How does MERG's PB Ratio compare to its peers?

MERG is expensive based on its Price-To-Book Ratio (4.7x) compared to the peer average (1.1x).

How does MERG's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

MERG is expensive based on its Price-To-Book Ratio (4.7x) compared to the Canadian Metals and Mining industry average (1.4x).

What is MERG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate MERG's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of MERG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MERG's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Metal Energy (TSXV:MERG) - Stock Price, News & Analysis

MERG Stock Overview

Engages in the acquisition and exploration of mineral properties in Canada. More details

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

Risk Analysis

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

Does not have a meaningful market cap (CA$4M)

Highly volatile share price over the past 3 months compared to the Canadian market

Has less than 1 year of cash runway

+ 1 more risk

Metal Energy Corp. Competitors

Troubadour Resources

TSXV:TR

CA$4.1m

Antler Gold

TSXV:ANTL

CA$4.1m

Fathom Nickel

CNSX:FNI

CA$4.9m

Silver Predator

TSXV:SPD

CA$4.1m

Price History & Performance

Summary of all time highs, changes and price drops for Metal Energy
Historical stock prices
Current Share Price	CA$0.035
52 Week High	CA$0.085
52 Week Low	CA$0.01
Beta	1.08
11 Month Change	40.00%
3 Month Change	133.33%
1 Year Change	-12.50%
33 Year Change	-79.41%
5 Year Change	n/a
Change since IPO	-79.41%

Recent updates

Shareholder Returns

	MERG	CA Metals and Mining	CA Market
7D	16.7%	6.6%	2.2%
1Y	-12.5%	32.2%	23.4%

Return vs Industry: MERG underperformed the Canadian Metals and Mining industry which returned 32.2% over the past year.

Return vs Market: MERG underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is MERG's price volatile compared to industry and market?
MERG volatility
MERG Average Weekly Movement	53.8%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: MERG's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: MERG's weekly volatility has increased from 36% to 54% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	James Sykes	metalenergy.ca

Metal Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It explores for lithium, nickel, copper, and cobalt deposits, as well as platinum group elements. The company holds interests in the Manibridge project that comprises approximately 4,368 hectares located in the Thompson Nickel Belt of Manitoba.

Metal Energy Corp. Fundamentals Summary

How do Metal Energy's earnings and revenue compare to its market cap?
MERG fundamental statistics
Market cap	CA$4.15m
Earnings (TTM)	-CA$1.85m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-2.2x

P/E Ratio

Is MERG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MERG income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$1.85m
Earnings	-CA$1.85m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.016
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.4%

How did MERG perform over the long term?

See historical performance and comparison

MERG Stock Overview

Risk Analysis

Metal Energy Corp. Competitors

TSXV:TR

CA$4.1m

TSXV:ANTL

CA$4.1m

CNSX:FNI

CA$4.9m

TSXV:SPD

CA$4.1m

Price History & Performance

Recent News & Updates

Metal Energy Corp. (TSXV:MERG) completed the acquisition of Highland Valley Project Located in Southern British Columbia from Happy Creek Minerals Ltd. (TSXV:HPY).

Executive Chairman recently bought CA$60k worth of stock

Metal Energy Corp., Annual General Meeting, Jun 27, 2024

Metal Energy Corp. Starts Drilling At Sourcerock Lithium Brine Project

Metal Energy Corp. Receives $200,000 from the Ontario Junior Exploration Program to Advance Sourcerock

High number of new and inexperienced directors

Recent updates

Metal Energy Corp. (TSXV:MERG) completed the acquisition of Highland Valley Project Located in Southern British Columbia from Happy Creek Minerals Ltd. (TSXV:HPY).

Executive Chairman recently bought CA$60k worth of stock

Metal Energy Corp., Annual General Meeting, Jun 27, 2024

Metal Energy Corp. Starts Drilling At Sourcerock Lithium Brine Project

Metal Energy Corp. Receives $200,000 from the Ontario Junior Exploration Program to Advance Sourcerock

High number of new and inexperienced directors

Metal Energy Corp. announced that it has received CAD 0.64 million in funding

Metal Energy Corp. announced that it expects to receive CAD 0.63 million in funding

Metal Energy Corp. announced that it expects to receive CAD 0.63 million in funding

Metal Energy Corp., Annual General Meeting, Sep 14, 2023

Metal Energy Corp., Annual General Meeting, Aug 10, 2023

Metal Energy Continues Drilling Broad High- Grade Nickel Intersections Including 68.55 M of 0.82% Nieq At Manibridge Project

Metal Energy Corp. Drills Three Holes with Broad Nickel Intersections Including 85.3 m of 0.67% NiEq At Manibridge Project

Metal Energy Corp. Reports 5 Drill Holes Intersecting Shallow High-Grade Nickel Mineralization At Manibridge Project

Metal Energy Completes 10,000 Metre Drill Program

Mistango River Resources Inc. acquired 15% interest in Manibridge Project in Manitoba from Metal Energy Corp. for $2.25 million.

Metal Energy Corp. Reports 11 Drill Holes with Nickel over 20 Metres

Metal Energy Corp. Provides an Update on the Phase 2 10,000 Metre Drill Program on the High-Grade Nickel and Copper-Cobalt Manibridge Project in the Thompson Nickel Belt, Manitoba

Metal Energy Corp Announces Assays Confirm High-Grade Nickel in All Drill Holes from Phase One Drill Program

Metal Energy Announces 10,000 Metre Phase 2 Drill Program Started on Manibridge High-Grade Nickel Project

Metal Energy Corp. Starts 10,000 Metre Drill Program on Its Manibridge High-Grade Nickel Project

Metal Energy Corp. Receives 100,000 Metre Drill Permit for 3-Years on Manibridge Project

Metal Energy Intersects Nickel-Copper Sulphides in Every Hole on Inaugural Drill Programon its Manibridge Project

Metal Energy Corp. (TSXV:MERG) acquired a 49% stake in Manibridge Project from CanAlaska Uranium Ltd. (TSXV:CVV) for CAD 0.2 million.

Metal Energy Corp. Now Drilling on its High-Grade Nickel Manibridge Project

Metal Energy Updates on High-Grade Nickel Manibridge Project

Metal Energy Corp. Announces That Diamond Drilling Has Started on the Company's Strange Nickel Exploration Project

Metal Energy Updates on Drill Plans for First Quarter of 2022

Shareholder Returns

Price Volatility

About the Company

Metal Energy Corp. Fundamentals Summary

0.0x

-2.2x

Earnings & Revenue