Mega Uranium (MGA) AI Stock Analysis

• Market Cap: C$264.75M
• Dividend Yield: N/A
• Average Volume (3M): 786.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: N/A
• EPS Growth: 22.89%
• Country: CA
• Employees: 1
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): 0.01
• Shares Outstanding: 378,213,130
• 10 Day Avg. Volume: 547,064
• 30 Day Avg. Volume: 786,898
• PEG Ratio: 0.88
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -60.88
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: C$0.72 ▲(19.67% Upside)

The score is held back primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn), partially offset by a relatively solid balance sheet. Technicals are constructive with strong upward trend and positive momentum, but elevated RSI/Stoch suggest the move may be stretched. Valuation is difficult to support with a negative P/E and no dividend data.

Positive Factors

Balance Sheet Strength

A sizable equity base with low debt relative to equity provides a solvency cushion that supports ongoing exploration and investment activity. This balance sheet flexibility gives the company time and optionality to monetize assets or pursue partnerships without immediate distress.

Flexible Monetization Options

The business model emphasizes multiple durable exit routes—asset sales, farm-outs, royalties or project-level development—allowing management to realize value through structural transactions rather than relying on recurring operating cash flow, preserving strategic flexibility over time.

Diversified Investment Exposure

Holding both project stakes and equity positions across multiple uranium companies spreads execution and project risk. This portfolio approach creates multiple potential value drivers and reduces dependence on any single discovery or development outcome over a multi-month horizon.

Negative Factors

No Operating Revenue

Absence of recurring operating revenue means underlying earnings rely on volatile investment gains and asset transactions. That structural lack of revenue reduces earnings visibility, limits self-funding capacity, and makes long-term planning and credit access more uncertain.

Consistent Cash Burn

Persistent negative operating and free cash flow forces dependence on the balance sheet or external financing to fund activities. Over the medium term this raises dilution and refinancing risks, constrains capital allocation, and can limit the firm's ability to advance projects independently.

Rising Leverage and Negative ROE

An upward trend in leverage paired with negative and inconsistent ROE undermines financial flexibility and signals difficulty converting shareholder capital into returns. This structural weakness increases default or dilution risk and narrows strategic options for funding development initiatives.

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 Queensland. The company was formerly known as Maple Minerals Corp. and changed its name to Mega Uranium Ltd. in October 2005. Mega Uranium Ltd. was incorporated in 1990 and is headquartered in Toronto, Canada.

How the Company Makes Money

Mega Uranium makes money primarily through the exploration and development of uranium mining projects. Its revenue model is based on the successful identification, acquisition, and development of uranium-rich properties, which can then be sold, leased, or developed into operational mines. The company may also earn income through joint ventures and partnerships with other mining companies, which help to share the costs and risks associated with exploration and development. Additionally, Mega Uranium may receive royalties or other forms of income from its investments in uranium projects, as well as any potential sales of uranium resources extracted from its properties.

Mega Uranium Financial Statement Overview

Summary

Fundamentals are weak: no revenue, recurring operating losses, and persistently negative operating/free cash flow imply ongoing cash burn and low earnings visibility. The main offset is a comparatively solid balance sheet with a sizable equity base and generally manageable leverage, though debt has been trending up and ROE has turned negative.

Income Statement

The company reports no revenue across the period provided, and profitability is weak with recurring operating losses (EBITDA and EBIT negative every year). Net income is volatile—profits in 2021 and 2023 were followed by losses in 2024 and 2025—suggesting results are driven more by non-operating items than a stable underlying business. Overall, earnings quality and visibility are low.

Balance Sheet

The balance sheet is a relative strength, supported by a sizable equity base versus debt (low debt compared with equity). However, leverage has been trending up over time as total debt increased materially from earlier years, and returns on equity are inconsistent and recently negative, reflecting ongoing losses. Liquidity metrics are not provided, but solvency appears generally solid.

Cash Flow

Cash generation is consistently weak, with operating cash flow and free cash flow negative each year, indicating ongoing cash burn. While the latest annual free cash flow improved versus the prior year (positive growth rate), it remains meaningfully negative, and cash flow does not currently provide a self-funding profile. This increases reliance on the balance sheet and/or external financing over time.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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	-3.27M	-3.17M	-4.07M	-3.51M	-3.84M	-2.66M
Net Income	-4.64M	-4.64M	-6.12M	4.42M	-8.39M	20.87M
Balance Sheet
Total Assets	270.86M	270.86M	199.07M	184.86M	117.89M	138.00M
Cash, Cash Equivalents and Short-Term Investments	27.73M	27.73M	27.93M	25.63M	18.61M	19.46M
Total Debt	18.22M	18.22M	15.43M	9.04M	1.20M	119.00K
Total Liabilities	29.66M	29.66M	18.15M	10.69M	2.45M	1.17M
Stockholders Equity	241.20M	241.20M	180.92M	174.18M	115.44M	136.84M
Cash Flow
Free Cash Flow	-1.60M	-2.55M	-946.00K	-656.00K	-2.26M	-1.55M
Operating Cash Flow	-1.60M	-2.55M	-946.00K	-644.00K	-2.21M	-1.54M
Investing Cash Flow	-1.33M	-1.33M	305.00K	-29.00K	-54.00K	54.00K
Financing Cash Flow	2.82M	3.77M	719.00K	492.00K	1.44M	2.10M

Mega Uranium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 below the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.52, and above the 200-day MA of 0.37, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 62.05 is Neutral, neither overbought nor oversold. The STOCH value of 57.78 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCO	68 Neutral	$73.33B	139.38	7.96%	0.19%	23.88%	350.69%
URC	66 Neutral	C$870.24M	1,850.00	0.20%	―	-0.90%	-93.94%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
NXE	62 Neutral	C$11.19B	-29.30	-30.71%	―	―	-308.46%
MGA	55 Neutral	C$264.75M	-54.69	-1.98%	―	―	22.89%
EU	53 Neutral	C$810.79M	-10.90	-19.80%	―	2.06%	13.58%
DML	49 Neutral	$4.83B	-24.67	-38.86%	―	―	―