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Metalsgrove Mining Ltd.
(Sydney:MGA)
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Rating:42Neutral
Price Target:
AU$0.08
▼(-23.00% Downside)
Action:Reiterated
Date:10/22/26
The score is primarily held down by weak financial performance (zero FY2026 revenue, widening losses, and ongoing negative operating/free cash flow) alongside bearish technical positioning (price below key moving averages and negative MACD). The lack of meaningful earnings-based valuation support (negative P/E) further limits the score, partially offset only by the absence of debt.
Positive Factors
Zero Debt
A debt-free balance sheet reduces refinancing exposure and avoids interest obligations while the company develops its business. This provides greater financial flexibility than a similarly loss-making company carrying leverage, although it does not offset the ongoing cash burn.
Negative Factors
Zero Revenue
The collapse to zero revenue leaves the company without demonstrated commercial scale or a current top-line base to support operations. With prior-year revenue already very small, the business has not yet established durable customer demand or a reliable revenue engine.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt
A debt-free balance sheet reduces refinancing exposure and avoids interest obligations while the company develops its business. This provides greater financial flexibility than a similarly loss-making company carrying leverage, although it does not offset the ongoing cash burn.
Read all positive factors
Metalsgrove Mining Ltd. (MGA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.12M
Dividend YieldN/A
Average Volume (3M)38.22K
Price to Earnings (P/E)―
Beta (1Y)-0.15
Revenue GrowthN/A
EPS Growth-41.92%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding151,453,320
10 Day Avg. Volume84,947
30 Day Avg. Volume38,218
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)4.05
Price to Sales (P/S)0.00
P/FCF Ratio-9.05
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
Metalsgrove Mining Ltd. Business Overview & Revenue Model
Company Description
MetalsGrove Mining Limited operates as an exploration and development company in Australia. It primarily explores for copper, gold, and zinc ores. MetalsGrove Mining Limited was incorporated in 2021 and is based in West Perth, Australia....
Metalsgrove Mining Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 81.29K | 50.39K | 76.36K | 5.14K |
| Gross Profit | -2.09K | 81.29K | 50.39K | 76.36K | 5.14K |
| EBITDA | -1.38M | -2.51M | -475.31K | -706.88K | 0.00 |
| Net Income | -3.92M | -2.41M | -3.35M | -871.21K | -970.63K |
Balance Sheet | |||||
| Total Assets | 3.01M | 4.07M | 6.41M | 8.38M | 8.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.97M | 1.38M | 2.69M | 3.10M | 6.69M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 135.69K | 123.69K | 129.40K | 698.51K | 645.60K |
| Stockholders Equity | 2.87M | 3.95M | 6.28M | 7.68M | 8.34M |
Cash Flow | |||||
| Free Cash Flow | -1.28M | -1.30M | -2.48M | -2.97M | -222.49K |
| Operating Cash Flow | -1.12M | -904.49K | -1.03M | -639.45K | -62.20K |
| Investing Cash Flow | -877.03K | -397.69K | -1.45M | -2.41M | -160.29K |
| Financing Cash Flow | 2.59M | 0.00 | 2.07M | -535.36K | 11.69M |
Metalsgrove Mining Ltd. Technical Analysis
Negative
0.10
Price Trends
0.09
Negative
0.09
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
16.00
Positive
60.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGA, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 16.00 is Positive, neither overbought nor oversold. The STOCH value of 60.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MGA.
Metalsgrove Mining Ltd. 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% | |
48 Neutral | AU$20.17M | -1.54 | -37.03% | ― | ― | -48.85% | |
47 Neutral | AU$13.95M | -9.05 | -4.81% | ― | ― | ― | |
44 Neutral | AU$9.29M | 22.11 | -8.96% | ― | ― | ― | |
44 Neutral | AU$13.95M | -1.77 | -56.79% | ― | ― | 26.38% | |
42 Neutral | AU$12.12M | -2.47 | -130.09% | ― | ― | -41.92% | |
28 Underperform | AU$15.78M | -3.00 | -39.88% | ― | ― | 26.32% |
* Basic Materials Sector Average
AU:MGA
Metalsgrove Mining Ltd.
0.08
0.02
26.98%
AU:MLS
Metals Australia Ltd
0.02
-0.01
-38.71%
AU:ADY
Admiralty Resources NL
0.01
0.00
0.00%
AU:VMS
Astro Resources NL
0.12
-0.06
-33.33%
AU:KLR
Kaili Resources Limited
0.06
-0.14
-68.50%
AU:PAT
Patriot Lithium Ltd.
0.04
-0.01
-23.08%
Metalsgrove Mining Ltd. Corporate Events
MetalsGrove sharpens Côte d’Ivoire gold targets while pausing drilling for community engagement
Oct 21, 2026
MetalsGrove Mining reported ongoing exploration progress at its Central West Gold Project in Côte d’Ivoire during the September quarter, concentrating on the Zuénoula and Vavoua permits within existing joint ventures. Systematic so...
MetalsGrove outlines electronic AGM notice and proxy arrangements
Oct 8, 2026
MetalsGrove Mining Ltd has scheduled its Annual General Meeting for 11:00am WST on 13 November 2026 at its premises on Oxford Street in Mount Hawthorn, Western Australia, with shareholder eligibility set at 4:00pm WST on 11 November 2026. The noti...
MetalsGrove Mining Releases 2026 Annual Report Detailing Mining Interests and Financials
Sep 24, 2026
MetalsGrove Mining Limited has released its Annual Report for the year ended 30 June 2026, outlining its financial statements, directors’ report, and auditor’s findings. The report also includes detailed information on the company̵...
MetalsGrove Mining Sets AGM Date and Opens Director Nominations
Sep 21, 2026
MetalsGrove Mining Ltd. has scheduled its Annual General Meeting for 13 November 2026, at which shareholders will consider the re-election and appointment of directors. The timetable follows ASX Listing Rule 3.13.1 and the company’s constitu...
Metalsgrove Mining Confirms Lapse of 900,000 Options, Trimming Future Capital Overhang
Sep 3, 2026
Metalsgrove Mining Ltd has notified the market that a total of 900,000 options, across three series expiring on 19 November 2028 with exercise prices of $0.09, $0.12 and $0.15, have lapsed. The cessation occurred on 31 August 2026 after the condit...
MetalsGrove Mining posts cash outflows as exploration spending continues
Jul 23, 2026
MetalsGrove Mining Limited reported a net operating cash outflow of A$267,000 for the June 2026 quarter, reflecting spending on staff, administration and ongoing exploration work. Over the 12‑month period, operating cash outflows totalled A$...
MetalsGrove sharpens Côte d’Ivoire gold targets with new drilling push
Jul 23, 2026
MetalsGrove Mining reported strong June-quarter progress at its Central West Gold Project in Côte d’Ivoire, where systematic exploration at the Zuénoula and Vavoua permits has refined multiple prospects and drill targets. The compa...
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.