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MetalsGrove MiningASX:MGA +4.40% 12-1 Month Momentum % is 58.33% as of Aug. 06, 2026. The stock has 2 warning signs investors should review. Among 2,501 Metals & Mining companies, MetalsGrove Mining ranks better than 63.93% on this metric.
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2026-08-06), MetalsGrove Mining's 12-1 Month Momentum % is 58.33%.
The industry rank for MetalsGrove Mining's 12-1 Month Momentum % or its related term are showing as below:
ASX:MGA's 12-1 Month Momentum % is ranked better than 63.93% of 2501
companies
in the Metals & Mining industry
Industry Median: 24.69
vs ASX:MGA: 58.33
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
MetalsGrove Mining 12-1 Month Momentum % Related Terms
For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MetalsGrove Mining 12-1 Month Momentum % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MetalsGrove Mining's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where MetalsGrove Mining's 12-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MetalsGrove Mining (ASX:MGA) has a 12-1 Month Momentum % of 58.33% as of Aug. 06, 2026. 12-1 Month Momentum measures the total return of the stock from 12-month ago to 1-month ago. View historical data on MetalsGrove Mining and its competitors. According to the industry distribution chart, MetalsGrove Mining ranks #902 out of 2501 companies in the Metals & Mining industry, placing it in the top 36.1%.
Is MetalsGrove Mining's 12-1 Month Momentum % too high?
MetalsGrove Mining's current 12-1 Month Momentum % is 58.33%. The Metals & Mining industry median 12-1 Month Momentum % is 24.69. MetalsGrove Mining's value of 58.33% is 136.2% above this industry median. Based on the distribution chart, MetalsGrove Mining ranks #902 out of 2501 companies in the Metals & Mining industry, which is above the industry midpoint.
How does MetalsGrove Mining's 12-1 Month Momentum % compare to competitors?
According to the Metals & Mining industry distribution chart, MetalsGrove Mining ranks #902 out of 2501 companies for 12-1 Month Momentum %. This puts MetalsGrove Mining in the upper half of its industry. The industry median 12-1 Month Momentum % is 24.69. MetalsGrove Mining's value of 58.33% is 136.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 12-1 Month Momentum % for a Metals & Mining company?
The median 12-1 Month Momentum % among Metals & Mining companies is 24.69, based on 2,501 companies in the industry. Companies in the top quartile (top 25%) have a 12-1 Month Momentum % significantly above this median, while those in the bottom quartile fall well below. However, 12-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MetalsGrove Mining's current 12-1 Month Momentum % of 58.33% is 136.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 12-1 Month Momentum % mean?
A high 12-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 12-1 Month Momentum measures the total return of the stock from 12-month ago to 1-month ago. View historical data on MetalsGrove Mining and its competitors. For the Metals & Mining industry, the median 12-1 Month Momentum % is 24.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MetalsGrove Mining's current 12-1 Month Momentum % is 58.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MetalsGrove Mining stock overvalued right now?
MetalsGrove Mining (ASX:MGA) has a current 12-1 Month Momentum % of 58.33%. The current 12-1 Month Momentum % is 58.33% and 136.2% above the Metals & Mining industry median of 24.69. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 12-1 Month Momentum % calculated?
12-1 Month Momentum % is calculated from a company's financial statements. For MetalsGrove Mining (ASX:MGA), the current 12-1 Month Momentum % is 58.33% as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
MetalsGrove Mining Ltd is an Australian-based minerals exploration company. It is focused on advancing existing copper and gold projects in the Northern Territory and Western Australia, alongside expanding into Cote d'Ivoire, West Africa, through a gold-focused joint venture. The company's project portfolio comprises the Bruce Gold-Copper Prospect, the Edwards Creek Copper-Zinc Prospect, and the Leake Prospect. Additionally, it holds exploration permits for the Vavoua, Vavoua West, and Kounahiri West tenements in West Africa, located near properties with gold anomalies. The company is organised into one reportable operating segment, which is exploration.
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