Matsa Resources Limited (ASX:MAT) Stock Price & Quote Analysis

MAT Stock Overview

Matsa Resources Limited engages in the exploration and development of mineral properties in Western Australia and Thailand.

MAT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Earnings have declined by 15% per year over past 5 years

Has less than 1 year of cash runway

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

Does not have a meaningful market cap (A$14M)

+ 2 more risks

My Notes

New

Notes are coming soon

Matsa Resources Limited Competitors

Yandal Resources

ASX:YRL

AU$14.7m

Gateway Mining

ASX:GML

AU$15.3m

Aruma Resources

ASX:AAJ

AU$11.6m

Zuleika Gold

ASX:ZAG

AU$8.9m

Price History & Performance

Summary of all time highs, changes and price drops for Matsa Resources
Historical stock prices
Current Share Price	AU$0.034
52 Week High	AU$0.08
52 Week Low	AU$0.033
Beta	0.54
1 Month Change	-2.86%
3 Month Change	-10.53%
1 Year Change	-46.88%
3 Year Change	-74.81%
5 Year Change	-78.75%
Change since IPO	-74.21%

Recent updates

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

Mar 28

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

Jan 14

Shareholder Returns

	MAT	AU Metals and Mining	AU Market
7D	-10.5%	-1.0%	0.4%
1Y	-46.9%	1.0%	0.4%

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

Return vs Market: MAT underperformed the Australian Market which returned 1.8% over the past year.

Price Volatility

Is MAT's price volatile compared to industry and market?
MAT volatility
MAT Average Weekly Movement	12.0%
Metals and Mining Industry Average Movement	10.2%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	15.5%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: MAT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: MAT's weekly volatility (12%) 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	https://www.matsa.com.au

Matsa Resources Limited engages in the exploration and development of mineral properties in Western Australia and Thailand. The company primarily explores for gold, nickel, copper, silver, lead, lithium, and base metals. Its flagship project is the Lake Carey Gold project that comprises approximately 500 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$14.01m
Earnings (TTM)	-AU$3.64m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-3.8x

P/E Ratio

Is MAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAT income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$3.64m
Earnings	-AU$3.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0088
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	32.8%

How did MAT perform over the long term?

See historical performance and comparison

MAT Stock Overview

Risk Analysis

Matsa Resources Limited Competitors

ASX:YRL

AU$14.7m

ASX:GML

AU$15.3m

ASX:AAJ

AU$11.6m

ASX:ZAG

AU$8.9m

Price History & Performance

Recent News & Updates

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

Recent updates

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

-3.8x

Earnings & Revenue

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