MGX
MGXRES FPO [MGX]
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
| 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 | laggard | RS: -6 |
| I | Institutional Sponsorship | pass | Inst: 54% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
506 tickers in this sector
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