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Metal Bank Limited
(Sydney:MBK)
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Rating:43Neutral
Price Target:
AU$0.01
▲(20.00% Upside)
Action:Reiterated
Date:10/03/26
The score is pressured primarily by weak financial performance (persistent losses and ongoing cash burn) and bearish-to-soft technicals (below the 200-day average with negative MACD). A debt-free balance sheet with meaningful equity provides some stability, but negative earnings (and a negative P/E) limit valuation support.
Positive Factors
Debt-free balance sheet
The absence of reported debt reduces mandatory financing obligations and interest pressure, giving Metal Bank greater flexibility while it addresses operating losses. Its meaningful equity base also provides a stronger financial cushion than a highly leveraged structure, although that cushion may decline if losses continue.
Negative Factors
Persistent and widening losses
Widening annual losses point to deteriorating earnings power rather than a temporary profitability setback. Continued losses can erode equity, weaken the ability to self-fund operations, and make it harder for Metal Bank to convert its balance-sheet resources into sustainable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces mandatory financing obligations and interest pressure, giving Metal Bank greater flexibility while it addresses operating losses. Its meaningful equity base also provides a stronger financial cushion than a highly leveraged structure, although that cushion may decline if losses continue.
Read all positive factors
Metal Bank Limited (MBK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.03M
Dividend YieldN/A
Average Volume (3M)160.37K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue GrowthN/A
EPS Growth-27.91%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding911,857,850
10 Day Avg. Volume198,554
30 Day Avg. Volume160,374
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.47
Price to Sales (P/S)0.00
P/FCF Ratio-9.07
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
Metal Bank Limited Business Overview & Revenue Model
Company Description
Metal Bank Limited is primarily focused on mineral exploration. The company fully owns the 8 Mile, Wild Irishman, and Eidsvold gold projects, all located in South East Queensland. It also holds a 75% interest in the Livingstone project, situated i...
How the Company Makes Money
null...
Metal Bank Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 4.62K | 0.00 | 18.69K | 835.00 |
| Gross Profit | 0.00 | 4.62K | -10.00K | 17.71K | -1.11K |
| EBITDA | -1.72M | -778.70K | -2.08M | -920.04K | -1.89M |
| Net Income | -4.38M | -2.12M | -2.22M | -7.05M | -1.89M |
Balance Sheet | |||||
| Total Assets | 18.70M | 15.77M | 16.27M | 14.40M | 22.63M |
| Cash, Cash Equivalents and Short-Term Investments | 1.86M | 396.35K | 794.66K | 767.59K | 5.69M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 522.58K | 359.69K | 630.16K | 398.33K | 2.29M |
| Stockholders Equity | 18.17M | 15.41M | 15.64M | 14.00M | 20.34M |
Cash Flow | |||||
| Free Cash Flow | -932.49K | -1.87M | -2.59M | -4.92M | -4.94M |
| Operating Cash Flow | -928.44K | -770.37K | -764.49K | -565.81K | -1.39M |
| Investing Cash Flow | -907.64K | -1.10M | -1.83M | -4.36M | -3.55M |
| Financing Cash Flow | 3.30M | 1.47M | 2.62M | 9.63M | 9.63M |
Metal Bank Limited Technical Analysis
Negative
0.01
Price Trends
0.01
Neutral
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
41.25
Neutral
-83.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MBK, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, equal to the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.25 is Neutral, neither overbought nor oversold. The STOCH value of -83.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MBK.
Metal Bank Limited 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% | |
47 Neutral | AU$17.23M | -1.81 | -167.03% | ― | ― | 62.73% | |
46 Neutral | AU$11.92M | -3.28 | -17.36% | ― | ― | -480.00% | |
43 Neutral | AU$10.03M | -2.18 | -22.91% | ― | ― | -27.91% | |
43 Neutral | AU$9.66M | -48.00 | -15.22% | ― | ― | -18.75% | |
42 Neutral | AU$9.54M | -2.36 | -56.64% | ― | ― | -71.15% | |
39 Underperform | AU$12.91M | -3.08 | -11.72% | ― | ― | 47.50% |
* Basic Materials Sector Average
AU:MBK
Metal Bank Limited
0.01
>-0.01
-36.84%
AU:TRM
Truscott Mining Corporation Ltd
0.05
-0.01
-18.33%
AU:MDI
Middle Island Resources Limited
0.01
-0.03
-70.00%
AU:MAN
Mandrake Resources Ltd
0.02
>-0.01
-13.64%
AU:MAG
Magmatic Resources Ltd.
0.02
-0.04
-65.00%
AU:CDT
Castle Minerals Limited
0.08
<0.01
3.90%
Metal Bank Limited Corporate Events
Metal Bank Details Governance Framework and ASX Principles Compliance
Sep 30, 2026
Metal Bank Limited has outlined its corporate governance framework in a statement approved by its board on 28 September 2026, detailing how it applies the ASX Corporate Governance Council’s fourth edition Principles. The company’s boar...
Metal Bank releases comprehensive 2026 annual report
Sep 30, 2026
Metal Bank Limited has released its annual report for the year ended 30 June 2026, detailing operational reviews, tenement schedules and corporate governance disclosures for the group and its controlled entities. The report also presents audited c...
Metal Bank Fast-Tracks Livingstone Gold Project to Scalable Production
Aug 31, 2026
Metal Bank Limited is an Australian gold-focused explorer and developer targeting scalable production from its Western Australian assets. The company is advancing multiple JORC-compliant deposits at its Livingstone and Whiteheads projects while co...
Metal Bank retracts unverified Kingsley metallurgical results, plans compliant testwork
Jul 31, 2026
Metal Bank Limited has retracted previously disclosed historical metallurgical exploration results related to the Kingsley gold deposit after determining it cannot validate them due to a lack of supporting documentation. The company stressed that ...
Metal Bank Advances Kingsley Gold Project with Mining Lease Application
Jul 30, 2026
Metal Bank Limited has lodged a mining lease application for the Kingsley gold deposit at the Livingstone Project in Western Australia, where Kingsley hosts an inferred JORC 2012 resource of 73,000 ounces within a broader 122,500‑ounce Livin...
Metal Bank cushions exploration cash burn with fresh equity funding
Jul 28, 2026
Metal Bank Limited reported its quarterly cash flow for the period ended 30 June 2026, highlighting continued spending on exploration and evaluation alongside modest corporate outflows and minimal interest income. The company used A$114,000 in ope...
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.