MGT
MAGNETITE FPO [MGT]
Basic Materials · ASX Small Cap
$0.0260 -3.7%
Updated 2 Jun 2026 · Signals refresh every scan
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Active Signals
Bullish Signals
- RSI drifting toward oversold territory — worth watching
- Stochastic is deep in oversold territory — bounce conditions forming
- Sitting near support — this level has held before and could attract buyers again
- Drifting lower — down 7.1% over the last 5 days
- Adequate cash runway (5 quarters)
- Very high P/S ratio (19611.0x)
- Near 52-week low (0% of range)
- Micro-cap ($5-20M) - high risk
- Sentiment is mixed — no strong consensus either way
- This one has been in freefall — down 67% over the past year
- Altman Z-Score distress zone (0.62 < 1.81, low-confidence approx)
- Low-priced stock risk ($0.026)
- Commodity (Iron Ore): strong_up (+7pts)
- RBA hiking (-3pts)
- Overseas risk_on (+1pts, S&P500 up, VIX 16)
Risk Signals
- MACD crossed bearish — momentum is fading
- 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
- The bigger volume days are the down days — volume-weighted momentum is negative (-1.71%/day)
Recent Catalysts
NONE Results of EGM
NONE Chair's address to the EGM
NONE Manna Hill Desktop Review Identifies Historic Gold Targets
Recent ASX Announcements
| 2026-05-29 | Results of EGM |
| 2026-05-28 | Chair's address to the EGM |
| 2026-05-26 | Manna Hill Desktop Review Identifies Historic Gold Targets |
| 2026-05-26 | Appendix 3X - Scott Lowe |
| 2026-05-26 | Appendix 3Z - Final Director's Interest Notice - Tim Dobson |
Key Metrics
$5.9M
Market Cap
471K
Avg Volume
1.3x
Vol Ratio
$0.03 — $0.29
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-10.0%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | neutral | Float: 71% |
| L | Leader vs Laggard | laggard | RS: -48 |
| I | Institutional Sponsorship | insufficient_data | Inst: 0% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
547 tickers in this sector
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