Mahvie Minerals AB (publ) MAHVIE

NGM | Explorer | Gold and base metals

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Full analysis: 20 Jul 2026 Latest news check: 4 Aug 2026

General analysis — not personal advice.

NEUTRAL 5/10
Confidence
Existing position may be retained pending assay results from Åkerberg.
The company is short-term funded with clear catalysts but remains in an early and high-risk exploration phase.
Market sentiment 5/10
Trend: Stable
Discussion remains limited but optimistic around upcoming assay results from Åkerberg.
Price context
The current price level of 0.339 SEK sits about 38 % above the 52-week low but 66 % below the high, indicating a consolidation phase after prior drawdowns.
Risk assessment 8/10
Dilution: High Repeated equity raises and low cash
Jurisdiction: Low Stable Nordic countries
Execution: High Early stage and drill-result dependent
Cash flow: 12 mo
Recent changes
  • ▲ Sentiment_score increased from 5 to 7 and the trend shifted from stable to improving, driven by more positive expectations around Åkerberg drilling and new geophysics.

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About the company
Mahvie Minerals is a Nordic exploration company in early development stage. The company focuses on gold projects in Finland and Sweden plus base metals in Norway with no current production.
Sector: Gold and base metals
Type: Explorer
Next report
19 Aug 2026
Q2
Catalysts
Q3 2026
Haveri environmental/tech studies High
Q3 2026
Åkerberg assay results High
Q4 2026
Haveri environmental studies Medium
Horizon:
Bull case
Positive drill results from Åkerberg could drive a substantial revaluation.
Bear case
Repeated equity issues and low cash create high dilution risk.
Signal rationale (informational)
The company is short-term funded with clear catalysts but remains in an early and high-risk exploration phase.
Recent news
  • CEO Per Storm published a summer letter on 22 July 2026 with a general update containing no material price-moving news. The Åkerberg drilling program is completed and assay results are expected in Q3.

Price & valuation

Last close
SEK 0.39
2026-08-11
1 week
+2.3 %
3 months
-26.7 %
12 months
+31.4 %
From 52w high
-60.2 %
From 52w low
+38.9 %
Exchange
NGM
Type
Explorer
Sector
Gold and base metals

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Mahvie Minerals AB (publ) MAHVIE
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