Mega Uranium Ltd (TSE:MGA)
TSX:MGA
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Mega Uranium
(TSX:MGA)
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Rating:46Neutral
Price Target:
C$0.51
▼(-15.00% Downside)
Action:ReiteratedDate:02/09/26
The score is held down primarily by weak financial performance (no revenue, persistent operating losses, and ongoing negative free cash flow). Technicals are mixed and provide only partial support, while valuation is unfavorable due to losses (negative P/E) and no indicated dividend yield.
Positive Factors
Balance Sheet Health
The balance sheet shows very low leverage (debt-to-equity ~0.08) and a sizable equity base, which materially reduces solvency risk and preserves financial flexibility. Over months this supports the company’s ability to fund project stakes, portfolio rotations, or withstand market stress without immediate refinancing.
Negative Factors
Lack of Operating Revenue
Mega reports no operating revenue and persistent EBIT losses across periods. Lack of recurring revenue means the company cannot self-fund operations from core activities, increasing reliance on asset disposals or market-dependent investment gains to cover operating costs and strategic initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
The balance sheet shows very low leverage (debt-to-equity ~0.08) and a sizable equity base, which materially reduces solvency risk and preserves financial flexibility. Over months this supports the company’s ability to fund project stakes, portfolio rotations, or withstand market stress without immediate refinancing.
Read all positive factors
Mega Uranium (MGA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$230.22M
Dividend YieldN/A
Average Volume (3M)786.90K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue GrowthN/A
EPS Growth22.89%
CountryCA
Employees1
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding383,700,650
10 Day Avg. Volume547,064
30 Day Avg. Volume786,898
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)0.64
Price to Sales (P/S)0.00
P/FCF Ratio-60.88
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
Mega Uranium Business Overview & Revenue Model
Company Description
Mega Uranium Ltd., a mineral exploration and development company, explores for uranium prospective properties primarily in Australia and Canada. Its principal properties include the Ben Lomond and Georgetown (Maureen) projects located in Queenslan...
How the Company Makes Money
Mega Uranium’s earnings are primarily driven by investment-related outcomes rather than recurring operating revenue. Key sources include: (1) gains or losses from changes in the market value of its equity investments (and gains/losses realized whe...
Mega Uranium Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
68
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -104.00K | -104.00K | -107.00K | -95.00K | -64.00K | -87.00K |
| EBITDA | 1.16M | -3.17M | -4.07M | -3.51M | -3.84M | -2.66M |
| Net Income | 18.00K | -4.64M | -6.12M | 4.42M | -8.39M | 20.87M |
Balance Sheet | ||||||
| Total Assets | 274.09M | 270.86M | 199.07M | 184.86M | 117.89M | 138.00M |
| Cash, Cash Equivalents and Short-Term Investments | 28.05M | 27.73M | 27.93M | 25.63M | 18.61M | 19.46M |
| Total Debt | 20.16M | 18.22M | 15.43M | 9.04M | 1.20M | 119.00K |
| Total Liabilities | 31.73M | 29.66M | 18.15M | 10.69M | 2.45M | 1.17M |
| Stockholders Equity | 242.36M | 241.20M | 180.92M | 174.18M | 115.44M | 136.84M |
Cash Flow | ||||||
| Free Cash Flow | -4.52M | -2.55M | -946.00K | -656.00K | -2.26M | -1.55M |
| Operating Cash Flow | -4.52M | -2.55M | -946.00K | -644.00K | -2.21M | -1.54M |
| Investing Cash Flow | 0.00 | -1.33M | 305.00K | -29.00K | -54.00K | 54.00K |
| Financing Cash Flow | 4.85M | 3.77M | 719.00K | 492.00K | 1.44M | 2.10M |
Mega Uranium Technical Analysis
Positive
0.60
Price Trends
0.63
Negative
0.56
Positive
0.45
Positive
Market Momentum
-0.01
Negative
50.77
Neutral
60.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGA, the sentiment is Positive. The current price of 0.6 is above the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.63, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.77 is Neutral, neither overbought nor oversold. The STOCH value of 60.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MGA.
Mega Uranium Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$69.90B | 92.81 | 8.76% | 0.19% | 23.88% | 350.69% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | C$10.57B | -24.00 | -25.38% | ― | ― | -308.46% | |
56 Neutral | C$749.96M | 113.31 | 1.35% | ― | -0.90% | -93.94% | |
48 Neutral | C$4.41B | -15.02 | -47.51% | ― | ― | ― | |
46 Neutral | C$230.22M | -25.25 | <0.01% | ― | ― | 22.89% | |
41 Neutral | C$491.37M | -10.75 | -25.17% | ― | 2.06% | 13.58% |
* Energy Sector Average
TSE:MGA
Mega Uranium
0.60
0.34
130.77%
TSE:CCO
Cameco
160.52
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TSE:DML
Denison Mines
4.88
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TSE:EU
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2.53
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TSE:NXE
NexGen Energy
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TSE:URC
Uranium Royalty Corp
5.12
2.86
126.55%
Mega Uranium Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Mega Uranium Shareholders Back Board Slate and Auditor at Annual Meeting
Positive
Mar 26, 2026
Mega Uranium Ltd. reported the results of its annual shareholder meeting, where all nominated directors, including Brigitte Berneche, Albert Contardi, Asha Daniere, Larry Goldberg and Stewart Taylor, were elected with strong majority support based...
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.