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Magmatic Resources Ltd
Buy, Hold or Sell?

Let's analyze Magmatic Resources Ltd together

I guess you are interested in Magmatic Resources Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Magmatic Resources Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Magmatic Resources Ltd (30 sec.)










1.2. What can you expect buying and holding a share of Magmatic Resources Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
40.0%

What is your share worth?

Current worth
A$0.02
Expected worth in 1 year
A$0.07
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
A$0.05
Return On Investment
101.2%

For what price can you sell your share?

Current Price per Share
A$0.05
Expected price per share
A$0.035 - A$0.059
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Magmatic Resources Ltd (5 min.)




Live pricePrice per Share (EOD)
A$0.05
Intrinsic Value Per Share
A$-0.11 - A$-0.04
Total Value Per Share
A$-0.09 - A$-0.02

2.2. Growth of Magmatic Resources Ltd (5 min.)




Is Magmatic Resources Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$6.1m$2.8m$3.2m53.3%

How much money is Magmatic Resources Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$2.2m-$4.9m$2.7m121.6%
Net Profit Margin-3,766.7%-13,847.7%--

How much money comes from the company's main activities?

2.3. Financial Health of Magmatic Resources Ltd (5 min.)




2.4. Comparing to competitors in the Gold industry (5 min.)




  Industry Rankings (Gold)  


Richest
#277 / 463

Most Revenue
#142 / 463

Most Profit
#356 / 463

Most Efficient
#426 / 463
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Magmatic Resources Ltd?

Welcome investor! Magmatic Resources Ltd's management wants to use your money to grow the business. In return you get a share of Magmatic Resources Ltd.

First you should know what it really means to hold a share of Magmatic Resources Ltd. And how you can make/lose money.

Speculation

The Price per Share of Magmatic Resources Ltd is A$0.047. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Magmatic Resources Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Magmatic Resources Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.02. Based on the TTM, the Book Value Change Per Share is A$0.01 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.01 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Magmatic Resources Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.01-11.4%-0.01-11.4%-0.01-25.2%-0.01-11.4%0.00-8.6%
Usd Book Value Change Per Share0.0116.7%0.0116.7%0.00-8.0%0.005.4%0.003.1%
Usd Dividend Per Share0.000.0%0.000.0%0.0114.9%0.0110.7%0.005.5%
Usd Total Gains Per Share0.0116.7%0.0116.7%0.006.9%0.0116.1%0.008.6%
Usd Price Per Share0.04-0.04-0.06-0.07-0.05-
Price to Earnings Ratio-7.28--7.28--5.01-0.52--2.16-
Price-to-Total Gains Ratio4.96-4.96-18.41-2.44--0.18-
Price to Book Ratio2.65-2.65-8.65-7.53-6.40-
Price-to-Total Gains Ratio4.96-4.96-18.41-2.44--0.18-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0309542
Number of shares32305
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.01
Usd Book Value Change Per Share0.010.00
Usd Total Gains Per Share0.010.01
Gains per Quarter (32305 shares)253.11244.67
Gains per Year (32305 shares)1,012.42978.68
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1010121002648331969
202025201412966621948
303037302619449922927
4040504038259113233906
5050625050323916544885
6060756062388719855864
7070877074453523166843
8080998086518326477822
9091129098583129778801
1001012410110647933089780

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%1.09.00.010.0%5.010.00.033.3%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%3.02.00.060.0%4.06.00.040.0%7.08.00.046.7%
Dividend per Share0.00.01.00.0%1.00.02.033.3%3.00.02.060.0%4.00.06.040.0%8.00.07.053.3%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%5.05.00.050.0%9.06.00.060.0%
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3.2. Key Performance Indicators

The key performance indicators of Magmatic Resources Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0120.0120%-0.006+148%0.004+206%0.002+433%
Book Value Per Share--0.0220.0220%0.010+114%0.016+38%0.010+128%
Current Ratio--11.21611.2160%6.006+87%9.731+15%5.874+91%
Debt To Asset Ratio--0.1070.1070%0.101+5%0.091+17%1.087-90%
Debt To Equity Ratio--0.1190.1190%0.113+6%0.101+18%0.165-28%
Dividend Per Share----0%0.011-100%0.008-100%0.004-100%
Eps---0.008-0.0080%-0.018+122%-0.008+1%-0.006-24%
Free Cash Flow Per Share---0.007-0.0070%-0.016+121%-0.009+29%-0.006-19%
Free Cash Flow To Equity Per Share--0.0080.0080%-0.005+161%0.003+183%0.002+374%
Gross Profit Margin--1.7271.7270%1.855-7%1.594+8%1.530+13%
Intrinsic Value_10Y_max---0.045--------
Intrinsic Value_10Y_min---0.110--------
Intrinsic Value_1Y_max---0.006--------
Intrinsic Value_1Y_min---0.011--------
Intrinsic Value_3Y_max---0.016--------
Intrinsic Value_3Y_min---0.033--------
Intrinsic Value_5Y_max---0.025--------
Intrinsic Value_5Y_min---0.055--------
Market Cap19601397.376-26%24606009.47224606009.4720%37534590.720-34%46034090.263-47%30486428.685-19%
Net Profit Margin---37.667-37.6670%-138.477+268%-41.575+10%-298.632+693%
Operating Margin---38.201-38.2010%-141.930+272%-81.110+112%-316.285+728%
Operating Ratio--40.68040.6800%141.930-71%81.606-50%444.533-91%
Pb Ratio2.107-26%2.6452.6450%8.646-69%7.531-65%6.400-59%
Pe Ratio-5.797+20%-7.277-7.2770%-5.010-31%0.518-1504%-2.161-70%
Price Per Share0.047-26%0.0590.0590%0.090-34%0.110-47%0.073-19%
Price To Free Cash Flow Ratio-6.454+20%-8.102-8.1020%-5.580-31%-13.329+65%-12.669+56%
Price To Total Gains Ratio3.951-26%4.9604.9600%18.408-73%2.443+103%-0.180+104%
Quick Ratio--11.21611.2160%5.755+95%9.630+16%5.822+93%
Return On Assets---0.325-0.3250%-1.551+378%-0.571+76%-1.119+245%
Return On Equity---0.363-0.3630%-1.726+375%-0.625+72%-0.683+88%
Total Gains Per Share--0.0120.0120%0.005+143%0.011+3%0.006+93%
Usd Book Value--6126534.9556126534.9550%2858993.796+114%4439884.723+38%2689090.737+128%
Usd Book Value Change Per Share--0.0080.0080%-0.004+148%0.003+206%0.001+433%
Usd Book Value Per Share--0.0150.0150%0.007+114%0.011+38%0.006+128%
Usd Dividend Per Share----0%0.007-100%0.005-100%0.003-100%
Usd Eps---0.005-0.0050%-0.012+122%-0.005+1%-0.004-24%
Usd Free Cash Flow---2000185.324-2000185.3240%-4429892.444+121%-2583157.759+29%-1628549.791-19%
Usd Free Cash Flow Per Share---0.005-0.0050%-0.011+121%-0.006+29%-0.004-19%
Usd Free Cash Flow To Equity Per Share--0.0050.0050%-0.003+161%0.002+183%0.001+374%
Usd Market Cap12909480.312-26%16205517.83816205517.8380%24720281.448-34%30318051.847-47%20078361.932-19%
Usd Price Per Share0.031-26%0.0390.0390%0.059-34%0.073-47%0.048-19%
Usd Profit---2226963.696-2226963.6960%-4933895.973+122%-2242124.931+1%-1692808.471-24%
Usd Revenue--59123.18159123.1810%35629.601+66%64401.333-8%53265.460+11%
Usd Total Gains Per Share--0.0080.0080%0.003+143%0.008+3%0.004+93%
 EOD+2 -6MRQTTM+0 -0YOY+27 -95Y+27 -910Y+24 -12

3.3 Fundamental Score

Let's check the fundamental score of Magmatic Resources Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-5.797
Price to Book Ratio (EOD)Between0-12.107
Net Profit Margin (MRQ)Greater than0-37.667
Operating Margin (MRQ)Greater than0-38.201
Quick Ratio (MRQ)Greater than111.216
Current Ratio (MRQ)Greater than111.216
Debt to Asset Ratio (MRQ)Less than10.107
Debt to Equity Ratio (MRQ)Less than10.119
Return on Equity (MRQ)Greater than0.15-0.363
Return on Assets (MRQ)Greater than0.05-0.325
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of Magmatic Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose0.051
Total1/1 (100.0%)

4. In-depth Analysis

4.1 About Magmatic Resources Ltd

Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. The company explores for gold and copper deposits. Magmatic Resources Limited holds 100% interests in the Myall, Parkes, and Wellington North projects located in the East Lachlan region, New South Wales. The company was incorporated in 2016 and is headquartered in Orange, Australia.

Fundamental data was last updated by Penke on 2024-11-04 21:31:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Magmatic Resources Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Magmatic Resources Ltd to the Gold industry mean.
  • A Net Profit Margin of -3,766.7% means that $-37.67 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Magmatic Resources Ltd:

  • The MRQ is -3,766.7%. The company is making a huge loss. -2
  • The TTM is -3,766.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-3,766.7%TTM-3,766.7%0.0%
TTM-3,766.7%YOY-13,847.7%+10,081.1%
TTM-3,766.7%5Y-4,157.5%+390.9%
5Y-4,157.5%10Y-29,863.2%+25,705.7%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-3,766.7%7.1%-3,773.8%
TTM-3,766.7%-0.3%-3,766.4%
YOY-13,847.7%-4.3%-13,843.4%
5Y-4,157.5%-18.6%-4,138.9%
10Y-29,863.2%-32.1%-29,831.1%
4.3.1.2. Return on Assets

Shows how efficient Magmatic Resources Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Magmatic Resources Ltd to the Gold industry mean.
  • -32.5% Return on Assets means that Magmatic Resources Ltd generated $-0.32 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Magmatic Resources Ltd:

  • The MRQ is -32.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -32.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-32.5%TTM-32.5%0.0%
TTM-32.5%YOY-155.1%+122.6%
TTM-32.5%5Y-57.1%+24.6%
5Y-57.1%10Y-111.9%+54.9%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-32.5%-3.2%-29.3%
TTM-32.5%-3.4%-29.1%
YOY-155.1%-3.7%-151.4%
5Y-57.1%-5.9%-51.2%
10Y-111.9%-8.3%-103.6%
4.3.1.3. Return on Equity

Shows how efficient Magmatic Resources Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Magmatic Resources Ltd to the Gold industry mean.
  • -36.3% Return on Equity means Magmatic Resources Ltd generated $-0.36 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Magmatic Resources Ltd:

  • The MRQ is -36.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -36.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-36.3%TTM-36.3%0.0%
TTM-36.3%YOY-172.6%+136.2%
TTM-36.3%5Y-62.5%+26.1%
5Y-62.5%10Y-68.3%+5.8%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-36.3%-2.9%-33.4%
TTM-36.3%-3.3%-33.0%
YOY-172.6%-3.9%-168.7%
5Y-62.5%-6.0%-56.5%
10Y-68.3%-9.0%-59.3%
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4.3.2. Operating Efficiency of Magmatic Resources Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Magmatic Resources Ltd is operating .

  • Measures how much profit Magmatic Resources Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Magmatic Resources Ltd to the Gold industry mean.
  • An Operating Margin of -3,820.1% means the company generated $-38.20  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Magmatic Resources Ltd:

  • The MRQ is -3,820.1%. The company is operating very inefficient. -2
  • The TTM is -3,820.1%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-3,820.1%TTM-3,820.1%0.0%
TTM-3,820.1%YOY-14,193.0%+10,373.0%
TTM-3,820.1%5Y-8,111.0%+4,291.0%
5Y-8,111.0%10Y-31,628.5%+23,517.4%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-3,820.1%12.4%-3,832.5%
TTM-3,820.1%9.8%-3,829.9%
YOY-14,193.0%2.0%-14,195.0%
5Y-8,111.0%-6.4%-8,104.6%
10Y-31,628.5%-23.5%-31,605.0%
4.3.2.2. Operating Ratio

Measures how efficient Magmatic Resources Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Gold industry mean).
  • An Operation Ratio of 40.68 means that the operating costs are $40.68 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Magmatic Resources Ltd:

  • The MRQ is 40.680. The company is inefficient in keeping operating costs low. -1
  • The TTM is 40.680. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ40.680TTM40.6800.000
TTM40.680YOY141.930-101.250
TTM40.6805Y81.606-40.926
5Y81.60610Y444.533-362.927
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ40.6800.955+39.725
TTM40.6800.967+39.713
YOY141.9301.300+140.630
5Y81.6061.466+80.140
10Y444.5331.511+443.022
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4.4.3. Liquidity of Magmatic Resources Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Magmatic Resources Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Gold industry mean).
  • A Current Ratio of 11.22 means the company has $11.22 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Magmatic Resources Ltd:

  • The MRQ is 11.216. The company is very able to pay all its short-term debts. +2
  • The TTM is 11.216. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ11.216TTM11.2160.000
TTM11.216YOY6.006+5.211
TTM11.2165Y9.731+1.486
5Y9.73110Y5.874+3.857
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ11.2162.238+8.978
TTM11.2162.532+8.684
YOY6.0062.956+3.050
5Y9.7314.175+5.556
10Y5.8744.810+1.064
4.4.3.2. Quick Ratio

Measures if Magmatic Resources Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Magmatic Resources Ltd to the Gold industry mean.
  • A Quick Ratio of 11.22 means the company can pay off $11.22 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Magmatic Resources Ltd:

  • The MRQ is 11.216. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 11.216. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ11.216TTM11.2160.000
TTM11.216YOY5.755+5.461
TTM11.2165Y9.630+1.587
5Y9.63010Y5.822+3.808
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ11.2160.874+10.342
TTM11.2161.228+9.988
YOY5.7551.506+4.249
5Y9.6302.139+7.491
10Y5.8222.646+3.176
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4.5.4. Solvency of Magmatic Resources Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Magmatic Resources Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Magmatic Resources Ltd to Gold industry mean.
  • A Debt to Asset Ratio of 0.11 means that Magmatic Resources Ltd assets are financed with 10.7% credit (debt) and the remaining percentage (100% - 10.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Magmatic Resources Ltd:

  • The MRQ is 0.107. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.107. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.107TTM0.1070.000
TTM0.107YOY0.101+0.005
TTM0.1075Y0.091+0.015
5Y0.09110Y1.087-0.996
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1070.212-0.105
TTM0.1070.202-0.095
YOY0.1010.182-0.081
5Y0.0910.214-0.123
10Y1.0870.271+0.816
4.5.4.2. Debt to Equity Ratio

Measures if Magmatic Resources Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Magmatic Resources Ltd to the Gold industry mean.
  • A Debt to Equity ratio of 11.9% means that company has $0.12 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Magmatic Resources Ltd:

  • The MRQ is 0.119. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.119. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.119TTM0.1190.000
TTM0.119YOY0.113+0.007
TTM0.1195Y0.101+0.018
5Y0.10110Y0.165-0.064
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1190.215-0.096
TTM0.1190.223-0.104
YOY0.1130.200-0.087
5Y0.1010.264-0.163
10Y0.1650.299-0.134
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Magmatic Resources Ltd generates.

  • Above 15 is considered overpriced but always compare Magmatic Resources Ltd to the Gold industry mean.
  • A PE ratio of -7.28 means the investor is paying $-7.28 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Magmatic Resources Ltd:

  • The EOD is -5.797. Based on the earnings, the company is expensive. -2
  • The MRQ is -7.277. Based on the earnings, the company is expensive. -2
  • The TTM is -7.277. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.797MRQ-7.277+1.480
MRQ-7.277TTM-7.2770.000
TTM-7.277YOY-5.010-2.267
TTM-7.2775Y0.518-7.795
5Y0.51810Y-2.161+2.680
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD-5.797-3.800-1.997
MRQ-7.277-3.789-3.488
TTM-7.277-4.552-2.725
YOY-5.010-5.619+0.609
5Y0.518-9.396+9.914
10Y-2.161-11.021+8.860
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Magmatic Resources Ltd:

  • The EOD is -6.454. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -8.102. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -8.102. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.454MRQ-8.102+1.648
MRQ-8.102TTM-8.1020.000
TTM-8.102YOY-5.580-2.522
TTM-8.1025Y-13.329+5.227
5Y-13.32910Y-12.669-0.660
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD-6.454-5.053-1.401
MRQ-8.102-4.770-3.332
TTM-8.102-5.165-2.937
YOY-5.580-5.828+0.248
5Y-13.329-10.480-2.849
10Y-12.669-12.6690.000
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Magmatic Resources Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Gold industry mean).
  • A PB ratio of 2.65 means the investor is paying $2.65 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Magmatic Resources Ltd:

  • The EOD is 2.107. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.645. Based on the equity, the company is underpriced. +1
  • The TTM is 2.645. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.107MRQ2.645-0.538
MRQ2.645TTM2.6450.000
TTM2.645YOY8.646-6.001
TTM2.6455Y7.531-4.886
5Y7.53110Y6.400+1.131
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD2.1071.478+0.629
MRQ2.6451.258+1.387
TTM2.6451.257+1.388
YOY8.6461.514+7.132
5Y7.5312.407+5.124
10Y6.4002.669+3.731
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Magmatic Resources Ltd.

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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2024-06-30. All numbers in thousands.

Summary
Total Assets10,412
Total Liabilities1,110
Total Stockholder Equity9,302
 As reported
Total Liabilities 1,110
Total Stockholder Equity+ 9,302
Total Assets = 10,412

Assets

Total Assets10,412
Total Current Assets6,604
Long-term Assets3,808
Total Current Assets
Cash And Cash Equivalents 6,335
Net Receivables 268
Inventory -268
Other Current Assets 268
Total Current Assets  (as reported)6,604
Total Current Assets  (calculated)6,604
+/-0
Long-term Assets
Property Plant Equipment 2,069
Long-term Assets Other 104
Long-term Assets  (as reported)3,808
Long-term Assets  (calculated)2,173
+/- 1,635

Liabilities & Shareholders' Equity

Total Current Liabilities589
Long-term Liabilities521
Total Stockholder Equity9,302
Total Current Liabilities
Short-term Debt 60
Accounts payable 235
Other Current Liabilities 292
Total Current Liabilities  (as reported)589
Total Current Liabilities  (calculated)586
+/- 2
Long-term Liabilities
Long-term Liabilities  (as reported)521
Long-term Liabilities  (calculated)0
+/- 521
Total Stockholder Equity
Common Stock28,291
Retained Earnings -25,716
Accumulated Other Comprehensive Income 6,728
Total Stockholder Equity (as reported)9,302
Total Stockholder Equity (calculated)9,302
+/-0
Other
Cash and Short Term Investments 6,335
Common Stock Shares Outstanding 390,961
Current Deferred Revenue2
Liabilities and Stockholders Equity 10,412
Net Debt -6,276
Net Working Capital 6,015
Short Long Term Debt Total 60



5.2. Balance Sheets Structured

All numbers in thousands.

 Trend2024-06-302023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-12-312016-06-302015-06-302014-06-302005-06-302004-06-302003-06-302002-06-30
> Total Assets 
73,534
75,453
73,973
70,127
79
43
101
3,849
4,649
2,863
2,098
6,233
8,589
7,129
4,830
10,412
10,4124,8307,1298,5896,2332,0982,8634,6493,849101437970,12773,97375,45373,534
   > Total Current Assets 
34,223
37,503
35,066
35,574
79
29
63
3,739
3,165
643
342
4,308
6,230
5,136
2,935
6,604
6,6042,9355,1366,2304,3083426433,1653,73963297935,57435,06637,50334,223
       Cash And Cash Equivalents 
26,461
30,469
29,486
29,145
79
12
46
3,711
3,080
553
233
4,235
6,122
5,019
2,855
6,335
6,3352,8555,0196,1224,2352335533,0803,71146127929,14529,48630,46926,461
       Net Receivables 
7,091
6,405
4,728
5,652
0
14
18
28
85
90
109
74
108
117
80
268
2688011710874109908528181405,6524,7286,4057,091
       Inventory 
671
629
852
777
0
0
0
0
-85
-90
-109
-74
-108
-117
-80
-268
-268-80-117-108-74-109-90-850000777852629671
   > Long-term Assets 
0
0
0
0
0
14
38
110
1,484
2,119
1,665
1,925
2,359
1,994
1,895
3,808
3,8081,8951,9942,3591,9251,6652,1191,484110381400000
       Property Plant Equipment 
39,311
37,950
38,907
34,079
0
4
28
0
1,413
2,087
1,650
205
132
157
105
2,069
2,0691051571322051,6502,0871,4130284034,07938,90737,95039,311
       Long Term Investments 
0
0
0
0
0
0
0
0
71
101
91
91
859
469
421
0
042146985991911017100000000
       Intangible Assets 
0
0
0
0
0
0
0
0
37
32
15
0
0
0
0
0
0000015323700000000
       Other Assets 
0
0
0
474
0
0
10
0
71
101
91
91
69
74
421
0
0421746991911017101000474000
> Total Liabilities 
17,784
16,384
14,057
11,012
92
213
474
109
385
658
902
420
1,070
398
489
1,110
1,1104893981,0704209026583851094742139211,01214,05716,38417,784
   > Total Current Liabilities 
8,531
8,656
8,325
5,678
92
213
474
109
385
531
902
344
1,041
398
489
589
5894893981,041344902531385109474213925,6788,3258,6568,531
       Short-term Debt 
0
0
0
0
0
212
440
0
146
291
47
39
41
23
0
60
60023413947291146044021200000
       Short Long Term Debt 
0
0
0
0
0
0
440
0
0
0
0
0
0
0
0
0
000000000440000000
       Accounts payable 
4,539
6,658
6,511
4,637
6
1
34
109
106
160
225
136
818
155
295
235
23529515581813622516010610934164,6376,5116,6584,539
       Other Current Liabilities 
3,527
1,292
712
327
86
212
440
0
133
371
677
169
182
220
194
292
2921942201821696773711330440212863277121,2923,527
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
127
76
76
29
177
0
521
5210177297676127000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
76
29
0
0
0
000297600000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
-212
-440
0
-146
-291
-47
76
29
0
0
-60
-60002976-47-291-1460-440-21200000
> Total Stockholder Equity
55,750
59,069
59,916
59,115
-13
-170
-373
3,740
4,264
2,206
1,196
5,813
7,519
6,732
4,341
9,302
9,3024,3416,7327,5195,8131,1962,2064,2643,740-373-170-1359,11559,91659,06955,750
   Common Stock
40,027
40,027
40,027
40,027
0
0
0
0
3,763
5,838
6,734
15,072
14,580
17,095
21,728
28,291
28,29121,72817,09514,58015,0726,7345,8383,763000040,02740,02740,02740,027
   Retained Earnings 
15,247
18,566
19,413
18,612
-13
-170
-373
-2,130
-4,167
-6,701
-8,694
-13,012
-11,824
-14,843
-22,335
-25,716
-25,716-22,335-14,843-11,824-13,012-8,694-6,701-4,167-2,130-373-170-1318,61219,41318,56615,247
   Capital Surplus 0000000000000000
   Treasury Stock0000000000000000
   Other Stockholders Equity 
476
476
476
476
13
0
373
0
4,669
3,069
3,157
-2,060
-2,756
-2,251
4,948
0
04,948-2,251-2,756-2,0603,1573,0694,6690373013476476476476



5.3. Balance Sheets

All numbers in thousands.




5.4. Cash Flows

All numbers in thousands.




5.5. Income Statements

All numbers in thousands.


5.6. Latest Income Statement

Income Statement (annual), 2024-06-30. All numbers in thousands.

Gross Profit (+$)
totalRevenue90
Cost of Revenue-133
Gross Profit-43-43
 
Operating Income (+$)
Gross Profit-43
Operating Expense-3,519
Operating Income-3,429-3,562
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,062
Selling And Marketing Expenses2,457
Operating Expense3,5193,519
 
Net Interest Income (+$)
Interest Income0
Interest Expense-0
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income-3,429
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-3,381-3,477
EBIT - interestExpense = -3,429
-3,381
-3,381
Interest Expense0
Earnings Before Interest and Taxes (EBIT)-3,429-3,381
Earnings Before Interest and Taxes (EBITDA)-3,388
 
After tax Income (+$)
Income Before Tax-3,381
Tax Provision-0
Net Income From Continuing Ops0-3,381
Net Income-3,381
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses3,519
Total Other Income/Expenses Net480
 

Technical Analysis of Magmatic Resources Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Magmatic Resources Ltd. The general trend of Magmatic Resources Ltd is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Magmatic Resources Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator StateBullish trend Bearish trend
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Magmatic Resources Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.049 < 0.05 < 0.059.

The bearish price targets are: 0.05 > 0.042 > 0.035.

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Magmatic Resources Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Magmatic Resources Ltd. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Magmatic Resources Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMagmatic Resources Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Magmatic Resources Ltd. The current adx is .

Magmatic Resources Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Relative Strength Index (RSI) ChartMagmatic Resources Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Stochastic Oscillator ChartMagmatic Resources Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Commodity Channel Index (CCI) ChartMagmatic Resources Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Chande Momentum Oscillator (CMO) ChartMagmatic Resources Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Williams %R ChartMagmatic Resources Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Average True Range (ATR) ChartMagmatic Resources Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily On-Balance Volume (OBV) ChartMagmatic Resources Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Magmatic Resources Ltd.

Magmatic Resources Ltd Daily Money Flow Index (MFI) ChartMagmatic Resources Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Magmatic Resources Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-06-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-20RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-06-24STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-28STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-10STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-11WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-16ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-07-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-30STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-08-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-08-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-08-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-08-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-08-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-02BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-09-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-09-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-09-24CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-25STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-27ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-10BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-10-11MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-10-15MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-10-16MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-10-17ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-10-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-10-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-01STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.

6.3. Candlestick Patterns

Magmatic Resources Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Magmatic Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose0.051
Total1/1 (100.0%)
Penke
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