MDI

MIDDLE ISL FPO [MDI]
Middle Island Resources Limited engages in the identification, acquisition, and exploration of mineral assets in Australia. It explores for copper and gold. The company's flagship project is the Barkly project that comprises 16 exploration licenses covering an area of approximately 6,918 square kilometers located in the Barkly region of the Northern Territory. Middle Island Resources Limited was incorporated in 2010 and is headquartered in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0140 -17.6%

Updated 23 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Took a hit — down 17.6% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.13, so it's outpacing the pack
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Strong cash runway (8 quarters)
  • Very high P/S ratio (165.0x)
  • Strong revenue growth (+496%)
  • Near 52-week low (9% of range)
  • Micro-cap ($5-20M) - high risk
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 72% over the past year
  • Revenue growing at +496% — the top line is moving in the right direction
  • Altman Z-Score distress zone (1.70 < 1.81, low-confidence approx)
  • Penny stock risk ($0.017)
  • 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
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • The bigger volume days are the down days — volume-weighted momentum is negative (-0.91%/day)
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Recent Catalysts

NONE MDI Strengthens Serbian Leadership Team
NONE Drilling expands Large Gold Silver Base Metals System
NONE Bobija Drilling Expands Gold-Silver-Base Metal Footprint
Announcement tone +5pts

Recent ASX Announcements

2026-07-19 MDI Strengthens Serbian Leadership Team
2026-07-01 Drilling expands Large Gold Silver Base Metals System PRICE SENSITIVE
2026-06-02 Bobija Drilling Expands Gold-Silver-Base Metal Footprint PRICE SENSITIVE
2026-05-27 Resignation of CEO PRICE SENSITIVE

Key Metrics

$16.9M
Market Cap
1.5M
Avg Volume
0.3x
Vol Ratio
$0.01 — $0.07
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-11.6%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 78%
LLeader vs LaggardlaggardRS: -26
IInstitutional SponsorshipweakInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

505 tickers in this sector

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