Minerals 260 Limited operates as a mineral exploration company in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.47|
|52 Week High||AU$0.46|
|52 Week Low||AU$0.75|
|1 Month Change||n/a|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-20.83%|
Recent News & Updates
|MI6||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how MI6 performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how MI6 performed against the Australian Market.
Stable Share Price: Insufficient data to determine MI6's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine MI6's volatility change over the past year.
About the Company
Minerals 260 Limited operates as a mineral exploration company in Australia. The company intends to hold a 100% interest in the Moora gold-nickel-copper-PGE project; an option to earn a 51% interest in the Koojan gold-nickel-copper-PGE project; and interest in the Dingo Rocks project and tenement applications at Yalwest. The company was incorporated in 2021 and is based in West Perth, Australia.
Minerals 260 Fundamentals Summary
|MI6 fundamental statistics|
Is MI6 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MI6 income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00006|
|Net Profit Margin||0.00%|
How did MI6 perform over the long term?See historical performance and comparison
Is Minerals 260 undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Minerals 260 is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Minerals 260 has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Minerals 260 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Minerals 260 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Minerals 260 performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: MI6 is currently unprofitable.
Growing Profit Margin: MI6 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MI6's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare MI6's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MI6 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: MI6's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Minerals 260's financial position?
Financial Position Analysis
Short Term Liabilities: MI6 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MI6 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MI6 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MI6's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if MI6 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MI6 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Minerals 260 current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MI6's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MI6's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MI6's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MI6's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MI6's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
David Richards (60 yo)
Mr. David Ross Richards, BSc (Hons), MAIG, MAICD has been Technical Director of Liontown Resources Ltd. since May 5, 2021 and served as its Managing Director since May 1, 2010 until May 5, 2021. He serves...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: MI6 only recently listed within the past 12 months.
Minerals 260 Limited's employee growth, exchange listings and data sources
- Name: Minerals 260 Limited
- Ticker: MI6
- Exchange: ASX
- Founded: 2021
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$107.800m
- Shares outstanding: 220.00m
- Website: https://minerals260.com.au
- Minerals 260 Limited
- 1292 Hay Street
- Level 2
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:05|
|End of Day Share Price||2021/10/22 00:00|
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.