Musgrave Minerals (DB:6MU) - Stock Price, News & Analysis

6MU Stock Overview

Musgrave Minerals Limited engages in the exploration and development of mineral properties in Australia. More details

6MU fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$314K)

Highly volatile share price over the past 3 months

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk

Musgrave Minerals Limited Competitors

Greenland Resources

DB:M0LY

€78.4m

IberAmerican Lithium

DB:W2C

€1.0m

Eisen- und Hüttenwerke

DB:EIS

€202.4m

Pasinex Resources

DB:PNX

€1.4m

Price History & Performance

Summary of all time highs, changes and price drops for Musgrave Minerals
Historical stock prices
Current Share Price	AU$0.22
52 Week High	AU$0.22
52 Week Low	AU$0.10
Beta	0.72
11 Month Change	20.22%
3 Month Change	11.11%
1 Year Change	48.65%
33 Year Change	-29.03%
5 Year Change	609.68%
Change since IPO	58.27%

Recent updates

Shareholder Returns

	6MU	DE Metals and Mining	DE Market
7D	0%	1.3%	0.8%
1Y	48.6%	-26.8%	9.1%

Return vs Industry: 6MU exceeded the German Metals and Mining industry which returned 1.7% over the past year.

Return vs Market: 6MU exceeded the German Market which returned 5.9% over the past year.

Price Volatility

Is 6MU's price volatile compared to industry and market?
6MU volatility
6MU Average Weekly Movement	10.2%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 6MU has not had significant price volatility in the past 3 months.

Volatility Over Time: 6MU's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Rob Waugh	musgraveminerals.com.au

Musgrave Minerals Limited engages in the exploration and development of mineral properties in Australia. The company primarily explores for silver, gold, copper, and nickel deposits. It focuses on the Cue Project in the Murchison Province of Western Australia.

Musgrave Minerals Limited Fundamentals Summary

How do Musgrave Minerals's earnings and revenue compare to its market cap?
6MU fundamental statistics
Market cap	€139.92m
Earnings (TTM)	-€1.45m
Revenue (TTM)	€190.81k

733.3x

P/S Ratio

-96.8x

P/E Ratio

Is 6MU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6MU income statement (TTM)
Revenue	AU$314.43k
Cost of Revenue	AU$0
Gross Profit	AU$314.43k
Other Expenses	AU$2.70m
Earnings	-AU$2.38m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.004
Gross Margin	100.00%
Net Profit Margin	-757.73%
Debt/Equity Ratio	0%

How did 6MU perform over the long term?

See historical performance and comparison

6MU Stock Overview

Risk Analysis

Musgrave Minerals Limited Competitors

DB:M0LY

€78.4m

DB:W2C

€1.0m

DB:EIS

€202.4m

DB:PNX

€1.4m

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2022)

New minor risk - Financial data availability

New minor risk - Financial data availability

Musgrave Minerals Limited Announces Executive Changes

Musgrave Minerals Limited, Annual General Meeting, Nov 16, 2023

New major risk - Share price stability

Recent updates

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2022)

New minor risk - Financial data availability

New minor risk - Financial data availability

Musgrave Minerals Limited Announces Executive Changes

Musgrave Minerals Limited, Annual General Meeting, Nov 16, 2023

New major risk - Share price stability

Westgold Resources Limited (ASX:WGX) agreed to acquire Musgrave Minerals Limited (ASX:MGV)for approximately AUD 180 mullion.

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.001 loss in 1H 2022)

Musgrave Minerals Limited Announces Amarillo and Big Sky Drilling Results Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Limited Announces Further Gold Intersections, West Island Cue JV

Musgrave Minerals Limited Receives Initial Metallurgical Test Work Results from Master Composite Samples for the White Heat-Mosaic and Big Sky Deposits

Musgrave Minerals Ltd Announces Encouraging Gold Intercepts Continue at Big Sky

Less than half of directors are independent

Musgrave Minerals Ltd Reports High-Grade Drilling Results Continue at White Heat-Mosaic

Musgrave Minerals Ltd. Reports Further Assay Results from Diamond and Aircore Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd in Western Australia's Murchison District

Musgrave Minerals Limited, Annual General Meeting, Nov 08, 2022

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.006 loss in FY 2021)

Musgrave Minerals Ltd Reports High-Grade Gold At Waratah and New Regional Targets At Cue Gold Project

Musgrave Minerals Ltd Reports Further Strong Assay Results from Reverse Circulation Drilling At the Big Sky Deposit South-West of Lena

Musgrave Minerals Limited, Annual General Meeting, Sep 08, 2022

Musgrave Minerals Ltd Reports Further High-Grade Gold Assay Results from Reverse Circulation and Diamond Drilling Along the Break of Day Trend At the White Heat-Mosaic Deposit

Musgrave Minerals Limited Announces High-Grade Gold Intersected at West Is, Cue JV

Musgrave Minerals Limited Announces High Grade Gold At Amarillo & New Regional Targets

Musgrave Minerals Ltd Reports A Significant Mineral Resource Estimate Update on its 100% Owned Tenure At Flagship Cue Gold Project in Western Australia's Murchison District

Less than half of directors are independent

Musgrave Minerals Limited Reports Further Assay Results from Diamond and Aircore Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd in Western Australia's Murchison District

Insider recently bought €588k worth of stock

Musgrave Minerals Limited Reports Further Strong Assay Results from Reverse Circulation and Diamond Drilling at the Big Sky Prospect

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Musgrave Minerals Limited Reports Gold Assay Results from Reverse Circulation and Diamond Drilling At the New Mosaic Target South of White Heat

Musgrave Minerals Ltd Reports Further Assay Results from the Current Aircore and Diamond Drilling Programs on the Cue Joint Venture with Evolution Mining Ltd (Evolution) over Lake Austin in Western Australia's Murchison District

Musgrave Minerals Ltd Reports Further Strong Assay Results from Reverse Circulation Drilling at Amarillo Prospect

Independent Non-Executive Director recently sold €115k worth of stock

Full year 2021 earnings released: AU$0.006 loss per share (vs AU$0.002 profit in FY 2020)

Insider recently bought €1.6m worth of stock

Musgrave Minerals Limited Reports Further Strong Assay Results from Reverse Circulation Drilling At the Big Sky and Target 14

Musgrave Minerals Limited Reports High-Grade Gold in Basement at West Island - Evolution JV, Cue

Musgrave Minerals Limited Reports Strong Assay Results from Reverse Circulation Drilling at the Big Sky Prospect

Musgrave Minerals Limited Reports Further High-Grade Reverse Circulation Gold Assay Results from the White Heat and Numbers Prospects on its 100% Owned Ground at Its Flagship Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Ltd Reports Assay Results from Big Sky Prospect

Musgrave Minerals Ltd Reports Further High-Grade Reverse Circulation Gold Assay Results from the New White Heat Prospect

Musgrave Minerals Ltd to Report Further Strong Reverse Circulation Gold Assay Results from Regional Drilling of New Targets on Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Limited Reports the Further High-Grade Reverse Circulation Gold Assay Results from the Newly Discovered White Heat Prospect

Musgrave Minerals Limited Appoints Brett Lambert as Non-Executive Director

Musgrave Minerals Ltd Reports Strong Reverse Circulation Assay Results from the Newly Discovered White Heat Prospect on 100% Owned Ground at Cue Gold Project in Western Australia's Murchison District

Musgrave Minerals Ltd Reports Further Assay Results from the Recent Regional Scout Aircore Drilling Program

Musgrave Minerals Limited Announces Further Strong Assay Results from Regional Aircore Drilling Across Numerous Targets on Its 100% Owned Ground At Its Cue Gold Project

New 90-day low: €0.21

Musgrave Minerals Ltd Announces Scout Drilling Intersects High-Grade Gold and Defines Large Gold Zones Under Lake Austin, Evolution JV

Independent Non-Executive Director recently sold €63k worth of stock

Musgrave Minerals Limited Announces New White Heat Discovery and Regional Drilling Success

New 90-day low: €0.23

New 90-day low: €0.29

Musgrave Minerals Ltd Reports Assay Results for the First 49 Aircore/Reverse Circulation Drill Holes from the Current Regional Program on its 100%-Owned Ground at its Flagship Cue Gold Project

Musgrave Minerals Limited Announces Results for the Remaining Reverse Circulation ("Rc") and Diamond Drill Holes from the Current Program At the New Starlight and White Light Gold Discoveries At Break of Day

Independent Non-Executive Director recently sold €150k worth of stock

Musgrave Minerals Limited Reports Infill Drilling At Break of Day

New 90-day high - €0.45

New 90-day high - €0.40

Shareholder Returns