MGX

MGXRES FPO [MGX]
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in the treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.3450 +0.0%

Updated 22 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Watch out — volume is flowing out even as price holds up. Distribution pattern
  • Cash positive / operating cashflow positive
  • 4C filed 2026-07-19
  • Low P/S ratio (1.3x)
  • EPS estimates revised upward (+10pts)
  • Near 52-week low (14% of range)
  • Substantial holder(s) ceased (1)
  • CANSLIM A: Turned profitable
  • CANSLIM S: Tight float (32%)
  • CANSLIM I: Institutional ownership (54%)
  • Sentiment is mixed — no strong consensus either way
  • Earnings are trending the right way — 2 consecutive improvements
  • RBA hiking (-3pts)
  • Calendar: Quarterly Activities in 2d (+3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Revenue declining (-8%)
  • Negative profit margins (-10%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • The bigger volume days are the down days — volume-weighted momentum is negative (-0.45%/day)
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Recent Catalysts

LOW MGX Noosa Mining Investor Conference Presentation
NONE Quarterly Activities Report
NONE Agreement to Divest the Koolan Island Iron Ore Operation
HIGH Ceasing to be a substantial holder from MGX

Recent ASX Announcements

2026-07-19 MGX Noosa Mining Investor Conference Presentation
2026-07-19 Quarterly Activities Report PRICE SENSITIVE
2026-06-10 Agreement to Divest the Koolan Island Iron Ore Operation PRICE SENSITIVE
2026-05-27 Ceasing to be a substantial holder from MGX

Key Metrics

$407.2M
Market Cap
746K
Avg Volume
1.0x
Vol Ratio
$0.32 — $0.49
52-Week Range
0.1%
Short Interest
N/A
Cash Runway
-7.0%
ROE
-9.9%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsimprovingCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 32%
LLeader vs LaggardlaggardRS: -6
IInstitutional SponsorshippassInst: 54%
MMarket DirectionneutralNeutral

Sector: Basic Materials

506 tickers in this sector

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