Meeka Metals (DB:1KX0) - Stock Price, News & Analysis

1KX0 Stock Overview

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

1KX0 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 92.8% below our estimate of its fair value

Earnings are forecast to grow 49.75% per year

Risk Analysis

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

Shareholders have been substantially diluted in the past year

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

Meeka Metals Limited Competitors

Pearl Gold

DB:02P

€9.8m

Greenland Resources

DB:M0LY

€59.8m

Eisen- und Hüttenwerke

DB:EIS

€202.4m

BRAIN Biotech

XTRA:BNN

€68.8m

Price History & Performance

Summary of all time highs, changes and price drops for Meeka Metals
Historical stock prices
Current Share Price	AU$0.041
52 Week High	AU$0.056
52 Week Low	AU$0.013
Beta	0.71
11 Month Change	-4.65%
3 Month Change	34.43%
1 Year Change	127.78%
33 Year Change	70.83%
5 Year Change	720.00%
Change since IPO	192.86%

Recent updates

Shareholder Returns

	1KX0	DE Metals and Mining	DE Market
7D	13.9%	2.9%	-0.02%
1Y	127.8%	-27.2%	8.2%

Return vs Industry: 1KX0 exceeded the German Metals and Mining industry which returned -27% over the past year.

Return vs Market: 1KX0 exceeded the German Market which returned 7.4% over the past year.

Price Volatility

Is 1KX0's price volatile compared to industry and market?
1KX0 volatility
1KX0 Average Weekly Movement	16.7%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 1KX0's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 1KX0's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of German stocks.

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?
1KX0 fundamental statistics
Market cap	€105.46m
Earnings (TTM)	-€1.84m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-57.4x

P/E Ratio

Is 1KX0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1KX0 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 1KX0 perform over the long term?

See historical performance and comparison

1KX0 Stock Overview

Rewards

Risk Analysis

Meeka Metals Limited Competitors

DB:02P

€9.8m

DB:M0LY

€59.8m

DB:EIS

€202.4m

XTRA:BNN

€68.8m

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

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

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

Meeka Metals Limited Appoints Tony Brazier as Its Chief Financial Officer

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 €347k 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

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

Latitude Consolidated Limited (ASX:LCD) entered into an agreement to acquire Skye Gold Project from Resource Holdings Pty Ltd.

Shareholder Returns