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Manhattan Corporation
(Sydney:MHC)
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Rating:46Neutral
Price Target:
AU$0.02
â–¼(-30.00% Downside)
Action:Reiterated
Date:05/08/26
The score is primarily held down by persistent losses and negative free cash flow, despite a relatively strong, debt-free balance sheet. Technical indicators are neutral with only modest price support, and valuation is difficult to justify with negative earnings and no dividend yield provided.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces solvency and interest-payment risk, giving management time and optionality to execute a turnaround. Over a 2-6 month horizon this preserves cash flow flexibility and reduces fixed financial obligations while operations recover.
Negative Factors
Deep negative profitability
Sustained large operating and net losses with ~-45% net margin indicate the current revenue base cannot cover costs. This structural lack of profitability erodes equity over time and requires meaningful margin improvement or higher revenue to reach sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces solvency and interest-payment risk, giving management time and optionality to execute a turnaround. Over a 2-6 month horizon this preserves cash flow flexibility and reduces fixed financial obligations while operations recover.
Read all positive factors
Manhattan Corporation (MHC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.47M
Dividend YieldN/A
Average Volume (3M)1.95M
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue GrowthN/A
EPS Growth-197.73%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding748,950,560
10 Day Avg. Volume3,308,069
30 Day Avg. Volume1,951,526
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.32
Price to Sales (P/S)206.46
P/FCF Ratio-4.76
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
Manhattan Corporation Business Overview & Revenue Model
Company Description
Manhattan Corporation Limited, headquartered in West Perth, Australia, is actively involved in the assessment, exploration, and development of mineral projects across the country. The company's primary focus is on discovering uranium and gold depo...
Manhattan Corporation Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 20.33K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.71K | 20.33K | -24.06K | -25.48K | -35.31K | -25.95K |
| EBITDA | -2.01M | -751.02K | -1.60M | -730.03K | -500.72K | -573.06K |
| Net Income | -6.14M | -923.35K | -1.63M | -755.51K | -536.02K | -599.02K |
Balance Sheet | ||||||
| Total Assets | 14.59M | 13.16M | 12.56M | 14.03M | 7.82M | 8.12M |
| Cash, Cash Equivalents and Short-Term Investments | 2.48M | 1.86M | 1.85M | 4.34M | 2.18M | 4.22M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 29.40K | 147.69K | 230.23K | 107.31K | 308.68K | 80.47K |
| Stockholders Equity | 14.56M | 13.02M | 12.33M | 13.92M | 7.51M | 8.04M |
Cash Flow | ||||||
| Free Cash Flow | -1.67M | -881.37K | -2.49M | -2.08M | -2.05M | -2.79M |
| Operating Cash Flow | -1.67M | -881.37K | -681.18K | -673.04K | -425.40K | -568.40K |
| Investing Cash Flow | -487.76K | -726.63K | -1.81M | -1.38M | -1.62M | -2.22M |
| Financing Cash Flow | 1.96M | 1.62M | 7.01K | 4.22M | 6.04M | 6.04M |
Manhattan Corporation Technical Analysis
Positive
0.03
Price Trends
0.02
Positive
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Negative
55.79
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MHC, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MHC.
Manhattan Corporation 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$15.88M | -3.03 | -33.10% | ― | ― | -245.28% | |
47 Neutral | AU$10.85M | -5.26 | -53.37% | ― | ― | 65.45% | |
46 Neutral | AU$19.47M | -1.98 | -44.53% | ― | ― | -197.73% | |
43 Neutral | AU$10.36M | -3.02 | -18.09% | ― | ― | 64.33% | |
41 Neutral | AU$14.61M | -17.50 | 161.89% | ― | ― | -50.00% |
* Basic Materials Sector Average
AU:MHC
Manhattan Corporation
0.03
<0.01
23.81%
AU:PGM
Platina Resources Limited
0.02
>-0.01
-4.17%
AU:ERL
Empire Resources Limited
0.01
0.00
0.00%
AU:SCN
Scorpion Minerals Limited
0.02
>-0.01
-4.76%
AU:TG1
Techgen Metals Ltd.
0.02
-0.01
-36.67%
Manhattan Corporation Corporate Events
Manhattan Gold Director Danielle Kelly Discloses New Indirect Shareholding
Jul 27, 2026
Manhattan Gold Corporation has reported a change in director Danielle Kelly’s interests, disclosing that she has acquired an indirect stake in the company through Dooma Holdings Pty Ltd . The update reflects the company’s ongoing compl...
Director Gavin Rezos Increases Stake in Manhattan Gold via Share Placement
Jul 27, 2026
Manhattan Gold Corporation has disclosed a change in director Gavin Rezos’ interests following the issue of new placement shares approved at the company’s 13 July 2026 general meeting. Rezos, through indirect holdings including Vivien ...
Manhattan Gold accelerates Hook Lake drilling after Nunavut tenure expansion
Jul 23, 2026
Manhattan Gold Corporation Limited reported progress on its 2026 exploration program at the Hook Lake gold and VMS project in Nunavut, Canada, where it has secured 100% mineral interest over an expanded 338km² area of Inuit-owned land for 20 ...
Manhattan Gold Issues New Shares and Confirms Compliance in Cleansing Notice
Jul 23, 2026
Manhattan Gold Corporation Limited, an ASX-listed gold sector company based in Perth, issues fully paid ordinary shares that trade on the Australian Securities Exchange as part of its capital management and corporate activity. Operating within Aus...
Manhattan Gold Issues 1 Million Unlisted Options in New Equity Move
Jul 23, 2026
Manhattan Gold Corporation Limited has notified the market of the issuance of new unquoted equity securities in the form of unlisted options. The company disclosed that a total of 1,000,000 unlisted options will be issued in two equal tranches of ...
Manhattan Gold Issues 11 Million Unquoted Performance Rights
Jul 23, 2026
Manhattan Gold Corporation Limited has notified the market of the issue of 11,000,000 unquoted performance rights. These securities form part of previously announced transactions and are not intended to be quoted on the ASX.The issuance of perform...
Manhattan Gold Seeks ASX Quotation for 2 Million New Shares
Jul 23, 2026
Manhattan Gold Corporation Limited has lodged an application with the ASX for quotation of 2,000,000 ordinary fully paid shares, with an issue date of July 22, 2026, under its existing MHC ticker. The new securities, linked to previously announced...
Manhattan Gold Seeks ASX Quotation for 1.5 Million New Shares
Jul 23, 2026
Manhattan Gold Corporation Limited has applied for quotation of 1,500,000 new ordinary fully paid shares on the ASX, with the securities issued on July 22, 2026. The issuance, linked to previously announced transactions, modestly expands the compa...
Manhattan Gold Seeks ASX Quotation for 27.85 Million New Shares
Jul 23, 2026
Manhattan Gold Corporation Limited has applied to the ASX for quotation of 27,850,000 new ordinary fully paid shares, following the issue of these securities on July 22, 2026. The application, lodged as an Appendix 2A on July 23, 2026, formalizes ...
Manhattan Gold Unveils High-Grade Discovery at Vanquish Prospect in Nunavut
Jul 21, 2026
Manhattan Gold Corporation has reported outstanding high-grade gold assays from first-pass channel and grab sampling at the newly acquired Vanquish prospect within its Hook Lake Project in Nunavut. The prospect, identified from historic till anoma...
Manhattan Gold Issues 18.75 Million Unlisted Options to Support Growth
Jul 15, 2026
Manhattan Gold Corporation has notified the market of the issue of 18,750,000 unlisted options, which will expire three years from the date of issue on July 15, 2026. The options, not intended to be quoted on the ASX, form part of previously flagg...
Manhattan Gold Plans New Equity Issue of Shares and Performance Rights
Jul 15, 2026
Manhattan Gold Corporation Limited has notified the ASX of a proposed issue of securities, comprising up to 11,000,000 performance rights and 1,500,000 ordinary fully paid shares. The issuance, structured as a placement or other type of issue, is ...
Manhattan Gold Wins Strong Shareholder Backing for Capital and Incentive Resolutions
Jul 13, 2026
Manhattan Gold Corporation reported that all resolutions put to shareholders at its 13 July 2026 general meeting were passed by poll with strong majorities. Approvals covered ratification of prior placement share issues, new lead manager options, ...
Manhattan Gold Discloses Increased Stake by Substantial Shareholder
Jul 9, 2026
Manhattan Gold Corporation Ltd has disclosed changes in the holdings of a substantial shareholder, Colin Petroulas, in its ordinary shares. The filing details his interest in 45 million shares previously and 56 million shares currently, indicating...
Manhattan Advances Hook Lake Exploration With LiDAR Survey and Maiden Sampling
Jul 6, 2026
Manhattan Gold Corporation has completed a high-resolution LiDAR and orthophoto survey over the entire Hook Lake Project in Nunavut, securing the work at a significantly reduced cost by using a specialist survey aircraft already mobilised in the r...
Manhattan Gold Tightens Governance With Updated Securities Trading Policy
Jun 30, 2026
Manhattan Gold Corporation Ltd has updated its Securities Trading Policy following a review of its corporate governance framework and has formally adopted the amended policy by board resolution. The revised policy, released in line with ASX Listin...
Manhattan Gold Starts Major Drilling Campaign at Hook Lake in Nunavut
Jun 22, 2026
Manhattan Gold Corporation has launched its most extensive exploration campaign in over three decades at the Hook Lake Project in Nunavut, Canada, anchored by a 4,000-metre reverse circulation drilling program across five key gold and polymetallic...
Manhattan Gold Rectifies Inadvertent Breach of ASX Related-Party Rules
May 29, 2026
Manhattan Gold Corporation has disclosed that it previously identified an inadvertent breach of ASX Listing Rule 10.11 after related parties of its non-executive chairman were mistakenly issued 283,333 placement shares. The shares, valued at A$6,8...
Manhattan Gold Wins Key Nunavut Approvals and Grant for Hook Lake Drilling
May 27, 2026
Manhattan Gold Corporation has secured final approvals from the Kivalliq Inuit Association and the Canadian federal authorities to build a camp and commence a maiden 4,000-metre reverse circulation drilling program at its Hook Lake project in Nuna...
Manhattan Gold Strengthens Governance with New Joint Company Secretaries
May 22, 2026
Manhattan Gold Corporation has appointed Ms Jessamyn Lyons and Ms Carla Healy as Joint Company Secretaries, effective immediately, following the resignation of long-serving Company Secretary Ms Eryn Kestel. Lyons, a Chartered Secretary and Governa...
Manhattan Gold Flags ASX Listing Rule Breach, Moves to Remedy Small Related-Party Share Issue
May 22, 2026
Manhattan Gold Corporation has disclosed an inadvertent breach of ASX Listing Rule 10.11 after three adult sons of its non-executive chairman were mistakenly allocated 283,333 shares in the first tranche of a recent A$3 million placement. The comp...
Manhattan Gold Expands Nunavut Exploration Footprint at Hook Lake
May 7, 2026
Manhattan Gold Corporation has secured approval from the Kivalliq Inuit Association to expand its mineral exploration agreement with Nunavut Tunngavik Incorporated, increasing its Inuit-owned land tenure at the Hook Lake Project to 338 square kilo...
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.