Meteoric Resources (ASX:MEI) - Stock Price, News & Analysis

MEI Stock Overview

Explores for mineral tenements in Brazil, Canada, Western Australia, and Northern Territory. More details

MEI fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Revenue is forecast to grow 71.91% per year

Risk Analysis

Makes less than USD$1m in revenue (A$554K)

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Meteoric Resources NL Competitors

Strandline Resources

ASX:STA

AU$138.9m

Hillgrove Resources

ASX:HGO

AU$121.5m

Core Lithium

ASX:CXO

AU$207.9m

Andean Silver

ASX:ASL

AU$157.6m

Price History & Performance

Summary of all time highs, changes and price drops for Meteoric Resources
Historical stock prices
Current Share Price	AU$0.098
52 Week High	AU$0.31
52 Week Low	AU$0.082
Beta	1.52
11 Month Change	1.03%
3 Month Change	-6.67%
1 Year Change	-53.33%
33 Year Change	512.50%
5 Year Change	92.16%
Change since IPO	-55.45%

Recent updates

Shareholder Returns

	MEI	AU Metals and Mining	AU Market
7D	-2.0%	1.6%	0.9%
1Y	-53.3%	-10.8%	18.4%

Return vs Industry: MEI underperformed the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: MEI underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is MEI's price volatile compared to industry and market?
MEI volatility
MEI Average Weekly Movement	12.1%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.3%

Stable Share Price: MEI has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MEI's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Nick Holthouse	www.meteoric.com.au

Meteoric Resources NL explores for mineral tenements in Brazil, Canada, Western Australia, and Northern Territory. The company explores for gold, copper, and diamond deposits. It also owns interests in the Palm Springs gold project, which covers an area of approximately 12,500 ha located in Western Australia; the Juruena Gold project located in Brazil; Webb Diamond JV project covers an area of 400 square kilometers located in Western Australia; and the Warrego North IOCG project located in the Northern Territory.

Meteoric Resources NL Fundamentals Summary

How do Meteoric Resources's earnings and revenue compare to its market cap?
MEI fundamental statistics
Market cap	AU$225.27m
Earnings (TTM)	-AU$45.27m
Revenue (TTM)	AU$553.60k

406.9x

P/S Ratio

-5.0x

P/E Ratio

Is MEI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEI income statement (TTM)
Revenue	AU$553.60k
Cost of Revenue	AU$0
Gross Profit	AU$553.60k
Other Expenses	AU$45.82m
Earnings	-AU$45.27m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.02
Gross Margin	100.00%
Net Profit Margin	-8,177.47%
Debt/Equity Ratio	0%

How did MEI perform over the long term?

See historical performance and comparison

MEI Stock Overview

Rewards

Risk Analysis

Meteoric Resources NL Competitors

ASX:STA

AU$138.9m

ASX:HGO

AU$121.5m

ASX:CXO

AU$207.9m

ASX:ASL

AU$157.6m

Price History & Performance

Recent News & Updates

Meteoric Resources NL Appoints Stuart Gale as Director

WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million.

Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.42005 million.

WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million.

Meteoric Resources NL, Annual General Meeting, Oct 22, 2024

New minor risk - Share price stability

Recent updates

Meteoric Resources NL Appoints Stuart Gale as Director

WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million.

Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.42005 million.

WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million.

Meteoric Resources NL, Annual General Meeting, Oct 22, 2024

New minor risk - Share price stability

Price target decreased by 9.9% to AU$0.40

Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million.

Price target decreased by 7.5% to AU$0.45

Executive Chairman recently bought AU$51k worth of stock

New major risk - Financial position

Meteoric Resources NL, Annual General Meeting, Nov 17, 2023

New major risk - Revenue and earnings growth

Executive Chairman exercised options and sold AU$881k worth of stock

Meteoric Resources NL Announces Caldeira Project Drilling to Commence

Non-Executive Technical Director recently bought AU$253k worth of stock

Meteoric Resources NL acquired Caldeira Project in Brazil.

Meteoric Resources NL acquired Caldeira Project in Brazil.

Meteoric Resources NL Completes Drilling Program At Palm Springs

Meteoric Resources NL Announces Resignation of Shastri Ramnath as Non- Executive Director

No independent directors

Meteoric Resources NL Announces Drilling Underway at Palm Springs, WA

Keystone Resources Ltd completed the acquisition of Juruena Gold Project from Meteoric Resources NL (ASX:MEI).

Meteoric Resources NL, Annual General Meeting, Nov 23, 2022

Meteoric Resources NL Announces Results from Induced Polarisation Survey for Its Palm Springs Gold Project

Meteoric Resources NL Announces Field Season Commences at Palm Springs Gold Project

Keystone Resources Ltd has executed a legally binding Agreement to acquire Juruena Gold Project from Meteoric Resources NL (ASX:MEI) for $22 million.

No independent directors

Meteoric Resources NL Announces Confirmation of Exceptional Gold Recoveries at Butchers Creek

Meteoric Resources NL Announces the Initial Results of Metallurgical Test Work Carried Out on Recently Drilled Core from the Sulphide Zone At the Butchers Creek Deposit

Meteoric Resources NL Provides Update in Thick Gold Mineralised Zones At Butchers Creek

Meteoric Resources NL Provides an Update Regarding its Ongoing Drilling for Porphyry Copper Targets At the Juruena Project in Brazil

Meteoric Announces Drilling Updates

Meteoric Resources Nl Announces Significant Increase in Juruena Resource

Meteoric Resources NL Announces Maiden Mineral Resource Estimate for the Palm Springs Gold Project

Meteoric Resources Nl Announces Juruena Deep Drilling Confirms Porphyry System

Meteoric Resources NL Announces Update on 2021 Exploration Drilling Program At Palm Springs

Meteoric Resources NL Announces Porphyry Drilling Update, Juruena Project, Brazil

Meteoric Resources Announces to Recommence Drilling At Juruena Project by Next Week

Meteoric Resources Announces Deep Drilling Reaches Top of Copper Gold Porphyry Target

Meteoric Resources NL Announces Palm Springs Gold Project, Western Australia

Meteoric Resources NL Announces Commencement of Deep Drilling on Copper-Gold Porphyry Target

Meteoric Resources Nl Announces Outstanding Final Assays Extend Palm Springs Continuity

Meteoric Resources Nl Announces Plans to Commence its 2021 Brazilian Drilling Program

Meteoric Resources NL announced that it expects to receive AUD 4 million in funding

Rafaella Resources Limited (ASX:RFR) completed the acquisition of Midrim and LaForce projects from Meteoric Resources NL (ASX:MEI).

Meteoric Resources NL Updates Juruena Delivers More Bonanza Gold Above 90g/t Au

Rafaella Resources Limited (ASX:RFR) entered into an agreement to acquire Midrim and LaForce projects from Meteoric Resources NL (ASX:MEI) for AUD 0.86 million.