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Melbana Energy Limited (AU:MAY)
ASX:MAY
MAY Stock Chart & Stats
AU$0.01
>-AU$0.01(-3.70%)
At close: 4:00 PM EST
AU$0.01
>-AU$0.01(-3.70%)
Day’s Range― - ―
52-Week Range<AU$0.01 - AU$0.04
Previous CloseN/A
Volume1.42M
Average Volume (3M)4.49M
Market Cap
AU$30.26M
Enterprise ValueAU$25.14M
Total Cash (Recent Filing)AU$5.12M
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)―
Beta1.17
Next Earnings
Sep 24, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.00
Shares Outstanding3,781,968,800
10 Day Avg. Volume3,210,177
30 Day Avg. Volume4,491,555
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.33
Price to Sales (P/S)0.00
P/FCF Ratio-1.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Debt / Strong EquityMinimal debt and meaningful equity reduce near-term solvency risk and preserve strategic optionality. This balance-sheet strength lets Melbana absorb exploration timing variability, pursue partner-funded programs, and avoid forced asset sales, supporting multi-month resilience before production.
Portfolio Of Exploration AssetsOwning onshore Cuban and Australian exploration acreage provides structural upside typical of upstream firms: discoveries can be de-risked and progressed to development over time. Geographic and asset diversification increases the probability of maturing at least one commercially viable project.
Monetisation / Farm-out StrategyA deliberate farm-out and sell-down approach aligns incentives to de-risk prospects while conserving cash. This durable business mechanic brings partner capital and expertise, lowers Melbana's funding burden for drills, and creates recurring pathways to realise value without increasing leverage.
Bears Say
Zero Revenue Since FY2023No material revenue since FY2023 indicates absence of producing assets, removing internal cash generation. This structural gap forces dependence on capital markets or partner deals to fund operations, increasing dilution and execution risk until a production base is established.
Persistent Negative Cash FlowContinuous negative operating and free cash flows show the business consumes cash without offsetting inflows. Over months this elevates reliance on external financing, can erode equity buffers, constrain exploration pacing, and raise the risk that projects must be delayed or farmed down under less favourable terms.
Sustained Operating LossesConsistent negative EBIT and volatile net income reflect inability to produce stable operating profits. This undermines retained earnings and reinvestment capacity, forcing strategic choices driven by external capital rather than organic cash flows until commercial production is achieved.
Melbana Energy Limited News
MAY FAQ
What was Melbana Energy Limited’s price range in the past 12 months?
Melbana Energy Limited lowest share price was <AU$0.01 and its highest was AU$0.04 in the past 12 months.
What is Melbana Energy Limited’s market cap?
Melbana Energy Limited’s market cap is AU$30.26M.
When is Melbana Energy Limited’s upcoming earnings report date?
Melbana Energy Limited’s upcoming earnings report date is Sep 24, 2026 which is in 201 days.
How were Melbana Energy Limited’s earnings last quarter?
Melbana Energy Limited released its earnings results on Mar 06, 2026. The company reported AU$0 earnings per share for the quarter, the consensus estimate of N/A by AU$0.
Is Melbana Energy Limited overvalued?
According to Wall Street analysts Melbana Energy Limited’s price is currently Overvalued.
Does Melbana Energy Limited pay dividends?
Melbana Energy Limited does not currently pay dividends.
What is Melbana Energy Limited’s EPS estimate?
Melbana Energy Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Melbana Energy Limited have?
Melbana Energy Limited has 3,781,968,800 shares outstanding.
What happened to Melbana Energy Limited’s price movement after its last earnings report?
Melbana Energy Limited reported an EPS of AU$0 in its last earnings report, expectations of N/A. Following the earnings report the stock price went up 5.882%.
Which hedge fund is a major shareholder of Melbana Energy Limited?
Currently, no hedge funds are holding shares in AU:MAY
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
Melbana Energy Limited Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Blogger Sentiment
Bullish
AU:MAY Sentiment 70%
Sector Average 68%
Sector Average 68%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
―
20 days / 200 days
Momentum
130.00%
12-Months-Change
Fundamentals
Return on Equity
-7.26%
Trailing 12-Months
Asset Growth
-18.35%
Trailing 12-Months
Company Description
Melbana Energy Limited
Melbana Energy Limited engages in the oil and gas exploration in Cuba and Australia. The company holds a 100% interest in the Tassie Shoal Methanol and LNG project located in Australia. It also holds a 100% interest in the Santa Cruz oil field located in Cuba; and WA-544-P and NT/P87 permits covering an area of approximately 4,000km2 in the Petrel sub-basin, as well as a 30% interest in Block 9 that covers an area of 2,344km2 located in Cuba. The company was formerly known as MEO Australia Limited and changed its name to Melbana Energy Limited in November 2016. Melbana Energy Limited was incorporated in 1994 and is headquartered in Sydney, Australia.
Technical Analysis
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