Want to see AU:MKR full AI Analyst Report?
Top Page
Manuka Resources Ltd
(Sydney:MKR)
Select Model
Select Model
Rating:44Neutral
Price Target:
AU$0.06
▼(-37.78% Downside)
Action:Upgraded
Date:10/01/26
The score is primarily weighed down by weak financial performance: zero revenue in 2025–2026, persistent losses, and significant ongoing cash burn. Technicals add further pressure as the stock trades below all key moving averages with negative MACD. Valuation provides limited offset because the negative P/E reflects losses and no dividend yield is available to support the profile.
Positive Factors
Equity recovery
The rebound in equity during 2026 reduced the extreme leverage seen during the 2025 stress period and improved the company’s reported balance-sheet position. Although leverage remains material, this recovery provides a stronger capital base than the prior-year trough over the medium term.
Negative Factors
Zero recent revenue
Revenue of zero in 2025–2026 indicates that the company currently lacks operating inflows to support its cost base or fund development internally. Without a demonstrated return to revenue generation, near-term earnings visibility remains weak and recovery depends on restarting operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity recovery
The rebound in equity during 2026 reduced the extreme leverage seen during the 2025 stress period and improved the company’s reported balance-sheet position. Although leverage remains material, this recovery provides a stronger capital base than the prior-year trough over the medium term.
Read all positive factors
Manuka Resources Ltd (MKR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$104.33M
Dividend YieldN/A
Average Volume (3M)10.76M
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS Growth-7.77%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,798,732,700
10 Day Avg. Volume9,129,781
30 Day Avg. Volume10,756,755
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)4.06
Price to Sales (P/S)0.00
P/FCF Ratio-3.69
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
Manuka Resources Ltd Business Overview & Revenue Model
Company Description
Manuka Resources Limited (MKR.AX) is an Australian enterprise primarily engaged in identifying and advancing gold and silver deposits. The company's business activities are structured across two main divisions: Exploration and Operations. Its asse...
How the Company Makes Money
null...
Manuka Resources Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 15.20M | 9.90M | 53.27M |
| Gross Profit | -432.31K | -655.77K | -6.74M | -15.46M | 12.03M |
| EBITDA | -18.46M | -6.38M | -9.42M | -20.75M | 11.35M |
| Net Income | -28.09M | -16.88M | -18.23M | -26.34M | 5.28M |
Balance Sheet | |||||
| Total Assets | 93.57M | 59.40M | 61.14M | 61.51M | 41.60M |
| Cash, Cash Equivalents and Short-Term Investments | 7.85M | 968.64K | 2.13M | 265.83K | 1.35M |
| Total Debt | 46.50M | 40.72M | 28.53M | 25.04M | 13.50M |
| Total Liabilities | 69.25M | 57.10M | 44.13M | 41.56M | 28.02M |
| Stockholders Equity | 24.32M | 2.30M | 17.01M | 19.94M | 13.57M |
Cash Flow | |||||
| Free Cash Flow | -26.74M | -5.46M | -8.65M | -15.79M | -527.43K |
| Operating Cash Flow | -26.12M | -5.20M | -7.23M | -14.52M | 8.35M |
| Investing Cash Flow | -12.66M | -84.99K | -1.33M | -1.21M | -8.56M |
| Financing Cash Flow | 45.66M | 4.13M | 10.42M | 14.83M | 352.54K |
Manuka Resources Ltd Technical Analysis
Negative
0.09
Price Trends
0.07
Negative
0.08
Negative
0.10
Negative
Market Momentum
>-0.01
Negative
38.99
Neutral
20.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MKR, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.99 is Neutral, neither overbought nor oversold. The STOCH value of 20.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MKR.
Manuka Resources 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$122.34M | -90.52 | -3.59% | ― | ― | 61.54% | |
44 Neutral | AU$104.33M | -2.61 | -118.73% | ― | ― | -7.77% | |
44 Neutral | AU$87.78M | -8.67 | -18.80% | ― | ― | -133.33% | |
42 Neutral | AU$92.21M | -22.56 | -18.77% | ― | ― | 50.30% |
* Basic Materials Sector Average
AU:MKR
Manuka Resources Ltd
0.06
>-0.01
-12.12%
AU:G50
Gold 50 Ltd.
0.37
-0.01
-2.63%
AU:FXG
Felix Gold Ltd.
0.17
-0.44
-72.36%
AU:SHN
Sunshine Gold Ltd
0.03
0.01
54.55%
AU:MPK
Many Peaks Gold Ltd.
1.00
0.11
12.36%
AU:VAL
Valiant Gold Limited
0.28
-0.02
-8.33%
Manuka Resources Ltd Corporate Events
Manuka Resources Books First Gold Revenues as Wonawinta Ramp-Up Advances
Oct 1, 2026
Manuka Resources has recorded its first gold revenues from the restarted Wonawinta processing plant, marking a key milestone in recommissioning and ramping up production. The plant has delivered over five weeks of consistent processing of Mt Boppy...
Manuka Resources Details Governance Structure in 2026 Annual Report
Sep 30, 2026
Manuka Resources has released its annual report for the year ended 30 June 2026, outlining its corporate structure and governance framework. The report details the company’s directors, key management, and professional advisers, underscoring ...
Manuka Resources Outlines 2026 Governance Compliance and Gaps
Sep 30, 2026
Manuka Resources has detailed its 2026 corporate governance arrangements, confirming broad alignment with the ASX Corporate Governance Council’s latest principles while explaining a governance model tailored to its scale. The framework is an...
Manuka Resources updates ASX-aligned corporate governance framework
Sep 30, 2026
Manuka Resources Limited is an Australia-listed resources firm active in the mining sector. Its operations are governed by ASX listing rules and corporate governance standards that help frame board oversight, management responsibilities and invest...
Manuka Resources Seeks ASX Quotation for 4.8 Million New Shares
Sep 28, 2026
Manuka Resources Ltd., an ASX-listed resources company trading under the code MKR, has expanded its pool of ordinary fully paid shares available to investors. The issuance reflects the company’s ongoing use of equity markets to support its a...
Manuka Resources Raises A$334,055 Through Share Purchase Plan
Sep 25, 2026
Manuka Resources Limited has concluded a Share Purchase Plan offering its Australian and New Zealand shareholders the chance to acquire additional shares at set issue prices tailored to each market. The new equity issuance is structured so that th...
Manuka Resources Reshapes Leadership to Drive Precious Metals Optimisation
Sep 1, 2026
Manuka Resources has restructured its leadership team at the Wonawinta precious metals project, appointing experienced metallurgist Dieter Engelhardt as Group Metallurgist and Manager, Strategic Projects. Engelhardt, previously Operations Manager,...
Manuka Resources Reports Cessation of 3.65 Million Convertible Notes
Aug 25, 2026
Manuka Resources Ltd. has notified the ASX of the cessation of 3,650,000 MKRAAC convertible notes, effective 31 July 2025. The cessation alters the company’s issued capital structure, signaling a shift in its funding or debt profile that may...
Manuka Resources Restarts Gold Output at Wonawinta, Plans Silver Shift by 2026
Aug 20, 2026
Manuka Resources has restarted gold production at its Wonawinta processing facility in New South Wales, using ore from its 100%-owned Mt Boppy gold mine. More than 50,000 tonnes of Mt Boppy material are already stockpiled, with the company targeti...
Manuka Resources clarifies restructuring of major shareholder’s holdings
Jul 2, 2026
Manuka Resources has disclosed changes in the indirect shareholding structure of executive chairman Dennis Karp following a series of internal transactions at major shareholder ResCap Investments Pty Ltd. ResCap has completed an in-specie distribu...
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.