39LOW

MGU

MAG MINING FPO [MGU]
Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties in Australia and the United States. The company's flagship project includes the Buena Vista magnetite iron ore project located in Nevada, United States. Magnum Mining and Exploration Limited was incorporated in 1986 and is based in Melbourne, Australia.
Basic Materials · ASX Small Cap
$0.0050 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical48
Catalyst34
Sentiment50
Fundamental64
Momentum49
Risk Gate27
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Active Signals

Bullish Signals

  • MACD just crossed bullish — momentum is shifting to the upside
  • Volume surging at 2.8x normal while price falls — heavy selling pressure
  • Beating the Small Ords index — relative strength of 1.12, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Adequate cash runway (8 quarters)
  • Very high P/S ratio (149.6x)
  • Near 52-week low (20% of range)
  • Micro-cap ($5-20M) - high risk
  • Director on-market buying (1 transactions)
  • CANSLIM S: Tight float (32%)
  • Sentiment is mixed — no strong consensus either way
  • Altman Z-Score distress zone (1.77 < 1.81, low-confidence approx)
  • Penny stock risk ($0.005)
  • Beneish M-Score 17.44 > -1.78: likely earnings manipulation
  • Commodity (Silver): strong_down (-5pts)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, 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 (-0.39%/day)
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE MULTIPLE ASSAYS EXCEED 100g/t AU & UP TO 18.35% CU
NONE EXTENSIVE AUGER DRILLING TO FOLLOW-UP IAC DISCOVERY
NONE MULTIPLE CONTINUOUS MINERALISED TRENDS DEFINED AT PARKER
NEGATIVE Trading Halt

Recent ASX Announcements

2026-03-24 MULTIPLE ASSAYS EXCEED 100g/t AU & UP TO 18.35% CU PRICE SENSITIVE
2026-03-22 Trading Halt PRICE SENSITIVE
2026-03-18 EXTENSIVE AUGER DRILLING TO FOLLOW-UP IAC DISCOVERY PRICE SENSITIVE
2026-03-11 MULTIPLE CONTINUOUS MINERALISED TRENDS DEFINED AT PARKER PRICE SENSITIVE
2026-03-09 Initial Director's Interest Notice- AV

Key Metrics

$16.1M
Market Cap
8.7M
Avg Volume
2.8x
Vol Ratio
$0.00 — $0.01
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-16.0%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 32%
LLeader vs LaggardlaggardRS: 0
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #481 of 558 · Sector avg: 46

View all Basic Materials signals →
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SLS 62CUF 59ELV 58RAG 58ITM 58
Compare:MGU vs SLSMGU vs CUFMGU vs ELV
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