Meeka Gold Limited (AU:MEK)
ASX:MEK
MEK Stock Chart & Stats
AU$0.18
<AU$0.01(2.08%)
At close: 4:00 PM EST
AU$0.18
<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$471.34M
Enterprise ValueAU$499.44M
Total Cash (Recent Filing)AU$37.29M
Total Debt (Recent Filing)AU$6.47M
Price to Earnings (P/E)6.2
Beta0.91
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$0.38Price Target Upside112.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$253.85M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetMeeka Gold's very low leverage and sizeable equity base provide structural financial resilience for a development-stage miner. Over the next 2-6 months this reduces default risk, supports continued exploration/development spending without immediate debt pressure, and preserves strategic optionality.
Top-line TractionA first material revenue contribution signals asset advancement from pure exploration toward monetisation. While small, sustained revenue growth over coming months would substantiate project de-risking, support future off-take or JV conversations, and validate parts of the development plan.
Funding FlexibilityThe combination of low debt and a large equity cushion gives management durable funding flexibility: the company can pursue equity raises, farm-outs or asset sales without immediate solvency stress. This structural flexibility lowers short-term execution risk for project milestones.
Bears Say
Weak Cash GenerationSeverely negative operating and free cash flow indicate the business is consuming capital to progress projects rather than generating it. Persistently negative cash conversion will require recurring external funding, increasing dilution risk and making long-term project execution contingent on capital markets access.
Sustained LossesOngoing operating and net losses show the company has not reached a profitable, self-sustaining phase. Over a multi-month horizon this weakens returns on invested capital, constrains reinvestment capacity, and prolongs reliance on external financing until projects can materially scale production.
Heightened Funding DependenceThe sharp deterioration in free cash flow creates structural funding dependence: management will likely need equity issuances, joint ventures or asset sales to fund development. This raises execution risk, potential project delays, and dilution for shareholders if financing windows tighten.
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$471.34M.
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 182 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$0.38 (112.82% Upside)
AU$0.38 (112.82% Upside)
Blogger Sentiment
Bullish
AU:MEK Sentiment 98%
Sector Average 68%
Sector Average 68%
Fundamentals
Return on Equity
-3.45%
Trailing 12-Months
Asset Growth
356.27%
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$0.38
▲(112.82% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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