Melkior Resources (MKR) AI Stock Analysis

• Market Cap: C$5.04M
• Dividend Yield: N/A
• Average Volume (3M): 163.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: N/A
• EPS Growth: 68.27%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 34,767,450
• 10 Day Avg. Volume: 56,165
• 30 Day Avg. Volume: 163,927
• PEG Ratio: 0.02
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -40.42
• 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

• Rating: 54 Neutral
• Price Target: ―

Melkior Resources' score reflects its financial challenges typical of exploration-stage companies, balanced by positive technical indicators and strategic corporate developments. The strong technical performance suggests investor optimism, while strategic acquisitions and exploration initiatives may provide future upside potential. However, the lack of current revenue and negative cash flows remain significant risks.

Melkior Resources Business Overview & Revenue Model

Company Description

Melkior Resources (MKR) is a junior mining exploration company based in Canada, primarily engaged in the acquisition, exploration, and development of mineral resource properties. The company's focus is on gold, base metals, and other mineral deposits across Canada, with a portfolio of projects located in highly prospective regions such as Ontario and Quebec. Melkior Resources aims to create shareholder value through strategic exploration activities and partnerships with other mining entities.

How the Company Makes Money

Melkior Resources generates revenue primarily through the exploration and development of its mineral properties, which can eventually lead to the discovery of economically viable mineral deposits. Once such deposits are identified, the company can either proceed to develop the mines themselves, which involves extracting and selling the minerals, or enter into joint ventures and partnerships with larger mining companies who have the capital and expertise to bring the project to production. These partnerships often involve upfront payments, milestone payments, and royalty agreements, providing Melkior with a share of the profits from the mined resources. Additionally, the company may raise capital through equity financing, such as issuing new shares, to fund its exploration and operational activities. However, as a junior exploration company, Melkior Resources may not generate significant revenue until its projects reach more advanced stages of development.

Melkior Resources Financial Statement Overview

Summary

Melkior Resources shows a typical profile for an early-stage mining company with no revenue generation and substantial operational expenses leading to consistent net losses. Despite a strong equity position and zero debt indicating stability, the ongoing negative cash flows highlight reliance on external financing.

Income Statement

Melkior Resources has not generated any revenue over the reported periods, which is typical for early-stage mining companies yet presents a challenge for financial sustainability. The consistent negative EBIT and EBITDA margins indicate ongoing operational losses, reflecting high operational costs without corresponding income.

Balance Sheet

The company maintains a strong equity position with zero debt, resulting in a favorable debt-to-equity ratio of 0. The high equity ratio indicates stability and low financial risk. However, the lack of revenue generation could challenge future liquidity if assets are not monetized.

Cash Flow

Melkior Resources exhibits negative free cash flow, reflecting significant cash outflows relative to inflows, largely due to high capital expenditures and operating losses. The lack of revenue generation impacts cash flow sustainability, although the company has been able to secure financing to support operations.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-275.53K	-222.01K	-332.49K	-439.56K	-1.64M	-668.98K
	EBITDA
-212.29K	0.00	-108.83K	-331.30K	24.80K	-668.98K
	Net Income Common Stockholders
-3.32K	-10.59K	-150.07K	-331.30K	24.80K	-636.36K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.96M	1.99M	2.25M	2.69M	2.25M	863.86K
	Total Assets
16.05M	16.01M	15.76M	14.65M	13.81M	12.38M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.96M	-1.99M	-2.25M	-2.43M	-2.03M	-523.86K
	Total Liabilities
190.92K	158.26K	301.91K	349.69K	31.98K	281.73K
	Stockholders Equity
15.86M	15.85M	15.46M	14.30M	13.78M	12.09M
Cash Flow		Free Cash Flow
-137.63K	-186.00K	-262.08K	-574.54K	-1.21M	-867.56K
	Operating Cash Flow
-127.15K	-186.00K	-262.08K	-265.92K	-444.01K	-221.00K
	Investing Cash Flow
-523.53K	-513.04K	-1.29M	-172.46K	142.54K	-278.55K
	Financing Cash Flow
438.30K	438.30K	1.38M	835.05K	1.81M	0.00

Melkior Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MKR, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.12, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MKR.

Melkior Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKR	54 Neutral	C$5.04M	―	-0.72%	―	―	68.27%
ILI	53 Neutral	C$4.16M	6.00	3.85%	―	―	―
Sector *	50 Neutral	$1.99B	-1.06	-21.34%	3.71%	2.03%	-30.65%
VZZ	44 Neutral	C$5.34M	―	-4.59%	―	22.12%	-466.04%
VTT	39 Underperform	C$3.63M	―	-11.52%	―	―	40.00%
NAM	38 Underperform	$9.45M	―	-5.92%	―	―	-10.16%
SKP	34 Underperform	C$5.20M	―	-227.22%	―	―	-6.57%

Melkior Resources Corporate Events

Melkior Resources Expands Carscallen Project with New Acquisition

Melkior Resources Inc. has entered into an agreement to acquire the Turnbull Property in Timmins, Ontario, expanding its Carscallen Project by adding 76 mineral claims to its existing 376 mining claims. This strategic acquisition, subject to TSX Venture Exchange approval, involves a cash payment, issuance of common shares, and a net smelter royalty, potentially enhancing Melkior’s position in the gold exploration sector.

Melkior Launches Winter Drilling Campaign at Beschefer East

Melkior Resources Inc. has initiated its Winter Drill Campaign at the Beschefer East Project in Quebec’s Northern Abitibi greenstone belt. The project involves a six-hole drill program covering 1,050 metres to explore new targets identified through biogeochemical methods. This initiative marks a significant step in leveraging innovative exploration techniques to tap into previously untested areas, potentially impacting Melkior’s positioning in the mining sector.