Metal Energy Corp (TSE:MERG)
:MERG
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Metal Energy Corp
(MERG)
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Rating:46Neutral
Price Target:
C$0.84
▲(8.08% Upside)
Action:ReiteratedDate:05/01/26
Score is primarily held back by weak financial performance (no revenue, ongoing losses, and persistent cash burn with equity volatility). Technical indicators are broadly neutral, offering limited support, while valuation looks optically inexpensive on P/E but is less dependable given the early-stage fundamentals.
Positive Factors
Minimal leverage / low debt
Near-zero debt materially lowers financial distress risk and preserves flexibility for an early-stage industrial materials company. Over the next several months this durable low-leverage position reduces mandatory interest outflows, extends runway and improves capacity to raise growth capital or pursue strategic partnerships without heavy debt service.
Negative Factors
No revenue across 2021–2025
Being pre-revenue is a core structural risk: without recurring sales, the business lacks internal cash generation and must convert development efforts into paying customers to sustain itself. Over 2–6 months this remains a fundamental constraint on valuation, credibility with partners and the company’s ability to self-fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage / low debt
Near-zero debt materially lowers financial distress risk and preserves flexibility for an early-stage industrial materials company. Over the next several months this durable low-leverage position reduces mandatory interest outflows, extends runway and improves capacity to raise growth capital or pursue strategic partnerships without heavy debt service.
Read all positive factors
Metal Energy Corp (MERG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.95M
Dividend YieldN/A
Average Volume (3M)302.21K
Price to Earnings (P/E)6.3
Beta (1Y)2.65
Revenue GrowthN/A
EPS Growth77.15%
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding27,848,843
10 Day Avg. Volume591,935
30 Day Avg. Volume302,212
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)16.60
Price to Sales (P/S)0.00
P/FCF Ratio-21.30
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
Metal Energy Corp Business Overview & Revenue Model
Company Description
Metal Energy Corp. engages in the acquisition, mining, and exploration of mineral properties in Canada. The company explores for nickel and copper deposits, and platinum group elements. Its flagship project is the Manibridge project located in Man...
How the Company Makes Money
null...
Metal Energy Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.07M | -6.16M | -136.20K | -4.77M | -3.02M |
| Net Income | -2.10M | -6.16M | -1.67M | -4.77M | -3.02M |
Balance Sheet | |||||
| Total Assets | 9.80M | 1.38M | 1.84M | 3.16M | 7.07M |
| Cash, Cash Equivalents and Short-Term Investments | 9.66M | 1.30M | 1.74M | 2.78M | 7.01M |
| Total Debt | 0.00 | 496.00 | 0.00 | 26.01K | 0.00 |
| Total Liabilities | 7.36M | 4.52M | 84.17K | 754.18K | 723.49K |
| Stockholders Equity | 2.44M | -3.15M | 1.76M | 2.41M | 6.34M |
Cash Flow | |||||
| Free Cash Flow | -891.34K | -1.40M | -1.61M | -4.24M | -510.74K |
| Operating Cash Flow | -891.34K | -1.40M | -1.61M | -4.24M | -510.74K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 177.39K |
| Financing Cash Flow | 9.26M | 964.65K | 568.25K | 26.01K | 7.35M |
Metal Energy Corp Technical Analysis
Positive
0.78
Price Trends
0.93
Negative
0.83
Positive
0.51
Positive
Market Momentum
<0.01
Negative
54.38
Neutral
85.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MERG, the sentiment is Positive. The current price of 0.78 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.93, and above the 200-day MA of 0.51, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 85.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MERG.
Metal Energy Corp Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | C$39.60M | -14.37 | -123.28% | ― | ― | -58.46% | |
49 Neutral | C$15.72M | 3.45 | ― | ― | ― | ― | |
46 Neutral | C$23.95M | 6.32 | -128.71% | ― | ― | 77.15% | |
45 Neutral | C$15.82M | -2.74 | -26.61% | ― | ― | 76.16% | |
43 Neutral | C$18.67M | -42.75 | -22.36% | ― | ― | -62.07% | |
43 Neutral | C$33.11M | -4.42 | 82.92% | ― | ― | 28.37% |
* Energy Sector Average
TSE:MERG
Metal Energy Corp
0.86
0.76
760.00%
TSE:LIT
Argentina Lithium & Energy
0.12
0.04
53.33%
TSE:STS
South Star Battery Metals
0.15
-0.30
-67.05%
TSE:ULTH
United Lithium
0.24
0.11
95.83%
TSE:NICO
Class 1 Nickel & Technologies
0.18
<0.01
2.86%
TSE:LBNK
LithiumBank Resources Corp.
0.62
0.37
143.14%
Metal Energy Corp Corporate Events
Business Operations and StrategyExecutive/Board Changes
Metal Energy Reshapes Board With New Independent Director Focused on B.C. Projects
Positive
Mar 23, 2026
Metal Energy Corp., a Canadian explorer of critical metals with a focus on copper and gold projects, is positioning itself within the country’s resource sector as a developer of assets key to the energy and industrial supply chain. The compa...
Business Operations and Strategy
Metal Energy to Launch First Drill Program at NIV Copper-Gold Project in 2026
Positive
Feb 26, 2026
Metal Energy Corp. plans to launch its first drill program at the fully permitted NIV copper-gold-molybdenum project in British Columbia’s Toodoggone District in June 2026. The NIV and West NIV claim blocks cover 12,500 hectares of prospecti...
Business Operations and Strategy
Metal Energy Targets Investor Spotlight Around PDAC 2026
Positive
Feb 23, 2026
Metal Energy Corp. will showcase its exploration portfolio at several key investor events around the 2026 PDAC convention in Toronto, underscoring its efforts to raise market visibility. The company will exhibit at PDAC’s Investors Exchange,...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Metal Energy Taps Veteran Geologist as CEO, Fully Funds 2026 NIV Drill Program
Positive
Feb 11, 2026
Metal Energy Corp. has appointed veteran exploration geologist Charlie Greig as CEO, signaling a strategic push to unlock value from its NIV copper‑gold project in British Columbia’s Toodoggone region. Greig’s four‑decade t...
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.