HMX

HAMMER FPO [HMX]
Hammer Metals Limited engages in the exploration and extraction of mineral resources in Australia. It explores for iron oxide, copper, cobalt, and gold deposits, as well as for molybdenum ores. The company holds 100% interests in the Mount Isa project that comprise Kalman, Overlander North and Overlander South, the Lakeview, and the Elaine deposits covering an area of approximately 3000 square kilometers within the Mount Isa mining district, as well as a 51% interest in the Jubilee deposit. It also holds a 100% interest in the Bronzewing South gold project covering approximately 290 square kilometers of tenements located in the Yandal Belt of Western Australia. The company was formerly known as Midas Resources Limited and changed its name to Hammer Metals Limited in April 2014. Hammer Metals Limited was incorporated in 2000 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0630 -1.6%

Updated 22 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • Watch out — volume is flowing out even as price holds up. Distribution pattern
  • Drifting lower — down 8.7% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.23, so it's outpacing the pack
  • Trading above the 200-day average — the long-term trend is on your side
  • Strong cash runway (21 quarters)
  • Very high P/S ratio (216.1x)
  • Strong revenue growth (+53%)
  • Small-cap ($20-100M)
  • CANSLIM N: Near 52-week high (breakout territory)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 29% over the past year
  • Revenue growing at +53% — the top line is moving in the right direction
  • The bigger volume days are the up days — volume-weighted momentum is positive (3.73%/day)
  • RBA hiking (-3pts)
  • Calendar: Quarterly Activities in 7d (+5pts)

Risk Signals

  • MACD crossed bearish — momentum is fading
  • Not enough chatter to gauge sentiment — defaulting to neutral
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Recent Catalysts

NONE Mt Isa East Joint Venture Update
NONE Additional Assays Grow Outstanding Kalman Intercept
NONE LRV: Competing Proposal Response
Announcement tone +3pts

Recent ASX Announcements

2026-07-17 Mt Isa East Joint Venture Update
2026-07-13 Additional Assays Grow Outstanding Kalman Intercept PRICE SENSITIVE
2026-07-08 LRV: Competing Proposal Response PRICE SENSITIVE
2026-07-06 Non-Binding Indicative Proposal for Hammer Metals PRICE SENSITIVE
2026-07-06 Unsolicited, Non-binding Proposal from Austral Resources PRICE SENSITIVE

Key Metrics

$57.1M
Market Cap
4.2M
Avg Volume
0.9x
Vol Ratio
$0.02 — $0.07
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-6.2%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / CatalystspassNear 52w High
SSupply & DemandneutralFloat: 65%
LLeader vs LaggardpassRS: 43
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

506 tickers in this sector

View all Basic Materials signals →Browse all ASX tickers A–Z →
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