AuMEGA Metals (ASX:AAM) - Stock Price, News & Analysis

AAM Stock Overview

A junior exploration company, engages in the mining and mineral exploration activities in Canada. More details

AAM fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Earnings have declined by 23.2% per year over past 5 years

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

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$26M)

AuMEGA Metals Ltd Competitors

Southern Hemisphere Mining

ASX:SUH

AU$25.0m

MTM Critical Metals

ASX:MTM

AU$24.0m

Cannindah Resources

ASX:CAE

AU$26.6m

Arrow Minerals

ASX:AMD

AU$19.5m

Price History & Performance

Summary of all time highs, changes and price drops for AuMEGA Metals
Historical stock prices
Current Share Price	AU$0.036
52 Week High	AU$0.097
52 Week Low	AU$0.03
Beta	1.58
11 Month Change	-29.41%
3 Month Change	-20.00%
1 Year Change	-34.55%
33 Year Change	-90.00%
5 Year Change	-85.88%
Change since IPO	-86.15%

Recent updates

Shareholder Returns

	AAM	AU Metals and Mining	AU Market
7D	-14.3%	0.1%	1.2%
1Y	-34.5%	-9.9%	19.7%

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

Return vs Market: AAM underperformed the Australian Market which returned 19.7% over the past year.

Price Volatility

Is AAM's price volatile compared to industry and market?
AAM volatility
AAM Average Weekly Movement	11.7%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

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

Volatility Over Time: AAM's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2016	n/a	Sam Pazuki	www.matadormining.com.au

AuMEGA Metals Ltd, a junior exploration company, engages in the mining and mineral exploration activities in Canada. The company explores for gold deposits. Its principal assets include the Cape Ray gold project and the Hermitage project located in Newfoundland, Canada.

AuMEGA Metals Ltd Fundamentals Summary

How do AuMEGA Metals's earnings and revenue compare to its market cap?
AAM fundamental statistics
Market cap	AU$25.64m
Earnings (TTM)	-AU$6.97m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-3.4x

P/E Ratio

Is AAM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AAM income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$6.33m
Earnings	-CA$6.33m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0096
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did AAM perform over the long term?

See historical performance and comparison

AAM Stock Overview

Risk Analysis

AuMEGA Metals Ltd Competitors

ASX:SUH

AU$25.0m

ASX:MTM

AU$24.0m

ASX:CAE

AU$26.6m

ASX:AMD

AU$19.5m

Price History & Performance

Recent News & Updates

AuMEGA Metals Ltd Further Demonstrates Prospectivity at Bunker Hill and Announces Malachite Drill Results

New major risk - Shareholder dilution

Price target decreased by 14% to AU$0.16

AuMEGA Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 14.082129 million.

AuMEGA Metals Ltd announced that it expects to receive AUD 10 million in funding

AuMEGA Metals Ltd Reports Preliminary Results of the Recently Completed High-Resolution, Airborne Magnetic and VLF Survey over the Entire Bunker Hill Project, Located Along the Cape Ray Shear Zone in Newfoundland and Labrador, Canada

Recent updates

AuMEGA Metals Ltd Further Demonstrates Prospectivity at Bunker Hill and Announces Malachite Drill Results

New major risk - Shareholder dilution

Price target decreased by 14% to AU$0.16

AuMEGA Metals Ltd has filed a Follow-on Equity Offering in the amount of AUD 14.082129 million.

AuMEGA Metals Ltd announced that it expects to receive AUD 10 million in funding

AuMEGA Metals Ltd Reports Preliminary Results of the Recently Completed High-Resolution, Airborne Magnetic and VLF Survey over the Entire Bunker Hill Project, Located Along the Cape Ray Shear Zone in Newfoundland and Labrador, Canada

We're Keeping An Eye On AuMEGA Metals' (ASX:AAM) Cash Burn Rate

AuMEGA Metals Ltd Announces Start of Phase Two Diamond Drilling

New minor risk - Share price stability

Aumega Metals Identifies Several New Exploration Targets Following Completion of Technical Workshop

New minor risk - Share price stability

Will Matador Mining (ASX:MZZ) Spend Its Cash Wisely?

Matador Mining Limited, Annual General Meeting, May 30, 2024

Price target increased by 24% to AU$0.19

Price target decreased by 11% to AU$0.20

New major risk - Shareholder dilution

New minor risk - Financial data availability

New minor risk - Share price stability

Price target decreased by 22% to AU$0.23

Matador Mining Limited Announces Executive Changes

Matador Confirms Basement Gold Mineralisation At Malachite

Matador Mining Limited Announces Assays from Malachite Prospecting Program

No longer forecast to breakeven

No independent directors

Matador Mining Limited Announces Board Changes

Matador Mining Limited announced that it expects to receive AUD 3.603396 million in funding from B2Gold Corp.

Matador Mining Limited Announces Commencement of Drilling at Malachite in Newfoundland

Matador Mining Limited, Annual General Meeting, Nov 11, 2022

Matador Mining Limited Defines Diamond Drill Targets At Malachite

Kerry Sparkes Joins Matador Mining Limited Board of Directors, Effective 1 September 2022

Matador Mining Limited Announces Executive Changes

Price target decreased to AU$0.57

Matador Mining Limited Reports the Outstanding Results from Extensive Till Sampling Program Completed in Late 2021 Near Cape Ray Gold Project in Newfoundland

Matador Mining Limited Intersects High Grade Gold Mineralisation at Central Zone, Cape Ray Gold Project

Non-Executive Director recently bought AU$59k worth of stock

Matador Mining Limited Announces Resignation of Mick Wilkes from Board

No independent directors

Matador Mining Limited Announces Initial Results from an Extensive Till Sampling Program Completed in Late 2021 Near the Cape Ray Gold Project in Newfoundland, Canada

Insider recently sold AU$597k worth of stock

Matador Mining Limited Announces New Data Doubles Gold Target at Window Glass Hill Granite to Six Kilometres of Strike Length

Now 21% undervalued after recent price drop

Matador Mining Limited Announces Inaugural Winter Drill Program Commences At Cape Ray

Matador Mining Limited Appoints Sam Pazuki as CEO, Effective from 1 May 2022

Executive Chairman recently bought AU$169k worth of stock

Is Matador Mining Limited (ASX:MZZ) Trading At A 48% Discount?

Price target increased to AU$0.75

Forecast to breakeven in 2024

Matador Mining Limited Announces Phase One of High-Resolution, Heli-Mag Geophysics Program Is Nearing Completion at the Cape Ray Gold Project

Matador Increases Landholding Across Newfoundland

Chief Financial Officer has left the company

Matador Mining Limited Announces Excellent Metallurgical Recoveries Achieved At Cape Ray Gold Project

Calculating The Intrinsic Value Of Matador Mining Limited (ASX:MZZ)

Matador Mining Limited Announces Start of Diamond Drilling Program Underway At Cape Ray Gold Project

Forecast breakeven pushed back to 2024

Matador Mining Limited Commences 2021 Exploration Program At Cape Ray

Price target decreased to AU$0.70

Executive Chairman recently bought AU$59k worth of stock

Matador Mining Limited (ASX:MZZ) Is Expected To Breakeven In The Near Future

Matador Mining Limited Provides Update on Exploration Drill Results for the Company's 100% Owned Cape Ray Gold Project in Newfoundland, Canada

Matador Mining Limited Provides an Update on Exploration Results Received for Cape Ray Gold Project in Newfoundland, Canada