Breakdown | ||||
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 |
---|---|---|---|---|
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 | EBIT |
-259.63K | -391.23K | -539.87K | -141.79K | -296.71K | EBITDA |
-259.63K | 0.00 | 0.00 | 0.00 | -11.96K | Net Income Common Stockholders |
-758.95K | -395.21K | -541.00K | -141.83K | -296.71K |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
69.91K | 66.55K | 554.62K | 27.44K | 2.39K | Total Assets |
94.74K | 587.21K | 612.57K | 42.42K | 18.73K | Total Debt |
42.26K | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
-27.65K | -66.55K | -554.62K | -27.44K | -2.39K | Total Liabilities |
244.82K | 83.00K | 241.22K | 136.11K | 71.33K | Stockholders Equity |
-150.08K | 504.21K | 371.35K | -93.68K | -52.60K |
Cash Flow | Free Cash Flow | |||
-124.33K | -867.65K | -186.16K | -9.18K | -3.35K | Operating Cash Flow |
-124.33K | -422.11K | -153.22K | -9.18K | -3.35K | Investing Cash Flow |
-10.57K | -445.54K | -32.93K | 0.00 | 0.00 | Financing Cash Flow |
138.26K | 379.57K | 713.34K | 34.24K | 0.00 |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
74 Outperform | C$616.00M | 6.42 | 27.12% | ― | 6.15% | 10.69% | |
50 Neutral | C$42.92M | 221.74 | -0.64% | ― | ― | 88.31% | |
49 Neutral | $1.95B | -1.59 | -21.99% | 3.77% | 0.61% | -27.45% | |
42 Neutral | $2.73M | ― | -322.42% | ― | -100.00% | 54.27% | |
36 Underperform | C$13.91M | ― | -349.78% | ― | ― | -184.91% | |
25 Underperform | $3.62M | ― | -196.38% | ― | ― | -2283.33% | |
13 Underperform | C$845.74K | ― | ― | ― | 71.60% |
Meryllion Resources Corporation, based in Vancouver, Canada, has announced a shares-for-debt transaction with Croesus Mining Pty Ltd to settle a $50,000 loan by issuing 2,500,000 common shares at $0.02 per share. This transaction is considered a related party transaction under MI 61-101, but Meryllion plans to use exemptions from certain requirements due to the transaction’s value being less than 25% of the company’s market capitalization. The completion of this settlement is pending regulatory approvals, including from the Canadian Securities Exchange, and the issued shares will have a hold period of four months and one day.
Spark’s Take on TSE:MYR Stock
According to Spark, TipRanks’ AI Analyst, TSE:MYR is a Underperform.
Meryllion Resources faces significant financial and operational challenges with no revenue and negative equity. The recent private placements provide a slight improvement in capital but do not offset the fundamental risks. The stock’s valuation is hindered by a negative P/E ratio, and technical analysis indicates a bearish trend.
To see Spark’s full report on TSE:MYR stock, click here.
Meryllion Resources Corporation has successfully closed the second tranche of its non-brokered private placement, raising $215,800 through the issuance of over 14 million common shares. The funds will be allocated towards working capital and potential new acquisitions, subject to final acceptance by the CSE, with a hold period of four months and one day on the issued securities.
Spark’s Take on TSE:MYR Stock
According to Spark, TipRanks’ AI Analyst, TSE:MYR is a Underperform.
Meryllion Resources faces substantial financial challenges with no revenue and reliance on external financing, impacting its financial stability and stock performance. Technical indicators confirm a bearish trend, while the negative P/E ratio underscores valuation difficulties. The recent financing provides a moderate positive outlook, yet significant risks remain.
To see Spark’s full report on TSE:MYR stock, click here.
Meryllion Resources Corporation announced the closing of the first tranche of its non-brokered private placement, raising $244,800 through the issuance of 16,320,001 common shares. This move included significant participation from insiders, with David Steinepreis increasing his ownership stake to 27.97%. The transaction is subject to final acceptance by the CSE, and all securities issued will have a hold period of four months and one day. The announcement highlights the company’s strategic financial maneuvers to bolster its capital, potentially impacting its market positioning and stakeholder interests.
Meryllion Resources Corporation has announced a non-brokered private placement of up to 33,000,000 common shares at $0.015 per share, aiming to raise up to $495,000. The funds will be used for working capital and potential new acquisitions, with the placement subject to regulatory approvals and a hold period for issued shares.