What is Matsa Resources Limited's (MAT.AX) StockRank?

MoatMap's StockRank for Matsa Resources Limited (MAT.AX) is 0/100, with a Strong Sell signal. This is a composite score combining Quality (8), Value (24), and Momentum (16) factor ranks across MoatMap's 20,000+ stock universe.

Does Matsa Resources Limited have an economic moat?

Matsa Resources Limited (MAT.AX) has a Quality factor score of 8/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Matsa Resources Limited a buy, hold, or sell?

MoatMap's current signal for Matsa Resources Limited (MAT.AX) is Strong Sell, based on a StockRank of 0/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Matsa Resources Limited in?

Matsa Resources Limited (MAT.AX) operates in the Basic Materials sector, specifically the Gold industry (Australia).

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MAT.AX

STRONG SELLREMOVE

Matsa Resources Limited · Basic Materials · Australia · $56M · Avg Vol: $93K/d

StockRank

P/E (TTM)

—

ROE

-174.4%

D/E

0.9x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Matsa Resources is a micro-cap gold and copper explorer. While copper is a key theme, Matsa is an early-stage explorer with no production, no cash flows, and high capital requirements. It fails the Terry Smith quality test and the Buffett margin of safety test.

COMPANY DESCRIPTION

Matsa Resources Limited is an exploration and development company with a diversified portfolio of gold, lithium, and base metal projects in Western Australia and Thailand. The company's competitive position is highlighted by its flagship Lake Carey Gold Project, which covers a large, contiguous land package adjacent to world-class operating mines. It operates as a junior explorer focused on resource expansion and strategic joint ventures to unlock asset value.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	CAGR
Revenue	5.6M	—	—	—	—
EPS	-0.01	-0.00	-0.00	-0.01	—
Shares	971.2M	971.2M	971.2M	550.5M	-43.3%
Debt	3.1M	2.9M	3.3M	3.9M	8.3%
Equity	10.7M	8.7M	9.6M	9.1M	-5.3%
Op CF	—	—	—	—	—
Inv CF	-1.9M	-0.7M	-1.4M	-0.3M	—
Fin CF	6.1M	1.6M	1.1M	2.9M	—

PRICE (1Y)-21.6%

SMA 50SMA 200

$0.05

RSI (14)

39.2

52W High

$0.11

From 52W High

0.4%

SCORE BREAKDOWN

Quality

ROIC

-22.8%13.3

ROE

-174.4%2.1

GP/Assets

-99.1%0.2

Op. Margin

-223.6%5.2

FCF/Assets

-77.5%3.8

Piotroski

222.2

Int. Cover

-50.0x4.8

D/E Ratio

0.88x15.9

Current Ratio

0.45x3.3

Value

P/E (TTM)

—N/A

EV/EBITDA

-2.8x25.0

P/FCF

—N/A

P/B

5.6x17.3

P/S

5.5x22.6

Div Yield

—N/A

Momentum

52W High %

45%11.7

RS 6M

-43%17.7

SMA 50/200

0.74x2.5

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$56M

P/E (Forward)

—

Gross Margin

-196.5%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of MAT.AX are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
MAT.AX	Matsa Resources Limited(you)	$56M	0	STRONG SELL
FAL.AX	Falcon Metals Limited	$64M	7	STRONG SELL
GBM.AX	GBM Resources Limited	$69M	7	STRONG SELL
LAC.AX	Lac Gold Limited	$53M	12	STRONG SELL
GML.AX	Gateway Mining Limited	$75M	8	STRONG SELL
FXG.AX	Felix Gold Limited	$105M	6	STRONG SELL
SNM.AX	SENTINEL FPO [SNM]	$51M	17	STRONG SELL
PTN.AX	Patronus Resources Limited	$57M	19	STRONG SELL
EM3.AX	EMC Gold Corporation	$56M	20	STRONG SELL
ADV.AX	Ardiden Limited	$52M	19	STRONG SELL

Peer medians: ROE -8.6% · P/E 13.9x · Gross margin 34.7%

Matsa Resources Limited (MAT.AX) — Stock Score Summary

Matsa Resources Limited (MAT.AX) has a MoatMap StockRank of 0/100 based on Quality (8/100), Value (24/100), and Momentum (16/100) factor scores. The current signal is STRONG SELL. Matsa Resources is a micro-cap gold and copper explorer. While copper is a key theme, Matsa is an early-stage explorer with no production, no cash flows, and high capital requirements. It fails the Terry Smith quality test and the Buffett margin of safety test.

Key Financial Metrics

Price	$0.05
Market Cap	$56M
Price/Book	5.58
Return on Equity	-174.4%
Return on Invested Capital	-22.8%
Debt/Equity	88.31
Gross Margin	-196.5%
Operating Margin	-223.6%
Free Cash Flow	$-13M

Matsa Resources Limited operates in the Gold industry, part of the Basic Materials sector (Australia).

Frequently Asked Questions

What is Matsa Resources Limited’s (MAT.AX) StockRank?: MoatMap’s StockRank for Matsa Resources Limited (MAT.AX) is 0/100, with a Strong Sell signal. It is a composite of Quality (8), Value (24), and Momentum (16) factor ranks across MoatMap’s 20,000+ stock universe.
Does Matsa Resources Limited have an economic moat?: Matsa Resources Limited (MAT.AX) has a Quality factor score of 8/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Matsa Resources Limited a buy, hold, or sell?: MoatMap’s current signal for Matsa Resources Limited (MAT.AX) is Strong Sell, based on a StockRank of 0/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Matsa Resources Limited in?: Matsa Resources Limited (MAT.AX) operates in the Basic Materials sector, specifically the Gold industry (Australia).