Meteoric Resources NL (AU:MEI)
ASX:MEI
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Meteoric Resources NL
(Sydney:MEI)
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Rating:52Neutral
Price Target:
AU$0.17
▲(4.38% Upside)
Action:ReiteratedDate:01/30/26
The score is held back primarily by weak financial performance (losses, negative ROE, and negative operating/free cash flow) despite strong revenue growth. Technicals are relatively supportive with price above key moving averages and positive MACD, but valuation is constrained by negative earnings and no dividend data.
Positive Factors
Strong Revenue Growth
A near 700% revenue increase indicates successful advancement of exploration or project transactions, strengthening the company's ability to demonstrate progress. Sustained top-line growth can improve access to JV partners, government support and targeted capital for next-stage technical studies.
Negative Factors
Negative Cash Flows
Persistent negative operating and free cash flows force dependence on external financing to fund exploration and studies. Over the medium term this increases dilution or financing costs, constrains project timelines, and raises execution risk if capital markets tighten or investor interest wanes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A near 700% revenue increase indicates successful advancement of exploration or project transactions, strengthening the company's ability to demonstrate progress. Sustained top-line growth can improve access to JV partners, government support and targeted capital for next-stage technical studies.
Read all positive factors
Meteoric Resources NL (MEI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$436.66M
Dividend YieldN/A
Average Volume (3M)11.70M
Price to Earnings (P/E)―
Beta (1Y)2.92
Revenue GrowthN/A
EPS Growth32.49%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,646,399,000
10 Day Avg. Volume22,836,960
30 Day Avg. Volume11,701,800
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)32.43
Price to Sales (P/S)58.80
P/FCF Ratio-8.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.32Price Target Upside100.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Meteoric Resources NL Business Overview & Revenue Model
Company Description
Meteoric Resources NL explores for mineral tenements in Brazil, Canada, Western Australia, and Northern Territory. It explores for gold, copper, cobalt, diamond, and silver deposits. The company owns interests in the Palm Springs gold project, whi...
How the Company Makes Money
Meteoric Resources NL does not typically generate recurring operating revenue in the way a producing miner or industrial business does; as an exploration-stage company, it generally funds its activities primarily through capital raising (e.g., iss...
Meteoric Resources NL Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
40
Negative
Cash Flow
25
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.65M | 553.60K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 4.65M | 553.60K | -19.73K | -21.84K | -18.35K |
| EBITDA | -36.12M | -44.46M | -37.75M | -3.15M | -10.34M |
| Net Income | -36.47M | -16.37M | -40.81M | -5.56M | -9.04M |
Balance Sheet | |||||
| Total Assets | 17.01M | 16.47M | 18.09M | 2.12M | 5.18M |
| Cash, Cash Equivalents and Short-Term Investments | 10.97M | 13.87M | 17.29M | 1.55M | 3.97M |
| Total Debt | 322.93K | 549.14K | 1.75M | 0.00 | 0.00 |
| Total Liabilities | 8.58M | 8.16M | 2.21M | 425.66K | 527.73K |
| Stockholders Equity | 8.43M | 8.31M | 15.88M | 1.70M | 4.66M |
Cash Flow | |||||
| Free Cash Flow | -33.26M | -35.08M | -16.47M | -5.03M | -7.30M |
| Operating Cash Flow | -32.09M | -33.86M | -16.45M | -5.02M | -7.22M |
| Investing Cash Flow | -170.02K | 26.52M | 3.86M | -7.58K | 443.41K |
| Financing Cash Flow | 29.33M | 5.24M | 28.33M | 2.61M | 4.23M |
Meteoric Resources NL Technical Analysis
Negative
0.16
Price Trends
0.20
Negative
0.19
Negative
0.17
Negative
Market Momentum
-0.01
Positive
41.55
Neutral
31.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEI, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.20, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.55 is Neutral, neither overbought nor oversold. The STOCH value of 31.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MEI.
Meteoric Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$436.66M | -8.07 | -107.71% | ― | ― | 32.49% | |
51 Neutral | AU$341.86M | -4.82 | -53.29% | ― | ― | ― | |
46 Neutral | AU$399.70M | -17.97 | -4.26% | ― | ― | -12.50% | |
45 Neutral | AU$265.09M | -1.83 | -30.70% | ― | -62.37% | 23.19% | |
44 Neutral | AU$238.60M | -4.10 | -377.15% | ― | ― | 32.73% | |
41 Neutral | AU$187.26M | 82.73 | -0.58% | 1.54% | 14.64% | -213.25% |
* Basic Materials Sector Average
AU:MEI
Meteoric Resources NL
0.17
0.10
135.71%
AU:SYR
Syrah Resources
0.12
-0.05
-28.14%
AU:INR
ioneer Limited
0.13
0.00
0.00%
AU:NTU
Northern Minerals Limited
0.03
>-0.01
-3.85%
AU:CTM
Centaurus Metals Limited
0.61
0.27
83.33%
AU:OMH
OM Holdings Ltd.
0.25
-0.07
-22.47%
Meteoric Resources NL Corporate Events
Meteoric Resources Details Governance and Structure in Transitional Annual Report
Mar 26, 2026
Meteoric Resources NL has released its transitional annual report for the period ending 31 December 2025, outlining its updated corporate structure and key governance details. The report highlights the composition of its board and executive team, ...
Meteoric Resources Files Appendix 4G, Confirms ASX Governance Compliance
Mar 26, 2026
Meteoric Resources NL has lodged its Appendix 4G and confirmed that its corporate governance statement for the six months to 31 December 2025 is available on its website, current as of 26 March 2026 and approved by the board. The filing outlines h...
Meteoric Resources Reaffirms Caldeira Rare Earth Project Assumptions and Resource Integrity
Mar 18, 2026
Meteoric Resources has reiterated the status and robustness of its mineral resource estimates and scoping and pre-feasibility study work across multiple deposits in its Caldeira Rare Earth Project in Brazil. The company confirms that no new inform...
Meteoric Secures Strong Government Backing as Caldeira Rare Earth Pilot Hits Nameplate Output
Mar 17, 2026
Meteoric Resources welcomed Minas Gerais Governor Romeu Zema and local political and Indigenous leaders to its pilot plant at the Caldeira Rare Earth Project in Caldas, underscoring strong backing from municipal, state and federal stakeholders. Th...
Meteoric Sets AGM Date and Deadline for Director Nominations
Mar 15, 2026
Meteoric Resources NL has scheduled its Annual General Meeting for 14 May 2026, at which shareholders will consider, among other matters, the re-election and appointment of directors. The company has set 20 March 2026 as the deadline for nominatio...
Meteoric Advances Caldeira Rare Earth Project With Installation Licence Filing
Mar 8, 2026
Meteoric Resources NL has submitted all required documentation to obtain an Installation Licence for its Caldeira Rare Earth Ionic Clay Project in Minas Gerais, marking the second step in a three-stage permitting process toward production. The app...
Meteoric Pilot Plant Hits Strong Rare Earth Recoveries at Brazilian Project
Feb 11, 2026
Meteoric Resources has reported strong performance from its newly commissioned mixed rare earth carbonate pilot plant at the Caldeira Project in Brazil, with magnet rare earth recoveries averaging 70 percent and production reaching up to 2.6 kilog...
Meteoric Resources Seeks ASX Quotation for New Employee Incentive Shares
Jan 30, 2026
Meteoric Resources NL has applied to the ASX for quotation of 2,883,148 new ordinary fully paid shares issued under its employee incentive scheme, with the securities not subject to transfer restrictions and dated 30 January 2026. The move modestl...
Meteoric Resources clears key approvals and delivers pilot production at Brazilian rare earths project
Jan 28, 2026
Meteoric Resources has advanced its Caldeira rare earths project in Brazil, securing a key Preliminary Environmental License that enables it to lodge the final Installation License application needed to begin construction, keeping the project on t...
Meteoric Resources Director Sells 1 Million Shares in On-Market Trade
Jan 15, 2026
Meteoric Resources NL has notified the ASX of a change in the shareholding of director Marcelo de Carvalho, who has sold 1,000,000 fully paid ordinary shares in on-market transactions on 8 and 9 January 2026 at a price of $0.1935 per share. Follow...
Meteoric Secures Export Finance Australia Backing for Brazilian Rare Earth Project
Jan 6, 2026
Meteoric Resources NL has received a non-binding, conditional Letter of Support from Export Finance Australia for indicative financing of up to US$50 million to help develop its Caldeira Rare Earth Project in Brazil, using Australian engineering, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.