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Manhattan Corporation
(Sydney:MHC)
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Rating:42Neutral
Price Target:
AU$0.02
â–Ľ(-50.00% Downside)
Action:Reiterated
Date:09/30/26
Overall score is weighed down primarily by weak operating fundamentals (minimal revenue, widening losses, and accelerating cash burn), partially offset by a debt-free, well-capitalized balance sheet. Technicals also remain soft with the price below major moving averages and negative momentum, despite an oversold RSI reading. Valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt reduces solvency and refinancing risk, leaving the company less exposed to interest costs and creditor constraints. This provides greater financial flexibility while management works to develop the operating business and may help preserve capital during periods of weak results.
Negative Factors
Minimal, Inconsistent Revenue
Minimal and inconsistent revenue shows that the operating model has not yet demonstrated dependable customer demand or commercial scale. Without a sustained top-line base, the company has limited ability to absorb fixed costs, fund development internally, or establish a credible path toward recurring profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt reduces solvency and refinancing risk, leaving the company less exposed to interest costs and creditor constraints. This provides greater financial flexibility while management works to develop the operating business and may help preserve capital during periods of weak results.
Read all positive factors
Manhattan Corporation (MHC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.67M
Dividend YieldN/A
Average Volume (3M)2.81M
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue GrowthN/A
EPS Growth-310.26%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding916,950,560
10 Day Avg. Volume1,235,905
30 Day Avg. Volume2,810,742
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.86
Price to Sales (P/S)0.00
P/FCF Ratio-3.26
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
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 20.33K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -10.05K | 20.33K | -24.06K | -25.48K | -35.31K |
| EBITDA | -4.82M | -818.21K | -1.60M | -730.03K | -500.72K |
| Net Income | -8.90M | -923.35K | -1.63M | -755.51K | -536.02K |
Balance Sheet | |||||
| Total Assets | 14.36M | 13.16M | 12.56M | 14.03M | 7.82M |
| Cash, Cash Equivalents and Short-Term Investments | 2.01M | 1.86M | 1.85M | 4.34M | 2.18M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.31M | 147.69K | 230.23K | 107.31K | 308.68K |
| Stockholders Equity | 13.06M | 13.02M | 12.33M | 13.92M | 7.51M |
Cash Flow | |||||
| Free Cash Flow | -3.45M | -881.37K | -2.49M | -2.08M | -2.05M |
| Operating Cash Flow | -3.37M | -881.37K | -681.18K | -673.04K | -425.40K |
| Investing Cash Flow | -261.66K | -726.63K | -1.81M | -1.38M | -1.62M |
| Financing Cash Flow | 3.92M | 1.62M | 7.01K | 4.22M | 6.04M |
Manhattan Corporation Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
37.43
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MHC, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.43 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
46 Neutral | AU$14.50M | -3.89 | -26.60% | ― | ― | 14.29% | |
44 Neutral | AU$4.36M | -1.95 | -14.71% | ― | ― | 70.07% | |
42 Neutral | AU$14.67M | -0.94 | -64.43% | ― | ― | -310.26% | |
42 Neutral | AU$8.13M | -3.26 | -68.97% | ― | ― | 46.51% | |
41 Neutral | AU$18.78M | -12.86 | -370.82% | ― | ― | -50.00% |
* Basic Materials Sector Average
AU:MHC
Manhattan Corporation
0.02
-0.01
-42.86%
AU:PGM
Platina Resources Limited
0.02
>-0.01
-22.22%
AU:ERL
Empire Resources Limited
0.01
0.00
0.00%
AU:SCN
Scorpion Minerals Limited
0.02
-0.02
-50.00%
AU:TG1
Techgen Metals Ltd.
0.01
-0.02
-66.67%
Manhattan Corporation Corporate Events
Manhattan Gold Outlines District-Scale Exploration Focus and Reporting Caveats
Oct 27, 2026
Manhattan Gold Corporation has released an investor presentation outlining its focus on large-scale polymetallic exploration projects in premier mining jurisdictions, anchored by high-grade gold and base metal discoveries. The company highlights o...
Novo advances Tibooburra drilling and cements joint venture in Albert Goldfield
Oct 27, 2026
Novo Resources Corp has secured all necessary regulatory, landholder and heritage approvals to launch a roughly 2,700 metre reverse circulation drilling campaign at the Tibooburra Gold Project in New South Wales, with work at the Clone prospect sl...
Manhattan Gold Advances Hook Lake Drilling and Bolsters Funding for 2027 Program
Oct 25, 2026
Manhattan Gold Corporation reported a busy September quarter, highlighted by the completion of its maiden 4,592m drill campaign at the Hook Lake Project in Nunavut, the first drilling there in more than 30 years. The program returned thick, high-g...
Manhattan Gold Plans Modest Share Placement on ASX
Oct 12, 2026
Manhattan Gold Corporation Limited has proposed a new placement of up to 2,000,000 ordinary fully paid shares on the ASX. The securities are expected to be issued on 13 November 2026, with the company formally notifying the exchange of the planned...
Manhattan Gold Plans New Share Placement to Raise Capital
Oct 12, 2026
Manhattan Gold Corporation Limited has notified the ASX of a proposed placement involving up to 3,829,280 ordinary fully paid shares, with an expected issue date of February 2, 2027. The move signals the company’s intention to raise addition...
Manhattan Gold Sets November 2026 AGM and Seeks Shareholder Backing on Pay Report
Oct 8, 2026
Manhattan Gold Corporation has called its Annual General Meeting for 6 November 2026 in West Perth, where shareholders will review the company’s financial statements, directors’ report and auditor’s report for the year ended 30 J...
Manhattan Gold Opens Online Access to AGM Documents and Voting
Oct 8, 2026
Manhattan Gold Corporation Limited has opened online access for shareholders to its Notice of Meeting, Explanatory Memorandum and Proxy Form ahead of its 2026 Annual General Meeting. The AGM is scheduled for 9.00am AWST on Friday, 6 November 2026,...
Manhattan Gold Corporation Lodges Updated ASX Governance Disclosures
Sep 28, 2026
Manhattan Gold Corporation has released its updated corporate governance statement for the year ended 30 June 2026, confirming it is available on the company’s website and has been approved by the board as at 28 September 2026. The accompany...
Manhattan Gold Extends Jaws Strike to 1.25km on Strong Nunavut Drill Results
Sep 24, 2026
Manhattan Gold Corporation has reported strong new drilling results at the Jaws prospect within its Hook Lake Project in Nunavut, confirming shallow gold mineralisation over an extended strike. A key step-out hole delivered 21.34m at 1.72g/t gold ...
Manhattan Gold Issues 168 Million Shares in First Tranche Placement
Sep 22, 2026
Manhattan Gold Corporation has issued 168 million fully paid ordinary shares under the first tranche of a previously announced placement, expanding its quoted share capital on the Australian Securities Exchange. The company confirmed the new share...
Manhattan Gold Seeks ASX Quotation for 51.2 Million New Shares
Sep 22, 2026
Manhattan Gold Corporation has applied for quotation on the ASX of 51,240,500 new ordinary fully paid shares, expanding its listed capital base under the ticker MHC. The securities, issued as part of a previously announced transaction, will increa...
Manhattan Gold Seeks ASX Quotation for 116.8 Million New Shares
Sep 21, 2026
Manhattan Gold Corporation Limited has applied to have 116,759,500 new ordinary fully paid shares quoted on the Australian Securities Exchange. The securities, to be listed under ticker MHC, were issued on September 22, 2026, expanding the company...
Manhattan Gold Plans Major Share and Option Issue for Capital Raising
Sep 14, 2026
Manhattan Gold Corporation Limited has notified the ASX of a proposed issue of securities comprising up to 57,000,000 new ordinary fully paid shares and 37,500,000 unlisted options. The issuance, scheduled for November 13, 2026, forms part of a pl...
Manhattan Gold Plans Major Share Placement to Fund Growth
Sep 14, 2026
Manhattan Gold Corporation Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 168 million new fully paid ordinary shares. The securities are scheduled for issue on 21 September 2026, signalling a significant cap...
Manhattan Gold raises A$4.5m to drive Hook Lake drilling campaign
Sep 14, 2026
Manhattan Gold Corporation has secured firm commitments for a A$4.5 million equity placement at A$0.02 per share, supported by existing shareholders, institutional investors and clients of Viaticus Capital, to fund its 2026 exploration drilling pr...
Manhattan Gold Seeks Trading Halt Ahead of Material Capital Raising
Sep 10, 2026
Manhattan Gold Corporation has requested and been granted a voluntary trading halt in its securities on the ASX, effective from 11 September 2026. The halt will remain in place until either normal trading resumes on Tuesday, 15 September 2026, or ...
Manhattan Gold Sets Date and Timelines for 2026 AGM
Sep 10, 2026
Manhattan Gold Corporation Limited has scheduled its 2026 Annual General Meeting for 6 November 2026, with full meeting details, participation instructions, and proxy materials to be provided to shareholders and published on the ASX platform and t...
Manhattan Gold Updates Director Gavin Rezos’s Shareholdings After Performance Rights Conversion
Aug 31, 2026
Manhattan Gold Corporation Limited has reported a change in director Gavin Rezos’s interests, following the conversion of performance rights into ordinary shares. The director’s holdings, held indirectly through Vivien Enterprises Pte ...
Manhattan Gold Issues New Tranche of Unquoted Performance Rights and Options
Aug 28, 2026
Manhattan Gold Corporation has notified the market of the issue of 5,000,000 performance rights and 7,000,000 unlisted options, all unquoted securities that will not be listed on the ASX. The new instruments, recorded under a fresh security class,...
Manhattan Gold Issues New Shares and Lodges Section 708A Cleansing Notice
Aug 28, 2026
Manhattan Gold Corporation Limited has expanded its share capital with the issue of 56 million fully paid ordinary shares following the exercise of vested performance rights and a further 2.5 million shares as remuneration for services. The newly ...
Manhattan Gold Seeks ASX Quotation for 56 Million New Shares
Aug 28, 2026
Manhattan Gold Corporation has applied to the ASX for quotation of 56 million new ordinary fully paid shares under its code MHC. The shares, issued on 28 August 2026 following the exercise of options or conversion of other securities, will expand ...
Manhattan Gold Seeks ASX Quotation for 2.5 Million New Shares
Aug 28, 2026
Manhattan Gold Corporation has applied to the ASX for quotation of 2.5 million new ordinary fully paid shares, to be issued on 28 August 2026. The additional securities, previously flagged in an Appendix 3B, will modestly expand the company’...
Manhattan Gold Plans Multi-Class Securities Issue on ASX
Aug 27, 2026
Manhattan Gold Corporation Limited has announced a proposed issue of new securities on the ASX, including 2,500,000 ordinary fully paid shares, 5,000,000 performance rights and a total of 7,000,000 unlisted options. The issue is structured as a pl...
Manhattan Gold Extends High-Grade Jaws Discovery at Hook Lake
Aug 26, 2026
Manhattan Gold Corporation has reported a second batch of strong assay results from the Jaws gold target at its Hook Lake Project in Nunavut. Four new drillholes have intersected multiple broad zones of gold mineralisation, including high-grade in...
Manhattan Gold Seeks Trading Halt Ahead of Hook Lake Assay Results
Aug 18, 2026
Manhattan Gold Corporation Limited has requested and received a voluntary trading halt on its securities from the ASX, effective 19 August 2026. The halt will remain in place until either the commencement of normal trading on Friday, 21 August 202...
Novo Resources advances Tibooburra gold exploration with JV-backed drill program
Jul 29, 2026
Novo Resources has outlined its H2 2026 exploration plans at the Tibooburra Gold Project in New South Wales, where it is advancing work through a farm-in and joint venture with Manhattan Gold Corporation and Awati Resources alongside newly granted...
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.