MegaWatt Lithium and Battery Metals Corp.
CNSX:MEGA Stock Report
MegaWatt Lithium and Battery Metals Past Earnings Performance MegaWatt Lithium and Battery Metals's earnings have been declining at an average annual rate of -22.9%, while the Metals and Mining industry saw earnings growing at 21.6% annually.
Key information
-22.9%
Earnings growth rate
Metals and Mining Industry Growth 27.4% Revenue growth rate n/a Return on equity -39.9% Net Margin n/a Last Earnings Update 30 Jun 2024
Recent past performance updates
Show all updates
New major risk - Financial position Jun 04
MegaWatt Lithium and Battery Metals Corp. Provides Work Program Plans for Benedict Mountains Uranium Property in Labrador’S Central Mineral Belt May 30
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) completed the acquisition of Labrador Mineral Resources Inc. May 09
New major risk - Shareholder dilution Mar 10
MegaWatt Lithium and Battery Metals Corp., Annual General Meeting, Dec 21, 2023 Nov 04
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) completed the acquisition of the remaining 20% interest in 1256714 B.C. Ltd. Jul 14
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) entered into a share purchase agreement to acquire remaining 20% interest in 1256714 B.C. Ltd. for CAD 0.1 million. Jul 07
Megawatt Lithium and Battery Metals Corp. Reports Encouraging Assay Results from Its Recently Completed Rock Chip Sampling Program At the Artic Fox Project in Central Northern Territory, Australia Feb 08
MegaWatt Lithium and Battery Metals Corp. Completes Airborne Geophysical Survey at Mistumis and Route 381 Properties, James Bay Region, Quebec Nov 23
Less than half of directors are independent Nov 16
Megawatt Collects 1,918 Soil Samples at Mistumis Lithium Property, James Bay, Quebec. Assays Pending Nov 12
MegaWatt Lithium and Battery Metals Corp., Annual General Meeting, Dec 15, 2022 Oct 14
Megawatt Lithium and Battery Metals Corp. Announces Encouraging Magnetic Survey Results At Tyr Property in Australia Aug 31 MegaWatt Lithium and Battery Metals Corp. announced that it expects to receive CAD 1 million in funding Aug 23
Megawatt Lithium and Battery Metals Corp. Kicks Off Lithium Exploration Field Program At Route 381 and Mistumis in James Bay Area, Quebec Aug 12
The Megawatt Lithium and Battery Metals Corp. Completes Field Visit to the Artic Fox & Isbjorn Projects in Central Northern Territory, Australia Jun 09
Megawatt Lithium and Battery Metals Corp Completes Comprehensive Desktop Review of Available Data at Its Two Properties May 26
Megawatt Lithium and Battery Metals Corp Completes Comprehensive Desktop Review of Available Data at Its Two Properties May 25
Less than half of directors are independent Apr 27
Megawatt Lithium and Battery Metals Corp. Appoints Anthony Zelen as Director Apr 20 MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) entered into a share purchase agreement to acquire additional 20% stake in 1256714 B.C. Ltd. from certain shareholders for $0.98 million. Apr 01
Megawatt Lithium and Battery Metals Corp. Focusing on Developing Prospective Lithium Properties in James Bay Region, Quebec Feb 25
MegaWatt Exploration for REEs & Uranium within Central NorthernTerritory Properties Set to Commence Feb 02 MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) acquired 229 Additional Mineral Exploration Claims in the James Bay Area of Quebec.
Megawatt Lithium and Battery Metals Corp. Receives Initial Results for Lithium Potential At Its Tyr Project in New South Wales, Australia Jan 13
MegaWatt Lithium and Battery Metals Corp. announced that it has received CAD 1.310595 million in funding Nov 24
MegaWatt Lithium and Battery Metals Corp. Completes Fieldwork at Arctic Fox and Isbjorn Rare Earth Element Properties, Australia - Assays Pending Sep 10
Megawatt Lithium and Battery Metals Corp Plans Field Program at Route 381 Lithium Project, Quebec Jun 18
Megawatt Lithium and Battery Metals Corp Mobilizes for IP Survey At Cobalt Hill Jun 08
Megawatt Lithium and Battery Metals Corp. Continuing Data Review of Two its Australian Properties, Artic Fox and Isbjorn Jun 02
Megawatt Lithium and Battery Metals Corp. Files NI 43 101 Technical Report for the Tyr Project, NSW and Century South Project, Queensland, Australia May 08
Megawatt Plans Seasonal Field Work at Tyr Including Phase 1 Drilling Apr 30
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) entered into a letter of intent to acquire Nickel-Cobalt-Scandium-Rare Earth Projects in Northern Territory and New South Wales for CAD 5 million. Mar 05
Megawatt Lithium and Battery Metals Corp. Announces Marketing Agreement with MMG Market Medium Gmbh & Co. Kg Mar 04
MegaWatt Lithium and Battery Metals Corp. Provides Project Portfolio Review and Exploration Summary Feb 05 Walcott Resources Ltd. Announces That Surface Sampling Field Work and Evaluation Has Been Finalized At Its 60% Owned Tyr Silver Zinc Project in New South Wales, Australia
Independent Director has left the company Jan 29
Independent Director has left the company Jan 29
Walcott Resources Ltd. (CNSX:WAL) entered into a property purchase agreement to acquire Route 381 Lithium Property for CAD 1.3 million. Jan 29
Walcott Resources Ltd. Announces Board Changes Jan 28
New 90-day low: CA$0.29 Jan 28
New 90-day low: CA$0.33 Jan 08
New 90-day low: CA$0.40 Dec 22
Walcott Resources Ltd. Begins Field Work and Evaluation At Century South Silver Zinc Project in Northern Queensland, Australia Dec 19
Walcott Resources Announces Encouraging Gold Values Confirmed by 2020 Field Program Dec 11
Walcott Commences Field Work at the Tyr Silver Project Dec 03
New 90-day high: CA$1.11 Nov 19
Walcott Resources Ltd. announced that it has received CAD 2.86575 million in funding Sep 22 Walcott Resources Ltd. (CNSX:WAL) entered into a share exchange agreement to acquire 60% stake in 1256714 B.C. Ltd. for CAD 4.6 million.
Walcott Resources Ltd. announced that it has received CAD 0.4 million in funding Aug 08
Walcott Resources Ltd. announced that it expects to receive CAD 0.4 million in funding Jul 10
Revenue & Expenses Breakdown
How MegaWatt Lithium and Battery Metals makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History CNSX:MEGA Revenue, expenses and earnings (CAD Millions) Date Revenue Earnings G+A Expenses R&D Expenses 30 Jun 24 0 -2 1 0 31 Mar 24 0 -1 1 0 31 Dec 23 0 -1 0 0 30 Sep 23 0 -1 1 0 30 Jun 23 0 -11 1 0 31 Mar 23 0 -12 1 0 31 Dec 22 0 -12 1 0 30 Sep 22 0 -12 2 0 30 Jun 22 0 -12 2 0 31 Mar 22 0 -14 2 0 31 Dec 21 0 -14 2 0 30 Sep 21 0 -15 3 0 30 Jun 21 0 -4 3 0 31 Mar 21 0 -3 3 0 31 Dec 20 0 -2 2 0 30 Sep 20 0 -1 1 0 30 Jun 20 0 0 0 0 31 Mar 20 0 0 0 0 31 Dec 19 0 0 0 0 30 Sep 19 0 0 0 0 30 Jun 19 0 0 0 0
Quality Earnings: MEGA is currently unprofitable.
Growing Profit Margin: MEGA is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MEGA is unprofitable, and losses have increased over the past 5 years at a rate of 22.9% per year.
Accelerating Growth: Unable to compare MEGA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MEGA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18%).
Return on Equity
High ROE: MEGA has a negative Return on Equity (-39.86%), as it is currently unprofitable.
Return on Capital Employed
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