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Manuka Resources Ltd (AU:MKR)
ASX:MKR

Manuka Resources Ltd (MKR) AI Stock Analysis

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AU

Manuka Resources Ltd

(Sydney:MKR)

42Neutral
Manuka Resources Ltd's low stock score reflects significant financial difficulties, including high leverage and negative profitability. Despite some positive revenue growth, technical indicators show neutral momentum, and valuation metrics are weak due to a negative P/E ratio and lack of dividends. The company's reliance on debt and external financing further dampens its outlook.

Manuka Resources Ltd (MKR) vs. S&P 500 (SPY)

Manuka Resources Ltd Business Overview & Revenue Model

Company DescriptionManuka Resources Ltd (MKR) is a mining and exploration company focused on the development and production of precious metals and other mineral resources. The company operates primarily in the mining sector, with its core products being silver, gold, and other valuable minerals extracted from its mining assets. Manuka Resources is committed to sustainable development and efficient extraction processes to maximize resource recovery while minimizing environmental impact.
How the Company Makes MoneyManuka Resources Ltd generates revenue primarily through the extraction, processing, and sale of precious metals, including silver and gold, from its mining operations. The company owns and operates several mining projects, where it explores and develops mineral resources. Once extracted, these metals are sold to various markets, including industrial users and investors. The company's revenue streams are influenced by factors such as global commodity prices, production volumes, and operational efficiencies. Additionally, strategic partnerships and joint ventures with other mining entities may also contribute to its earnings by sharing resources, technology, and market access.

Manuka Resources Ltd Financial Statement Overview

Summary
Manuka Resources Ltd is facing significant financial challenges with unstable revenue performance, high leverage, and negative profitability metrics. The company's reliance on debt and external financing raises concerns about its financial sustainability. Improvements in revenue growth are a positive sign, but operational inefficiencies and cash flow issues need to be addressed for long-term stability.
Income Statement
30
Negative
Manuka Resources Ltd has shown inconsistent revenue performance with significant volatility. The gross and net profit margins are negative, indicating the company is operating at a loss. Revenue growth between 2023 and 2024 shows improvement, but the overall revenue trajectory has been erratic. The negative EBIT and EBITDA margins highlight operational inefficiencies and challenges in achieving profitability.
Balance Sheet
40
Negative
The company has a high debt-to-equity ratio, indicating significant leverage and financial risk. There has been a decline in stockholders' equity over time, which is concerning for financial stability. The equity ratio remains weak, showing that the company relies heavily on debt financing. However, the increase in total assets over the years is a positive aspect.
Cash Flow
35
Negative
Operating cash flows remain negative, which, coupled with negative free cash flows, suggests liquidity challenges. The free cash flow to net income ratio is unfavorable, highlighting inefficiencies in cash generation relative to net losses. The cash flow from financing activities has been the primary source of cash inflow, indicating reliance on external funding.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
737.29K15.20M9.90M53.27M43.75M9.26M
Gross Profit
-3.21M-6.74M-15.46M12.03M439.68K1.03M
EBIT
-5.49M-12.38M-17.85M8.70M-4.64M-805.97K
EBITDA
-9.01M-9.42M-20.75M11.35M-4.58M-14.84K
Net Income Common Stockholders
-18.04M-18.23M-26.34M5.28M-2.90M-4.55M
Balance SheetCash, Cash Equivalents and Short-Term Investments
95.00K2.13M265.83K1.35M1.10M1.51M
Total Assets
8.75M61.14M61.51M41.60M35.25M36.43M
Total Debt
4.07M28.53M25.04M13.50M16.70M25.91M
Net Debt
3.97M26.41M24.77M12.33M15.68M24.40M
Total Liabilities
5.21M44.13M41.56M28.02M33.06M38.87M
Stockholders Equity
-2.08M17.01M19.94M13.57M2.18M-2.45M
Cash FlowFree Cash Flow
-10.74M-8.65M-15.79M-527.43K-7.66M-13.07M
Operating Cash Flow
-9.67M-7.23M-14.52M8.35M207.79K1.77M
Investing Cash Flow
-838.17K-1.33M-1.21M-8.56M-8.03M-14.84M
Financing Cash Flow
12.00M10.42M14.83M352.54K7.33M14.58M

Manuka Resources Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.03
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Positive
200DMA
0.03
Negative
Market Momentum
MACD
<0.01
Positive
RSI
46.73
Neutral
STOCH
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MKR, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MKR.

Manuka Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUNST
78
Outperform
AU$26.49B22.4311.01%2.69%25.11%28.88%
AUGOR
76
Outperform
$3.52B24.5813.42%0.66%11.93%22.74%
50
Neutral
$1.98B-1.08-21.29%3.61%1.96%-30.59%
AUMKR
42
Neutral
AU$25.13M-164.01%-95.22%40.91%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MKR
Manuka Resources Ltd
0.03
-0.02
-40.00%
AU:NST
Northern Star Resources Ltd
18.88
4.23
28.90%
AU:GOR
Gold Road Resources Ltd
3.29
1.64
98.79%

Manuka Resources Ltd Corporate Events

Manuka Resources’ Taranaki VTM Project Advances in Fast-Track Process
May 16, 2025

Manuka Resources Ltd’s subsidiary, Trans-Tasman Resources, has received approval to advance its Taranaki VTM Project in New Zealand to the next stage of the Fast-track approvals process. The project aims to mine iron sands off the South Taranaki Bight, with significant economic benefits projected, including substantial job creation and export earnings, positioning it as one of New Zealand’s top export earners.

Manuka Resources Advances Key Projects and Strengthens Economic Impact
Apr 30, 2025

Manuka Resources Limited announced ongoing progress in its operations, including a pending update on the Wonawinta silver reserve and a refinance process with a Hong Kong-based lender. The company is on track to begin precious metals production in 2025. Its New Zealand subsidiary, Trans-Tasman Resources Limited, released a Pre-feasibility Study and Economic Impact Assessment for the Taranaki VTM project, highlighting a strong economic case with significant export revenue potential. The project is expected to contribute substantially to New Zealand’s mineral export goals, and a Fast Track Approvals application has been submitted for consideration.

Manuka Resources Schedules General Meeting for Share Ratification
Apr 29, 2025

Manuka Resources Limited has announced a general meeting of shareholders to be held on May 29, 2025, in Sydney. The meeting will address the ratification of prior issues of shares and convertible notes, specifically 31,000,000 Collateral Shares to Admin Reg Holdings Pty Ltd and 500,000 Tranche 1 Convertible Notes to GAM Company Pty Ltd. These resolutions are subject to approval in accordance with ASX Listing Rule 7.4, with specific voting exclusions applied to associated parties.

Manuka Resources Schedules 2025 General Meeting for Shareholders
Apr 29, 2025

Manuka Resources Limited has announced a General Meeting for its shareholders, scheduled to take place on May 29, 2025, in Sydney. The company emphasizes the importance of shareholder participation, offering multiple ways to engage, including attending in person, voting online, or designating a proxy. This meeting is a crucial opportunity for shareholders to voice their questions and concerns, potentially impacting the company’s governance and future strategies.

Manuka Resources Issues Unquoted Convertible Notes
Apr 23, 2025

Manuka Resources Ltd announced the issuance of 2,400,000 unquoted convertible notes, which are part of a previously announced transaction. This move is expected to impact the company’s financial strategy by providing additional capital, potentially enhancing its market position and offering new opportunities for stakeholders.

Manuka Resources Ltd Issues 500,000 Convertible Notes
Apr 23, 2025

Manuka Resources Ltd announced the issuance of 500,000 convertible notes, which are unquoted equity securities, as of December 24, 2024. This move is part of the company’s financial strategy, potentially impacting its capital structure and providing additional funding for its operations, thereby influencing its market positioning and stakeholder interests.

Manuka Resources Unveils Taranaki VTM Project Pre-Feasibility Study
Apr 23, 2025

Manuka Resources Ltd has announced the pre-feasibility study presentation for its Taranaki VTM Project, which is considered a nationally significant initiative. This project aims to offer strategic exposure to iron ore and critical minerals like vanadium and titanium in New Zealand, potentially enhancing the company’s market position and providing substantial benefits to shareholders.

Manuka Resources Announces Expiry of 2 Million Options
Apr 22, 2025

Manuka Resources Ltd has announced the cessation of 2,000,000 options that expired on April 19, 2025, without being exercised or converted. This development may impact the company’s capital structure and could have implications for stakeholders, as it reflects a change in the potential dilution of shares.

Manuka Resources’ Taranaki VTM Project Fast-Track Application Lodged
Apr 16, 2025

Manuka Resources Limited’s subsidiary, Trans-Tasman Resources, has lodged a fast-track application for the Taranaki VTM Project, which aims to extract 50 million tonnes of iron sands annually off the coast of Taranaki. The project is expected to generate significant economic benefits, including over 1,350 jobs and $850 million in annual export earnings, supporting New Zealand’s mineral export strategy. With a projected annual EBITDA of US$312 million and a post-tax NPV of US$1.26 billion, the project represents a substantial opportunity for Manuka Resources and its stakeholders.

Manuka Resources’ Taranaki VTM Project to Boost New Zealand Economy
Apr 2, 2025

Manuka Resources Limited has announced the results of an Economic Impact Assessment for its Taranaki VTM Project in New Zealand, highlighting its national significance. The project involves a capital investment of NZ$1 billion and is expected to significantly boost New Zealand’s GDP by NZ$265 million annually, create 1,365 jobs, and generate NZ$854 million in export earnings per annum. It will also contribute substantial royalties and corporate taxes to the New Zealand government, supporting local development in the Taranaki region and aligning with the government’s minerals export objectives.

Manuka Resources Announces Cessation of Securities
Apr 1, 2025

Manuka Resources Ltd. announced the cessation of 4,000,000 securities due to the expiry of options that were not exercised or converted by the deadline of March 31, 2025. This cessation may impact the company’s capital structure, potentially affecting its financial strategies and stakeholder interests.

Manuka Resources Advances Taranaki VTM Project with Promising Economic Outlook
Mar 26, 2025

Manuka Resources Ltd has released an updated Pre-Feasibility Study for its Taranaki VTM Project in New Zealand, highlighting its robust economic potential and strategic importance. The project, which involves mining vanadium and titanium bearing iron sands, is expected to significantly boost local development and contribute to New Zealand’s critical minerals policy objectives. It is forecasted to generate substantial revenue and create over 300 local jobs, positioning the company as a key player in the region’s mineral export growth. The project is set to proceed through New Zealand’s Fast Track approvals process, with plans to advance to a Bankable Feasibility Study.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.