Meteoric Resources NL (MEI) AI Stock Analysis

• Market Cap: AU$257.05M
• Dividend Yield: N/A
• Average Volume (3M): 10.32M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: N/A
• EPS Growth: 50.28%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 2,336,862,800
• 10 Day Avg. Volume: 5,206,502
• 30 Day Avg. Volume: 10,317,997
• PEG Ratio: 0.08
• Price to Book (P/B): 8.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.27
• Price Target Upside: 145.45% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

Meteoric Resources NL has a challenging financial performance with ongoing losses, but exhibits positive technical indicators suggesting short-term momentum. Valuation remains weak due to negative earnings, making it a potentially volatile investment. Strategic improvements are needed for long-term sustainability.

Meteoric Resources NL Business Overview & Revenue Model

Company Description

Meteoric Resources NL (MEI) is an Australian-based exploration company focused on the discovery and development of mineral resources. The company primarily operates in the sectors of gold and rare earths exploration, with its core projects located in Brazil and Australia. Meteoric Resources is committed to expanding its portfolio through strategic exploration and acquisition of high-potential mineral properties.

How the Company Makes Money

Meteoric Resources makes money primarily through the exploration and potential development of mineral resources, which can lead to the sale of these resources to larger mining companies or investors. The company generates revenue by increasing the value of its exploration projects through successful drilling and resource estimation, potentially leading to joint ventures, partnerships, or outright sales of its projects. Significant partnerships with larger mining companies or financial investors can contribute to its earnings by providing funding and technical expertise, allowing Meteoric Resources to advance its projects and increase their market value.

Meteoric Resources NL Financial Statement Overview

Summary

Meteoric Resources NL is experiencing revenue growth but continues to face significant challenges in achieving profitability and positive cash flow. The balance sheet remains stable with minimal leverage, yet the company struggles with negative returns on equity and substantial net losses.

Income Statement

Meteoric Resources NL reported its first revenue in 2024, showing revenue growth but with substantial negative income, reflected by a net profit margin of -2956.95%. Despite some revenue generation, the company continues to face significant net losses and negative EBIT and EBITDA margins, indicating ongoing challenges in achieving profitability.

Balance Sheet

The company's balance sheet shows a relatively low debt-to-equity ratio of 0.07, which indicates conservative leverage. However, the return on equity is negative at -196.83%, reflecting significant net losses. The equity ratio is 50.49%, demonstrating a moderate reliance on equity financing. Overall, the balance sheet suggests stability in terms of debt management but highlights challenges in generating returns.

Cash Flow

Meteoric Resources NL's cash flow statement indicates a negative free cash flow, with a substantial decrease in free cash flow from the previous period. The operating cash flow to net income ratio is positive due to cash flow adjustments, but the overall cash flow generation remains weak, reflecting significant operational cash outflows and capital expenditures.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
583.90K	553.60K	0.00	0.00	0.00	0.00
	Gross Profit
583.90K	553.60K	-19.73K	-21.84K	-18.35K	-7.30K
	EBIT
-41.74M	-44.52M	-37.77M	-3.17M	-10.36M	-7.20M
	EBITDA
-41.68M	-44.46M	-37.75M	-3.15M	-10.34M	-7.19M
	Net Income Common Stockholders
-36.79M	-16.37M	-40.81M	-5.56M	-9.04M	-7.15M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
32.30M	13.87M	17.29M	1.55M	3.97M	6.51M
	Total Assets
33.92M	16.47M	18.09M	2.12M	5.18M	6.76M
	Total Debt
0.00	549.14K	1.75M	0.00	0.00	0.00
	Net Debt
-32.30M	-13.33M	-15.54M	-1.55M	-3.97M	-6.51M
	Total Liabilities
7.03M	8.16M	2.21M	425.66K	527.73K	225.78K
	Stockholders Equity
26.88M	8.31M	15.88M	1.70M	4.66M	6.54M
Cash Flow		Free Cash Flow
-34.01M	-35.08M	-16.47M	-5.03M	-7.30M	-5.83M
	Operating Cash Flow
-32.55M	-33.86M	-16.45M	-5.02M	-7.22M	-5.76M
	Investing Cash Flow
-411.05K	26.52M	3.86M	-7.58K	443.41K	-871.48K
	Financing Cash Flow
29.33M	5.24M	28.33M	2.61M	4.23M	10.61M

Meteoric Resources NL Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEI, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.08, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 64.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MEI.

Meteoric Resources NL Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMD	72 Outperform	AU$4.34B	33.80	13.01%	―	125.45%	―
ALK	67 Neutral	$435.99M	23.61	5.86%	―	10.37%	-39.24%
MEI	54 Neutral	AU$257.05M	―	-139.84%	―	―	50.28%
Sector *	50 Neutral	$1.98B	-1.06	-21.29%	3.61%	1.95%	-30.60%
CHN	48 Neutral	€441.55M	―	-16.63%	―	―	57.93%
NMT	40 Underperform	$61.55M	―	-46.99%	―	―	-23.51%
BSX	40 Underperform	AU$49.64M	―	-51.66%	―	―	59.92%

Meteoric Resources NL Corporate Events

Meteoric Resources Expands Rare Earth Resource Amid Global Supply Shifts

Meteoric Resources NL has reported significant growth in its Global Mineral Resource Estimate (MRE) to 1.5 billion tonnes at 2,359ppm Total Rare Earth Oxides (TREO), highlighting its strategic importance as an alternative supplier following Chinese export controls. The company is advancing its Caldeira Rare Earth Ionic Clay Project in Brazil, with updates to the MRE and a maiden estimate for the Barra do Pacu deposit. These developments position Meteoric to support new long-term supply chains, with the Pre-Feasibility Study outcomes expected in June 2025.

Meteoric Resources Boosts Rare Earths Portfolio with New Resource Estimate

Meteoric Resources NL has announced the maiden Mineral Resource Estimate for the Barra do Pacu licence at its Caldeira Project, adding 389 million tonnes of rare earth oxides. This development significantly enhances the company’s resource base, doubling the Indicated Resource near the proposed processing plant site and positioning the Caldeira Project as a key player in the global rare earth supply chain. The addition of Barra do Pacu strengthens Meteoric’s ability to offer a low-cost alternative to Chinese-controlled rare earths, potentially driving strong economic returns and rapid capital payback.

Meteoric Resources Poised to Capitalize on Rare Earth Supply Restrictions

Meteoric Resources NL has announced its readiness to offer an alternative supply of critical rare earth elements following China’s new export controls on these materials. The company’s Caldeira Project, a high-grade Ionic Absorption Clay deposit, is poised to become a key player in the global supply chain with its significant resource base and low operating costs. The project is expected to increase production volumes with upcoming resource updates and exploration efforts, reinforcing Meteoric’s position as a sustainable and scalable supplier of rare earths.

Meteoric Resources Confirms Stability of Mineral Resource Estimates

Meteoric Resources NL has announced the confirmation of mineral resource estimates for several of its prospects, including Cupim Vermelho Norte, Dona Maria, Soberbo, Capão del Mel, and Figueira. The company states that there have been no material changes to the assumptions and technical parameters underpinning these estimates, reinforcing the stability of its resource base. This announcement is crucial for stakeholders as it underscores the company’s strong positioning in the rare earth elements market, particularly with its high-grade ionic adsorption clay REE deposits.

Meteoric Resources Boosts Caldeira Project’s Rare Earth Estimates

Meteoric Resources NL has announced a significant update to its Mineral Resources Estimate for the Caldeira Project, increasing the estimate by 50% to 1.1 billion tonnes of Total Rare Earth Oxides (TREO). This expansion underscores the project’s Tier 1 status and its potential to impact global rare earth markets. The company’s strategic focus on high-grade areas, such as the recently discovered Barra do Pacu, aims to enhance long-term value and support the development of a sustainable, low-cost rare-earth supply chain.

Meteoric Resources NL Releases Corporate Directory and Financial Statements

Meteoric Resources NL, listed on the Australian Securities Exchange under the code MEI, has released its corporate directory and financial statements. The document outlines the company’s management team, financial position, and performance, providing stakeholders with insights into its operations and market standing.

Meteoric Resources NL Reaffirms Mineral Resource Estimates

Meteoric Resources NL has confirmed that its previous mineral resource estimates and assumptions for various deposits, including the high-grade ionic adsorption clay REE deposit at Caldeira, remain unchanged and continue to apply. This reaffirms the company’s strong position in the rare earth elements sector, with the potential to impact stakeholders positively by maintaining the integrity and reliability of its resource estimates.

Meteoric Resources Updates on Caldeira Project Progress

Meteoric Resources NL has announced updates regarding its Caldeira project, which is identified as the world’s highest-grade ionic adsorption clay rare earth element deposit. The company reiterates that there have been no material changes to previous mineral resource estimates and exploration results, ensuring that the technical parameters and assumptions remain unchanged. This announcement underlines the company’s steady progress in the development of its mineral assets, which could significantly strengthen its position in the rare earth elements market.