Meryllion Resources (MYR) AI Stock Analysis

• Market Cap: C$1.51M
• Dividend Yield: N/A
• Average Volume (3M): 8.98K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.02
• Revenue Growth: N/A
• EPS Growth: 71.60%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 75,493,790
• 10 Day Avg. Volume: 15,201
• 30 Day Avg. Volume: 8,976
• PEG Ratio: -0.03
• Price to Book (P/B): -12.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -190.18
• 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: 13 Underperform
• Price Target: ―

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.

Meryllion Resources Business Overview & Revenue Model

Company Description

Meryllion Resources Corp., a natural resource company, engages in the acquisition and exploration of resource properties. It has an option to acquire a 100% interest in the Oldham Range base and battery metal exploration property covering an area of approximately 14,700 hectares located in Western Australia. The company was incorporated in 2013 and is headquartered in Toronto, Canada.

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 is in financial distress, typical for early-stage mining companies. It reports zero revenue with negative equity and cash flows, relying heavily on external financing.

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 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
-308.22K	-346.00K	-260.00K	-391.00K	-540.00K	-142.00K
	EBITDA
-69.97K	-328.00K	-260.00K	-392.00K	-540.00K	-142.00K
	Net Income Common Stockholders
-305.72K	-328.00K	-759.00K	-394.00K	-541.00K	-142.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.36K	20.20K	69.91K	66.55K	554.62K	27.44K
	Total Assets
309.62K	330.64K	94.74K	587.21K	612.57K	42.42K
	Total Debt
75.00K	75.00K	42.26K	0.00	0.00	0.00
	Net Debt
68.64K	54.80K	-27.65K	-66.55K	-554.62K	-27.44K
	Total Liabilities
327.84K	281.65K	244.82K	83.00K	241.22K	136.11K
	Stockholders Equity
-18.22K	48.99K	-150.08K	504.21K	371.35K	-93.68K
Cash Flow		Free Cash Flow
-193.23K	-332.25K	-124.33K	-867.65K	-186.16K	-9.18K
	Operating Cash Flow
-180.87K	-332.25K	-124.33K	-422.11K	-153.22K	-9.18K
	Investing Cash Flow
-22.17K	-56.76K	-10.57K	-445.54K	-32.93K	0.00
	Financing Cash Flow
144.73K	339.29K	138.26K	379.57K	713.34K	34.24K

Meryllion Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.15 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 Positive sentiment for TSE:MYR.

Meryllion Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
SASY	33 Underperform	$582.30K	―	-39.25%	―	―	-117.34%
GOCO	32 Underperform	$799.82K	―	-15.55%	―	―	93.75%
CTN	16 Underperform	C$1.08M	0.25		―	―	-149.75%
MYR	13 Underperform	C$1.51M	―	-118.58%	―	―	71.60%

Meryllion Resources Corporate Events

Meryllion Resources Completes Shares-for-Debt Transaction

Meryllion Resources Corporation has completed a shares-for-debt transaction with Croesus Mining Pty Ltd, settling a $50,000 loan by issuing 2,500,000 common shares at $0.02 each. This transaction, which is a related party transaction under MI 61-101, increases David Steinepreis’ ownership in the company to 25.74%, potentially rising to 27.98% if all warrants are exercised, reflecting a strategic consolidation of shares and influence within the company.

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 Announces Shares-for-Debt Settlement

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 Completes Second Tranche of Private Placement

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 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.