How does MKG's PB Ratio compare to its peers?

MKG is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.7x).

How does MKG's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

MKG is good value based on its Price-To-Book Ratio (0.4x) compared to the Australian Metals and Mining industry average (1.1x).

What is MKG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate MKG's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of MKG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MKG's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Mako Gold (ASX:MKG) - Stock Price, News & Analysis

MKG Stock Overview

Engages in the acquisition, exploration, and development of gold tenements in Africa. More details

MKG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (A$15M)

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

Highly volatile share price over the past 3 months compared to the Australian market

Has less than 1 year of cash runway

+ 2 more risks

Mako Gold Limited Competitors

Global Uranium and Enrichment

ASX:GUE

AU$15.9m

Mandrake Resources

ASX:MAN

AU$15.4m

Iceni Gold

ASX:ICL

AU$15.3m

Hawthorn Resources

ASX:HAW

AU$17.1m

Price History & Performance

Summary of all time highs, changes and price drops for Mako Gold
Historical stock prices
Current Share Price	AU$0.015
52 Week High	AU$0.032
52 Week Low	AU$0.007
Beta	0.93
11 Month Change	-16.67%
3 Month Change	66.67%
1 Year Change	50.00%
33 Year Change	-86.36%
5 Year Change	-81.93%
Change since IPO	-92.31%

Recent updates

Shareholder Returns

	MKG	AU Metals and Mining	AU Market
7D	-11.8%	-0.6%	-0.3%
1Y	50.0%	-11.0%	18.4%

Return vs Industry: MKG exceeded the Australian Metals and Mining industry which returned -9.9% over the past year.

Return vs Market: MKG exceeded the Australian Market which returned 19.7% over the past year.

Price Volatility

Is MKG's price volatile compared to industry and market?
MKG volatility
MKG Average Weekly Movement	23.7%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: MKG's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: MKG's weekly volatility (24%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2015	n/a	Peter Francis Ledwidge	www.makogold.com.au

Mako Gold Limited engages in the acquisition, exploration, and development of gold tenements in Africa. The company’s flagship property is the Napié gold project covering an area of approximately 224 square kilometers located in the north-central Côte d’Ivoire within the Daloa greenstone belt, West Africa. Mako Gold Limited was incorporated in 2015 and is based in Brisbane, Australia.

Mako Gold Limited Fundamentals Summary

How do Mako Gold's earnings and revenue compare to its market cap?
MKG fundamental statistics
Market cap	AU$14.80m
Earnings (TTM)	-AU$1.24m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-11.9x

P/E Ratio

Is MKG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MKG income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$1.24m
Earnings	-AU$1.24m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0013
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MKG perform over the long term?

See historical performance and comparison

MKG Stock Overview

Risk Analysis

Mako Gold Limited Competitors

ASX:GUE

AU$15.9m

ASX:MAN

AU$15.4m

ASX:ICL

AU$15.3m

ASX:HAW

AU$17.1m

Price History & Performance

Recent News & Updates

New major risk - Market cap size

Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

Aurum Resources Limited (ASX:AUE) proposed to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

New major risk - Financial position

Mako Gold Limited, Annual General Meeting, Nov 28, 2024

Recent updates

New major risk - Market cap size

Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

Aurum Resources Limited (ASX:AUE) proposed to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million.

New major risk - Financial position

Mako Gold Limited, Annual General Meeting, Nov 28, 2024

New major risk - Share price stability

New major risk - Shareholder dilution

Mako Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Mako Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.

Mako Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.

Insufficient new directors

Mako Gold Limited, Annual General Meeting, Nov 30, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

New major risk - Shareholder dilution

Mako Gold Limited has announced a Derivatives Offering in the amount of AUD 0.677999 million.

Mako Gold Limited has announced a Derivatives Offering in the amount of AUD 0.677999 million.

Mako Gold Limited Announces Infill Auger Commences on Highest Priority Targets At Napie

Mako Gold Limited Receives Assay Results from Structural Diamond Drill (DD) Hole from the Tchaga Prospect

Mako Gold Limited Receives Positive Results from Phase 1 of the 25,000m Auger Drilling Program on Napié Project

Mako Gold Limited Announces 25,000M Auger Program Commences At Napié

Mako Gold Limited, Annual General Meeting, Nov 09, 2022

Is Mako Gold (ASX:MKG) In A Good Position To Deliver On Growth Plans?

Mako Gold Limited Receives Highgrade Gold Discovery At Komboro Prospect At Napié

Mako Gold Limited Delivers 868Koz Maiden Resource to Provide Strong Growth Platform at Napié in Côte d'Ivoire

Mako Gold Limited Receives Assay Results from Shallow Aircore Drilling Program from Tchaga North and Komboro Prospects

Mako Gold Limited Receives the Final Assay Results from 49 Reverse Circulation and Diamond Drilling Holes from the Gogbala Prospect

Mako Gold Limited Receives the Final Assay Results from 49 Reverse Circulation and Diamond Drilling Holes from the Gogbala Prospect

Mako Gold Limited Announces Maiden RC Drill Program Commences at Korhogo Project

Mako Gold Limited Identifies 2Km Gold Anomaly At Korhogo, Maiden RC Drill Program Imminent

Is Mako Gold (ASX:MKG) In A Good Position To Invest In Growth?

Mako Gold Limited Receives Assay Results from 43 Reverse Circulation Holes from the Ongoing Drill Program at the Gogbala Prospect

Mako Gold Limited Announces Wide High-Grade Results Returned from Gogbala

Mako Gold Limited Announces Assay Results from 25 Reverse Circulation (RC) Holes from the Ongoing 10,000M Drill Program At the Gogbala Prospect

Mako Gold Limited Commences Aircore Drilling Program on the Komboro and Tchaga North Prospects at its Napié Project in Côte D'ivoire

Mako Gold Limited Announces 7,000M Auger Drilling Program Commences on Korhogo Project

Mako Gold Limited Announces High-Grade Gold from Drilling At Tchaga and Gogbala Projects

We're A Little Worried About Mako Gold's (ASX:MKG) Cash Burn Rate

Mako Gold Limited Announces High-Grade Drill Results At Gogbala Confirm Similarities with Tchaga

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Mako Gold Limited's Drilling Continues to Expand Mineralised Footprint at Tchaga

Mako Gold Limited Receives Assay Results for Further Reverse Circulation and Diamond Drilling Holes

Mako Gold Limited Announces Drilling Extends Gogbala Gold Mineralised Trend to over 7Km

Mako Gold Limited Announces Airborne Helicopter Geophysical Survey on the Korhogo Project

Companies Like Mako Gold (ASX:MKG) Are In A Position To Invest In Growth

Mako Gold Limited Announces Gogbala Results Confirm Potential for High-Grade Gold System

Mako Gold Limited Receives Assays for A Further 15 Reverse Circulation and 4 Diamond Drill Holes from the Ongoing Drill Program At the Tchaga Prospect

Mako Gold Limited Announces Exploration Commences on Recently Granted Korhogo Permits

Mako Gold Limited Increases Its Footprint in Côte D'ivoire with Granting of Ouangolodougou Permit

Mako Gold Limited Announces Second Drill Rig Added at Napié - 5,200M Drill Program Commenced on Gogbala Prospect

Mako Gold Limited Receives Assays for a Further 51 Reverse Circulation and 2 Diamond Drill Holes from the Ongoing RC and DD Program on the Company's Napié Project

Mako Gold Limited Announces That Shallow, High-Grade Gold Zone Confirmed At Tchaga with Assays Up to 143G/T Au

Mako Gold Limited Announces the Wide and High-Grade Intercepts Continue to Support Significant Gold Discovery At Tchaga

Mako Gold Limited Provides Update on Napié Exploration

Mako Gold Limited Announces Board Changes

Mako Gold Limited Announces Further Drilling Results at Tchaga Extend Gold Mineralisation 250M Along Strike

Mako Gold Limited announced that it expects to receive AUD 10 million in funding

Shareholder Returns

Price Volatility