Meeka Metals (CHIA:MEK) - Stock Price, News & Analysis

MEK Stock Overview

Engages in the exploration and development of gold properties in Western Australia. More details

MEK fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	6/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 92.2% below our estimate of its fair value

Earnings are forecast to grow 49.75% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (A$0)

Meeka Metals Limited Competitors

Astral Resources

ASX:AAR

AU$150.5m

Ten Sixty Four

ASX:X64

AU$129.9m

Alto Metals

ASX:AME

AU$59.9m

Labyrinth Resources

ASX:LRL

AU$113.3m

Price History & Performance

Summary of all time highs, changes and price drops for Meeka Metals
Historical stock prices
Current Share Price	AU$0.07
52 Week High	AU$0.092
52 Week Low	AU$0.026
Beta	0.71
11 Month Change	-7.89%
3 Month Change	27.27%
1 Year Change	94.44%
33 Year Change	55.56%
5 Year Change	438.46%
Change since IPO	191.67%

Recent updates

Shareholder Returns

	MEK	AU Metals and Mining	AU Market
7D	9.4%	1.6%	0.9%
1Y	94.4%	-10.8%	18.4%

Return vs Industry: MEK exceeded the Australian Metals and Mining industry which returned -11.3% over the past year.

Return vs Market: MEK exceeded the Australian Market which returned 17.7% over the past year.

Price Volatility

Is MEK's price volatile compared to industry and market?
MEK volatility
MEK Average Weekly Movement	11.2%
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: MEK has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MEK's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	n/a	Tim Davidson	meekametals.com.au

Meeka Metals Limited engages in the exploration and development of gold properties in Western Australia. Its flagship property is the 100% owned Murchison Gold project that covers an area of approximately 281 square kilometers located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022.

Meeka Metals Limited Fundamentals Summary

How do Meeka Metals's earnings and revenue compare to its market cap?
MEK fundamental statistics
Market cap	AU$168.98m
Earnings (TTM)	-AU$2.94m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-57.4x

P/E Ratio

Is MEK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEK income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$2.94m
Earnings	-AU$2.94m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0012
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	7.6%

How did MEK perform over the long term?

See historical performance and comparison

MEK Stock Overview

Rewards

Risk Analysis

Meeka Metals Limited Competitors

ASX:AAR

AU$150.5m

ASX:X64

AU$129.9m

ASX:AME

AU$59.9m

ASX:LRL

AU$113.3m

Price History & Performance

Recent News & Updates

New major risk - Shareholder dilution

Meeka Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 35 million.

Meeka Metals Limited, Annual General Meeting, Nov 29, 2024

Meeka Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 34.999999 million.

Meeka Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 35.023362 million.

New major risk - Financial position

Recent updates

New major risk - Shareholder dilution

Meeka Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 35 million.

Meeka Metals Limited, Annual General Meeting, Nov 29, 2024

Meeka Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 34.999999 million.

Meeka Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 35.023362 million.

New major risk - Financial position

Meeka Metals Limited Announces the Resignation of Morgan Barron as Non-Executive Director, Effective 31 January 2024

Meeka Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.8 million.

Meeka Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.8 million.

Meeka Metals Limited, Annual General Meeting, Nov 28, 2023

New minor risk - Share price stability

Meeka Metals Limited Announces Appointment of Tony Brazier as Joint Company Secretary

Meeka Metals Limited Appoints Tony Brazier as Its Chief Financial Officer

New minor risk - Share price stability

Meeka Metals Limited Announces Infill Drilling for Rare Earths At Circle Valley Is Underway

Meeka Metals Limited Updates Mineral Resource for the Shallow, High-Grade Turnberry Deposit, Part of the 100% Owned Murchison Gold Project

Meeka Metals Limited Reports Shallow, High-Grade Gold Assays from Extensional Drilling Targeting the Western Flank of Turnberry

Meeka Metals Announces Excellent Upstream Rare Earth Beneficiation Results

Meeka Metals Limited Reports Drill Testing Results of the Second Conceptual Target At St Anne's, Murchison Gold Project

No independent directors

Meeka Metals Limited Reports Discovery of A New Lode, Part of the 100% Owned Murchison Gold Project

Meeka Metals Limited, Annual General Meeting, Nov 03, 2022

Meeka Metals Limited Provides an Update on Activities Currently Underway in the Murchison and At Circle Valley

Insider recently bought AU$519k worth of stock

Meeka Metals Limited Announces Ongoing High-Grade Rare Earth Assays from Circle Valley

Meeka Metals Limited Continues to Grow-Further High-Grade Gold Results

Meeka Metals Limited Announces High-Grade Gold Continues at Turnberry

Meeka Metals Limited Announces Significant New Discovery At St Anne's

Meeka Metals Limited Announces Highest Grade Rare Earth Assays to Date from Circle Valley

Meeka Metals Limited Reports Positive Rare Earth Metallurgical Testwork and Forward Plan

Meeka Metals Limited Reports Thick, High-Grade Gold Assays from St Anne's, Part of the Murchison Gold Project

Meeka Metals Limited Announces More Shallow, High-Grade Gold on the Western Flank of Turnberry

Meeka Gold Limited Reports Gold Assays from the Murchison Gold Project

Meeka Gold Limited Announces High-Grade Rare Earths Continue At Circle Valley

Meeka Gold Limited Reports Further Assay Results from the Circle Valley Project

Meeka Gold Limited Announces High Priority Drilling Underway At Murchison Gold Project

Meeka Gold Limited Reports Results from 105 Holes Drilled Within the Eastern Block of Cascade

Meeka Gold Limited Announces Changes to Board

Meeka Gold Limited Reports Rare Earth Mettalurgical Work Underway

Meeka Gold Limited Reports Spectacular Rare Earth Grades from Cascade Project

No independent directors

Meeka Gold Limited Reports Further REO Results for the Cascade REE Project

Meeka Gold Limited (ASX:MEK) acquired Cascade Rare Earth Project.

Meeka Gold Announces Drilling Results from the Murchison Gold Project

Meeka Gold Limited Provides Update on Exploration Activities Currently Underway at Circle Valley in the Albany-Fraser Mobile Belt

Meeka Gold Limited Reports New Assay Results from the Recent Rc Drilling At the St Anne's Prospect, Which Forms Part of the Company's Murchison Gold Project

Meeka Gold Limited Announces Murchison Diamond Drilling Progress Update

Meeka Gold Limited Announces Drilling Commenced at Circle Valley

No independent directors

Latitude Consolidated Limited Reports Further Assay Results from Phase 1 Drill Program At Murchison Gold Project

Latitude Consolidated Limited Announces Further Assays Received from Phase 1 Drilling at MGP

Latitude Consolidated Limited Announces New Mineralised Trend Discovered At Andy Well

Latitude Consolidated Limited announced that it expects to receive AUD 6.748619 million in funding

Latitude Consolidated Limited Announces Mineral Resource Estimate for the Turnberry Deposit

Non-Executive Director has left the company

Latitude Consolidated Limited Appoints Paul David Adams as Director

Latitude Consolidated Limited Appoints Tim Davidson as Chief Executive Officer

Latitude Consolidated Limited (ASX:LCD) signed a binding agreement to acquire Andy Well Mining Pty Ltd from Silver Lake Resources Limited (ASX:SLR) for AUD 8 million.

Latitude Consolidated Limited Announces It Has Signed A Native Title Mining and Land Access Agreement for Exploration with Antakirinja Matuyankunytjatjara Aboriginal Corporation