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$412.42M
Enterprise ValueAU$381.61M
Total Cash (Recent Filing)AU$37.29M
Total Debt (Recent Filing)AU$6.47M
Price to Earnings (P/E)6.2
Beta0.70
Next Earnings
Sep 30, 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$0.39Price Target Upside143.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$237.55M
Bulls Say, Bears Say
Bulls Say
Conservative Balance Sheet / Low LeverageVery low debt and a large equity base provide durable financial flexibility for exploration and development. This reduces near-term refinancing risk, supports staged project spending, and gives management options (farm-outs, JV, measured capex) to fund milestones without immediate operational revenue.
Initial Revenue Traction (FY2025)Recording first material revenue marks a structural progression from pure exploration toward commercial activity. Continued revenue generation, even modest, improves ability to test project economics, secure offtakes or partners, and demonstrates early-stage operational capability versus having zero top line.
Clear Development-focused Business ModelA stated focus on advancing tenements toward development gives a durable roadmap for value creation: systematic exploration, resource evaluation and development planning concentrate capital on convertibility of assets to producible ore, aligning management actions with long-term project milestones.
Bears Say
Weak Cash Generation; Steep Free Cash Flow DeteriorationLarge negative operating and free cash flows materially increase funding dependence and execution risk. Sustained outflows mean management must access external capital to progress projects, which can dilute shareholders, compress optionality, and slow development if markets or financing windows tighten.
Sizable Operating And Net Losses; Negative MarginsWidening losses despite initial revenue indicate the company has not yet demonstrated scalable, margin-accretive operations. Persistent negative margins mean a longer path to self-sustaining cash generation and greater reliance on investor funding to convert resources into profitable production.
Equity Base Not Translating Into Returns (negative ROE)A large equity base with negative ROE signals capital inefficiency to investors: significant capital deployed but no profit generation yet. Over the medium term this raises the bar for management to deliver measurable resource conversion or production milestones to justify capital and attract further funding.
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$412.42M.
When is Meeka Gold Limited’s upcoming earnings report date?
Meeka Gold Limited’s upcoming earnings report date is Sep 30, 2026 which is in 159 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$0.39 (143.75% Upside)
AU$0.39 (143.75% Upside)
Blogger Sentiment
Bullish
AU:MEK Sentiment 98%
Sector Average 75%
Sector Average 75%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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$0.39
▲(143.75% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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