Magnum Mining and Exploration (CHIA:MGU) - Stock Price, News & Analysis

MGU Stock Overview

Engages in the exploration and evaluation of mineral properties in Australia. More details

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

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (A$7M)

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

Earnings have declined by 17% per year over past 5 years

+ 1 more risk

Magnum Mining and Exploration Limited Competitors

MinRex Resources

ASX:MRR

AU$8.7m

Strategic Energy Resources

ASX:SER

AU$5.7m

Voltaic Strategic Resources

ASX:VSR

AU$7.4m

Pacific Nickel Mines

ASX:PNM

AU$10.1m

Price History & Performance

Summary of all time highs, changes and price drops for Magnum Mining and Exploration
Historical stock prices
Current Share Price	AU$0.0095
52 Week High	AU$0.034
52 Week Low	AU$0.0095
Beta	0.54
11 Month Change	-13.64%
3 Month Change	-20.83%
1 Year Change	-64.81%
33 Year Change	-88.55%
5 Year Change	-82.73%
Change since IPO	-82.24%

Recent updates

Shareholder Returns

	MGU	AU Metals and Mining	AU Market
7D	-5.0%	1.6%	0.9%
1Y	-64.8%	-10.8%	18.4%

Return vs Industry: MGU underperformed the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: MGU underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is MGU's price volatile compared to industry and market?
MGU volatility
MGU Average Weekly Movement	25.7%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.3%

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

Volatility Over Time: MGU's weekly volatility has increased from 18% to 26% over the past year.

About the Company

Founded	Employees	CEO	Website
1986	n/a	Neil Goodman	www.mmel.com.au

Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties in Australia. The company holds 100% interest in the Buena Vista iron ore project located in Nevada, United States. It also holds interest in HIsmelt Green Pig Iron Project located in Nevada in the United States; and Appalachian Iron HIsmelt Green Pig Iron Project located in West Viriginia in the United States.

Magnum Mining and Exploration Limited Fundamentals Summary

How do Magnum Mining and Exploration's earnings and revenue compare to its market cap?
MGU fundamental statistics
Market cap	AU$7.28m
Earnings (TTM)	-AU$2.81m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-2.6x

P/E Ratio

Is MGU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

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

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0035
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MGU perform over the long term?

See historical performance and comparison

MGU Stock Overview

Risk Analysis

Magnum Mining and Exploration Limited Competitors

ASX:MRR

AU$8.7m

ASX:SER

AU$5.7m

ASX:VSR

AU$7.4m

ASX:PNM

AU$10.1m

Price History & Performance

Recent News & Updates

Magnum Mining and Exploration Limited (ASX:MGU) agreed to acquire Palmares Estudos Geologicos LTDA from Beko Investments Ltd for $1.7 million.

Magnum Mining and Exploration Limited (ASX:MGU) agreed to acquire Palmares Estudos Geologicos LTDA from Beko Investments Ltd for $1.7 million.

New major risk - Financial position

New major risk - Share price stability

New major risk - Share price stability

Magnum Mining and Exploration Limited has filed a Follow-on Equity Offering in the amount of AUD 14.97225 million.

Recent updates

Magnum Mining and Exploration Limited (ASX:MGU) agreed to acquire Palmares Estudos Geologicos LTDA from Beko Investments Ltd for $1.7 million.

Magnum Mining and Exploration Limited (ASX:MGU) agreed to acquire Palmares Estudos Geologicos LTDA from Beko Investments Ltd for $1.7 million.

New major risk - Financial position

New major risk - Share price stability

New major risk - Share price stability

Magnum Mining and Exploration Limited has filed a Follow-on Equity Offering in the amount of AUD 14.97225 million.

Magnum Mining and Exploration Limited, Annual General Meeting, May 31, 2024

New major risk - Share price stability

New major risk - Market cap size

New major risk - Shareholder dilution

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.011 loss in 1H 2022)

Magnum Mining and Exploration Limited Announces Executive Changes

Magnum Mining and Exploration Limited Announces Executive Changes

Magnum Mining and Exploration Limited, Annual General Meeting, May 31, 2023

Full year 2022 earnings released: AU$0.009 loss per share (vs AU$0.012 loss in FY 2021)

Magnum Mining & Exploration Ltd Announces Lithium Discovery At Buena Vista

Magnum Mining & Exploration Announces Significant Exploration Target Define for Its Buena Vista Green Pig Iron Project in Nevada, USA

No independent directors

Magnum Mining and Exploration Limited Completes High Resolution Aeromagnetic Survey of Its Buena Vista Green Pig Iron Project

Magnum Mining and Exploration Limited (ASX:MGU) entered into a binding share purchase agreement to acquire 100% of the issued capital of Appalachian Iron Inc. from Neil Goodman for AUD 1.1 million.

First half 2022 earnings released: AU$0.011 loss per share (vs AU$0.009 loss in 1H 2021)

Magnum Mining and Exploration Limited Announces Exploration Target Defined, Field Work Begins

Magnum Mining and Exploration Limited Appoints Neil Goodman as Chief Executive Officer

Magnum Mining and Exploration Limited Announces Executive Appointments

Magnum Mining and Exploration Limited Announces Executive Appointments

Magnum Mining and Exploration Limited Announces Board Changes

Magnum Mining and Exploration Limited announced that it expects to receive AUD 20 million in funding

No independent directors

Full year 2021 earnings released: AU$0.012 loss per share (vs AU$0.001 loss in FY 2020)

Full year 2021 earnings released: AU$0.012 loss per share (vs AU$0.001 loss in FY 2020)

Insider recently bought AU$416k worth of stock

Magnum Mining and Exploration Limited Provides Green Iron Production Pathway Update

Magnum Mining and Exploration Limited Provides Progress Update

Magnum Mining and Exploration Limited Releases Project Plan for DSO

Magnum Mining and Exploration Limited Provides Update from Recent Sample Testing Completed by American Assay Laboratories

Executive Director has left the company

Magnum Mining and Exploration Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million.

Independent Non-Executive Chairman of the Board Howard Dawson has left the company

Full year 2020 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in FY 2019)

Magnum Mining & Exploration Announces Board Appointments, Effective from March 10, 2021

Non-Executive Director has left the company

Magnum Mining and Exploration Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Magnum Mining and Exploration Limited Announces High Grade Outcropping Magnetite Prospect Located at Buena Vista

Magnum Mining and Exploration Limited Announces Appointment of Consultants

Magnum Mining & Exploration to Commence Study into Direct Shipping Ore Operation At Buena Vista Magnetite Project

Magnum Mining and Exploration Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.

Magnum Mining and Exploration Limited, Annual General Meeting, Jan 11, 2021

Magnum Mining & Exploration Limited Appoints Simon Baldwin as Director

Magnum Mining and Exploration Limited (ASX:MGU) entered into a binding Sale and Purchase Agreement to acquire Buena Vista Magnetite iron ore project in Nevada for AUD 7 million.

First half earnings released

Shareholder Returns

Price Volatility

About the Company

Magnum Mining and Exploration Limited Fundamentals Summary

0.0x

-2.6x

Earnings & Revenue