MGT
MAGNETITE FPO [MGT]
Basic Materials · ASX Small Cap
$0.0380 -1.3%
Updated 26 Mar 2026 · Scores refresh every scan
Score Breakdown
Technical41
Catalyst35
Sentiment50
Fundamental41
Momentum30
Risk Gate37
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Active Signals
Bullish Signals
- RSI drifting toward oversold territory — worth watching
- MACD momentum is picking up steam
- Drifting lower — down 5.0% over the last 5 days
- Lagging the Small Ords index — relative strength of 0.86, underperforming its peers
- Adequate cash runway (5 quarters)
- Very high P/S ratio (25400.0x)
- Near 52-week low (1% of range)
- Micro-cap ($5-20M) - high risk
- Rights issue announced - significant dilution
- Sentiment is mixed — no strong consensus either way
- This one has been in freefall — down 50% over the past year
- Altman Z-Score distress zone (1.15 < 1.81, low-confidence approx)
- Low-priced stock risk ($0.039)
- Commodity (Iron Ore): strong_down (-5pts)
- 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
- Piotroski F-Score weak (2/9, low-confidence approx)
- Not enough chatter to gauge sentiment — defaulting to neutral
- The bigger volume days are the down days — volume-weighted momentum is negative (-0.79%/day)
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts
NONE Green Iron SA Advances Port Pirie Iron Ore Export Concept
NONE Correction to ASX Announcement
NONE Renounceable Rights Issue Closing
NEGATIVE Security Class Suspension from Quotation - MGTOG
Recent ASX Announcements
| 2026-03-22 | Green Iron SA Advances Port Pirie Iron Ore Export Concept PRICE SENSITIVE |
| 2026-03-20 | Correction to ASX Announcement |
| 2026-03-19 | Renounceable Rights Issue Closing |
| 2026-03-18 | Manna Hill Gold Project Tenement Granted PRICE SENSITIVE |
| 2026-03-18 | Security Class Suspension from Quotation - MGTOG PRICE SENSITIVE |
Key Metrics
$7.6M
Market Cap
746K
Avg Volume
1.0x
Vol Ratio
$0.04 — $0.29
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-10.0%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | neutral | Float: 80% |
| L | Leader vs Laggard | laggard | RS: -7 |
| I | Institutional Sponsorship | insufficient_data | Inst: 0% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #552 of 558 · Sector avg: 46
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