Metal Energy Corp (MERG) AI Stock Analysis

• Market Cap: C$3.37M
• Dividend Yield: N/A
• Average Volume (3M): 97.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.78
• Revenue Growth: N/A
• EPS Growth: -123.91%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 134,930,660
• 10 Day Avg. Volume: 76,871
• 30 Day Avg. Volume: 97,706
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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

• Rating: 54 Neutral
• Price Target: ―

Metal Energy Corp's stock score reflects its strong balance sheet with zero debt and positive market momentum. However, significant challenges include no revenue generation, persistent negative cash flows, and a negative P/E ratio, which weigh heavily on the score.

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 Manitoba on the Thompson Belt. The company is headquartered in Toronto, Canada.

How the Company Makes Money

Metal Energy Corp generates revenue primarily through the extraction and sale of metals and energy resources. The company's key revenue streams include the sale of raw and processed metals to industrial manufacturers and technology companies, as well as energy production and distribution. Significant partnerships with manufacturing and technology firms help secure long-term contracts and stable revenue. Additionally, Metal Energy Corp invests in sustainable mining practices and renewable energy projects, contributing to its earnings by tapping into the growing demand for environmentally responsible resources.

Metal Energy Corp Financial Statement Overview

Summary

Metal Energy Corp shows a challenging financial position with zero revenue, narrowing net losses, strong equity, and no debt. Persistent negative cash flows are a concern, but the balance sheet strength offers some financial stability.

Income Statement

Metal Energy Corp operates in the Mining industry and currently reports zero total revenue, resulting in the inability to compute typical profitability margins like Gross Profit Margin, Net Profit Margin, EBIT Margin, and EBITDA Margin. The company shows a trend of narrowing net losses over the years, from -$4.77 million in 2022 to -$1.36 million in TTM (Trailing-Twelve-Months). However, the lack of revenue is a significant concern for profitability and sustainability, limiting the score.

Balance Sheet

The balance sheet of Metal Energy Corp reveals a strong equity position with zero debt, leading to a Debt-to-Equity Ratio of 0. The company has maintained a positive Stockholders' Equity, though it has decreased over recent years. The Equity Ratio for TTM is at a healthy 93.4%, indicating low leverage and strong equity backing. These factors contribute to a relatively strong balance sheet score.

Cash Flow

The cash flow analysis shows that Metal Energy Corp has been operating with negative Free Cash Flow and Operating Cash Flow over the years, with a recent improvement in cash outflows. The Free Cash Flow Growth Rate shows a positive trend from -$4.24 million in 2022 to -$1.14 million in TTM. However, the persistent negative cash flows and reliance on financing activities for liquidity pose risks to financial stability, resulting in a moderate cash flow score.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00
EBITDA	-6.16M	-136.20K	0.00	0.00
Net Income	-6.16M	-1.67M	-4.77M	-3.02M
Balance Sheet
Total Assets	1.38M	1.84M	3.16M	7.07M
Cash, Cash Equivalents and Short-Term Investments	1.30M	1.74M	2.78M	7.01M
Total Debt	0.00	0.00	26.01K	0.00
Total Liabilities	4.52M	84.17K	754.18K	723.49K
Stockholders Equity	-3.15M	1.76M	2.41M	6.34M
Cash Flow
Free Cash Flow	-1.40M	-1.61M	-4.24M	-510.74K
Operating Cash Flow	-1.40M	-1.61M	-4.24M	-510.74K
Investing Cash Flow	0.00	0.00	0.00	177.39K
Financing Cash Flow	964.65K	568.25K	26.01K	7.35M

Metal Energy Corp Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MERG, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.13 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:MERG.

Metal Energy Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELD	78 Outperform	7.82B	13.79	10.02%	―	46.99%	144.05%
OR	76 Outperform	9.66B	84.04	6.47%	0.55%	18.24%	0.00%
MERG	54 Neutral	C$3.37M	―	-128.71%	―	―	-123.91%
SRL	43 Neutral	38.57M	-7.64	0.00%	―	0.00%	36.76%
FVL	43 Neutral	851.94M	-644.00	0.00%	―	0.00%	21.88%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Metal Energy Corp Corporate Events

Metal Energy Secures Funding for Copper Project

Metal Energy Corp. has successfully closed a non-brokered private placement, raising $1,000,000 to fund their Highland Valley Copper Project. The offering included the sale of flow-through units and common units, with securities subject to a holding period. Key participants in the transaction include Orecap Invest Corp. and company insiders, constituting a related party transaction.

Metal Energy Corp. Upsizes Private Placement

Metal Energy Corp. has increased its non-brokered private placement to $1 million due to high investor interest. The offering includes a mix of company units and flow-through units, with Orecap Invest Corp. participating as a related party. The closing is expected around December 17, 2024, pending necessary approvals.

Metal Energy Begins Exploration at Highland Valley

Metal Energy Corp has launched a multi-phase exploration program at its newly acquired Highland Valley Project, aiming to identify high-potential drill targets by 2025. The program’s first phase involves innovative geophysical surveys, including Ground AMT surveys, to map out promising areas for future drilling.