
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 has told the ASX it is unaware of any undisclosed information that would explain a recent share price rise from $0.026 to $0.034 and a surge in trading volumes, and says it remains in full compliance with continuous disclosure rules. The company believes recent strength in its stock is linked to an updated corporate presentation outlining a near-term maiden RC drilling program at its Hook Lake projects and to the launch of a London-prepared research report distributed to investors on 11 March 2026.
The presentation highlighted past sampling results from 2025 and detailed Canadian federal and provincial infrastructure investment, including the proposed Kivalliq Hydro-Fibre link, transport upgrades, a deep-water port and broadband, along with education initiatives to support population and job growth. Management suggests these developments, which are expected to support exploration activity at Hook Lake, together with stepped-up investor outreach, may be driving heightened market interest in Manhattan Gold’s securities.
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 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.