Meryllion Resources (MYR) AI Stock Analysis

• Market Cap: C$422.87K
• Dividend Yield: N/A
• Average Volume (3M): 4.70K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.60
• Revenue Growth: N/A
• EPS Growth: 71.60%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 42,287,125
• 10 Day Avg. Volume: 200
• 30 Day Avg. Volume: 4,700
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -7.60
• P/FCF Ratio: 0.00
• 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

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.

Meryllion Resources Business Overview & Revenue Model

Company Description

Meryllion Resources (MYR) is a natural resources exploration and development company focused on identifying, acquiring, evaluating, and advancing mining projects in the Americas. The company's core activities include exploration for precious and base metals, with a particular emphasis on gold, silver, and copper deposits. Meryllion Resources aims to create value through strategic project acquisitions and exploration initiatives that leverage its technical expertise and market knowledge.

How the Company Makes Money

Meryllion Resources makes money through the exploration and potential development of mineral properties. The company generates revenue primarily by discovering and evaluating mineral deposits, which can be either developed into operational mines or sold to other mining companies. Key revenue streams include the sale of mineral rights, joint ventures, and strategic partnerships with larger mining firms. Additionally, the company may raise funds through equity financing to support its exploration activities and sustain operations until profitable mineral deposits are developed or sold.

Meryllion Resources Financial Statement Overview

Summary

Meryllion Resources exhibits financial distress typical of early-stage mining companies. The absence of revenue, negative equity, and reliance on financing highlight significant financial risk.

Income Statement

Meryllion Resources has consistently reported zero revenue, indicative of pre-revenue or project development status typical in the mining industry. The company is experiencing persistent negative EBIT and net income, pointing to significant operational and financial challenges.

Balance Sheet

The company has a negative stockholders' equity, suggesting financial instability or significant debt relative to its equity. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is negative, highlighting financial risk.

Cash Flow

The cash flow situation is concerning, with negative operating and free cash flows, and reliance on financing activities for liquidity. The absence of consistent revenue generation impacts the ability to generate positive cash flow.

Breakdown
TTM	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019
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
-183.78K	-259.63K	-391.23K	-539.87K	-141.79K	-296.71K
	EBITDA
-69.97K	-259.63K	0.00	0.00	0.00	-11.96K
	Net Income Common Stockholders
-306.13K	-758.95K	-395.21K	-541.00K	-141.83K	-296.71K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.36K	69.91K	66.55K	554.62K	27.44K	2.39K
	Total Assets
309.62K	94.74K	587.21K	612.57K	42.42K	18.73K
	Total Debt
75.00K	42.26K	0.00	0.00	0.00	0.00
	Net Debt
68.64K	-27.65K	-66.55K	-554.62K	-27.44K	-2.39K
	Total Liabilities
327.84K	244.82K	83.00K	241.22K	136.11K	71.33K
	Stockholders Equity
-18.22K	-150.08K	504.21K	371.35K	-93.68K	-52.60K
Cash Flow		Free Cash Flow
-193.23K	-124.33K	-867.65K	-186.16K	-9.18K	-3.35K
	Operating Cash Flow
-180.87K	-124.33K	-422.11K	-153.22K	-9.18K	-3.35K
	Investing Cash Flow
-22.17K	-10.57K	-445.54K	-32.93K	0.00	0.00
	Financing Cash Flow
144.73K	138.26K	379.57K	713.34K	34.24K	0.00

Meryllion Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MYR, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.36 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MYR.

Meryllion Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORE	78 Outperform	C$505.29M	5.16	27.12%	―	6.15%	10.69%
AZM	49 Neutral	C$45.49M	234.78	0.39%	―	―	―
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
BAY	38 Underperform	C$12.65M	―	-349.78%	―	―	-184.91%
AUMN	34 Underperform	$3.10M	―	-1307.49%	―	-98.16%	64.61%
MYR	31 Underperform	C$422.87K	―		―	―	71.60%
NUG	25 Underperform	$3.62M	―	-196.38%	―	―	-2283.33%

Meryllion Resources Corporate Events

Meryllion Resources Closes First Tranche of Private Placement

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 Announces Private Placement for Expansion

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.