Midas Minerals Limited engages in exploration and evaluation of mineral resources.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.19|
|52 Week High||AU$0.17|
|52 Week Low||AU$0.29|
|1 Month Change||-5.00%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||0%|
Recent News & Updates
|MM1||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how MM1 performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how MM1 performed against the Australian Market.
Stable Share Price: Insufficient data to determine MM1's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine MM1's volatility change over the past year.
About the Company
Midas Minerals Limited engages in exploration and evaluation of mineral resources. The company primarily explores for gold and base metals in the Eastern Goldfields of Western Australia. Its projects include the Weebo gold project covering 198 square kilometers located near Leinster, Western Australia; the Challa project, which consists of 2 exploration licenses and 3 license applications covering 860 square kilometers located to the east of Mt Magnet in Western Australia; and the Sunset project that includes a single prospecting license covering 1.2 square kilometers located to the north-east of Leonora.
Midas Minerals Fundamentals Summary
|MM1 fundamental statistics|
Is MM1 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MM1 income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0056|
|Net Profit Margin||0.00%|
How did MM1 perform over the long term?See historical performance and comparison
Is Midas Minerals undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MM1's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MM1's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MM1 is poor value based on its PE Ratio (33.7x) compared to the Australian Metals and Mining industry average (14.5x).
PE vs Market: MM1 is poor value based on its PE Ratio (33.7x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MM1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MM1 is overvalued based on its PB Ratio (4x) compared to the AU Metals and Mining industry average (2.5x).
How is Midas Minerals 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 Midas Minerals 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 Midas Minerals performed over the past 5 years?
Historical Materials annual earnings growth
Earnings and Revenue History
Quality Earnings: MM1 has a high level of non-cash earnings.
Growing Profit Margin: MM1 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MM1 has become profitable over the past 5 years.
Accelerating Growth: MM1 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MM1 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: MM1's Return on Equity (12%) is considered low.
How is Midas Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: MM1's short term assets (A$2.6M) exceed its short term liabilities (A$245.8K).
Long Term Liabilities: MM1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MM1 is debt free.
Reducing Debt: MM1 has not had any debt for past 5 years.
Debt Coverage: MM1 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MM1 has no debt, therefore coverage of interest payments is not a concern.
What is Midas Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MM1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MM1'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 MM1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MM1'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 MM1'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?
Average board tenure
Midas Minerals has no CEO, or we have no data on them.
Experienced Board: MM1's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MM1 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: MM1 only recently listed within the past 12 months.
Midas Minerals Limited's employee growth, exchange listings and data sources
- Name: Midas Minerals Limited
- Ticker: MM1
- Exchange: ASX
- Founded: 2018
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$12.156m
- Shares outstanding: 63.98m
- Website: https://www.midasminerals.com
- Midas Minerals Limited
- 24 Outram Street
- Ground Floor
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 07:03|
|End of Day Share Price||2021/10/15 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.