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$0.12 - AU$0.31
Previous CloseN/A
Volume37.70M
Average Volume (3M)21.90M
Market Cap
AU$412.42M
Enterprise ValueAU$396.34M
Total Cash (Recent Filing)AU$37.29M
Total Debt (Recent Filing)AU$6.47M
Price to Earnings (P/E)6.2
Beta0.81
Next Earnings
Sep 30, 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$0.39Price Target Upside143.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$208.50M
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthMinimal financial leverage and a large equity base give Meeka multi-month capital flexibility to fund exploration and near-term development. This durable capitalization lowers refinancing pressure, supports staged project spending and reduces insolvency risk versus peers with higher debt.
Early Revenue TractionA first material revenue inflow signals the start of commercial activity or asset monetisation rather than pure pre‑clinical exploration. Over 2–6 months this establishes operational pathways, test sales history and commercial learning that can underpin future scaling and contract negotiations.
Focused Gold Exploration StrategyConcentrated focus on WA gold projects concentrates technical expertise, regulatory familiarity and logistics in a prolific jurisdiction. That specialization can shorten permitting cycles, improve exploration efficiency and enhance the chance of advancing discoveries to development over medium-term horizons.
Bears Say
Weak Cash GenerationDeep and widening negative free cash flow materially increases reliance on external funding and raises dilution risk. Sustained cash burn constrains the company's ability to progress projects without fresh capital, elevating execution risk and potentially delaying development timelines.
Ongoing Operating LossesPersistent operating and net losses indicate the business is not yet generating sustainable returns on invested capital. Over the medium term this limits internal funding for exploration, keeps ROE negative, and forces tradeoffs between growth, asset sales and additional equity raises.
Heightened Funding DependenceThe scale of FY2025 overspend amplifies dependency on capital markets, joint ventures or farm-outs. Such reliance can dilute shareholders, constrain strategic options, and make multi‑stage project execution contingent on successful financing rather than operational milestones.
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$0.12 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$412.42M.
When is Meeka Gold Limited’s upcoming earnings report date?
Meeka Gold Limited’s upcoming earnings report date is Sep 30, 2026 which is in 151 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$0.39 (143.75% Upside)
AU$0.39 (143.75% Upside)
Blogger Sentiment
Bullish
AU:MEK Sentiment 97%
Sector Average 75%
Sector Average 75%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Fundamentals
Return on Equity
17.19%
Trailing 12-Months
Asset Growth
102.31%
Trailing 12-Months
Company Description
Meeka Gold Limited
Meeka Metals Limited engages in the exploration of gold and rare earth properties in Australia. Its flagship project is the Murchison gold project covering an area of 343 square kilometers located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022. Meeka Metals Limited is based in West Perth, Australia.
MEK Stock 12 Month Forecast
Average Price Target
AU$0.39
▲(143.75% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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