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Metalsgrove Mining Ltd. (MGA) AI Stock Analysis
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Metalsgrove Mining Ltd.
(ASX:MGA)
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.
Metalsgrove Mining Ltd. (MGA) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 12.12M
- Dividend Yield
- ―
- Average Volume (3M)
- 79.49K
- Price to Earnings (P/E)
- -2.5
- Beta (1Y)
- -0.15
- Revenue Growth
- ―
- EPS Growth
- -41.92%
- Country
- Australia
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
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
Financial performance is very weak: revenue fell to 0 in FY2026, losses have persisted and widened most recently, and operating/free cash flow are consistently negative. The key offset is zero debt, which reduces refinancing risk, but the declining equity base and ongoing cash burn keep overall risk high.
Income Statement
12Very NegativeBalance Sheet
48NeutralCash Flow
18Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 81.29K | 50.39K | 76.36K | 5,143 |
| Gross Profit | 0 | -2,093 | 81.29K | 50.39K | 76.36K | 5,143 |
| EBITDA | -1.38M | -1.38M | -2.51M | -475.31K | -706.88K | 0 |
| Net Income | -3.92M | -3.92M | -2.41M | -3.35M | -871.21K | -970.63K |
Balance Sheet | ||||||
| Total Assets | 3.01M | 3.01M | 4.07M | 6.41M | 8.38M | 8.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.97M | 1.97M | 1.38M | 2.69M | 3.10M | 6.69M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 135.69K | 135.69K | 123.69K | 129.40K | 698.51K | 645.60K |
| Stockholders Equity | 2.87M | 2.87M | 3.95M | 6.28M | 7.68M | 8.34M |
Cash Flow | ||||||
| Free Cash Flow | -1.43M | -1.28M | -1.30M | -2.48M | -2.97M | -222.49K |
| Operating Cash Flow | -1.12M | -1.12M | -904.49K | -1.03M | -639.45K | -62.20K |
| Investing Cash Flow | -877.03K | -877.03K | -397.69K | -1.45M | -2.41M | -160.29K |
| Financing Cash Flow | 2.59M | 2.59M | 0 | 2.07M | -535.36K | 11.69M |
Metalsgrove Mining Ltd. Technical Analysis
Price Trends
Market Momentum
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 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of -0.00 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
Overall Rating
AU:MLS47Neutral
AU:KLR42.6Neutral
AU:PAT42Neutral
AU:VMS42Neutral- AU:MGA42Neutral
AU:ADY28Underperform
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:MLS | 47Neutral | AUD 13.95M | -9.05 | -4.81% | ― | ― | 0.00% |
| AU:KLR | 43Neutral | AUD 9.29M | 22.11 | -8.96% | ― | ― | ― |
| AU:PAT | 42Neutral | AUD 13.95M | -1.77 | -56.79% | ― | ― | 26.38% |
| AU:VMS | 42Neutral | AUD 20.17M | -1.54 | -37.03% | ― | ― | -48.85% |
| AU:MGA | 42Neutral | AUD 12.12M | -2.47 | -130.09% | ― | ― | -41.92% |
| AU:ADY | 28Underperform | AUD 15.78M | -3.00 | -39.88% | ― | ― | 26.32% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:MGA | Metalsgrove Mining Ltd. | 0.08 | 0.02 | 25.00% | |
| AU:MLS | Metals Australia Ltd | 0.02 | -0.01 | -36.67% | |
| AU:ADY | Admiralty Resources NL | 0.01 | 0.00 | 0.00% | |
| AU:VMS | Astro Resources NL | 0.12 | -0.04 | -25.00% | |
| 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
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 soil...
MetalsGrove outlines electronic AGM notice and proxy arrangements
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 notice...
MetalsGrove Mining Releases 2026 Annual Report Detailing Mining Interests and Financials
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 company’s...
MetalsGrove Mining Sets AGM Date and Opens Director Nominations
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 constitutio...
Metalsgrove Mining Confirms Lapse of 900,000 Options, Trimming Future Capital Overhang
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 condition...
MetalsGrove Mining posts cash outflows as exploration spending continues
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$1.1...
MetalsGrove sharpens Côte d’Ivoire gold targets with new drilling push
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 company...
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 22, 2026