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Magnetite Mines Ltd
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Let's analyse Magnetite Mines Ltd together

PenkeI guess you are interested in Magnetite Mines 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 Magnetite Mines 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Magnetite Mines Ltd (30 sec.)










What can you expect buying and holding a share of Magnetite Mines Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.01
When do you have the money?
1 year
How often do you get paid?
40.0%

What is your share worth?

Current worth
A$0.36
Expected worth in 1 year
A$0.19
How sure are you?
40.0%

+ What do you gain per year?

Total Gains per Share
A$-0.14
Return On Investment
-55.6%

For what price can you sell your share?

Current Price per Share
A$0.26
Expected price per share
A$0.24 - A$0.3
How sure are you?
50%

1. Valuation of Magnetite Mines Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.26

Intrinsic Value Per Share

A$-2.34 - A$-0.86

Total Value Per Share

A$-1.98 - A$-0.51

2. Growth of Magnetite Mines Ltd (5 min.)




Is Magnetite Mines Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$23m$25.6m-$2.6m-11.4%

How much money is Magnetite Mines Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$3.4m-$2.3m-$1m-31.3%
Net Profit Margin-2,507.8%-1,873.5%--

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

3. Financial Health of Magnetite Mines Ltd (5 min.)




4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#332 / 897

Most Revenue
#278 / 897

Most Profit
#709 / 897

Most Efficient
#756 / 897

What can you expect buying and holding a share of Magnetite Mines Ltd? (5 min.)

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

What can you expect buying and holding a share of Magnetite Mines Ltd?

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

Speculation

The Price per Share of Magnetite Mines Ltd is A$0.26. 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 Magnetite Mines 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 Magnetite Mines 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$0.36. Based on the TTM, the Book Value Change Per Share is A$-0.04 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.13 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 Magnetite Mines 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-0.04-13.6%-0.04-13.6%-0.02-9.3%-0.02-6.3%-0.01-5.0%
Usd Book Value Change Per Share-0.03-10.3%-0.03-10.3%0.0831.7%0.0517.5%0.027.2%
Usd Dividend Per Share0.001.2%0.001.2%0.0936.1%0.0518.1%0.029.0%
Usd Total Gains Per Share-0.02-9.1%-0.02-9.1%0.1867.8%0.0935.6%0.0416.2%
Usd Price Per Share0.25-0.25-0.00-0.05-0.03-
Price to Earnings Ratio-7.20--7.20--0.01--1.47--0.73-
Price-to-Total Gains Ratio-10.80--10.80-0.00--2.16--1.46-
Price to Book Ratio1.09-1.09-0.00-0.22-0.12-
Price-to-Total Gains Ratio-10.80--10.80-0.00--2.16--1.46-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.169598
Number of shares5896
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.05
Usd Book Value Change Per Share-0.030.05
Usd Total Gains Per Share-0.020.09
Gains per Quarter (5896 shares)-138.95545.45
Gains per Year (5896 shares)-555.792,181.78
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
175-631-566110910732172
2151-1263-1122221821464354
3226-1894-1678332732186536
4302-2525-2234443642918718
5377-3156-27905545536410900
6453-3788-33466654643713082
7528-4419-39027763750915264
8604-5050-44588872858217446
9679-5681-50149981965519628
10755-6313-5570110901072821810

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%0.05.00.00.0%1.09.00.010.0%3.015.00.016.7%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%4.06.00.040.0%8.010.00.044.4%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%4.00.01.080.0%4.00.06.040.0%4.00.014.022.2%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%4.06.00.040.0%8.010.00.044.4%

Fundamentals of Magnetite Mines Ltd

About Magnetite Mines Ltd

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. Its flagship project is the Razorback Iron Ore project that includes the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Adelaide, Australia.

Fundamental data was last updated by Penke on 2024-03-10 21:59:03.

Financial Health

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 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.

Valuation

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.

1.1. Profitability of Magnetite Mines Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Magnetite Mines Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of -2,507.8% means that $-25.08 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Magnetite Mines Ltd:

  • The MRQ is -2,507.8%. The company is making a huge loss. -2
  • The TTM is -2,507.8%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-2,507.8%TTM-2,507.8%0.0%
TTM-2,507.8%YOY-1,873.5%-634.3%
TTM-2,507.8%5Y-4,341.7%+1,833.9%
5Y-4,341.7%10Y-12,834.9%+8,493.3%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-2,507.8%-35.3%-2,472.5%
TTM-2,507.8%-40.5%-2,467.3%
YOY-1,873.5%-50.7%-1,822.8%
5Y-4,341.7%-330.2%-4,011.5%
10Y-12,834.9%-750.2%-12,084.7%
1.1.2. Return on Assets

Shows how efficient Magnetite Mines Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • -13.7% Return on Assets means that Magnetite Mines Ltd generated $-0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Magnetite Mines Ltd:

  • The MRQ is -13.7%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -13.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-13.7%TTM-13.7%0.0%
TTM-13.7%YOY-8.0%-5.7%
TTM-13.7%5Y-9.1%-4.6%
5Y-9.1%10Y-54.0%+44.9%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-13.7%-6.0%-7.7%
TTM-13.7%-6.8%-6.9%
YOY-8.0%-5.9%-2.1%
5Y-9.1%-9.2%+0.1%
10Y-54.0%-12.0%-42.0%
1.1.3. Return on Equity

Shows how efficient Magnetite Mines Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • -15.1% Return on Equity means Magnetite Mines Ltd generated $-0.15 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Magnetite Mines Ltd:

  • The MRQ is -15.1%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -15.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-15.1%TTM-15.1%0.0%
TTM-15.1%YOY-9.3%-5.8%
TTM-15.1%5Y-11.1%-4.0%
5Y-11.1%10Y-59.5%+48.3%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-15.1%-6.9%-8.2%
TTM-15.1%-7.5%-7.6%
YOY-9.3%-6.1%-3.2%
5Y-11.1%-9.8%-1.3%
10Y-59.5%-12.8%-46.7%

1.2. Operating Efficiency of Magnetite Mines Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Magnetite Mines Ltd is operating .

  • Measures how much profit Magnetite Mines 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 Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of -2,456.1% means the company generated $-24.56  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Magnetite Mines Ltd:

  • The MRQ is -2,456.1%. The company is operating very inefficient. -2
  • The TTM is -2,456.1%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-2,456.1%TTM-2,456.1%0.0%
TTM-2,456.1%YOY-1,757.7%-698.4%
TTM-2,456.1%5Y-3,866.4%+1,410.3%
5Y-3,866.4%10Y-12,442.3%+8,575.8%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-2,456.1%-285.5%-2,170.6%
TTM-2,456.1%-46.7%-2,409.4%
YOY-1,757.7%-76.4%-1,681.3%
5Y-3,866.4%-361.7%-3,504.7%
10Y-12,442.3%-693.1%-11,749.2%
1.2.2. Operating Ratio

Measures how efficient Magnetite Mines Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of 24.56 means that the operating costs are $24.56 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Magnetite Mines Ltd:

  • The MRQ is 24.561. The company is inefficient in keeping operating costs low. -1
  • The TTM is 24.561. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ24.561TTM24.5610.000
TTM24.561YOY17.577+6.984
TTM24.5615Y45.492-20.931
5Y45.49210Y133.719-88.227
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ24.5611.951+22.610
TTM24.5611.923+22.638
YOY17.5772.082+15.495
5Y45.4924.850+40.642
10Y133.7198.674+125.045

1.3. Liquidity of Magnetite Mines Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Magnetite Mines Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 1.53 means the company has $1.53 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Magnetite Mines Ltd:

  • The MRQ is 1.534. The company is able to pay all its short-term debts. +1
  • The TTM is 1.534. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.534TTM1.5340.000
TTM1.534YOY4.638-3.104
TTM1.5345Y5.825-4.291
5Y5.82510Y6.684-0.859
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5342.375-0.841
TTM1.5342.609-1.075
YOY4.6383.429+1.209
5Y5.8254.136+1.689
10Y6.6844.566+2.118
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 2.41 means the company can pay off $2.41 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Magnetite Mines Ltd:

  • The MRQ is 2.413. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.413. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.413TTM2.4130.000
TTM2.413YOY8.549-6.136
TTM2.4135Y6.774-4.362
5Y6.77410Y7.131-0.357
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4130.893+1.520
TTM2.4130.856+1.557
YOY8.5491.119+7.430
5Y6.7741.324+5.450
10Y7.1311.428+5.703

1.4. Solvency of Magnetite Mines Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Magnetite Mines Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Magnetite Mines Ltd to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.09 means that Magnetite Mines Ltd assets are financed with 9.4% credit (debt) and the remaining percentage (100% - 9.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Magnetite Mines Ltd:

  • The MRQ is 0.094. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.094. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.094TTM0.0940.000
TTM0.094YOY0.141-0.047
TTM0.0945Y0.168-0.074
5Y0.16810Y0.178-0.009
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0940.192-0.098
TTM0.0940.190-0.096
YOY0.1410.151-0.010
5Y0.1680.212-0.044
10Y0.1780.238-0.060
1.4.2. Debt to Equity Ratio

Measures if Magnetite Mines Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 10.4% means that company has $0.10 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Magnetite Mines Ltd:

  • The MRQ is 0.104. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.104. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.104TTM0.1040.000
TTM0.104YOY0.164-0.060
TTM0.1045Y0.213-0.110
5Y0.21310Y0.238-0.025
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1040.192-0.088
TTM0.1040.207-0.103
YOY0.1640.155+0.009
5Y0.2130.227-0.014
10Y0.2380.249-0.011

2. Market Valuation of Magnetite Mines Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Magnetite Mines Ltd to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of -7.20 means the investor is paying $-7.20 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Magnetite Mines Ltd:

  • The EOD is -4.801. Based on the earnings, the company is expensive. -2
  • The MRQ is -7.205. Based on the earnings, the company is expensive. -2
  • The TTM is -7.205. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.801MRQ-7.205+2.404
MRQ-7.205TTM-7.2050.000
TTM-7.205YOY-0.011-7.194
TTM-7.2055Y-1.468-5.737
5Y-1.46810Y-0.727-0.740
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-4.801-3.740-1.061
MRQ-7.205-5.000-2.205
TTM-7.205-5.557-1.648
YOY-0.011-8.469+8.458
5Y-1.468-10.469+9.001
10Y-0.727-11.327+10.600
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -1.847. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.771. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -2.771. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.847MRQ-2.771+0.925
MRQ-2.771TTM-2.7710.000
TTM-2.771YOY-0.003-2.768
TTM-2.7715Y-0.573-2.199
5Y-0.57310Y-0.374-0.199
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-1.847-3.924+2.077
MRQ-2.771-5.463+2.692
TTM-2.771-6.302+3.531
YOY-0.003-8.457+8.454
5Y-0.573-12.796+12.223
10Y-0.374-13.886+13.512
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 1.09 means the investor is paying $1.09 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Magnetite Mines Ltd:

  • The EOD is 0.725. Based on the equity, the company is cheap. +2
  • The MRQ is 1.088. Based on the equity, the company is underpriced. +1
  • The TTM is 1.088. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.725MRQ1.088-0.363
MRQ1.088TTM1.0880.000
TTM1.088YOY0.001+1.087
TTM1.0885Y0.219+0.868
5Y0.21910Y0.125+0.094
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD0.7251.161-0.436
MRQ1.0881.511-0.423
TTM1.0881.591-0.503
YOY0.0012.243-2.242
5Y0.2192.501-2.282
10Y0.1252.940-2.815
2. Total Gains per Share

3. Holders & Insider Transactions

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

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Magnetite Mines 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---0.041-0.0410%0.127-132%0.070-159%0.029-243%
Book Value Per Share--0.3590.3590%0.400-10%0.236+52%0.130+175%
Current Ratio--1.5341.5340%4.638-67%5.825-74%6.684-77%
Debt To Asset Ratio--0.0940.0940%0.141-33%0.168-44%0.178-47%
Debt To Equity Ratio--0.1040.1040%0.164-37%0.213-51%0.238-56%
Dividend Per Share--0.0050.0050%0.144-97%0.072-93%0.036-86%
Eps---0.054-0.0540%-0.037-31%-0.025-53%-0.020-64%
Free Cash Flow Per Share---0.141-0.1410%-0.125-12%-0.065-54%-0.034-76%
Free Cash Flow To Equity Per Share---0.144-0.1440%0.029-601%0.010-1509%0.005-3158%
Gross Profit Margin--1.7021.7020%1.676+2%1.684+1%1.342+27%
Intrinsic Value_10Y_max---0.864--------
Intrinsic Value_10Y_min---2.341--------
Intrinsic Value_1Y_max---0.045--------
Intrinsic Value_1Y_min---0.138--------
Intrinsic Value_3Y_max---0.168--------
Intrinsic Value_3Y_min---0.500--------
Intrinsic Value_5Y_max---0.328--------
Intrinsic Value_5Y_min---0.954--------
Market Cap25592968.960-50%38409140.33938409140.3390%39373.798+97450%7725139.246+397%3994511.091+862%
Net Profit Margin---25.078-25.0780%-18.735-25%-43.417+73%-128.349+412%
Operating Margin---24.561-24.5610%-17.577-28%-38.664+57%-124.423+407%
Operating Ratio--24.56124.5610%17.577+40%45.492-46%133.719-82%
Pb Ratio0.725-50%1.0881.0880%0.001+108609%0.219+396%0.125+770%
Pe Ratio-4.801+33%-7.205-7.2050%-0.011-100%-1.468-80%-0.727-90%
Price Per Share0.260-50%0.3900.3900%0.000+97450%0.078+397%0.039+889%
Price To Free Cash Flow Ratio-1.847+33%-2.771-2.7710%-0.003-100%-0.573-79%-0.374-87%
Price To Total Gains Ratio-7.197+33%-10.800-10.8000%0.001-730157%-2.158-80%-1.457-87%
Quick Ratio--2.4132.4130%8.549-72%6.774-64%7.131-66%
Return On Assets---0.137-0.1370%-0.080-42%-0.091-34%-0.540+294%
Return On Equity---0.151-0.1510%-0.093-38%-0.111-26%-0.595+294%
Total Gains Per Share---0.036-0.0360%0.270-113%0.142-125%0.065-156%
Usd Book Value--23032807.58423032807.5840%25667616.882-10%15180378.436+52%11792720.159+95%
Usd Book Value Change Per Share---0.027-0.0270%0.083-132%0.045-159%0.019-243%
Usd Book Value Per Share--0.2340.2340%0.261-10%0.154+52%0.085+175%
Usd Dividend Per Share--0.0030.0030%0.094-97%0.047-93%0.024-86%
Usd Eps---0.035-0.0350%-0.024-31%-0.016-53%-0.013-64%
Usd Free Cash Flow---9040408.344-9040408.3440%-7997852.257-12%-4157223.618-54%-2713911.436-70%
Usd Free Cash Flow Per Share---0.092-0.0920%-0.081-12%-0.042-54%-0.022-76%
Usd Free Cash Flow To Equity Per Share---0.094-0.0940%0.019-601%0.007-1509%0.003-3158%
Usd Market Cap16694293.653-50%25054282.24325054282.2430%25683.529+97450%5039108.330+397%2605619.585+862%
Usd Price Per Share0.170-50%0.2550.2550%0.000+97450%0.051+397%0.026+889%
Usd Profit---3477535.889-3477535.8890%-2388499.513-31%-1624232.218-53%-3264096.350-6%
Usd Revenue--138670.500138670.5000%127488.121+9%193444.914-28%104522.008+33%
Usd Total Gains Per Share---0.024-0.0240%0.176-113%0.093-125%0.042-156%
 EOD+3 -5MRQTTM+0 -0YOY+9 -275Y+14 -2210Y+17 -19

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.801
Price to Book Ratio (EOD)Between0-10.725
Net Profit Margin (MRQ)Greater than0-25.078
Operating Margin (MRQ)Greater than0-24.561
Quick Ratio (MRQ)Greater than12.413
Current Ratio (MRQ)Greater than11.534
Debt to Asset Ratio (MRQ)Less than10.094
Debt to Equity Ratio (MRQ)Less than10.104
Return on Equity (MRQ)Greater than0.15-0.151
Return on Assets (MRQ)Greater than0.05-0.137
Total5/10 (50.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.914
Ma 20Greater thanMa 500.269
Ma 50Greater thanMa 1000.267
Ma 100Greater thanMa 2000.289
OpenGreater thanClose0.285
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Net Interest Income  -16143-11837-8119-62198137



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets38,971
Total Liabilities3,661
Total Stockholder Equity35,310
 As reported
Total Liabilities 3,661
Total Stockholder Equity+ 35,310
Total Assets = 38,971

Assets

Total Assets38,971
Total Current Assets5,409
Long-term Assets33,562
Total Current Assets
Cash And Cash Equivalents 5,135
Short-term Investments 3,125
Net Receivables 246
Total Current Assets  (as reported)5,409
Total Current Assets  (calculated)8,506
+/- 3,096
Long-term Assets
Property Plant Equipment 585
Long Term Investments 113
Long-term Assets Other 32,864
Long-term Assets  (as reported)33,562
Long-term Assets  (calculated)33,562
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities3,526
Long-term Liabilities135
Total Stockholder Equity35,310
Total Current Liabilities
Short-term Debt 2,289
Short Long Term Debt 1,975
Accounts payable 402
Other Current Liabilities 835
Total Current Liabilities  (as reported)3,526
Total Current Liabilities  (calculated)5,501
+/- 1,975
Long-term Liabilities
Long term Debt Total 135
Long-term Liabilities  (as reported)135
Long-term Liabilities  (calculated)135
+/-0
Total Stockholder Equity
Common Stock89,513
Retained Earnings -67,602
Accumulated Other Comprehensive Income 13,398
Total Stockholder Equity (as reported)35,310
Total Stockholder Equity (calculated)35,310
+/-0
Other
Capital Stock89,513
Cash and Short Term Investments 5,135
Common Stock Shares Outstanding 76,868
Current Deferred Revenue-2,289
Liabilities and Stockholders Equity 38,971
Net Debt -2,710
Net Invested Capital 37,285
Net Tangible Assets 35,310
Net Working Capital 1,884
Property Plant and Equipment Gross 34,027
Short Long Term Debt Total 2,424



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-30
> Total Assets 
6,116
5,053
11,784
7,388
24,523
25,159
37,744
34,809
35,952
6,989
9,962
11,361
10,841
9,432
10,424
29,702
45,792
38,971
38,97145,79229,70210,4249,43210,84111,3619,9626,98935,95234,80937,74425,15924,5237,38811,7845,0536,116
   > Total Current Assets 
3,283
1,933
5,621
2,600
13,627
6,865
10,151
4,314
3,764
1,914
1,474
2,520
1,854
243
863
16,761
20,086
5,409
5,40920,08616,7618632431,8542,5201,4741,9143,7644,31410,1516,86513,6272,6005,6211,9333,283
       Cash And Cash Equivalents 
3,248
1,736
5,607
2,584
9,601
4,646
9,210
4,124
3,671
1,753
1,164
2,200
1,744
228
831
16,588
19,347
5,135
5,13519,34716,5888312281,7442,2001,1641,7533,6714,1249,2104,6469,6012,5845,6071,7363,248
       Short-term Investments 
0
0
0
0
3,725
47
32
23
18
13
33
0
0
0
0
0
16,958
3,125
3,12516,958000003313182332473,7250000
       Net Receivables 
34
197
14
17
301
484
858
115
43
122
197
310
96
8
23
164
717
246
2467171642389631019712243115858484301171419734
       Other Current Assets 
0
192
0
0
10
1,688
51
51
32
26
80
10
14
7
10
10
22
29
292210107141080263251511,68810001920
   > Long-term Assets 
2,834
3,120
6,163
4,788
10,896
18,294
27,593
30,495
32,188
5,075
8,488
8,842
8,987
9,189
9,561
12,941
25,706
33,562
33,56225,70612,9419,5619,1898,9878,8428,4885,07532,18830,49527,59318,29410,8964,7886,1633,1202,834
       Property Plant Equipment 
2,834
3,100
5,296
2,321
10,730
18,098
25,860
30,037
31,756
4,610
8,414
8,793
8,944
9,157
28
45
365
585
58536545289,1578,9448,7938,4144,61031,75630,03725,86018,09810,7302,3215,2963,1002,834
       Long Term Investments 
0
0
0
0
0
0
0
0
425
462
63
43
43
33
0
33
113
113
1131133303343436346242500000000
       Intangible Assets 
0
0
0
28
17
106
63
25
7
3
11
6
0
0
0
0
0
0
0000006113725631061728000
       Other Assets 
0
0
0
3
0
0
0
0
0
0
0
0
0
33
33
0
113
113
113113033330000000003000
> Total Liabilities 
53
64
337
139
952
1,092
1,816
617
1,013
121
3,011
3,394
3,140
2,763
2,285
2,810
6,443
3,661
3,6616,4432,8102,2852,7633,1403,3943,0111211,0136171,8161,0929521393376453
   > Total Current Liabilities 
53
64
337
139
952
1,092
1,816
617
283
121
511
894
640
2,763
310
835
4,331
3,526
3,5264,3318353102,7636408945111212836171,8161,0929521393376453
       Short-term Debt 
0
0
0
0
3,725
47
32
23
18
13
33
2,500
2,500
2,500
102
101
101
2,289
2,2891011011022,5002,5002,5003313182332473,7250000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
2,500
2,500
2,500
2,500
102
0
0
1,975
1,975001022,5002,5002,5002,5000000000000
       Accounts payable 
39
36
272
99
892
844
1,637
432
187
86
477
819
586
38
39
327
3,528
402
4023,5283273938586819477861874321,637844892992723639
       Other Current Liabilities 
14
27
66
40
60
248
180
185
96
35
34
75
54
225
169
507
702
835
83570250716922554753435961851802486040662714
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
730
0
2,500
2,500
2,500
1,975
1,975
1,975
2,112
135
1352,1121,9751,9751,9752,5002,5002,500073000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
2,500
2,500
2,500
0
1,975
1,975
2,112
135
1352,1121,9751,97502,5002,5002,5000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
730
0
0
0
0
0
0
0
0
0
00000000073000000000
> Total Stockholder Equity
6,063
4,989
11,447
7,249
23,571
24,067
35,928
34,192
34,938
6,868
6,951
7,968
7,701
6,669
8,139
26,893
39,349
35,310
35,31039,34926,8938,1396,6697,7017,9686,9516,86834,93834,19235,92824,06723,5717,24911,4474,9896,063
   Common Stock
6,722
7,977
15,710
15,710
32,786
33,122
43,682
44,326
44,326
44,519
46,249
49,632
52,325
52,622
54,391
74,554
89,551
89,513
89,51389,55174,55454,39152,62252,32549,63246,24944,51944,32644,32643,68233,12232,78615,71015,7107,9776,722
   Retained Earnings -67,602-62,270-58,609-56,876-56,502-55,158-51,634-47,198-45,376-17,008-17,568-14,871-16,519-16,323-14,089-8,256-3,457-1,011
   Accumulated Other Comprehensive Income 
352
469
3,993
5,629
7,108
7,465
7,116
7,434
7,621
7,725
7,900
9,970
10,534
10,549
10,624
10,947
12,068
13,398
13,39812,06810,94710,62410,54910,5349,9707,9007,7257,6217,4347,1167,4657,1085,6293,993469352
   Capital Surplus 000000000000000000
   Treasury Stock000000000000000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue213
Cost of Revenue-256
Gross Profit-43-43
 
Operating Income (+$)
Gross Profit-43
Operating Expense-4,966
Operating Income-5,221-5,009
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,227
Selling And Marketing Expenses3,745
Operating Expense4,9664,971
 
Net Interest Income (+$)
Interest Income137
Interest Expense-137
Other Finance Cost-137
Net Interest Income137
 
Pretax Income (+$)
Operating Income-5,221
Net Interest Income137
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-5,331-5,112
EBIT - interestExpense = -5,359
-5,331
-5,194
Interest Expense137
Earnings Before Interest and Taxes (EBIT)-5,221-5,194
Earnings Before Interest and Taxes (EBITDA)-4,966
 
After tax Income (+$)
Income Before Tax-5,331
Tax Provision-0
Net Income From Continuing Ops-5,331-5,331
Net Income-5,331
Net Income Applicable To Common Shares-5,331
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses5,221
Total Other Income/Expenses Net-110-137
 

Technical Analysis of Magnetite Mines 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 Magnetite Mines Ltd. The general trend of Magnetite Mines Ltd is BEARISH with 71.4% 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 Magnetite Mines 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 zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
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 Magnetite Mines Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 0.28 < 0.28 < 0.3.

The bearish price targets are: 0.25 > 0.245 > 0.24.

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Magnetite Mines 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 Magnetite Mines Ltd. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

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

Magnetite Mines 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 Magnetite Mines Ltd. The current macd is -0.000077.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Magnetite Mines Ltd price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Magnetite Mines Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Magnetite Mines Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Magnetite Mines Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMagnetite Mines 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 Magnetite Mines Ltd. The current adx is 15.52.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Magnetite Mines Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Magnetite Mines 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 Magnetite Mines Ltd. The current sar is 0.29519604.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Magnetite Mines Ltd Daily Parabolic SAR Chart

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 Magnetite Mines Ltd. The current rsi is 46.91. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Magnetite Mines Ltd Daily Relative Strength Index (RSI) ChartMagnetite Mines 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 Magnetite Mines Ltd. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Magnetite Mines Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Magnetite Mines Ltd Daily Stochastic Oscillator ChartMagnetite Mines 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 Magnetite Mines Ltd. The current cci is 0.74990626.

Magnetite Mines Ltd Daily Commodity Channel Index (CCI) ChartMagnetite Mines 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 Magnetite Mines Ltd. The current cmo is -8.68159719.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Magnetite Mines Ltd Daily Chande Momentum Oscillator (CMO) ChartMagnetite Mines 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 Magnetite Mines Ltd. The current willr is -71.42857143.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Magnetite Mines Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Magnetite Mines Ltd Daily Williams %R ChartMagnetite Mines Ltd Daily Williams %R Chart

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 Magnetite Mines Ltd.

Magnetite Mines 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 Magnetite Mines Ltd. The current atr is 0.01461391.

Magnetite Mines Ltd Daily Average True Range (ATR) ChartMagnetite Mines Ltd Daily Average True Range (ATR) Chart

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 Magnetite Mines Ltd. The current obv is -194,158,219.

Magnetite Mines Ltd Daily On-Balance Volume (OBV) ChartMagnetite Mines 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 Magnetite Mines Ltd. The current mfi is 79.67.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Magnetite Mines Ltd Daily Money Flow Index (MFI) ChartMagnetite Mines Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Magnetite Mines 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
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI 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).
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16MACD 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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-31MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22DMI 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26STOCH 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
2024-02-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-04DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22STOCH 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).
2024-03-25STOCH 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).
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-28STOCH 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).

6.3. Candlestick Patterns

Magnetite Mines Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.914
Ma 20Greater thanMa 500.269
Ma 50Greater thanMa 1000.267
Ma 100Greater thanMa 2000.289
OpenGreater thanClose0.285
Total2/5 (40.0%)
Penke

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