Miramar Resources (ASX:M2R) - Stock Price, News & Analysis

M2R Stock Overview

Miramar Resources Limited engages in the exploration and evaluation of mining tenements in Australia.

M2R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$2M)

Makes less than USD$1m in revenue (A$0)

Earnings have declined by 32.4% per year over past 5 years

+ 1 more risk

Miramar Resources Limited Competitors

DiscovEx Resources

ASX:DCX

AU$6.6m

Avira Resources

ASX:AVW

AU$2.1m

Nelson Resources

ASX:NES

AU$1.8m

Kula Gold

ASX:KGD

AU$5.4m

Price History & Performance

Summary of all time highs, changes and price drops for Miramar Resources
Historical stock prices
Current Share Price	AU$0.01
52 Week High	AU$0.058
52 Week Low	AU$0.01
Beta	0.18
1 Month Change	-44.44%
3 Month Change	-58.33%
1 Year Change	-77.78%
3 Year Change	-95.12%
5 Year Change	n/a
Change since IPO	-97.59%

Recent updates

Shareholder Returns

	M2R	AU Metals and Mining	AU Market
7D	-9.1%	-0.7%	0.4%
1Y	-77.8%	-1.7%	6.0%

Return vs Industry: M2R underperformed the Australian Metals and Mining industry which returned -1.7% over the past year.

Return vs Market: M2R underperformed the Australian Market which returned 6% over the past year.

Price Volatility

Is M2R's price volatile compared to industry and market?
M2R volatility
M2R Average Weekly Movement	22.6%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: M2R's share price has been volatile over the past 3 months.

Volatility Over Time: M2R's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2019	n/a	n/a	www.miramarresources.com.au

Miramar Resources Limited engages in the exploration and evaluation of mining tenements in Australia. It primarily explores for gold, nickel, copper, and platinum group element deposits. The company holds interests in three underexplored gold projects, including the Gidji JV, Glandore, and Randalls located within the Eastern Goldfields region near Kalgoorlie in Western Australia; two projects covering under-explored greenstone belts, such as the Lang Well and Lakeside in Murchison region; and two projects comprising the Whaleshark and Bangemall in Gascoyne region in Western Australia.

Miramar Resources Limited Fundamentals Summary

How do Miramar Resources's earnings and revenue compare to its market cap?
M2R fundamental statistics
Market cap	AU$1.86m
Earnings (TTM)	-AU$2.02m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.9x

P/E Ratio

Is M2R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
M2R income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$2.02m
Earnings	-AU$2.02m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.011
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did M2R perform over the long term?

See historical performance and comparison

M2R Stock Overview

Rewards

Risk Analysis

Miramar Resources Limited Competitors

ASX:DCX

AU$6.6m

ASX:AVW

AU$2.1m

ASX:NES

AU$1.8m

ASX:KGD

AU$5.4m

Price History & Performance

Recent News & Updates

Miramar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.546609 million.

Miramar Resources Limited, Annual General Meeting, Nov 08, 2023

New major risk - Revenue and earnings growth

New major risk - Shareholder dilution

First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.01 loss in 1H 2022)

Miramar Resources Limited Completes an Initial Aircore Drilling Campaign At the Company's 100%-Owned Lang Well Project in the Murchison Region of WA

Recent updates

Miramar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.546609 million.

Miramar Resources Limited, Annual General Meeting, Nov 08, 2023

New major risk - Revenue and earnings growth

New major risk - Shareholder dilution

First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.01 loss in 1H 2022)

Miramar Resources Limited Completes an Initial Aircore Drilling Campaign At the Company's 100%-Owned Lang Well Project in the Murchison Region of WA

Miramar Resources Limited Announces Large Exploration Target Highlights Gidji JV Gold Potential

Miramar Resources Limited Announces Drilling Underway At Lang Well REE Target

Miramar Resources Limited Provides an Update on Nickel Exploration At Its 80%-Owned Gidji JV Project in the Eastern Goldfields of Western Australia

Miramar Resources Limited Announces Multiple Large REE Targets Identified at Dooley Downs

Miramar Resources Limited Announces High-Grade Gold Intersection Extends Glandore East

Miramar Resources Limited Announces Gold Intersect in Deepest Glandore East Hole

Miramar Resources Limited Provides PGE Results Highlight GIDJI JV Nickel Potential

Miramar Resources Limited Announces Diamond Drilling Intersected High-Grade Gold Mineralisation in Step-Out Hole at Glandore East

No independent directors

Miramar Resources Limited Announces Large REE Targets Identified at Dooley Downs

Miramar Resources Limited Announces Aircore Drilling Confirms IOCG Potential At Whaleshark

Miramar Resources Limited Announces Glandore East Assays Confirm More High-Grade Gold

Miramar Resources Limited, Annual General Meeting, Nov 03, 2022

Full year 2022 earnings released

Miramar Resources Limited Announces Identification of Multiple Large Rare Earth Element (REE) Targets At the Lang Well Project in the Murchison Region of WA

Miramar Resources Limited Announces Diamond Drilling Recommences At Glandore

Miramar Resources Limited Advises the First Diamond Drill Hole Completed At the Glandore Project

Miramar Resources Limited Announces Aircore Drilling Drilling Underway At Whaleshark Copper-Gold Project

Miramar Resources Limited Commences Diamond Drilling At its 100%-Owned Glandore Project

Miramar Resources Limited Reports Further Significant Drill Results from Its 80%-Owned Gidji JV Project

Miramar Resources Limited Reports Further High-Grade Gold Results from Gidji JV Project

Miramar Resources Limited Receives Multiple Significant New Results, Including Several High-Grade Gold Assays, from Aircore Drilling at 80%-Owned Gidji JV Project in the Eastern Goldfields of WA

Miramar Resources Limited Provides an Update on Exploration Activities at its 80%-Owned Gidji JV Project in the Eastern Goldfields of WA

Miramar Resources Limited Announces New Ni-Cu-PGE Targets Identified At Bangemall

Miramar Resources Limited Provides Exploration Update on Lang Well Project

Miramar Resources Limited has announced a Derivatives Offering in the amount of AUD 0.353409 million.

Miramar Resources Limited Expands Glandore Project

Miramar Resources Limited Provides an Update on Exploration Activities At the Company's 80%-Owned Gidji JV Project in the Eastern Goldfields of WA

No independent directors

Miramar Resources Limited Announces Commencement of Detailed Magnetic Survey Underway At Lang Well

Miramar Resources Limited Advises Potential for Multiple Large Deposits At Gidji JV Project, in the Eastern Goldfields of WA

Miramar Resources Limited Announces Multiple High-Grade Gold Results from GIDJI JV

Miramar Resources Provides Drilling Update

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Miramar Resources Limited Provides an Update on Exploration Activities At Its 80%-Owned Gidji JV Project

Miramar Resources Limited Announces Further Significant Aircore Results from Its Glandore Project, in the Eastern Goldfields Region of WA

Miramar Resources Limited announces airborne EM survey complete at its 100% owned Mt Vernon

Miramar Resources Limited Provides an Update on Exploration Activities At Its 80% Owned Gidji JV Project

Miramar Resources Limited announces commencement of an airborne EM survey over its 100% owned "Mt Vernon" Ni-Cu-PGE target

Miramar Resources Limited Provides Update on Exploration Activities at its 80% Owned Gidji JV Project

Miramar Resources Limited Announces Drilling Results Indicate Potential for New Gold Camp at Gidji

Miramar Resources Limited Announces Follow-Up Surface Geochemical Sampling Outline Two Large Iron Oxide Copper Gold

Miramar Resources Limited Provides Update on Exploration Activities At Gidji JV Project in the Eastern Goldfields Region of WA

Miramar Resources Limited Announces Aircore Drilling Results from Its 80% Owned Gidji JV Project

Miramar Resources Limited Receives Multiple High-Grade Gold Results from the Marylebone Target Within the Company's 80%-Owned Gidji JV Project in the Eastern Goldfields Region of Western Australia

Miramar Resources Limited Advises Recent Grant of Several Key Tenements Within the Company's 80%-Owned Gidji JV Project in the Eastern Goldfields Region of Western Australia

Sipa Resources Limited (ASX:SRI) completed the acquisition of Garden Gully Project.

Miramar Resources Limited Announces RC and Aircore Drilling Underway at Gidji JV

Miramar Resources Limited Provides an Update on Gidji JV Project Exploration Update

Miramar Resources Limited Recommenceds At the Company's 80% Owned Gidji JV Project

Miramar Resources Limited Provides an Update on Recent and Planned Exploration Activities Across Western Australian Exploration Project Portfolio

New 90-day low: AU$0.23

Miramar Resources Limited Announces Exploration to Commence at Glandore