Metal Energy Corp.
TSXV:MERG Stock Report
Metal Energy Balance Sheet Health
Financial Health criteria checks 3/6 Metal Energy has a total shareholder equity of CA$889.1K and total debt of CA$3.3K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CA$940.1K and CA$51.0K respectively.
Key information Interest coverage ratio n/a Cash CA$882.18k Equity CA$889.12k Total liabilities CA$50.96k Total assets CA$940.08k
Recent financial health updates
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Metal Energy Corp. (TSXV:MERG) completed the acquisition of Highland Valley Project Located in Southern British Columbia from Happy Creek Minerals Ltd. (TSXV:HPY). Nov 08
Executive Chairman recently bought CA$60k worth of stock Oct 15
Metal Energy Corp., Annual General Meeting, Jun 27, 2024 Apr 20
Metal Energy Corp. Starts Drilling At Sourcerock Lithium Brine Project Jan 18
Metal Energy Corp. Receives $200,000 from the Ontario Junior Exploration Program to Advance Sourcerock Jan 05
High number of new and inexperienced directors Dec 31 Metal Energy Corp. announced that it has received CAD 0.64 million in funding Dec 20
Metal Energy Corp. announced that it expects to receive CAD 0.63 million in funding Dec 13 Metal Energy Corp. announced that it expects to receive CAD 0.63 million in funding Dec 12
Metal Energy Corp., Annual General Meeting, Sep 14, 2023 Jul 07
Metal Energy Corp., Annual General Meeting, Aug 10, 2023 May 20
Metal Energy Continues Drilling Broad High- Grade Nickel Intersections Including 68.55 M of 0.82% Nieq At Manibridge Project Feb 15
Metal Energy Corp. Drills Three Holes with Broad Nickel Intersections Including 85.3 m of 0.67% NiEq At Manibridge Project Jan 24
Metal Energy Corp. Reports 5 Drill Holes Intersecting Shallow High-Grade Nickel Mineralization At Manibridge Project Jan 12
Metal Energy Completes 10,000 Metre Drill Program Jan 05
Mistango River Resources Inc. acquired 15% interest in Manibridge Project in Manitoba from Metal Energy Corp. for $2.25 million. Dec 31
Metal Energy Corp. Reports 11 Drill Holes with Nickel over 20 Metres Nov 29
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 Nov 08
Metal Energy Corp Announces Assays Confirm High-Grade Nickel in All Drill Holes from Phase One Drill Program Aug 04
Metal Energy Announces 10,000 Metre Phase 2 Drill Program Started on Manibridge High-Grade Nickel Project Jun 09
Metal Energy Corp. Starts 10,000 Metre Drill Program on Its Manibridge High-Grade Nickel Project Jun 08
Metal Energy Corp. Receives 100,000 Metre Drill Permit for 3-Years on Manibridge Project May 18
Metal Energy Intersects Nickel-Copper Sulphides in Every Hole on Inaugural Drill Programon its Manibridge Project May 04
Metal Energy Corp. (TSXV:MERG) acquired a 49% stake in Manibridge Project from CanAlaska Uranium Ltd. (TSXV:CVV) for CAD 0.2 million. Mar 30 Metal Energy Corp. Now Drilling on its High-Grade Nickel Manibridge Project Mar 10
Metal Energy Updates on High-Grade Nickel Manibridge Project Feb 09
Metal Energy Corp. Announces That Diamond Drilling Has Started on the Company's Strange Nickel Exploration Project Jan 25
Metal Energy Updates on Drill Plans for First Quarter of 2022 Jan 19
Financial Position Analysis
Short Term Liabilities: MERG's short term assets (CA$940.1K) exceed its short term liabilities (CA$51.0K).
Long Term Liabilities: MERG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MERG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MERG's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MERG has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: MERG has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.9% each year.
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