Want to see TSE:MERG full AI Analyst Report?
Top Page
Metal Energy Corp
(MERG)
Select Model
Select Model
Rating:49Neutral
Price Target:
C$0.90
▲(14.87% Upside)
Action:Reiterated
Date:07/10/26
The score is primarily held back by weak financial performance (no revenue, recurring losses, and ongoing negative free cash flow), with only partial offset from a currently low-debt balance sheet and improved equity versus 2024. Technicals are moderately supportive with the price trading above major moving averages, but valuation is limited by negative earnings and no dividend yield data.
Positive Factors
Low leverage / minimal debt
The company's essentially debt-free balance sheet materially lowers solvency risk and preserves flexibility to fund operations or capital projects via equity, partnerships, or project finance. This durability supports survival and strategic optionality over the next 2–6 months.
Negative Factors
Pre-revenue business model
Absent any revenue, the business lacks demonstrated market demand and cannot rely on operating income to fund growth. Over the medium term this forces dependence on external capital, delaying path to margins and making long-term investment outcomes highly binary.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / minimal debt
The company's essentially debt-free balance sheet materially lowers solvency risk and preserves flexibility to fund operations or capital projects via equity, partnerships, or project finance. This durability supports survival and strategic optionality over the next 2–6 months.
Read all positive factors
Metal Energy Corp (MERG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$39.66M
Dividend YieldN/A
Average Volume (3M)302.21K
Price to Earnings (P/E)―
Beta (1Y)2.64
Revenue GrowthN/A
EPS Growth71.86%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding45,068,443
10 Day Avg. Volume591,935
30 Day Avg. Volume302,212
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)7.62
Price to Sales (P/S)0.00
P/FCF Ratio-20.83
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
Based in Toronto, Canada, Metal Energy Corp. is a company dedicated to the exploration, acquisition, and eventual extraction of mineral properties across Canada. Their primary focus lies in identifying deposits rich in nickel, copper, and platinum...
How the Company Makes Money
null...
Metal Energy Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
25
Negative
| Breakdown | Mar 2026 | 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
0.86
Positive
0.89
Negative
0.75
Positive
Market Momentum
0.02
Negative
53.29
Neutral
46.67
Neutral
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 0.81, below the 50-day MA of 0.86, and above the 200-day MA of 0.75, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.29 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$17.96M | -3.17 | ― | ― | ― | ― | |
49 Neutral | C$39.66M | -15.17 | 428.13% | ― | ― | 71.86% | |
47 Neutral | C$29.38M | -8.23 | -51.29% | ― | ― | 81.71% | |
46 Neutral | C$32.48M | -19.51 | 82.92% | ― | ― | 25.45% | |
42 Neutral | C$14.80M | -0.57 | -26.61% | ― | ― | -10.86% |
* General Sector Average
TSE:MERG
Metal Energy Corp
0.88
0.76
633.33%
TSE:LIT
Argentina Lithium & Energy
0.09
0.02
21.43%
TSE:STS
South Star Battery Metals
0.15
-0.11
-42.00%
TSE:NICO
Class 1 Nickel & Technologies
0.16
0.04
28.00%
TSE:LBNK
LithiumBank Resources Corp.
0.46
0.15
46.03%
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.