Metallium (MTM) is held by 4 ASX ETFs. Over the last 3 months it fell 38.3%: on $10,000, −$3827. We explain 4 big moves in that time.
About MTM
- SectorMaterials
- IndustryMaterials
- Size$192.6m
- Held by4 ETFs
- Big moves4 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −9.8%peak −11.8%13 Oct 2026· Capital Raise
Metallium issued 2.5 million new performance rights under an incentive scheme, diluting existing shareholders and triggering a sell-off.
- −18.7%peak −20.0%30 Sep 2026· Operational
Metallium's annual report, released the prior evening, likely contained disappointing financial details or project progress that triggered a sharp sell-off in the stock.
- +32.4%12 Aug 2026· Operational
Metallium released a positive announcement expanding its critical metals commercial pipeline with new REE, Germanium and PGM test results from its Flash Joule Heating technology, driving a strong re-rating of the stock.
- +17.3%peak +21.2%5 Aug 2026· Sector Flow
MTM.AX rose sharply alongside a broad rally in the ASX Materials sector, which gained around 2.4% on the same day, lifting sentiment across materials stocks including MTM.
Held by 4 ETFs
Of every $10,000 in each fund, how much is in MTM today.
Why did MTM fall 9.8% on 13 Oct 2026?
Metallium
Metallium issued 2.5 million new performance rights under an incentive scheme, diluting existing shareholders and triggering a sell-off.
The only stock-specific news on the day of the move relates to Metallium issuing 2.5 million performance rights across three VWAP-linked classes — reported by both TipRanks and Kalkine shortly after the move was detected. While performance rights are a softer form of dilution than a placement, markets can react negatively to unexpected equity-based compensation grants, particularly for smaller companies where the dilution is proportionally meaningful. The sector signal (Materials index -1.64%) is directionally consistent but far too small (less than a sixth of the stock's move) to explain an 11.76% fall, and the broader market was essentially flat, ruling out macro or sector-flow as primary drivers. Confidence is moderate rather than high because the routine filing exclusion note suggests the performance rights notice may have been treated as routine, leaving some residual uncertainty about whether an undiscovered catalyst exists.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
Company announcements
News coverage
Sector / macro signals
What it did to the 4 ETFs holding MTM
On $10,000 in each fund, at the weight it holds today