52MEDIUM

NMG

NEWMURCH FPO [NMG]
New Murchison Gold Limited engages in the mineral exploration activities in Australia. The company primarily explores for gold. Its flagship property is the Garden Gully property consisting of 677 square kilometers tenure package located in the Abbotts Greenstone Belt north of Meekatharra. The company was formerly known as Ora Gold Limited and changed its name to New Murchison Gold Limited in November 2024. New Murchison Gold Limited was incorporated in 2003 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0430 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Appeared in 2 consecutive scans→ Score +9First seen: 2026-02-25

Score Breakdown

Technical45
Catalyst50
Sentiment50
Fundamental90
Momentum81
Risk Gate45
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Volume surging at 2.1x normal while price falls — heavy selling pressure
  • Lagging the Small Ords index — relative strength of 0.73, underperforming its peers
  • Trading above the 200-day average — the long-term trend is on your side
  • Strong cash runway (21 quarters)
  • Large director buy detected (1 significant transactions)
  • New substantial holder(s) (1)
  • CANSLIM A: Turned profitable
  • Healthy profit margins (27%)
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 288% over the past year (excluding last month)
  • Excellent risk-adjusted returns — Sharpe of 1.8 means strong gains without wild swings
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.68%/day)
  • Low-priced stock risk ($0.043)
  • RBA hiking (-3pts)

Risk Signals

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

NONE Results of Annual General Meeting
NONE Chairman's Address to Annual General Meeting
NONE Change of Director's Interest Notice X 2
LOW CEO Presentation to RIU Conference
HIGH Becoming a substantial holder

Recent ASX Announcements

2026-02-27 Results of Annual General Meeting
2026-02-27 Chairman's Address to Annual General Meeting
2026-02-17 CEO Presentation to RIU Conference
2026-02-12 Becoming a substantial holder
2026-02-05 Change of Director's Interest Notice X 2

Key Metrics

$467.2M
Market Cap
33.7M
Avg Volume
2.1x
Vol Ratio
$0.01 — $0.08
52-Week Range
0.0%
Short Interest
N/A
Cash Runway
13.3%
ROE
26.7%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsimprovingCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 57%
LLeader vs LaggardlaggardRS: -3
IInstitutional SponsorshipweakInst: 6%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #69 of 558 · Sector avg: 46

View all Basic Materials signals →
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