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Manhattan Corporation (MHC) AI Stock Analysis
Manhattan Corporation
(ASX:MHC)
The overall score is low, primarily driven by extremely weak financial performance characterized by minimal revenue, widening losses, and heavy cash burn despite a debt-free balance sheet. Secondary pressure comes from bearish technical signals, with the price trading below all key moving averages and momentum indicators in oversold territory. Valuation adds further risk, as the negative P/E ratio and absence of dividend yield mean the stock lacks support from earnings or income and is largely a speculative exposure.
Manhattan Corporation (MHC) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 9.63M
- Dividend Yield
- ―
- Average Volume (3M)
- 2.48M
- Price to Earnings (P/E)
- -1.0
- Beta (1Y)
- 1.14
- Revenue Growth
- ―
- EPS Growth
- -310.26%
- Country
- Australia
- Employees
- 1
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
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 deposit...
Manhattan Corporation Financial Statement Overview
Summary
Financial performance is very weak, with almost no revenue, large and growing operating and net losses, and persistently negative operating and free cash flow, partially offset by a debt-free balance sheet funded by shareholder equity.
Income Statement
10Very NegativeBalance Sheet
62PositiveCash Flow
12Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 20.33K | 0 | 0 | 0 |
| Gross Profit | -10.05K | -10.05K | 20.33K | -24.06K | -25.48K | -35.31K |
| EBITDA | -4.82M | -4.82M | -818.21K | -1.60M | -730.03K | -500.72K |
| Net Income | -8.90M | -8.90M | -923.35K | -1.63M | -755.51K | -536.02K |
Balance Sheet | ||||||
| Total Assets | 14.36M | 14.36M | 13.16M | 12.56M | 14.03M | 7.82M |
| Cash, Cash Equivalents and Short-Term Investments | 2.01M | 2.01M | 1.86M | 1.85M | 4.34M | 2.18M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.31M | 1.31M | 147.69K | 230.23K | 107.31K | 308.68K |
| Stockholders Equity | 13.06M | 13.06M | 13.02M | 12.33M | 13.92M | 7.51M |
Cash Flow | ||||||
| Free Cash Flow | -3.45M | -3.45M | -881.37K | -2.49M | -2.08M | -2.05M |
| Operating Cash Flow | -3.37M | -3.37M | -881.37K | -681.18K | -673.04K | -425.40K |
| Investing Cash Flow | -261.66K | -261.66K | -726.63K | -1.81M | -1.38M | -1.62M |
| Financing Cash Flow | 3.92M | 3.92M | 1.62M | 7,011 | 4.22M | 6.04M |
Manhattan Corporation Technical Analysis
Price Trends
Market Momentum
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 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 32.05 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 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
Overall Rating
AU:TG144Neutral
AU:MHC42Neutral
AU:ERL41Neutral
AU:SCN37Underperform
AU:PGM36Underperform
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% |
| 44Neutral | AUD 4.36M | -1.95 | -14.71% | ― | ― | 70.07% | |
| 42Neutral | AUD 14.21M | -0.97 | -64.43% | ― | ― | -310.26% | |
| 41Neutral | AUD 16.70M | -11.43 | -370.82% | ― | ― | -50.00% | |
| 37Underperform | AUD 7.59M | -3.04 | -68.97% | ― | ― | 46.51% | |
| 36Underperform | AUD 14.50M | -3.89 | -26.60% | ― | ― | 14.29% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:MHC | Manhattan Corporation Ltd | 0.01 | -0.01 | -44.44% | |
| AU:PGM | Platina Resources Limited | 0.02 | -0.01 | -25.00% | |
| AU:ERL | Empire Resources Limited | 0.01 | 0.00 | 0.00% | |
| AU:SCN | Scorpion Minerals Limited | 0.01 | -0.01 | -46.15% | |
| AU:TG1 | Techgen Metals Ltd. | 0.01 | -0.02 | -65.52% |
Manhattan Corporation Corporate Events
Manhattan Gold Outlines District-Scale Exploration Focus and Reporting Caveats
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 ongo...
Novo advances Tibooburra drilling and cements joint venture in Albert Goldfield
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 slate...
Manhattan Gold Advances Hook Lake Drilling and Bolsters Funding for 2027 Program
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-grad...
Manhattan Gold Plans Modest Share Placement on ASX
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 ca...
Manhattan Gold Plans New Share Placement to Raise Capital
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 additional...
Manhattan Gold Sets November 2026 AGM and Seeks Shareholder Backing on Pay Report
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 June...
Manhattan Gold Opens Online Access to AGM Documents and Voting
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, an...
Manhattan Gold Corporation Lodges Updated ASX Governance Disclosures
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 accompanying...
Manhattan Gold Extends Jaws Strike to 1.25km on Strong Nunavut Drill Results
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 fro...
Manhattan Gold Issues 168 Million Shares in First Tranche Placement
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 shares w...
Manhattan Gold Seeks ASX Quotation for 51.2 Million New Shares
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 increase...
Manhattan Gold Seeks ASX Quotation for 116.8 Million New Shares
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
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 place...
Manhattan Gold Plans Major Share Placement to Fund Growth
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 capita...
Manhattan Gold raises A$4.5m to drive Hook Lake drilling campaign
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 progr...
Manhattan Gold Seeks Trading Halt Ahead of Material Capital Raising
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 the...
Manhattan Gold Sets Date and Timelines for 2026 AGM
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 the...
Manhattan Gold Updates Director Gavin Rezos’s Shareholdings After Performance Rights Conversion
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 Ltd...
Manhattan Gold Issues New Tranche of Unquoted Performance Rights and Options
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, su...
Manhattan Gold Issues New Shares and Lodges Section 708A Cleansing Notice
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 iss...
Manhattan Gold Seeks ASX Quotation for 56 Million New Shares
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 the...
Manhattan Gold Seeks ASX Quotation for 2.5 Million New Shares
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’s s...
Manhattan Gold Plans Multi-Class Securities Issue on ASX
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 place...
Manhattan Gold Extends High-Grade Jaws Discovery at Hook Lake
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 inter...
Manhattan Gold Seeks Trading Halt Ahead of Hook Lake Assay Results
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 2026 o...
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: Sep 30, 2026