51MEDIUM

HMX

HAMMER FPO [HMX]
Hammer Metals Limited engages in the exploration and extraction of mineral resources in Australia. It explores for iron oxide, copper, cobalt, and gold deposits, as well as for molybdenum ores. The company holds 100% interests in the Mount Isa project that comprise Kalman, Overlander North and Overlander South, the Lakeview, and the Elaine deposits covering an area of approximately 3000 square kilometers within the Mount Isa mining district, as well as a 51% interest in the Jubilee deposit. It also holds a 100% interest in the Bronzewing South gold project covering approximately 290 square kilometers of tenements located in the Yandal Belt of Western Australia. The company was formerly known as Midas Resources Limited and changed its name to Hammer Metals Limited in April 2014. Hammer Metals Limited was incorporated in 2000 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0320 -3.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical38
Catalyst51
Sentiment50
Fundamental70
Momentum72
Risk Gate45
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Lagging the Small Ords index — relative strength of 0.79, underperforming its peers
  • Strong cash runway (21 quarters)
  • Very high P/S ratio (111.4x)
  • Strong revenue growth (+53%)
  • Small-cap ($20-100M)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 25% over the past year
  • Revenue growing at +53% — the top line is moving in the right direction
  • The bigger volume days are the up days — volume-weighted momentum is positive (3.10%/day)
  • Low-priced stock risk ($0.033)
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Two Grants Awarded under Qld Government CEI Scheme
NONE Favourable alteration at Bullrush and Isa Valley
NONE Half Year Accounts

Recent ASX Announcements

2026-03-25 Two Grants Awarded under Qld Government CEI Scheme PRICE SENSITIVE
2026-03-19 Favourable alteration at Bullrush and Isa Valley PRICE SENSITIVE
2026-03-16 Half Year Accounts
2026-03-09 Mt Isa Update - Major Work at Kalman Critical Metals Deposit PRICE SENSITIVE
2026-02-03 Hammer Advances Orelia North Gold PRICE SENSITIVE

Key Metrics

$29.5M
Market Cap
587K
Avg Volume
1.0x
Vol Ratio
$0.02 — $0.05
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-6.2%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 65%
LLeader vs LaggardlaggardRS: 0
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #127 of 558 · Sector avg: 46

View all Basic Materials signals →
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