Meryllion Resources (MYR) AI Stock Analysis

• Market Cap: C$4.91M
• Dividend Yield: N/A
• Average Volume (3M): 115.41K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.77
• Revenue Growth: N/A
• EPS Growth: 71.86%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 75,493,800
• 10 Day Avg. Volume: 331,131
• 30 Day Avg. Volume: 115,409
• PEG Ratio: 0.03
• Price to Book (P/B): 15.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.34
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• 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.

Positive Factors

Strategic Financial Maneuvers

The successful private placement indicates strategic financial planning, providing necessary capital for operations and potential acquisitions, which can enhance long-term growth prospects.

Shares-for-Debt Transaction

The shares-for-debt transaction reduces liabilities and strengthens the balance sheet, improving financial stability and positioning the company for future opportunities.

Insider Investment

Increased insider investment reflects confidence in the company's strategy and potential, aligning management interests with shareholders and supporting long-term value creation.

Negative Factors

Financial Distress

The company's financial distress, characterized by zero revenue and negative equity, poses significant risks to sustainability and limits its ability to fund exploration activities without external financing.

Negative Cash Flow

Persistent negative cash flow indicates an inability to generate sufficient internal funds, necessitating ongoing reliance on external capital, which can constrain financial flexibility and growth.

Zero Revenue

The absence of revenue generation highlights the company's early-stage status and operational challenges, impacting its ability to achieve profitability and sustain long-term operations.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 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
EBITDA	-79.76K	-328.00K	-260.00K	-392.00K	-540.00K	-142.00K
Net Income	-352.41K	-328.00K	-759.00K	-394.00K	-541.00K	-142.00K
Balance Sheet
Total Assets	566.52K	330.64K	94.74K	587.21K	612.57K	42.42K
Cash, Cash Equivalents and Short-Term Investments	97.64K	20.20K	69.91K	66.55K	554.62K	27.44K
Total Debt	195.00K	75.00K	42.26K	0.00	0.00	0.00
Total Liabilities	327.15K	281.65K	244.82K	83.00K	241.22K	136.11K
Stockholders Equity	239.37K	48.99K	-150.08K	504.21K	371.35K	-93.68K
Cash Flow
Free Cash Flow	-421.68K	-332.25K	-124.33K	-867.65K	-186.16K	-9.18K
Operating Cash Flow	-421.68K	-332.25K	-124.33K	-422.11K	-153.22K	-9.18K
Investing Cash Flow	-121.36K	-56.76K	-10.57K	-445.54K	-32.93K	0.00
Financing Cash Flow	639.10K	339.29K	138.26K	379.57K	713.34K	34.24K

Meryllion Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Negative
• 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 Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.69 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 Neutral sentiment for TSE:MYR.

Meryllion Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VTT	53 Neutral	C$5.44M	-8.82	-12.30%	―	―	15.00%
BOLT	49 Neutral	C$4.74M	-0.27	-185.17%	―	―	36.64%
CCB	46 Neutral	C$3.63M	-1.88	-72.19%	―	―	-73.91%
ULT	32 Underperform	C$3.82M	-0.82	-58.50%	―	―	-123.85%
MYR	13 Underperform	C$4.91M	-10.00	-230.08%	―	―	71.86%

Meryllion Resources Corporate Events

Meryllion Resources Extends Expiry of Nearly 8 Million Share Purchase Warrants

Meryllion Resources has extended the expiry date of 7,984,025 common share purchase warrants issued in a January 2024 private placement, moving their termination from January 8, 2026 to July 8, 2026 while keeping the exercise price at $0.07 and all other terms unchanged. The extension, which still requires final Canadian Securities Exchange approval but has received an exemption from a key CSE policy condition, effectively gives existing warrant holders— including a director who beneficially owns a large block of the warrants—additional time to participate in potential equity upside, providing the company with more flexibility to secure future capital without altering current dilution terms and underscoring its ongoing funding strategy for advancing its Nevada and Australian exploration assets.

Meryllion Raises $282,000 in First Tranche of Private Placement for Exploration Push

Meryllion Resources has closed the first tranche of its previously announced non-brokered private placement, issuing 5.64 million common shares at $0.05 per share to raise gross proceeds of $282,000, subject to Canadian Securities Exchange approval and a standard four-month-plus-one-day hold period. The funds, some of which were subscribed by company insiders under related-party transaction exemptions, will be used to advance exploration activities and support working capital, bolstering Meryllion’s ability to develop its Nevada gold-silver-antimony project and Tasmanian rare earths assets amid growing interest in both precious and critical minerals.

Meryllion Resources Announces $600,000 Private Placement for Exploration Expansion

Meryllion Resources Corporation has announced a non-brokered private placement to raise up to $600,000 through the sale of 12 million common shares. The funds will be used for exploration activities and working capital, with a focus on drilling programs in Tasmania and Nevada. The company is strategically positioned near high-value rare earth discoveries and anticipates drilling results shortly after the placement’s closure, potentially enhancing its market position.