MGX
MGXRES FPO [MGX]
Basic Materials · ASX Small Cap
$0.3750 +5.6%
Updated 3 Sep 2026 · Signals refresh every scan
Appeared in 2 consecutive scansFirst seen: 2026-03-04
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Active Signals
Bullish Signals
- MACD momentum is picking up steam
- Trading above both moving averages — the trend is your friend here
- Knocking on the door of resistance — if it punches through, things could get interesting
- Beating the Small Ords index — relative strength of 1.13, so it's outpacing the pack
- Strong cash runway (76 quarters)
- Low P/S ratio (2.1x)
- Revenue in sharp decline (-67%)
- EPS estimates revised upward (+10pts)
- CANSLIM A: Turned profitable
- CANSLIM S: Tight float (32%)
- CANSLIM I: Institutional ownership (55%)
- Turned profitable (NPAT positive from results)
- Sentiment is mixed — no strong consensus either way
- Earnings are trending the right way — 2 consecutive improvements
- AUD/USD strong (-2pts)
- RBA hiking (-3pts)
Risk Signals
- Below the 200-day average — the long-term trend is still working against it
- Piotroski F-Score weak (3/9, low-confidence approx)
- Negative profit margins (-15%)
- Not enough chatter to gauge sentiment — defaulting to neutral
- Revenue declining at -67% — the top line is shrinking
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Recent Catalysts
LOW MGX Mining the Territory Conference
NONE Groundrush Decline Agreement Signed
NONE Groundrush decline agreement signed
NONE Financial Results for 2025/2026 Financial Year
Recent ASX Announcements
| 2026-09-02 | MGX Mining the Territory Conference |
| 2026-08-30 | Groundrush Decline Agreement Signed PRICE SENSITIVE |
| 2026-08-30 | Groundrush decline agreement signed PRICE SENSITIVE |
| 2026-08-20 | Financial Results for 2025/2026 Financial Year PRICE SENSITIVE |
| 2026-08-20 | FY2026 Appendix 4E and Statutory Financials PRICE SENSITIVE |
Key Metrics
$436.8M
Market Cap
400K
Avg Volume
1.4x
Vol Ratio
$0.32 — $0.49
52-Week Range
0.0%
Short Interest
N/A
Cash Runway
-6.9%
ROE
-14.8%
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | improving | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | pass | Float: 32% |
| L | Leader vs Laggard | pass | RS: 6 |
| I | Institutional Sponsorship | pass | Inst: 55% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
537 tickers in this sector
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