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$338.78M
Enterprise ValueAU$307.96M
Total Cash (Recent Filing)AU$37.29M
Total Debt (Recent Filing)AU$6.47M
Price to Earnings (P/E)6.2
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$173.55M
Bulls Say, Bears Say
Bulls Say
Low Leverage / Strong Balance SheetVery low debt relative to equity gives Meeka Gold durable financial flexibility. For a development-stage miner, minimal leverage lowers refinancing risk, preserves optionality to fund exploration or development with less pressure, and improves resilience to commodity volatility over months.
Large Equity Capital BaseA substantial equity base provides a buffer against asset write-downs and supports multi-year exploration and project advancement. This capital headroom helps sustain program spending without immediate insolvency risk, enabling strategic moves or partnerships in a 2-6 month horizon.
Emerging Revenue StreamTransitioning from zero to recorded revenue signals operational progress toward commercialization. Even small, persistent revenue reduces binary exploration risk, validates project pathways, and establishes a foundation that can scale as development advances, impacting medium-term cash dynamics.
Bears Say
Severe Negative Free Cash FlowA large, worsening free cash flow deficit is a structural weakness: it forces recurrent external financing, raises dilution risk, and limits internal funding for development. Over the medium term this heightens execution uncertainty and may delay project milestones if capital markets tighten.
Persistent Operating And Net LossesContinued operating losses indicate the business has not reached sustainable profitability. Persistent negative returns mean equity capital is not being rewarded and prolongs reliance on external funding, constraining reinvestment and increasing the probability of strategic dilution over months.
Increased Funding & Execution RiskThe marked deterioration in cash metrics materially raises the chance management must pursue dilutive raises, joint ventures, or asset sales. That reliance on external capital creates execution risk for exploration and development timelines and may force suboptimal choices under funding pressure.
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$338.78M.
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 124 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 96%
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 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$0.35
▲(118.75% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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