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Magmatic Resources Ltd. (MAG) AI Stock Analysis
Magmatic Resources Ltd.
(ASX:MAG)
The score is driven primarily by very weak profitability and cash generation, compounded by a sustained bearish technical trend and the absence of valuation support. Low debt and positive equity provide only limited mitigation.
Magmatic Resources Ltd. (MAG) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 9.04M
- Dividend Yield
- ―
- Average Volume (3M)
- 341.56K
- Price to Earnings (P/E)
- -2.0
- Beta (1Y)
- 0.45
- Revenue Growth
- ―
- EPS Growth
- -71.15%
- Country
- Australia
- Employees
- 115
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Magmatic Resources Ltd. Business Overview & Revenue Model
Company Description
Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. The company explores for gold and copper deposits. The company was incorporated in 2016 and is headquartered in Orange, Australia.
How the Company Makes Money
Magmatic Resources does not typically generate recurring operating revenue because it is primarily an exploration-stage company. Its funding generally comes from external financing rather than sales of products or services. Key ways it can generate m...
Magmatic Resources Ltd. Financial Statement Overview
Summary
Very weak financial performance, with zero recent revenue, recurring losses, negative operating and free cash flow, and ongoing reliance on external funding. Positive equity and very low debt provide limited support.
Income Statement
18Very NegativeBalance Sheet
42NeutralCash Flow
24Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 472.91K | 89.77K | 54.10K | 58.40K |
| Gross Profit | -143.90K | -143.90K | 472.91K | 89.77K | -11.14K | -16.28K |
| EBITDA | -4.78M | -4.78M | -1.98M | -2.82M | -7.43M | -2.96M |
| Net Income | -4.48M | -4.48M | -2.17M | -3.38M | -7.49M | -3.02M |
Balance Sheet | ||||||
| Total Assets | 9.66M | 9.66M | 8.78M | 10.41M | 4.83M | 7.13M |
| Cash, Cash Equivalents and Short-Term Investments | 5.54M | 5.54M | 4.74M | 6.34M | 2.86M | 5.02M |
| Total Debt | 439.52K | 439.52K | 520.06K | 580.43K | 0 | 22.61K |
| Total Liabilities | 2.90M | 2.90M | 1.30M | 1.11M | 488.75K | 397.62K |
| Stockholders Equity | 6.75M | 6.75M | 7.48M | 9.30M | 4.34M | 6.73M |
Cash Flow | ||||||
| Free Cash Flow | -2.72M | -2.72M | -1.42M | -3.04M | -6.73M | -3.57M |
| Operating Cash Flow | -2.60M | -2.60M | -1.31M | -3.03M | -6.71M | -3.56M |
| Investing Cash Flow | 634.12K | 634.12K | -196.88K | 15.91K | -61.82K | -14.94K |
| Financing Cash Flow | 2.76M | 2.76M | -82.43K | 6.50M | 4.61M | 2.47M |
Magmatic Resources Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAG, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 25.96 is Positive, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAG.
Magmatic Resources Ltd. Peers Comparison
Overall Rating
AU:KAL45Neutral
AU:FG141Neutral
AU:TRM41Neutral
AU:NSM40Underperform- AU:MAG38Underperform
AU:MDI38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:KAL | 45Neutral | AUD 11.27M | -4.87 | -9.75% | ― | ― | 32.76% |
| AU:FG1 | 41Neutral | AUD 8.50M | -1.48 | -201.09% | ― | ― | 41.73% |
| AU:TRM | 41Neutral | AUD 10.76M | -49.00 | -15.22% | ― | ― | -18.75% |
| AU:NSM | 40Underperform | AUD 6.61M | -4.57 | -8.22% | ― | ― | -16.67% |
| AU:MAG | 38Underperform | AUD 9.54M | -2.02 | -56.64% | ― | ― | -71.15% |
| AU:MDI | 38Underperform | AUD 8.94M | -1.90 | -16.16% | ― | ― | 47.50% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:MAG | Magmatic Resources Ltd. | 0.02 | -0.04 | -70.00% | |
| AU:TRM | Truscott Mining Corporation Ltd | 0.05 | -0.03 | -38.75% | |
| AU:MDI | Middle Island Resources Limited | 0.01 | -0.02 | -60.00% | |
| AU:KAL | Kalgoorlie Gold Mining Limited | 0.02 | -0.04 | -72.13% | |
| AU:NSM | North Stawell Minerals, Ltd. | 0.02 | -0.02 | -56.76% | |
| AU:FG1 | Flynn Gold Ltd. | 0.01 | -0.01 | -50.00% |
Magmatic Resources Ltd. Corporate Events
Magmatic Resources Advances Weebo and Myall Exploration, Ends Quarter with $4.28m Cash
Magmatic Resources reported its September-quarter activities, highlighting an intensive reverse circulation drilling program at the Weebo Gold Project in Western Australia. The company completed 12 RC holes testing multiple prospects, intersecting qu...
Magmatic Resources Plans Issue of 7 Million Unlisted Options
Magmatic Resources has notified the ASX of a proposed issue of securities, planning to issue up to 7,000,000 unlisted options as part of a placement or similar capital initiative. The options are scheduled for issue on 27 November 2026, signalling a...
Magmatic Resources Sets November Date for AGM and Streamlines Shareholder Voting
Magmatic Resources Ltd. has called its Annual General Meeting for shareholders to be held on 25 November 2026 at Moore Australia’s offices in Perth, Western Australia, starting at 10:30 a.m. AWST. The company is shifting away from mailing physi...
Magmatic Resources Sets Timetable for 2026 AGM and Director Nominations
Magmatic Resources has advised that it expects to hold its 2026 Annual General Meeting on or after 25 November 2026, in line with ASX Listing Rule 3.13.1. The meeting timetable underscores the company’s adherence to governance obligations and p...
Magmatic Resources Details ASX-Aligned Governance Framework
Magmatic Resources Ltd., an ASX-listed company, has formalised a comprehensive corporate governance framework to guide its operations and oversight. The firm employs multiple policies covering board conduct, risk management, disclosure, diversity and...
Magmatic Resources Publishes 2026 Annual Report
Magmatic Resources Limited has released its annual report for the year ended 30 June 2026, detailing operational performance and financial results for the consolidated group. The report also includes directors’ and auditor’s statements, c...
Magmatic Resources Issues New Unlisted Employee Options
Magmatic Resources Ltd. is an ASX-listed mineral exploration company focused on developing resource projects, using equity-based instruments to incentivise employees and support growth. The firm’s capital structure includes both quoted and unqu...
Magmatic Resources Launches New RC Drilling Phase at Weebo Gold Project
Magmatic Resources will commence follow-up reverse circulation drilling at the Otto 2 and Ockerburry 3 prospects within its Weebo Project, with a rig scheduled to arrive between late August and early September 2026. The program also includes the firs...
Magmatic Resources to Release 15 Million Escrowed Shares, Removing All Remaining Restrictions
Magmatic Resources has announced the release of 10.8 million fully paid ordinary shares and 4.2 million performance shares from voluntary escrow, effective 25 August 2026. The shares, which were previously approved for quotation in August 2025, will...
Magmatic advances Weebo and Myall drilling as cash supports exploration push
Magmatic Resources reported a busy June quarter dominated by drilling at its Weebo Gold Project in Western Australia and the Myall copper–gold joint venture with Fortescue in New South Wales. Phase 3 drilling at Weebo totalled 6,591m across RC...
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.
Date of analysis: Oct 30, 2026