Metals Creek Resources Inc (TSE:MEK)
:MEK
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Metals Creek Resources
(MEK)
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Rating:46Neutral
Price Target:
C$0.05
▲(22.50% Upside)
Action:Reiterated
Date:06/06/26
Overall score is held down primarily by very weak fundamentals (no revenue, ongoing losses, and persistent cash burn) with balance-sheet support coming mainly from minimal debt. Technicals are moderately supportive due to a strong uptrend, but the very high RSI indicates the move is overextended. Valuation is constrained by unprofitability (negative P/E) and no provided dividend yield.
Positive Factors
Low Leverage
Very low debt reduces insolvency risk and preserves flexibility to fund exploration via equity or JV structures. For an early-stage explorer, minimal leverage lowers fixed financing costs and keeps the company less exposed to credit or rate shocks over the medium term.
Negative Factors
No Revenue
No operational revenues and persistent negative gross profit mean the company cannot self-fund operations or demonstrate commercial production potential. This creates a structural dependence on capital markets and successful exploration results to sustain activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low debt reduces insolvency risk and preserves flexibility to fund exploration via equity or JV structures. For an early-stage explorer, minimal leverage lowers fixed financing costs and keeps the company less exposed to credit or rate shocks over the medium term.
Read all positive factors
Metals Creek Resources (MEK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.04M
Dividend YieldN/A
Average Volume (3M)654.00K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue GrowthN/A
EPS Growth58.82%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding237,096,860
10 Day Avg. Volume1,017,008
30 Day Avg. Volume654,000
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)8.11
Price to Sales (P/S)0.00
P/FCF Ratio-7.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Metals Creek Resources Business Overview & Revenue Model
Company Description
Metals Creek Resources Corp. is a mineral exploration firm that conducts prospecting activities throughout Canada. The company primarily targets deposits of gold, base metals, and platinum group metals. Established in 2004, its corporate headquart...
How the Company Makes Money
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Metals Creek Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -6.74K | -19.04K | -27.82K | -33.31K | -26.83K |
| EBITDA | -774.71K | -707.00K | -563.00K | -6.22M | -1.06M |
| Net Income | -488.15K | -691.00K | -922.00K | -5.93M | -327.00K |
Balance Sheet | |||||
| Total Assets | 1.00M | 710.14K | 9.02M | 9.47M | 15.18M |
| Cash, Cash Equivalents and Short-Term Investments | 808.71K | 96.67K | 144.06K | 778.40K | 1.59M |
| Total Debt | 0.00 | 0.00 | 10.22K | 22.40K | 34.31K |
| Total Liabilities | 292.49K | 308.38K | 143.38K | 204.06K | 829.17K |
| Stockholders Equity | 710.72K | 401.76K | 8.88M | 9.26M | 14.35M |
Cash Flow | |||||
| Free Cash Flow | -757.35K | -783.24K | -895.46K | -3.14M | -3.84M |
| Operating Cash Flow | -757.35K | -783.24K | -584.50K | -831.60K | -468.87K |
| Investing Cash Flow | 141.60K | 253.69K | -151.40K | -2.13M | -3.24M |
| Financing Cash Flow | 588.52K | 545.01K | 555.86K | 2.36M | 4.23M |
Metals Creek Resources 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% | |
46 Neutral | C$13.04M | -45.66 | -283.11% | ― | ― | 58.82% | |
45 Neutral | C$11.81M | -14.49 | -12.84% | ― | ― | -212.50% | |
44 Neutral | C$11.52M | -5.84 | -23.39% | ― | ― | -103.89% | |
42 Neutral | C$3.64M | -22.99 | ― | ― | ― | 58.33% | |
41 Neutral | C$6.40M | -1.39 | -28.23% | ― | ― | -111.47% |
* Basic Materials Sector Average
TSE:MEK
Metals Creek Resources
0.06
0.03
120.00%
TSE:ORS
Orestone Mining
0.11
0.05
83.33%
TSE:BAD
York Harbour Metals Inc
0.12
0.06
100.00%
TSE:QMC
QMC Quantum Minerals
0.04
-0.02
-30.00%
TSE:LMR
Lomiko Metals
0.08
-0.05
-38.46%
TSE:HUNT
Gold Hunter Resources
0.04
-0.02
-33.33%
Metals Creek Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Metals Creek Raises Private Placement to $1.25 Million for Exploration Push
Positive
Apr 15, 2026
Metals Creek Resources Corp. has increased the non-flow-through portion of its previously announced private placement, bringing the total financing to as much as $1.25 million through a mix of non-flow-through and flow-through units. The expanded ...
Business Operations and Strategy
Metals Creek Option Partner Expands Heavy Rare Earth Discoveries at Yellow Fox in Newfoundland
Positive
Apr 7, 2026
Metals Creek Resources reports that option partner Lomiko Metals has returned additional strong rare earth element assays from the Yellow Fox critical metals property in central Newfoundland, highlighting a mixed light and heavy rare earth system ...
Business Operations and StrategyPrivate Placements and Financing
Metals Creek Upsizes Private Placement to $1 Million for Canadian Gold Exploration
Positive
Apr 2, 2026
Metals Creek Resources Corp. has revised its non-brokered private placement to raise up to $1 million through a mix of flow-through and non-flow-through units, with all securities subject to a four-month hold and the financing contingent on TSX Ve...
Business Operations and StrategyPrivate Placements and Financing
Metals Creek Plans $350,000 Private Placement to Fund Ogden Gold Exploration
Positive
Apr 2, 2026
Metals Creek Resources plans to raise up to $350,000 through a non-brokered private placement of flow-through and non-flow-through units priced at $0.035, each including common shares and warrants exercisable at $0.06 for 36 months. The financing,...
Business Operations and Strategy
Metals Creek and Benton Stake Six Natural Hydrogen Projects in Newfoundland
Positive
Mar 25, 2026
Metals Creek Resources and Benton Resources have jointly staked six potential natural white hydrogen projects on Newfoundland’s west coast, securing 763 claim units in geological settings deemed prospective for hydrogen. The properties, incl...
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
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