50MEDIUM

WMG

WESTERNLTD FPO [WMG]
Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores for nickel sulphide, copper, lithium, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank Ni-Cu-PGE project comprising exploration license E39/2132, E39/2134, and E39/2223, and exploration license application E39/2299 covering an area approximately 425 square kilometers located in the east-northeast of Kalgoorlie, Western Australia. The company was incorporated in 2020 and is based in Subiaco, Australia.
Basic Materials · ASX Small Cap
$0.1900 -5.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical43
Catalyst59
Sentiment50
Fundamental62
Momentum61
Risk Gate47
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Smart money may be accumulating — volume is flowing in even though price hasn't moved yet
  • Took a hit — down 11.6% over the last 5 days
  • Strong cash runway (10 quarters)
  • 4C filed 2026-01-29
  • Very high P/S ratio (2084.3x)
  • Small-cap ($20-100M)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 32% over the past year
  • 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 (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

MEDIUM WMG Signs MoU to Supply Magnesite from Mulga Tank
NONE Half Year Financial Report to 31 December 2025
NONE WMG Company Presentation
NONE Mulga Tank Phase 5 Drilling Plans

Recent ASX Announcements

2026-03-25 WMG Signs MoU to Supply Magnesite from Mulga Tank PRICE SENSITIVE
2026-03-12 Half Year Financial Report to 31 December 2025
2026-02-08 WMG Company Presentation PRICE SENSITIVE
2026-02-08 Mulga Tank Phase 5 Drilling Plans PRICE SENSITIVE
2026-02-04 MTRC011 128m at 0.39% Ni inc. 36m at 0.50% Ni PRICE SENSITIVE

Key Metrics

$21.6M
Market Cap
119K
Avg Volume
0.3x
Vol Ratio
$0.10 — $0.34
52-Week Range
N/A
Short Interest
10 qtrs
Cash Runway
-23.2%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 69%
LLeader vs LaggardlaggardRS: -4
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #190 of 558 · Sector avg: 46

View all Basic Materials signals →
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