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Mega Uranium
(TSX:MGA)
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Rating:49Neutral
Price Target:
C$0.51
▼(-15.50% Downside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak fundamentals—no revenue, ongoing operating losses, and persistent cash burn—despite a relatively strong, low-leverage balance sheet. Technicals are mildly supportive with a generally positive longer-term trend and neutral momentum readings, but valuation provides little support due to negative earnings and no dividend yield.
Positive Factors
Conservative balance sheet / low leverage
The company's balance sheet shows low leverage (debt-to-equity ~0.07 TTM) and a meaningfully larger equity base. This conservative capital structure supports funding flexibility and resilience versus cyclical shocks, reducing refinancing risk over the medium term.
Negative Factors
No recurring revenue; persistent operating losses
Mega Uranium reports no operating revenue and persistent negative EBIT, meaning core operations do not generate earnings. Over the medium term this undermines sustainability, making the firm reliant on non-operating profits or external financing to cover operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
The company's balance sheet shows low leverage (debt-to-equity ~0.07 TTM) and a meaningfully larger equity base. This conservative capital structure supports funding flexibility and resilience versus cyclical shocks, reducing refinancing risk over the medium term.
Read all positive factors
Mega Uranium (MGA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$196.30M
Dividend YieldN/A
Average Volume (3M)786.90K
Price to Earnings (P/E)23.1
Beta (1Y)1.92
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees1
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)0.02
Shares Outstanding384,900,630
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. functions as a mineral exploration and development company, concentrating its efforts on discovering and advancing uranium deposits, primarily across Australia and Canada. Significant assets within its portfolio include the Ben L...
How the Company Makes Money
Mega Uranium’s earnings have historically been driven primarily by investment and asset monetization rather than recurring operating revenue from uranium production. Key ways it has made money include: (1) gains (or losses) from selling equity sta...
Mega Uranium Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
63
Positive
Cash Flow
22
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 | -103.00K | -104.00K | -107.00K | -95.00K | -64.00K | -87.00K |
| EBITDA | 3.44M | -3.17M | -4.07M | -3.51M | -3.84M | -2.66M |
| Net Income | 8.32M | -4.64M | -6.12M | 4.42M | -8.39M | 20.87M |
Balance Sheet | ||||||
| Total Assets | 343.07M | 270.86M | 199.07M | 184.86M | 117.89M | 138.00M |
| Cash, Cash Equivalents and Short-Term Investments | 28.59M | 27.73M | 27.93M | 25.63M | 18.61M | 19.46M |
| Total Debt | 20.79M | 18.22M | 15.43M | 9.04M | 1.20M | 119.00K |
| Total Liabilities | 40.96M | 29.66M | 18.15M | 10.69M | 2.45M | 1.17M |
| Stockholders Equity | 302.11M | 241.20M | 180.92M | 174.18M | 115.44M | 136.84M |
Cash Flow | ||||||
| Free Cash Flow | -5.80M | -2.55M | -946.00K | -656.00K | -2.26M | -1.55M |
| Operating Cash Flow | -5.80M | -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 | 6.27M | 3.77M | 719.00K | 492.00K | 1.44M | 2.10M |
Mega Uranium Technical Analysis
Negative
0.60
Price Trends
0.61
Negative
0.63
Negative
0.57
Negative
Market Momentum
-0.03
Positive
40.64
Neutral
19.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MGA, the sentiment is Negative. The current price of 0.6 is above the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.61, and above the 200-day MA of 0.57, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 40.64 is Neutral, neither overbought nor oversold. The STOCH value of 19.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | C$52.23B | 79.97 | 9.47% | 0.19% | 7.48% | 161.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | C$575.68M | 123.20 | 1.35% | ― | 136.01% | 209.71% | |
49 Neutral | C$196.30M | 23.08 | 3.44% | ― | ― | ― | |
45 Neutral | C$8.17B | -17.90 | -30.30% | ― | ― | -316.64% | |
43 Neutral | C$3.59B | -12.29 | -73.67% | ― | 1.82% | -149.96% | |
42 Neutral | C$312.90M | -7.80 | -10.95% | ― | -7.88% | 65.90% |
* Energy Sector Average
TSE:MGA
Mega Uranium
0.51
0.21
70.00%
TSE:CCO
Cameco
119.93
14.62
13.88%
TSE:DML
Denison Mines
3.97
1.07
36.90%
TSE:EU
enCore Energy
1.61
-2.39
-59.75%
TSE:NXE
NexGen Energy
12.35
2.94
31.24%
TSE:URC
Uranium Royalty Corp
3.93
0.26
7.08%
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.