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Minerals 260 ASX:MI6 Stock Report

Last Price

AU$0.14

Market Cap

AU$30.4m

7D

3.8%

1Y

-52.6%

Updated

29 Nov, 2024

Data

Company Financials

Minerals 260 Limited

ASX:MI6 Stock Report

Market Cap: AU$30.4m

MI6 Stock Overview

Engages in the exploration and evaluation of mineral resources in Australia. More details

MI6 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Risk Analysis

Earnings have declined by 11.9% per year over past 5 years

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

Does not have a meaningful market cap (A$30M)


Minerals 260 Limited Competitors

Boab Metals

ASX:BML

AU$31.5m

White Cliff Minerals

ASX:WCN

AU$30.2m

Infini Resources

ASX:I88

AU$30.7m

Sky Metals

ASX:SKY

AU$30.7m

Price History & Performance

Summary of all time highs, changes and price drops for Minerals 260
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.35
52 Week LowAU$0.10
Beta1.66
11 Month Change3.85%
3 Month Change3.85%
1 Year Change-52.63%
33 Year Change-75.68%
5 Year Changen/a
Change since IPO-77.50%

Recent News & Updates

Recent updates

Here's Why We're Not At All Concerned With Minerals 260's (ASX:MI6) Cash Burn Situation

Apr 26
Here's Why We're Not At All Concerned With Minerals 260's (ASX:MI6) Cash Burn Situation

We're Interested To See How Minerals 260 (ASX:MI6) Uses Its Cash Hoard To Grow

Jan 06
We're Interested To See How Minerals 260 (ASX:MI6) Uses Its Cash Hoard To Grow

Companies Like Minerals 260 (ASX:MI6) Can Afford To Invest In Growth

Sep 15
Companies Like Minerals 260 (ASX:MI6) Can Afford To Invest In Growth

Shareholder Returns

MI6AU Metals and MiningAU Market
7D3.8%0.2%1.5%
1Y-52.6%-10.8%17.9%

Return vs Industry: MI6 underperformed the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: MI6 underperformed the Australian Market which returned 17.9% over the past year.

Price Volatility

Is MI6's price volatile compared to industry and market?
MI6 volatility
MI6 Average Weekly Movement7.4%
Metals and Mining Industry Average Movement10.9%
Market Average Movement8.5%
10% most volatile stocks in AU Market17.3%
10% least volatile stocks in AU Market3.2%

Stable Share Price: MI6 has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MI6's weekly volatility has decreased from 13% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aLuke McFadyenminerals260.com.au

Minerals 260 Limited engages in the exploration and evaluation of mineral resources in Australia. The company explores for gold, platinum, palladium, nickel, copper, lithium, and rare earths elements, as well as precious and battery-related metals. It holds 100% interests in the Aston project that includes 14 granted contiguous tenements covering an area of 1,709 square kilometers and four pending tenements covering an area of 84 square kilometers located in the Gascoyne Province of Western Australia; and the Moora project covering an area of 370 square kilometers located in Julimar Mineral Province, southwest Western Australia.

Minerals 260 Limited Fundamentals Summary

How do Minerals 260's earnings and revenue compare to its market cap?
MI6 fundamental statistics
Market capAU$30.42m
Earnings (TTM)-AU$7.71m
Revenue (TTM)n/a

0.0x

P/S Ratio

-4.1x

P/E Ratio

Is MI6 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MI6 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Other ExpensesAU$7.71m
Earnings-AU$7.71m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.033
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did MI6 perform over the long term?

See historical performance and comparison