Metals Creek Resources (MEK) AI Stock Analysis

• Market Cap: C$3.74M
• Dividend Yield: N/A
• Average Volume (3M): 63.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: 30.61%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 186,841,870
• 10 Day Avg. Volume: 34,070
• 30 Day Avg. Volume: 63,289
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.

Metals Creek Resources Business Overview & Revenue Model

Company Description

Metals Creek Resources (MEK) is a junior exploration company focused on the acquisition, exploration, and development of mineral properties in Canada. The company primarily targets gold, silver, and base metal deposits, leveraging its expertise to identify and develop high-potential mining projects. Metals Creek Resources operates within the mining and metals sector, aiming to build a robust portfolio of exploration assets through strategic partnerships and joint ventures.

How the Company Makes Money

Metals Creek Resources makes money primarily through the exploration and potential development of its mineral properties. The company's revenue model involves acquiring promising mineral properties, conducting exploration activities to assess their potential, and then partnering with larger mining companies through joint ventures or option agreements to further develop these properties. These partnerships often provide Metals Creek with funding for exploration activities in exchange for a stake in the project or future royalties. Additionally, the company may earn income by selling its interest in a property to other mining companies once significant exploration milestones are achieved.

Metals Creek Resources Financial Statement Overview

Summary

Metals Creek Resources struggles with consistent losses due to negative EBIT and net income, compounded by a lack of revenue generation. Despite a strong equity position, negative cash flows and reliance on external funding present significant financial challenges.

Income Statement

Metals Creek Resources has struggled with consistent losses as evidenced by persistent negative EBIT and net income figures over multiple years. The lack of revenue generation further exacerbates their financial situation, indicating significant challenges in turning profits.

Balance Sheet

The company maintains a strong equity position relative to its liabilities, as evidenced by a high equity ratio. However, the absence of revenue and ongoing losses suggest potential risks in sustaining operations without external financing.

Cash Flow

Cash flow analysis reveals persistent negative operating cash flow and free cash flow, which reflects ongoing operational challenges. Although financing inflows have helped cover some deficits, reliance on external funding is a notable concern.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-19.04K	-27.82K	-33.31K	-26.83K	-13.01K
	EBIT
-980.04K	-550.29K	4.28M	-1.62M	-1.72M
	EBITDA
-706.98K	-562.91K	-6.22M	-1.06M	590.69K
	Net Income Common Stockholders
-690.71K	-921.67K	-5.93M	-326.99K	636.16K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
96.67K	144.06K	778.40K	1.59M	973.70K
	Total Assets
710.14K	9.02M	9.47M	15.18M	9.48M
	Total Debt
0.00	10.22K	22.40K	34.31K	44.94K
	Net Debt
-96.67K	-133.84K	-466.73K	68.61K	-160.49K
	Total Liabilities
308.38K	143.38K	204.06K	829.17K	147.34K
	Stockholders Equity
401.76K	8.88M	9.26M	14.35M	9.33M
Cash Flow		Free Cash Flow
-783.24K	-895.46K	-3.14M	-3.84M	-1.33M
	Operating Cash Flow
-783.24K	-584.50K	-831.60K	-468.87K	-318.60K
	Investing Cash Flow
253.69K	-151.40K	-2.13M	-3.24M	-236.68K
	Financing Cash Flow
545.01K	555.86K	2.36M	4.23M	1.01M

Metals Creek Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEK, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.69 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MEK.

Metals Creek Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.95B	-1.21	-21.28%	3.72%	1.18%	-30.47%
CQX	40 Underperform	C$3.84M	―	-92.76%	―	―	-286.86%
GR	38 Underperform	C$4.27M	―	134.74%	―	―	34.31%
DEC	37 Underperform	C$4.41M	―	-11.77%	―	―	-55.32%
MEK	36 Underperform	C$3.74M	―	-13.62%	―	―	30.61%
GCX	34 Underperform	$3.98M	―	-20.62%	―	―	-30.91%

Metals Creek Resources Corporate Events

Metals Creek and Lomiko Expand Yellow Fox Exploration Program

Metals Creek Resources Corp. announced an update on the Yellow Fox property, which is being developed in partnership with Lomiko Metals Inc. The property, located in central Newfoundland, is prospective for antimony, gold, and silver, and has been expanded to include a new claim block. A soil sampling program is planned to better define mineral targets, with Metals Creek managing the work. The results of this exploration could impact the company’s operations and industry positioning by potentially increasing its resource base.

Spark’s Take on TSE:MEK Stock

According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.

Metals Creek Resources faces significant financial difficulties, with persistent losses and a lack of revenue generation being the primary concerns. While recent corporate developments offer some hope for future growth, the technical and valuation metrics remain unfavorable, resulting in a low overall stock score.

To see Spark’s full report on TSE:MEK stock, click here.

Metals Creek Resources Corp. Plans $200,000 Private Placement Financing

Metals Creek Resources Corp. announced its intention to complete a non-brokered private placement financing to raise up to $200,000, subject to TSX Venture Exchange approval. The financing will involve issuing up to 10,000,000 common share units, with proceeds aimed at supporting general working capital. This move could enhance the company’s financial flexibility, potentially impacting its exploration activities and stakeholder interests positively.

Spark’s Take on TSE:MEK Stock

According to Spark, TipRanks’ AI Analyst, TSE:MEK is a Underperform.

The company’s financial performance is weak due to lack of revenue and profitability, which heavily impacts its overall score. Technical indicators suggest a neutral to slightly negative sentiment, while valuation metrics are unfavorable. The stock is at risk due to ongoing financial challenges and lack of growth prospects.

To see Spark’s full report on TSE:MEK stock, click here.

Metals Creek Completes Drilling at Tillex Copper Project and Signs Agreement with Apitipi Anicinapek Nation

Metals Creek Resources Corp. has completed a diamond drilling program at the Tillex Copper Project in Ontario, targeting near-surface mineralization to expand the mineralized envelope. The company has also signed an Exploration Agreement with the Apitipi Anicinapek Nation, issuing 50,000 common shares to promote a cooperative relationship.

Metals Creek Initiates Drilling at Tillex Copper Project

Metals Creek Resources Corp. has commenced diamond drilling at the Tillex Copper Project in Ontario, aiming to further define the copper mineralization in previously underexplored areas. The project, which hosts a historic copper deposit, could enhance the company’s position in the copper industry, with results from the drilling program expected to provide valuable insights into the project’s potential.

Metals Creek and Lomiko Advance Yellow Fox Exploration

Metals Creek Resources Corp. has announced an update regarding the Yellow Fox property, which is being developed in partnership with Lomiko Metals Inc. The Yellow Fox property, located near the past-producing Beaver Brook antimony mine, is an early-stage exploration site with promising samples of gold, antimony, silver, lead, and zinc. Lomiko Metals is advancing with a Phase 1 work program focused on soil sampling to better define antimony, silver, and gold targets, with plans to expand the program based on initial results. This initiative allows Metals Creek to concentrate on its other projects while benefiting from the development of Yellow Fox.

Metals Creek Resources Unveils Promising Drilling Results at Tillex Copper Project

Metals Creek Resources Corp. announced the results of its recent diamond drilling program at the Tillex Copper Project in Ontario, revealing significant copper and silver mineralization. The drilling program, aimed at expanding and refining the current geological model, successfully identified new zones of mineralization, indicating potential for further resource development and enhancing the company’s position in the mining sector.

Metals Creek Unveils New Gold Discoveries in Newfoundland

Metals Creek Resources has discovered two new zones of gold mineralization at its Careless Cove Property in Newfoundland, enhancing its exploration success in the region. These discoveries, named the Lillian and Diana Zones, along with the expansion of previously identified zones, strengthen the company’s foothold in a competitive gold exploration industry, potentially impacting stakeholders by increasing the property’s value and future development prospects.