53MEDIUM

MGX

MGXRES FPO [MGX]
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in the treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.3700 -2.6%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical32
Catalyst50
Sentiment50
Fundamental80
Momentum77
Risk Gate50
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Volume surging at 2.2x normal while price falls — heavy selling pressure
  • Lagging the Small Ords index — relative strength of 0.87, underperforming its peers
  • Cash positive / operating cashflow positive
  • Low P/S ratio (1.4x)
  • EPS estimates revised upward (+10pts)
  • CANSLIM S: Tight float (32%)
  • CANSLIM I: Institutional ownership (54%)
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 64% over the past year (excluding last month)
  • Earnings are trending the right way — 2 consecutive improvements
  • 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
  • Revenue declining (-8%)
  • Negative profit margins (-10%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

LOW Presentation to Mining News Conference
LOW Investor Presentation
NONE Appendix 3C Final buy back notice
NONE December 2025 Half-Year Financial Results
NONE December 2025 Appendix 4D and Half-Year Financial Statements

Recent ASX Announcements

2026-03-09 Presentation to Mining News Conference
2026-02-19 Appendix 3C Final buy back notice
2026-02-18 December 2025 Half-Year Financial Results PRICE SENSITIVE
2026-02-18 December 2025 Appendix 4D and Half-Year Financial Statements PRICE SENSITIVE
2026-02-16 Investor Presentation PRICE SENSITIVE

Key Metrics

$439.1M
Market Cap
852K
Avg Volume
2.2x
Vol Ratio
$0.26 — $0.49
52-Week Range
0.0%
Short Interest
N/A
Cash Runway
-7.0%
ROE
-9.9%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 32%
LLeader vs LaggardlaggardRS: -4
IInstitutional SponsorshippassInst: 54%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #50 of 558 · Sector avg: 46

View all Basic Materials signals →
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