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Musgrave Minerals ASX:MGV Stock Report

Last Price

AU$0.39

Market Cap

AU$230.6m

7D

0%

1Y

56.0%

Updated

04 Oct, 2023

Data

Company Financials +

Musgrave Minerals Limited

ASX:MGV Stock Report

Market Cap: AU$230.6m

MGV Stock Overview

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

MGV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

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


My Notes

Capture your thoughts, links and company narrative

Musgrave Minerals Limited Competitors

OM Holdings

ASX:OMH

AU$282.8m

Larvotto Resources

ASX:LRV

AU$216.4m

Magnetic Resources

ASX:MAU

AU$298.8m

Aurelia Metals

ASX:AMI

AU$304.5m

Price History & Performance

Summary of share price highs, lows and changes for Musgrave Minerals
Historical stock prices
Current Share PriceAU$0.39
52 Week HighAU$0.40
52 Week LowAU$0.17
Beta0.72
1 Month Change9.86%
3 Month Change20.00%
1 Year Change56.00%
3 Year Change-24.27%
5 Year Change561.02%
Change since IPO69.57%

Recent News & Updates

Recent updates

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

Jun 05
Here's Why We're Watching Musgrave Minerals' (ASX:MGV) Cash Burn Situation

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

Feb 20
Will Musgrave Minerals (ASX:MGV) Spend Its Cash Wisely?

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

Nov 01
We Think Some Shareholders May Hesitate To Increase Musgrave Minerals Limited's (ASX:MGV) CEO Compensation

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

Aug 03
We Think Musgrave Minerals (ASX:MGV) Can Afford To Drive Business Growth

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

Apr 13
We're Hopeful That Musgrave Minerals (ASX:MGV) Will Use Its Cash Wisely

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

Nov 24
Companies Like Musgrave Minerals (ASX:MGV) Are In A Position To Invest In Growth

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

Aug 10
Companies Like Musgrave Minerals (ASX:MGV) Can Afford To Invest In Growth

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

Mar 14
Musgrave Minerals (ASX:MGV) Is In A Strong Position To Grow Its Business

Shareholder Returns

MGVAU Metals and MiningAU Market
7D0%0.07%-0.06%
1Y56.0%-17.2%9.0%

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 Movement6.1%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.0%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market3.0%

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

FoundedEmployeesCEOWebsite
2010n/aRob Waughmusgraveminerals.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 capAU$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)
RevenueAU$314.43k
Cost of RevenueAU$0
Gross ProfitAU$314.43k
Other ExpensesAU$2.70m
Earnings-AU$2.38m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.004
Gross Margin100.00%
Net Profit Margin-757.73%
Debt/Equity Ratio0%

How did MGV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/04 20:07
End of Day Share Price 2023/09/26 00:00
Earnings2023/06/30
Annual Earnings2023/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

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.

AnalystInstitution
Paul HowardCanaccord Genuity