New Murchison Gold (ASX:NMG) - Stock Price, News & Analysis

NMG Stock Overview

Engages in the mineral exploration activities in Australia. More details

NMG fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$83K)

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

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$66M)

New Murchison Gold Limited Competitors

Focus Minerals

ASX:FML

AU$51.6m

Unico Silver

ASX:USL

AU$85.4m

Warriedar Resources

ASX:WA8

AU$38.9m

Great Boulder Resources

ASX:GBR

AU$38.2m

Price History & Performance

Summary of all time highs, changes and price drops for New Murchison Gold
Historical stock prices
Current Share Price	AU$0.009
52 Week High	AU$0.012
52 Week Low	AU$0.004
Beta	0.66
11 Month Change	0%
3 Month Change	80.00%
1 Year Change	38.46%
33 Year Change	-35.71%
5 Year Change	-55.00%
Change since IPO	-97.72%

Recent updates

Shareholder Returns

	NMG	AU Metals and Mining	AU Market
7D	-10.0%	-0.6%	-0.3%
1Y	38.5%	-11.0%	18.4%

Return vs Industry: NMG exceeded the Australian Metals and Mining industry which returned -11% over the past year.

Return vs Market: NMG exceeded the Australian Market which returned 18.4% over the past year.

Price Volatility

Is NMG's price volatile compared to industry and market?
NMG volatility
NMG Average Weekly Movement	18.0%
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: NMG's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: NMG's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2003	9	Alex Passmore	www.newmurchgold.com.auflag

New Murchison Gold Limited engages in the mineral exploration activities in Australia. It primarily explores for gold. The company holds interest in the Garden Gully property comprising a 677 square kilometers tenure package covering the Abbots Greenstone Belt.

New Murchison Gold Limited Fundamentals Summary

How do New Murchison Gold's earnings and revenue compare to its market cap?
NMG fundamental statistics
Market cap	AU$66.20m
Earnings (TTM)	-AU$2.81m
Revenue (TTM)	AU$83.49k

793.0x

P/S Ratio

-23.6x

P/E Ratio

Is NMG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NMG income statement (TTM)
Revenue	AU$83.49k
Cost of Revenue	AU$0
Gross Profit	AU$83.49k
Other Expenses	AU$2.89m
Earnings	-AU$2.81m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00038
Gross Margin	100.00%
Net Profit Margin	-3,365.16%
Debt/Equity Ratio	0%

How did NMG perform over the long term?

See historical performance and comparison

NMG Stock Overview

Risk Analysis

New Murchison Gold Limited Competitors

ASX:FML

AU$51.6m

ASX:USL

AU$85.4m

ASX:WA8

AU$38.9m

ASX:GBR

AU$38.2m

Price History & Performance

Recent News & Updates

Independent Non-Executive Chairman exercised options to buy AU$201k worth of stock.

New major risk - Shareholder dilution

Ora Gold Limited has filed a Follow-on Equity Offering.

Ora Gold Limited, Annual General Meeting, Feb 28, 2024

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2022)

Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Recent updates

Independent Non-Executive Chairman exercised options to buy AU$201k worth of stock.

New major risk - Shareholder dilution

Ora Gold Limited has filed a Follow-on Equity Offering.

Ora Gold Limited, Annual General Meeting, Feb 28, 2024

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2022)

Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Ora Gold Limited, Annual General Meeting, Oct 27, 2023

Ora Gold Limited (ASX:OAU) completed the acquisition of Murchison Project of Sipa Exploration NL for AUD 1.4 million.

Ora Gold Limited (ASX:OAU) completed the acquisition of Murchison Project of Sipa Exploration NL for AUD 1.4 million.

Ora Gold Limited (ASX:OAU) entered into a binding agreement to acquire Murchison Project of Sipa Exploration NL for AUD 1.4 million.

First half 2023 earnings released: AU$0.06 loss per share (vs AU$0.001 loss in 1H 2022)

Ora Gold Limited Announces Further High-Grade Results from the Remaining Assays of the Latest Drilling Program At the Crown Prince Gold Prospect

Ora Gold Limited, Annual General Meeting, Feb 24, 2023

Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2021)

Ora Gold Limited Announces New High Grade Gold Intercepts at Crown Prince

Insufficient new directors

Ora Gold Limited Announces Resignation of Philip Bruce as Non Executive Director, with Effect from September 16, 2022

Ora Gold Limited Announces Gold Potential on Abernethy Shear Zone

First half 2022 earnings released

Ora Gold Limited Completes Diamond Drill Hole at the Kingswood Gold Prospect in the Abernethy Shear Zone

Less than half of directors are independent

Ora Gold Limited Announces Kingswood Gold Prospect - Deep Drilling Underway At Abernethy

Ora Gold Limited Announces Excellent Gold Results At Kingswood and Transylvania Prospects

Ora Gold Limited Announces Excellent Gold Results At Kingswood and Transylvania Prospects

Ora Gold Limited Announces That Mining Leases Have Been Granted by the Department of Mines, Industry, Regulation and Safety for the Company's 100% Owned Crown Prince and Lydia Gold Projects

Ora Gold Ordinary Shares to be Deleted from Other OTC

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Ora Gold Limited Announces Drilling Underway At Transylvania & Young Prospects

First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2020)

Ora Gold Limited Announces Excellent Results from the Latest Reverse Circulation Drilling Program at the Abbotts Gold Project

Ora Gold Limited, Annual General Meeting, Feb 26, 2021

Ora Gold Limited Provides Update on Crown Prince Gold Project on Native Title Negotiation

Full year 2020 earnings released: AU$0.004 loss per share

Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.726 million.

Shareholder Returns

Price Volatility

About the Company

New Murchison Gold Limited Fundamentals Summary

793.0x

-23.6x

Earnings & Revenue