Magnis Energy Technologies Ltd engages in the exploration and development of graphite deposits in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in Ruangwa, south-east Tanzania. It also invests in the lithium-ion batteries. The company was formerly known as Magnis Resources Limited and changed its name to Magnis Energy Technologies Limited in November 2018. Magnis Energy Technologies Ltd was incorporated in 2005 and is based in Sydney, Australia.
Research context
Magnis Energy Technologies Limited appears in PyInvesting’s Australia Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- AUD
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
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5 years, 6 months ago
Magnis Energy Technologies Limited is currently in a long term uptrend where the price is trading 7.1% above its 200 day moving average.
From a valuation standpoint, the stock is 7974.9% more expensive than other stocks from the Industrials sector with a price to sales ratio of 10389.2.
Magnis Energy Technologies Limited's total revenue sank by 48.5% to $50K since the same quarter in the previous year.
Its net income has increased by 50.7% to $-3M since the same quarter in the previous year.
Finally, its free cash flow fell by 14.7% to $-2M since the same quarter in the previous year.
Based on the above factors, Magnis Energy Technologies Limited gets an overall score of 2/5.