Meeka Gold Limited (AU:MEK)
ASX:MEK
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Meeka Gold Limited
(Sydney:MEK)
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Rating:43Neutral
Price Target:
AU$0.15
▼(-19.44% Downside)
Action:ReiteratedDate:03/14/26
The score is weighed down primarily by weak financial performance driven by large losses and sharply worsening free cash flow, which increases reliance on external funding. Technicals also remain bearish with the stock below major moving averages and negative momentum indicators. Valuation provides limited support because earnings are negative and no dividend yield is available.
Positive Factors
Conservative Balance Sheet
Meeka 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.
Negative Factors
Weak Cash Generation
Severely 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Meeka 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.
Read all positive factors
Meeka Gold Limited (MEK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$515.53M
Dividend YieldN/A
Average Volume (3M)21.90M
Price to Earnings (P/E)6.2
Beta (1Y)0.91
Revenue GrowthN/A
EPS Growth16.67%
CountryAU
Employees67
SectorBasic Materials
Sector Strength58
IndustryGold
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$244.50M
Meeka Gold Limited Business Overview & Revenue Model
Company Description
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 Aus...
How the Company Makes Money
Meeka Gold’s potential revenue model is tied to the commercialisation of its gold projects. If and when it operates a mine, it would primarily make money by producing and selling gold (typically doré) into the gold market, with revenue largely det...
Meeka Gold Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
78
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 65.17M | 1.39M | 0.00 | 200.00K | 30.00K | 20.00K |
| Gross Profit | 39.49M | 1.39M | -72.12K | 139.28K | -18.26K | 20.00K |
| EBITDA | 51.35M | -2.11M | -2.71M | -933.00K | -2.95M | -3.44M |
| Net Income | 29.18M | -4.24M | -2.94M | -994.00K | -2.99M | -3.44M |
Balance Sheet | ||||||
| Total Assets | 231.01M | 180.53M | 35.45M | 30.18M | 22.27M | 22.91M |
| Cash, Cash Equivalents and Short-Term Investments | 37.29M | 55.65M | 2.95M | 2.77M | 2.47M | 9.21M |
| Total Debt | 6.47M | 2.06M | 2.23M | 147.80K | 130.42K | 0.00 |
| Total Liabilities | 43.12M | 28.89M | 7.53M | 4.76M | 4.27M | 3.99M |
| Stockholders Equity | 187.89M | 151.63M | 27.92M | 25.42M | 18.00M | 18.92M |
Cash Flow | ||||||
| Free Cash Flow | -69.38M | -71.66M | -7.03M | -8.19M | -6.30M | -10.37M |
| Operating Cash Flow | 20.63M | -4.49M | -1.52M | -1.07M | -676.46K | -718.80K |
| Investing Cash Flow | -98.13M | -67.17M | -5.50M | -6.92M | -6.02M | -9.65M |
| Financing Cash Flow | 59.53M | 124.36M | 7.20M | 8.30M | -43.33K | 16.39M |
Meeka Gold Limited Technical Analysis
Negative
0.18
Price Trends
0.22
Negative
0.23
Negative
0.20
Negative
Market Momentum
-0.02
Positive
35.28
Neutral
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEK, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.22, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.28 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MEK.
Meeka Gold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$1.94B | 5.44 | 9.92% | ― | 51.66% | 86.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$605.59M | -15.95 | -17.62% | ― | ― | -5.41% | |
54 Neutral | AU$642.19M | -22,278.86 | ― | ― | ― | ― | |
46 Neutral | AU$744.02M | -704.50 | -11.26% | ― | -3.61% | -49.39% | |
46 Neutral | AU$468.42M | -15.19 | -8.63% | ― | ― | 1.60% | |
43 Neutral | AU$515.53M | 6.25 | -3.45% | ― | ― | 16.67% |
* Basic Materials Sector Average
AU:MEK
Meeka Gold Limited
0.18
0.01
9.37%
AU:ALK
Alkane Resources Ltd
1.42
0.73
105.80%
AU:SBM
St. Barbara
0.62
0.37
146.00%
AU:TCG
Turaco Gold Ltd
0.61
0.21
52.50%
AU:AUC
Ausgold Limited
0.86
0.29
51.33%
AU:WIA
WIA Gold Limited
0.41
0.24
141.18%
Meeka Gold Limited Corporate Events
Meeka Metals fast-tracks Murchison plant upgrade with ore sorting boost
Mar 16, 2026
Meeka Metals has begun an upgrade at its Murchison processing plant, installing an additional crushing circuit, wash plant and a Steinert multi-sensor ore sorter to lift capacity to about 800,000 tonnes per annum. The initiative targets Andy Well ...
Meeka Gold Outlines Corporate Structure and ASX Listing Details
Mar 15, 2026
Meeka Gold Limited has detailed its current corporate structure, listing its board of directors, company secretary, and key service providers including its share registry, auditor, and legal counsel. The release also confirms its principal place o...
S&P Dow Jones Unveils March 2026 Overhaul of S&P/ASX Indices
Mar 6, 2026
SP Dow Jones Indices has unveiled its March 2026 quarterly rebalance of the SP/ASX index suite, with Northern Star Resources set to join the blue-chip SP/ASX 20 while Santos exits. The SP/ASX 50, 100, 200 and 300 will also see a raft of additions ...
Meeka Gold Lifts Production and Cash Flow as Murchison Expansion Advances
Jan 27, 2026
Meeka Gold reported a strong December 2025 quarter at its Murchison Gold Project, with gold production rising 28% quarter-on-quarter to 9,174 ounces at an all-in sustaining cost of A$2,365/oz, and mine operating cash flow nearly doubling to A$23.9...
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.