NMG

NEWMURCH FPO [NMG]
New Murchison Gold Limited engages in the mineral exploration activities in Australia. The company primarily explores for gold. Its flagship property is the Garden Gully property consisting of 677 square kilometers tenure package located in the Abbotts Greenstone Belt north of Meekatharra. The company was formerly known as Ora Gold Limited and changed its name to New Murchison Gold Limited in November 2024. New Murchison Gold Limited was incorporated in 2003 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0760 +1.3%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-09
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Active Signals

Bullish Signals

  • 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 1.39, so it's outpacing the pack
  • Trading above the 200-day average — the long-term trend is on your side
  • Cash positive / operating cashflow positive
  • Low P/S ratio (3.8x)
  • Piotroski F-Score strong (7/9, low-confidence approx)
  • Near 52-week high (98% of range)
  • Capital raise activity (1 events)
  • CANSLIM A: Turned profitable
  • CANSLIM N: Near 52-week high (breakout territory)
  • Strong return on equity (116%)
  • Healthy profit margins (58%)
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 70% over the past year (excluding last month)
  • Excellent risk-adjusted returns — Sharpe of 1.7 means strong gains without wild swings
  • The bigger volume days are the up days — volume-weighted momentum is positive (1.92%/day)
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • RSI is running hot — overbought territory, so expect some pullback risk
  • Stochastic is stretched into overbought — could need a breather
  • Not enough chatter to gauge sentiment — defaulting to neutral
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Recent Catalysts

NONE Cleansing Notice under section 708A
NONE Application for quotation of securities - NMG
NONE Application for quotation of securities - NMG

Recent ASX Announcements

2026-08-14 Cleansing Notice under section 708A
2026-08-14 Application for quotation of securities - NMG
2026-08-14 Application for quotation of securities - NMG
2026-08-14 Cancel - Notification regarding unquoted securities - NMG
2026-08-14 Cancel - Notification regarding unquoted securities - NMG

Key Metrics

$826.5M
Market Cap
25.3M
Avg Volume
1.3x
Vol Ratio
$0.02 — $0.08
52-Week Range
N/A
Short Interest
N/A
Cash Runway
116.5%
ROE
57.8%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSneutralEPS Growth: 0%
AAnnual EarningsimprovingCAGR: 0%
NNew Highs / CatalystspassNear 52w High
SSupply & DemandneutralFloat: 50%
LLeader vs LaggardpassRS: 50
IInstitutional SponsorshipweakInst: 6%
MMarket DirectionneutralNeutral

Sector: Basic Materials

537 tickers in this sector

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