Metal Energy Corp (TSE:MERG)
:MERG
Top Page
Metal Energy Corp
(MERG)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$1.00
▲(28.21% Upside)
Action:ReiteratedDate:02/04/26
The score is held down primarily by weak financial performance (no revenue, ongoing cash burn, and equity turning negative), which increases funding and dilution risk. Technicals are supportive with a strong uptrend and positive MACD, but overbought readings temper the benefit. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Very low leverage / minimal debt
Near-zero reported debt materially reduces near-term insolvency and interest-service pressure. Over a multi-month horizon this preserves operational optionality, allowing management to prioritize development or strategic initiatives without immediate debt maturities forcing distressed decisions.
Negative Factors
No revenue across 2021–2024
Absence of revenue is a fundamental weakness: it means the business hasn't validated product-market fit or generated operating inflows. Over a 2–6 month horizon this sustains dependence on external funding and delays any path to self-sustaining cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / minimal debt
Near-zero reported debt materially reduces near-term insolvency and interest-service pressure. Over a multi-month horizon this preserves operational optionality, allowing management to prioritize development or strategic initiatives without immediate debt maturities forcing distressed decisions.
Read all positive factors
Metal Energy Corp (MERG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$21.44M
Dividend YieldN/A
Average Volume (3M)302.21K
Price to Earnings (P/E)6.3
Beta (1Y)2.70
Revenue GrowthN/A
EPS Growth-204.22%
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding27,848,843
10 Day Avg. Volume591,935
30 Day Avg. Volume302,212
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.14
Price to Sales (P/S)0.00
P/FCF Ratio-2.56
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
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 w...
Metal Energy Corp Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | 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 | -5.86M | -6.16M | -136.20K | -4.77M | -3.02M |
| Net Income | -5.79M | -6.16M | -1.67M | -4.77M | -3.02M |
Balance Sheet | |||||
| Total Assets | 731.03K | 1.38M | 1.84M | 3.16M | 7.07M |
| Cash, Cash Equivalents and Short-Term Investments | 657.60K | 1.30M | 1.74M | 2.78M | 7.01M |
| Total Debt | 0.00 | 496.00 | 0.00 | 26.01K | 0.00 |
| Total Liabilities | 4.45M | 4.52M | 84.17K | 754.18K | 723.49K |
| Stockholders Equity | -3.72M | -3.15M | 1.76M | 2.41M | 6.34M |
Cash Flow | |||||
| Free Cash Flow | -1.19M | -1.40M | -1.61M | -4.24M | -510.74K |
| Operating Cash Flow | -1.19M | -1.40M | -1.61M | -4.24M | -510.74K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 177.39K |
| Financing Cash Flow | 961.40K | 964.65K | 568.25K | 26.01K | 7.35M |
Metal Energy Corp Technical Analysis
Negative
0.78
Price Trends
0.93
Negative
0.76
Negative
0.45
Positive
Market Momentum
-0.04
Positive
30.91
Neutral
11.56
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 0.78 is below the 20-day moving average (MA) of 1.00, below the 50-day MA of 0.93, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 30.91 is Neutral, neither overbought nor oversold. The STOCH value of 11.56 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
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$35.99M | -14.37 | -123.28% | ― | ― | -692.49% | |
48 Neutral | C$21.44M | 6.32 | -128.71% | ― | ― | -204.22% | |
45 Neutral | C$11.01M | -2.74 | -26.61% | ― | ― | 76.16% | |
44 Neutral | C$14.09M | -1.48 | ― | ― | ― | ― | |
44 Neutral | C$15.37M | -44.91 | -22.36% | ― | ― | -4.68% | |
43 Neutral | C$29.43M | -4.42 | 82.92% | ― | ― | 37.82% |
* Energy Sector Average
TSE:MERG
Metal Energy Corp
0.79
0.64
426.67%
TSE:LIT
Argentina Lithium & Energy
0.08
>-0.01
-5.88%
TSE:STS
South Star Battery Metals
0.14
-0.35
-71.43%
TSE:ULTH
United Lithium
0.24
0.11
92.00%
TSE:NICO
Class 1 Nickel & Technologies
0.17
-0.01
-8.33%
TSE:LBNK
LithiumBank Resources Corp.
0.58
0.21
56.76%
Metal Energy Corp Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Metal Energy Secures $9.25 Million Financing for Exploration Expansion
Positive
Dec 17, 2025
Metal Energy Corp has completed a C$9.25 million financing backed by Centerra Gold and Teck Resources, establishing both companies as strategic shareholders holding 9.9% each. The funds will be directed toward the 2026 maiden drill program at the ...
Business Operations and StrategyM&A Transactions
Metal Energy Secures Strategic Agreement for NIV Copper-Gold Project
Positive
Dec 16, 2025
Metal Energy Corp. has completed a right of first refusal agreement to potentially acquire the remaining 20% interest in the NIV and West NIV properties in British Columbia’s Toodoggone District. This agreement enhances the company’s a...
Business Operations and Strategy
Metal Energy Secures Strategic Agreement for NIV Project in British Columbia
Positive
Dec 16, 2025
Metal Energy Corp. has finalized a right of first refusal agreement for the remaining 20% interest in the NIV and West NIV properties in British Columbia’s Toodoggone District. This agreement enhances the company’s ability to consolida...
Business Operations and StrategyPrivate Placements and Financing
Metal Energy Gains Strategic Investment from Teck Resources
Positive
Dec 12, 2025
Metal Energy Corp. announced that Teck Resources Limited has acquired a 9.9% equity interest in the company, joining Centerra Gold Inc. as a strategic investor with the same stake. This investment aims to fund exploration on Metal Energy’s N...
Business Operations and StrategyPrivate Placements and Financing
Metal Energy Secures $9.3 Million Financing with Centerra Gold as Strategic Investor
Positive
Nov 27, 2025
Metal Energy Corp. has announced a financing initiative to raise C$9.3 million, aimed at funding its 2026 maiden drill program at the NIV copper-gold-molybdenum project in British Columbia. This financing includes a strategic investment by Centerr...
Business Operations and Strategy
Metal Energy Advances NIV Project with Phase 1 Completion
Positive
Nov 26, 2025
Metal Energy Corp. has completed the first phase of its option agreement for the NIV and West NIV exploration properties in British Columbia, moving closer to drilling in the Toodoggone District. This development allows Metal Energy to earn an 80%...
Business Operations and StrategyM&A Transactions
Metal Energy Secures Right of First Refusal for Full Ownership of NIV Project
Positive
Nov 19, 2025
Metal Energy Corp. has entered into a right of first refusal agreement to potentially acquire the remaining 20% interest in the NIV and West NIV properties, enhancing its path to full ownership of this promising copper-gold porphyry target in Brit...
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.