How does MAT's PB Ratio compare to its peers?

MAT is expensive based on its Price-To-Book Ratio (2.1x) compared to the peer average (1.4x).

How does MAT's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

MAT is expensive based on its Price-To-Book Ratio (2.1x) compared to the Australian Metals and Mining industry average (1.2x).

What is MAT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate MAT's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of MAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MAT's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Matsa Resources (ASX:MAT) - Stock Price, News & Analysis

MAT Stock Overview

Engages in the exploration of mineral resources in Western Australia and Thailand.

About the company

MAT fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

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

Does not have a meaningful market cap (A$27M)

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the Australian market

Matsa Resources Limited Competitors

Kingsrose Mining

ASX:KRM

AU$26.4m

GWR Group

ASX:GWR

AU$27.6m

Falcon Metals

ASX:FAL

AU$27.4m

Aurumin

ASX:AUN

AU$26.9m

Price History & Performance

Summary of all time highs, changes and price drops for Matsa Resources
Historical stock prices
Current Share Price	AU$0.042
52 Week High	AU$0.052
52 Week Low	AU$0.023
Beta	0.63
11 Month Change	5.00%
3 Month Change	75.00%
1 Year Change	61.54%
33 Year Change	-30.00%
5 Year Change	-70.00%
Change since IPO	-68.14%

Recent updates

Shareholder Returns

	MAT	AU Metals and Mining	AU Market
7D	-10.6%	-1.4%	0.2%
1Y	61.5%	-3.3%	16.6%

Return vs Industry: MAT exceeded the Australian Metals and Mining industry which returned -3.3% over the past year.

Return vs Market: MAT exceeded the Australian Market which returned 16.6% over the past year.

Price Volatility

Is MAT's price volatile compared to industry and market?
MAT volatility
MAT Average Weekly Movement	14.0%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: MAT's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: MAT's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2003	15	Paul Poli	www.matsa.com.au

Matsa Resources Limited engages in the exploration of mineral resources in Western Australia and Thailand. It primarily explores for gold, copper, silver, lead, lithium, tin, rare earth elements, and base metals. The company’s flagship project is the Lake Carey Gold project that comprises approximately 450 square kilometers of prospective tenements within the Laverton Tectonic Zone of the Kurnalpi Terrane in Western Australia’s eastern goldfields region.

Matsa Resources Limited Fundamentals Summary

How do Matsa Resources's earnings and revenue compare to its market cap?
MAT fundamental statistics
Market cap	AU$27.30m
Earnings (TTM)	-AU$4.60m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-5.9x

P/E Ratio

Is MAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAT income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$1.46m
Gross Profit	-AU$1.46m
Other Expenses	AU$3.14m
Earnings	-AU$4.60m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0071
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	42.5%

How did MAT perform over the long term?

See historical performance and comparison

MAT Stock Overview

Rewards

Risk Analysis

Matsa Resources Limited Competitors

ASX:KRM

AU$26.4m

ASX:GWR

AU$27.6m

ASX:FAL

AU$27.4m

ASX:AUN

AU$26.9m

Price History & Performance

Recent News & Updates

Matsa Resources Limited has completed a Derivatives Offering in the amount of AUD 0.260035 million.

Matsa Resources Limited has announced a Derivatives Offering in the amount of AUD 0.325044 million.

New minor risk - Share price stability

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.374233 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.149533 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.149533 million.

Recent updates

Matsa Resources Limited has completed a Derivatives Offering in the amount of AUD 0.260035 million.

Matsa Resources Limited has announced a Derivatives Offering in the amount of AUD 0.325044 million.

New minor risk - Share price stability

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.374233 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.149533 million.

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.149533 million.

We Think Matsa Resources (ASX:MAT) Has A Fair Chunk Of Debt

New minor risk - Share price stability

Matsa Resources Limited, Annual General Meeting, Oct 03, 2023

New minor risk - Shareholder dilution

Is Matsa Resources (ASX:MAT) Using Debt In A Risky Way?

Matsa Resources Limited Announces Commencement of RC Drilling at Fortitude North - Lake Carey

Matsa Resources Limited Provides an Update of Drilling Results from the Devon Pit in Western Australia's Eastern Goldfields

No independent directors

Matsa Resources Limited, Annual General Meeting, Nov 25, 2022

Matsa Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.976 million.

Matsa Resources Limited Provides an Update on Its Exploration Drilling Results At the Lake Carey Gold Project

IGO Newsearch Pty Ltd entered into an agreement to acquire 70% Symons Hill project of Matsa Resources Limited (ASX:MAT) for AUD 0.6 million.

No independent directors

We Think Matsa Resources (ASX:MAT) Has A Fair Chunk Of Debt

Matsa Resources Limited Recommences Active Exploration in Thailand

Matsa Resources Limited Reports Positive and Significant Results from Its Recently Updated Scoping Study for the Fortitude Pit

Full year 2021 earnings released: AU$0.036 loss per share (vs AU$0.025 loss in FY 2020)

Matsa Resources Limited announced that it expects to receive AUD 3.37535 million in funding

Matsa Resources Limited Announces New High Grade Gold Results Boosts Devon - Lake Carey Gold Project

Matsa Resources Limited Announces Complete Diamond Drill Hole of E69/3070 Symons Hill Tenement in the Fraser Range, Targeting Nickel

Matsa Resources Limited Announces Mineral Resource Estimate for the Bindah Deposit Located in the Fortitude Hub of the Company's Lake Carey Gold Project

Matsa Resources Limited Announces Drilling Update from Devon Completed Lake Carey Gold Project

Matsa Resources Limited Announces Reverse Circulation Drilling Has Commenced over 6 High Priority Target Areas at Devon

Matsa Resources Limited Announce Results from Recently Completed Soils Programme at Devon

Matsa Resources Limited Announces Updates on Lake Carey Gold Project

Matsa Resources Limited Announces Magnetic Survey Highlights New Targets at Devon ­ Lake Carey Gold Project

Matsa Resources Limited Appoints Pascal Blampain as an Executive Director

Matsa Resources Limited Announces Assay Results from the First Aircore Drilling Program At the Lake Rebecca Gold Project

Apollo Consolidated Limited (ASX:AOP) acquired 400m wide strip of Lake Rebecca gold project from Bulletin Resources Limited (ASX:BNR) and Matsa Resources Limited (ASX:MAT) for AUD 5.6 million.

Matsa Resources Limited Outlines New Business Strategy and Strategic Pathway Centred on Resource Growth Through a Targeted Exploration Drive to Support a Proposed 100% Matsa Owned, 600,000Tpa Treatment Plant

Matsa Resources Limited Announces Positive Concept Study 600,000tpa Gold-Ore Treatment Plant Lake Carey Project

Matsa Resources Limited Announces Olympic High Grade Results Enhances Devon Gold Project

What Can We Learn About Matsa Resources' (ASX:MAT) CEO Compensation?

Matsa Resources Limited Announces Amended High Grade Results and Resource At Red October

Matsa Resources Limited Provides an Update on Red October Resource

Matsa Resources Limited Provides an Update on the Underground Drilling Program Currently Progressing at Red October Gold Mine

Matsa Resources Limited Provides Update on Drilling Program at Red October Gold Mine

Matsa Resources Limited Commences 5,400M RC Drill Program At the Devon Gold Mine

Full year earnings released - AU$0.025 loss per share

Matsa Resources Limited announced that it has received AUD 1.55 million in funding from Deutsche Balaton AG

Matsa Resources Limited announced that it expects to receive AUD 6.611901 million in funding

Matsa Resources Limited (ASX:MAT) acquired Olympic lease from GME Resources Limited (ASX:GME).

Shareholder Returns

Price Volatility

About the Company

Matsa Resources Limited Fundamentals Summary

0.0x

-5.9x

Earnings & Revenue

Matsa Resources Limited Announces Magnetic Survey Highlights New Targets at Devon Lake Carey Gold Project