MHC

MANHATTAN FPO [MHC]
Manhattan Gold Corporation Limited engages in the exploration, development, and evaluation of mineral projects in Australia. It explores for gold, lithium, and uranium deposits. The company's flagship project is the Tibooburra gold project, which consists of 15 granted exploration licenses covering an area of approximately 2,200 square kilometers located north of Broken Hill in New South Wales. Manhattan Gold Corporation Limited is based in Perth, Australia.
Basic Materials · ASX Small Cap
$0.0240 +0.0%

Updated 23 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Volume surging at 3.2x normal while price climbs — real buying conviction behind this move
  • On a tear — up 20.0% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.14, so it's outpacing the pack
  • Adequate cash runway (6 quarters)
  • Revenue in sharp decline (-72%)
  • Micro-cap ($5-20M) - high risk
  • Capital raise activity (2 events)
  • Dilution velocity warning (2 raises recently)
  • CANSLIM S: Tight float (38%)
  • CANSLIM I: Institutional ownership (15%)
  • Sentiment is mixed — no strong consensus either way
  • The bigger volume days are the up days — volume-weighted momentum is positive (3.00%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Elevated dilution risk (2 recent capital raises)
  • Low-priced stock risk ($0.024)
  • RBA hiking (-3pts)
  • Dilution risk: technical breakout with recent capital raise

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)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Revenue declining at -72% — the top line is shrinking
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Recent Catalysts

NONE Proposed issue of securities - MHC
NONE Vanquish Prospect Delivers High-Grade Gold Sampling Results
NONE Notification regarding unquoted securities - MHC
Announcement tone +3pts

Recent ASX Announcements

2026-07-21 Proposed issue of securities - MHC
2026-07-20 Vanquish Prospect Delivers High-Grade Gold Sampling Results PRICE SENSITIVE
2026-07-15 Notification regarding unquoted securities - MHC
2026-07-15 Proposed issue of securities - MHC
2026-07-13 Results of Meeting

Key Metrics

$15.8M
Market Cap
877K
Avg Volume
3.2x
Vol Ratio
$0.02 — $0.03
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-43.8%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 38%
LLeader vs LaggardlaggardRS: 0
IInstitutional SponsorshippassInst: 15%
MMarket DirectionneutralNeutral

Sector: Basic Materials

505 tickers in this sector

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