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Mt Malcolm Mines NL
(Sydney:M2M)
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Rating:53Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:05/11/26
The score is driven mainly by improving fundamentals (revenue ramp, return to profitability, and positive operating/free cash flow alongside low leverage), but is held back by weak longer-term price trends (below 100/200-day averages with negative MACD) and limited valuation support due to a negative P/E and no dividend yield.
Positive Factors
Low leverage / strong balance sheet
Very low debt (debt-to-equity ~0.04) and equity-heavy capital structure provide durable financial flexibility for an exploration/development company. This reduces refinancing and interest risks, supports funding of drill programs or staged development, and cushions commodity volatility over months.
Negative Factors
Thin profitability and low returns
Net margin around 2.1% and ROE near 0.3% indicate the company currently extracts minimal economic value from revenue. Such thin returns limit retained earnings, make the business sensitive to cost and price swings, and slow balance-sheet build-up needed for sustained development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt (debt-to-equity ~0.04) and equity-heavy capital structure provide durable financial flexibility for an exploration/development company. This reduces refinancing and interest risks, supports funding of drill programs or staged development, and cushions commodity volatility over months.
Read all positive factors
Mt Malcolm Mines NL (M2M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.42M
Dividend YieldN/A
Average Volume (3M)997.16K
Price to Earnings (P/E)―
Beta (1Y)-0.30
Revenue Growth123.86%
EPS Growth63.16%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding774,630,250
10 Day Avg. Volume1,211,053
30 Day Avg. Volume997,164
Financial Highlights & Ratios
PEG Ratio-2.47
Price to Book (P/B)0.58
Price to Sales (P/S)4.22
P/FCF Ratio31.02
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
Mt Malcolm Mines NL Business Overview & Revenue Model
Company Description
Mt Malcolm Mines NL is an Australian enterprise focused on gold exploration. Its core asset is the Malcolm project, situated in Western Australia, where the company maintains a 100% ownership stake across 151 tenements, collectively spanning 274 s...
How the Company Makes Money
Mt Malcolm Mines NL primarily generates revenue by exploring and developing gold deposits within its tenement areas and either extracting the gold for sale or selling its mining rights to other companies. The company may also enter into joint vent...
Mt Malcolm Mines NL Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
51
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01M | 1.45M | 14.17K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 363.58K | 753.96K | -93.89K | -90.78K | -38.89K | -8.49K |
| EBITDA | -383.13K | 188.26K | -1.07M | -1.24M | -1.33M | -2.92M |
| Net Income | -575.17K | 30.58K | -1.18M | -1.33M | -1.37M | -2.93M |
Balance Sheet | ||||||
| Total Assets | 13.70M | 11.88M | 9.37M | 7.88M | 8.78M | 2.38M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 931.35K | 640.35K | 743.90K | 4.65M | 431.46K |
| Total Debt | 265.67K | 428.56K | 254.07K | 76.51K | 105.47K | 131.12K |
| Total Liabilities | 812.98K | 1.21M | 1.23M | 463.41K | 595.32K | 718.21K |
| Stockholders Equity | 12.89M | 10.67M | 8.14M | 7.42M | 8.18M | 1.67M |
Cash Flow | ||||||
| Free Cash Flow | 243.20K | 197.91K | -2.53M | -4.39M | -3.32M | -1.18M |
| Operating Cash Flow | -431.48K | 243.91K | -881.47K | -877.34K | -1.22M | -386.16K |
| Investing Cash Flow | -1.38M | -2.06M | -1.64M | -3.52M | -2.10M | -500.66K |
| Financing Cash Flow | 3.31M | 2.11M | 2.43M | 480.08K | 7.54M | 1.63M |
Mt Malcolm Mines NL Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
46.21
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M2M, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M2M.
Mt Malcolm Mines NL 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% | |
53 Neutral | AU$5.42M | -5.00 | -4.88% | ― | 123.86% | 63.16% | |
47 Neutral | AU$7.13M | -3.16 | -19.54% | ― | ― | -11.76% | |
44 Neutral | AU$4.10M | -2.22 | 114.73% | ― | ― | -237.50% | |
44 Neutral | AU$18.64M | -2.46 | -28.97% | ― | ― | 75.79% | |
43 Neutral | AU$21.24M | -3.32 | -58.76% | ― | ― | 28.68% | |
43 Neutral | AU$6.63M | -0.98 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:M2M
Mt Malcolm Mines NL
0.01
-0.01
-50.00%
AU:PRX
Prodigy Gold NL
0.06
0.01
18.87%
AU:ALY
Alchemy Resources Limited
0.01
0.00
0.00%
AU:AUV
Sipa Resources Limited
0.01
>-0.01
-21.43%
AU:NME
Nex Metals Explorations Ltd
0.01
>-0.01
-36.84%
AU:GMN
Gold Mountain Limited
0.08
-0.02
-18.45%
Mt Malcolm Mines NL Corporate Events
Mt Malcolm Mines Adds Director Coulson With Significant Indirect Stake
Jun 25, 2026
Mt Malcolm Mines NL has appointed Phillip Coulson as a director effective 24 June 2026, strengthening its board with additional leadership in line with ASX listing rule requirements. The company disclosed that while Coulson holds no securities dir...
Mt Malcolm Mines Discloses Final Director Interest After Tuffin Resignation
Jun 25, 2026
Mt Malcolm Mines NL has announced that director Daniel Tuffin has ceased to be a director of the company as of 24 June 2026. The final director’s interest notice lodged with the ASX details that Tuffin holds 180,000 fully paid ordinary share...
Mt Malcolm Mines completes capital raising and refreshes board
Jun 24, 2026
Mt Malcolm Mines NL has completed its recent capital raising, with all funds received and securities issued, leaving the company well funded to pursue key development initiatives such as its proposed on-site processing facility and continued explo...
Mt Malcolm Mines Seeks Quotation of 110 Million New Shares on ASX
Jun 19, 2026
Mt Malcolm Mines NL has applied for quotation on the ASX of 109,967,599 new ordinary fully paid shares, to be issued under the company’s ticker M2M on 19 June 2026. The sizable share issuance, lodged via an Appendix 2A application, will expa...
Mt Malcolm Mines Raises Funds to Advance Leonora Processing Study and Exploration
Jun 19, 2026
Mt Malcolm Mines NL has completed the placement of the remaining shortfall from its non-renounceable rights issue, raising an additional $769,773 before costs through the issuance of nearly 110 million new fully paid ordinary shares. The successfu...
Mt Malcolm Mines Updates Timetable for Pro Rata Securities Issue
Jun 9, 2026
Mt Malcolm Mines NL, an Australian mining company listed as M2M on the ASX, operates in the resources sector with a focus on mineral exploration and development. The company targets opportunities in the mining industry as it builds its project por...
Mt Malcolm Advances Drilling Plans to Upgrade Calypso Gold Prospect
May 25, 2026
Mt Malcolm Mines NL is advancing its Calypso Gold Prospect within the Malcolm Project, about 25 kilometres southeast of Leonora in Western Australia, as part of its strategy to expand its gold inventory. The company is progressing a capital raisin...
Mt Malcolm Mines Launches $1.81m Non-Renounceable Entitlement Offer
May 5, 2026
Mt Malcolm Mines NL has unveiled a non-renounceable entitlement offer, giving eligible shareholders the right to subscribe for one new share for every two held on the 11 May 2026 record date at an issue price of $0.007 per share. The offer, struct...
Mt Malcolm Mines Launches $1.8m Non-Renounceable Rights Issue
May 5, 2026
Mt Malcolm Mines NL has launched a pro rata non-renounceable rights issue, offering eligible shareholders one new share for every two shares held at an issue price of $0.007, aiming to raise about $1.81 million. The offer is being conducted under ...
Mt Malcolm Mines Cuts Price and Restructures Rights Issue to Fund Leonora Growth Push
May 5, 2026
Mt Malcolm Mines NL has revised the terms of its previously announced pro-rata non-renounceable rights issue, withdrawing the original two-for-five offer at $0.01 and replacing it with a one-for-two offer at $0.007 per share to raise up to approxi...
Mt Malcolm Mines Marks Maiden Gold Resource and Advances Processing Study
Apr 29, 2026
Mt Malcolm Mines NL reported an important technical and development quarter to 31 March 2026, highlighted by its first JORC-compliant Mineral Resource Estimate at the Golden Crown and Dumbarton deposits totaling 13,200 ounces of gold. The company ...
Mt Malcolm Mines launches $2.07m entitlement offer to shareholders
Apr 27, 2026
Mt Malcolm Mines NL has launched a non-renounceable entitlement offer, giving eligible shareholders the right to acquire two new shares for every five held as at 4 May 2026, at an issue price of $0.01 per share, to raise up to $2.07 million before...
Mt Malcolm Mines Launches $2.07m Non-Renounceable Rights Issue
Apr 27, 2026
Mt Malcolm Mines NL, an Australian mineral exploration and development company, operates in the resources sector and is listed on the ASX. It relies on equity funding to support its exploration programs and corporate activities in Western Australi...
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.