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Musgrave Minerals (MGV) Stock Overview

Musgrave Minerals Limited engages in the exploration and development of mineral properties in Australia. More details

MGV fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$314K)

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

MGV Community Fair Values

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Musgrave Minerals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Musgrave Minerals
Historical stock prices
Current Share Price	AU$0.39
52 Week High	AU$0.40
52 Week Low	AU$0.17
Beta	0.72
1 Month Change	9.86%
3 Month Change	20.00%
1 Year Change	56.00%
3 Year Change	-24.27%
5 Year Change	561.02%
Change since IPO	69.57%

Recent updates

Analysis Article • Jun 05

Here's Why We're Watching Musgrave Minerals' (ASX:MGV) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Analysis Article • Feb 20

Will Musgrave Minerals (ASX:MGV) Spend Its Cash Wisely?

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Analysis Article • Nov 01

We Think Some Shareholders May Hesitate To Increase Musgrave Minerals Limited's (ASX:MGV) CEO Compensation

CEO Rob Waugh has done a decent job of delivering relatively good performance at Musgrave Minerals Limited ( ASX:MGV...

Analysis Article • Aug 03

We Think Musgrave Minerals (ASX:MGV) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Analysis Article • Apr 13

We're Hopeful That Musgrave Minerals (ASX:MGV) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Analysis Article • Nov 24

Companies Like Musgrave Minerals (ASX:MGV) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Analysis Article • Aug 10

Companies Like Musgrave Minerals (ASX:MGV) Can Afford To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Analysis Article • Mar 14

Musgrave Minerals (ASX:MGV) Is In A Strong Position To Grow Its Business

Just because a business does not make any money, does not mean that the stock will go down. For example, Musgrave...

Shareholder Returns

	MGV	AU Metals and Mining	AU Market
7D	0%	0.5%	1.7%
1Y	56.0%	54.0%	2.2%

Return vs Industry: MGV exceeded the Australian Metals and Mining industry which returned -4.5% over the past year.

Return vs Market: MGV exceeded the Australian Market which returned 9.6% over the past year.

Price Volatility

Is MGV's price volatile compared to industry and market?
MGV volatility
MGV Average Weekly Movement	6.1%
Metals and Mining Industry Average Movement	12.1%
Market Average Movement	10.1%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	4.0%

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

Volatility Over Time: MGV's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Rob Waugh	musgraveminerals.com.au

Musgrave Minerals Limited engages in the exploration and development of mineral properties in Australia. The company primarily explores for silver, gold, copper, and nickel deposits. It focuses on the Cue Project in the Murchison Province of Western Australia.

Musgrave Minerals Limited Fundamentals Summary

How do Musgrave Minerals's earnings and revenue compare to its market cap?
MGV fundamental statistics
Market cap	AU$230.57m
Earnings (TTM)	-AU$2.38m
Revenue (TTM)	AU$314.43k

733.3x

P/S Ratio

-96.8x

P/E Ratio

Is MGV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGV income statement (TTM)
Revenue	AU$314.43k
Cost of Revenue	AU$0
Gross Profit	AU$314.43k
Other Expenses	AU$2.70m
Earnings	-AU$2.38m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.004
Gross Margin	100.00%
Net Profit Margin	-757.73%
Debt/Equity Ratio	0%

How did MGV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/04 10:10
End of Day Share Price	2023/09/26 00:00
Earnings	2023/06/30
Annual Earnings	2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Musgrave Minerals Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Paul Howard	Canaccord Genuity

This company listing is no longer active

Musgrave Minerals (MGV) Stock Overview

Risk Analysis

Musgrave Minerals Limited Competitors

OM Holdings

Magnetic Resources

Aurelia Metals

Jupiter Mines

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2022)

New minor risk - Financial data availability

New minor risk - Financial data availability

Musgrave Minerals Limited Announces Executive Changes

Musgrave Minerals Limited, Annual General Meeting, Nov 16, 2023

Westgold Resources Limited (ASX:WGX) agreed to acquire Musgrave Minerals Limited (ASX:MGV)for approximately AUD 180 mullion.

Recent updates

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2022)

New minor risk - Financial data availability

New minor risk - Financial data availability

Musgrave Minerals Limited Announces Executive Changes

Musgrave Minerals Limited, Annual General Meeting, Nov 16, 2023

Westgold Resources Limited (ASX:WGX) agreed to acquire Musgrave Minerals Limited (ASX:MGV)for approximately AUD 180 mullion.

Here's Why We're Watching Musgrave Minerals' (ASX:MGV) Cash Burn Situation

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.001 loss in 1H 2022)

Will Musgrave Minerals (ASX:MGV) Spend Its Cash Wisely?

Musgrave Minerals Limited Announces Amarillo and Big Sky Drilling Results Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Limited Announces Further Gold Intersections, West Island Cue JV

Musgrave Minerals Limited Receives Initial Metallurgical Test Work Results from Master Composite Samples for the White Heat-Mosaic and Big Sky Deposits

Musgrave Minerals Ltd Announces Encouraging Gold Intercepts Continue at Big Sky

Price target decreased to AU$0.50

Less than half of directors are independent

Musgrave Minerals Ltd Reports High-Grade Drilling Results Continue at White Heat-Mosaic

We Think Some Shareholders May Hesitate To Increase Musgrave Minerals Limited's (ASX:MGV) CEO Compensation

Musgrave Minerals Ltd. Reports Further Assay Results from Diamond and Aircore Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd in Western Australia's Murchison District

Musgrave Minerals Limited, Annual General Meeting, Nov 08, 2022

MD & Director exercised options to buy AU$735k worth of stock.

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.006 loss in FY 2021)

Musgrave Minerals Ltd Reports High-Grade Gold At Waratah and New Regional Targets At Cue Gold Project

Musgrave Minerals Ltd Reports Further Strong Assay Results from Reverse Circulation Drilling At the Big Sky Deposit South-West of Lena

Musgrave Minerals Limited, Annual General Meeting, Sep 08, 2022

We Think Musgrave Minerals (ASX:MGV) Can Afford To Drive Business Growth

Musgrave Minerals Ltd Reports Further High-Grade Gold Assay Results from Reverse Circulation and Diamond Drilling Along the Break of Day Trend At the White Heat-Mosaic Deposit

Musgrave Minerals Limited Announces High-Grade Gold Intersected at West Is, Cue JV

Musgrave Minerals Limited Announces High Grade Gold At Amarillo & New Regional Targets

Musgrave Minerals Ltd Reports A Significant Mineral Resource Estimate Update on its 100% Owned Tenure At Flagship Cue Gold Project in Western Australia's Murchison District

Less than half of directors are independent

Musgrave Minerals Limited Reports Further Assay Results from Diamond and Aircore Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd in Western Australia's Murchison District

Insider recently bought AU$858k worth of stock

We're Hopeful That Musgrave Minerals (ASX:MGV) Will Use Its Cash Wisely

Musgrave Minerals Limited Reports Further Strong Assay Results from Reverse Circulation and Diamond Drilling at the Big Sky Prospect

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

Musgrave Minerals Limited Reports Gold Assay Results from Reverse Circulation and Diamond Drilling At the New Mosaic Target South of White Heat

Musgrave Minerals Ltd Reports Further Assay Results from the Current Aircore and Diamond Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd (Evolution) over Lake Austin in Western Australia's Murchison District

Musgrave Minerals Ltd Reports Further Strong Assay Results from Reverse Circulation Drilling at Amarillo Prospect

Companies Like Musgrave Minerals (ASX:MGV) Are In A Position To Invest In Growth

Non-Executive Chairman exercised options to buy AU$570k worth of stock.

Independent Non-Executive Director recently sold AU$179k worth of stock

Insider recently bought AU$2.6m worth of stock

Full year 2021 earnings released: AU$0.006 loss per share (vs AU$0.002 profit in FY 2020)

Musgrave Minerals Limited Reports Further Strong Assay Results from Reverse Circulation Drilling At the Big Sky and Target 14

Companies Like Musgrave Minerals (ASX:MGV) Can Afford To Invest In Growth

Musgrave Minerals Limited Reports High-Grade Gold in Basement at West Island - Evolution JV, Cue

Musgrave Minerals Limited Reports Strong Assay Results from Reverse Circulation Drilling at the Big Sky Prospect

Musgrave Minerals Limited Reports Further High-Grade Reverse Circulation Gold Assay Results from the White Heat and Numbers Prospects on its 100% Owned Ground at Its Flagship Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Ltd Reports Assay Results from Big Sky Prospect

Price target decreased to AU$0.60

Musgrave Minerals Ltd Reports Further High-Grade Reverse Circulation Gold Assay Results from the New White Heat Prospect

Musgrave Minerals (ASX:MGV) Is In A Strong Position To Grow Its Business

Musgrave Minerals Ltd to Report Further Strong Reverse Circulation Gold Assay Results from Regional Drilling of New Targets on Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Limited Reports the Further High-Grade Reverse Circulation Gold Assay Results from the Newly Discovered White Heat Prospect

New 90-day low: AU$0.35

Independent Non-Executive Director exercised options to buy AU$365k worth of stock.

Musgrave Minerals Limited Appoints Brett Lambert as Non-Executive Director

Musgrave Minerals Ltd Reports Strong Reverse Circulation Assay Results from the Newly Discovered White Heat Prospect on 100% Owned Ground at Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Ltd Reports Further Assay Results from the Recent Regional Scout Aircore Drilling Program

Musgrave Minerals Limited Announces Further Strong Assay Results from Regional Aircore Drilling Across Numerous Targets on Its 100% Owned Ground At Its Cue Gold Project

New 90-day low: AU$0.37

Musgrave Minerals Ltd Announces Scout Drilling Intersects High-Grade Gold and Defines Large Gold Zones Under Lake Austin, Evolution JV

MD & Director exercised options to buy AU$246k worth of stock.