Meteoric Resources NL (AU:MEI)
ASX:MEI
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Meteoric Resources NL
(Sydney:MEI)
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Rating:45Neutral
Price Target:
AU$0.17
â–¼(-2.35% Downside)
Action:Reiterated
Date:04/23/26
The score is primarily weighed down by weak financial quality—ongoing losses and negative operating/free cash flow—despite strong reported revenue growth and conservative leverage. Technical signals are neutral-to-mixed, offering limited support, and valuation is constrained by negative earnings and no dividend data.
Positive Factors
Strong reported revenue growth
The company reported a 696.58% revenue increase, indicating material top-line expansion and market traction for its projects. Over 2–6 months this growth suggests successful exploration/asset advancement that can create development optionality and attract partners or financiers if sustained.
Negative Factors
Persistent unprofitability
Sustained negative EBIT and net margins indicate the company is not converting revenue into profit, undermining self-funding for exploration and development. Over months this limits reinvestment capacity, forces reliance on external capital, and increases dilution and execution risk for progressing projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong reported revenue growth
The company reported a 696.58% revenue increase, indicating material top-line expansion and market traction for its projects. Over 2–6 months this growth suggests successful exploration/asset advancement that can create development optionality and attract partners or financiers if sustained.
Read all positive factors
Meteoric Resources NL (MEI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$494.13M
Dividend YieldN/A
Average Volume (3M)11.70M
Price to Earnings (P/E)―
Beta (1Y)2.65
Revenue GrowthN/A
EPS Growth11.81%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding2,906,619,000
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$0.35Price Target Upside105.88% 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
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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
0.17
Price Trends
0.18
Negative
0.19
Negative
0.18
Negative
Market Momentum
<0.01
Positive
39.37
Neutral
4.17
Positive
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 0.17 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.18, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 4.17 is Positive, 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% | |
53 Neutral | AU$356.70M | -16.97 | -39.39% | ― | ― | 25.54% | |
52 Neutral | AU$445.82M | -17.97 | -1.80% | ― | ― | 5.36% | |
45 Neutral | AU$494.13M | -8.07 | -107.71% | ― | ― | 11.81% | |
43 Neutral | AU$229.87M | -3.79 | -30.70% | ― | 6.78% | 32.51% | |
42 Neutral | AU$238.60M | -4.10 | -128.41% | ― | ― | 36.54% | |
41 Neutral | AU$191.08M | 4.17 | -0.58% | 1.54% | -0.53% | -77.84% |
* Basic Materials Sector Average
AU:MEI
Meteoric Resources NL
0.17
0.07
71.72%
AU:SYR
Syrah Resources
0.10
-0.18
-64.64%
AU:INR
ioneer Limited
0.15
0.02
16.00%
AU:NTU
Northern Minerals Limited
0.03
>-0.01
-7.41%
AU:CTM
Centaurus Metals Limited
0.63
0.27
75.00%
AU:OMH
OM Holdings Ltd.
0.25
-0.07
-21.14%
Meteoric Resources NL Corporate Events
Meteoric Issues 16.4 Million Shares Under Cleansing Notice
May 11, 2026
Meteoric Resources NL has issued 16,402,262 fully paid ordinary shares without a prospectus, relying on the cleansing notice provisions of the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous dis...
Meteoric Resources Seeks ASX Quotation for 16.4 Million New Shares
May 11, 2026
Meteoric Resources NL has applied for quotation on the ASX of 16,402,262 ordinary fully paid shares, to be issued on May 11, 2026. The new securities form part of previously announced transactions and will increase the company’s listed share...
Meteoric Resources advances Caldeira rare earth project with strong pilot plant performance and financing support
Apr 29, 2026
Meteoric Resources reported strong March-quarter progress at its Caldeira rare earth project, highlighted by the pilot plant operating at or above nameplate capacity and producing over 2kg per day of mixed rare earth carbonate. Magnet rare earth r...
Meteoric Resources Completes A$40 Million Placement to Advance Caldeira Rare Earth Project
Apr 28, 2026
Meteoric Resources NL has completed a A$40 million share placement, issuing 235 million new fully paid ordinary shares at A$0.17 each to institutional and sophisticated investors. The capital raising strengthens the company’s balance sheet a...
Meteoric Resources Seeks ASX Quotation for 235 Million New Shares
Apr 28, 2026
Meteoric Resources NL has applied to the Australian Securities Exchange for the quotation of 235,294,118 new ordinary fully paid shares. The new securities, issued on 29 April 2026, form part of a previously announced transaction and will expand t...
Meteoric Resources Issues Shares to Settle Commission Fees
Apr 28, 2026
Meteoric Resources NL has applied to the ASX for quotation of 6,000,000 new fully paid ordinary shares issued as payment for commission fees. The shares, dated 29 April 2026, represent a non-cash form of remuneration that slightly expands the comp...
Meteoric Resources Plans Major Share Placement to Boost Capital
Apr 21, 2026
Meteoric Resources NL has notified the ASX of a proposed placement of up to 235,294,118 ordinary fully paid shares. The new securities are scheduled for issue on 29 April 2026, signalling a significant capital raise that could provide additional f...
Meteoric Secures $40m at Market Price to Advance Caldeira Rare Earths Project
Apr 21, 2026
Meteoric Resources has secured firm commitments for a $40 million equity placement, issuing about 235 million new shares at $0.17, matching its last closing price and reflecting zero discount. The raising was significantly oversubscribed and drew ...
Meteoric Resources Seeks Trading Halt Ahead of Material Capital Raising
Apr 19, 2026
Meteoric Resources NL has requested a trading halt in its securities on the ASX, effective immediately, as it prepares to release an announcement regarding a material capital raising. The halt will remain in place until either the start of normal ...
Meteoric Resources Sets 2026 AGM, Moves to Digital Meeting Materials
Apr 14, 2026
Meteoric Resources NL has scheduled its Annual General Meeting for 10:00am WST on 14 May 2026 in Perth, confirming that shareholders may attend in person or vote by proxy, with all resolutions to be decided by poll. In line with recent changes to ...
Meteoric Resources Sets Date and Venue for 2026 Annual General Meeting
Apr 14, 2026
Meteoric Resources NL has called its 2026 Annual General Meeting for 14 May 2026 at 10:00am WST at BDO Australia’s offices in Perth, Western Australia. Shareholders are directed to review the notice of meeting and explanatory memorandum, con...
Meteoric Resources Director Updates Equity Interests After Performance Rights Expire
Apr 10, 2026
Meteoric Resources NL has reported a change in director Andrew Tunks’ interests following the expiry of a tranche of performance rights. Tunks’ 4,000,000 Class C Performance Rights, which were held indirectly through Tunks Geoconsultin...
Meteoric Resources Simplifies Capital Structure as Performance Securities Lapse
Apr 10, 2026
Meteoric Resources NL has notified the market of the cessation of a significant parcel of performance-linked securities, including 25,000,000 performance shares and 23,750,000 performance rights. These instruments lapsed unexercised on 2 April 202...
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...
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.