Meeka Gold Limited (AU:MEK)
ASX:MEK
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MEK Stock Chart & Stats
AU$0.16
<AU$0.01(2.08%)
At close: 4:00 PM EST
AU$0.16
<AU$0.01(2.08%)
Day’s Range― - ―
52-Week RangeAU$0.09 - AU$0.31
Previous CloseN/A
Volume37.70M
Average Volume (3M)21.90M
Market Cap
AU$273.97M
Enterprise ValueAU$322.69M
Total Cash (Recent Filing)AU$37.29M
Total Debt (Recent Filing)AU$6.47M
Price to Earnings (P/E)9.8
Beta0.82
Next Earnings
Sep 25, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,945,888,200
10 Day Avg. Volume21,449,787
30 Day Avg. Volume21,896,045
Financial Highlights & Ratios
PEG Ratio3.63
Price to Book (P/B)2.03
Price to Sales (P/S)222.02
P/FCF Ratio-4.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.35Price Target Upside118.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$173.70M
Bulls Say, Bears Say
Bulls Say
Conservative Balance Sheet, Very Low LeverageVery low debt and a sizeable equity base materially reduce refinancing and interest-rate risk for a capital-intensive explorer. This provides structural financial flexibility to fund exploration or selective project advancement without immediate pressure to sell assets or undertake distressed financing.
Initial Revenue Traction In FY2025Emergence of revenue after prior nil sales signals tangible project progress or first commercial receipts, reducing binary exploration risk. While small, recurring revenues can validate development pathways and support staged investment decisions over the medium term.
Focused Gold Exploration Assets In Western AustraliaConcentrated asset focus in a proven, mining-friendly jurisdiction provides structural optionality: discovered resources can be developed, farmed-out, or monetised. The business model centers on advancing tenements toward production, aligning incentives for long-term value creation if exploration succeeds.
Bears Say
Severe Cash Burn And Deteriorating Free Cash FlowLarge negative free cash flow and a dramatic year-over-year deterioration signal heavy capital deployment and limited internal funding. This creates sustained financing needs and increases the likelihood of dilutive capital raises, imposing execution risk on multi-year exploration/development plans.
Ongoing Operating Losses And Negative ReturnsContinued operating and net losses show the company has not reached sustainable profitability; negative ROE implies invested capital is not generating returns. Over a 2-6 month horizon this limits internal capital accumulation and heightens reliance on external funding to advance projects.
Heightened Funding Dependence And Execution RiskThe combination of sustained losses and large cash outflows increases the probability of equity or project financings. That reliance can delay projects, dilute shareholders, or force asset sales, making multi-stage development plans vulnerable to funding market conditions over the medium term.
Meeka Gold Limited News
MEK FAQ
What was Meeka Gold Limited’s price range in the past 12 months?
Meeka Gold Limited lowest share price was AU$0.09 and its highest was AU$0.30 in the past 12 months.
What is Meeka Gold Limited’s market cap?
Meeka Gold Limited’s market cap is AU$273.97M.
When is Meeka Gold Limited’s upcoming earnings report date?
Meeka Gold Limited’s upcoming earnings report date is Sep 25, 2026 which is in 90 days.
How were Meeka Gold Limited’s earnings last quarter?
Meeka Gold Limited released its earnings results on Mar 15, 2026. The company reported AU$0.01 earnings per share for the quarter, beating the consensus estimate of N/A by AU$0.01.
Is Meeka Gold Limited overvalued?
According to Wall Street analysts Meeka Gold Limited’s price is currently Undervalued.
Does Meeka Gold Limited pay dividends?
Meeka Gold Limited does not currently pay dividends.
What is Meeka Gold Limited’s EPS estimate?
Meeka Gold Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Meeka Gold Limited have?
Meeka Gold Limited has 2,945,888,200 shares outstanding.
What happened to Meeka Gold Limited’s price movement after its last earnings report?
Meeka Gold Limited reported an EPS of AU$0.01 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.273%.
Which hedge fund is a major shareholder of Meeka Gold Limited?
Currently, no hedge funds are holding shares in AU:MEK
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Meeka Gold Limited Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
AU$0.35 (118.75% Upside)
AU$0.35 (118.75% Upside)
Blogger Sentiment
Bullish
AU:MEK Sentiment 94%
Sector Average ―
Sector Average ―
Fundamentals
Return on Equity
17.19%
Trailing 12-Months
Asset Growth
102.31%
Trailing 12-Months
Company Description
Meeka Gold Limited
Meeka Metals Limited is an Australian company primarily engaged in the exploration of precious metals and critical minerals, specifically gold and rare earth elements. The company's key asset is the Murchison gold project, which encompasses a significant area of 343 square kilometers within Western Australia's renowned Murchison Gold Fields region. Formerly known as Meeka Gold Limited, the company rebranded to Meeka Metals Limited in July 2022. Its corporate office is situated in West Perth, Australia.
MEK Stock 12 Month Forecast
Average Price Target
AU$0.35
▲(118.75% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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