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Megado Gold Ltd.
(Sydney:MEG)
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Rating:41Neutral
Price Target:
AU$0.01
▼(-50.00% Downside)
Action:Upgraded
Date:09/22/26
The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses, and continued cash burn), with a bearish technical setup (price below key moving averages and negative MACD) reinforcing downside risk. A debt-free balance sheet and improving loss/cash outflow provide only limited support, while valuation is hindered by negative earnings and no dividend.
Positive Factors
Debt-free balance sheet
The absence of debt reduces repayment and refinancing pressure, giving Megado greater flexibility while it advances exploration. Its meaningful equity and asset base provides some financial support for ongoing activities, although this strength does not yet translate into operating returns.
Negative Factors
Pre-revenue business model
With no reported revenue, Megado has not yet demonstrated a commercial earnings engine and remains dependent on advancing exploration assets toward a value-generating stage. This creates a long path from current activity to self-funded operations and leaves results tied to future project development.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt reduces repayment and refinancing pressure, giving Megado greater flexibility while it advances exploration. Its meaningful equity and asset base provides some financial support for ongoing activities, although this strength does not yet translate into operating returns.
Read all positive factors
Megado Gold Ltd. (MEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.55M
Dividend YieldN/A
Average Volume (3M)221.41K
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue GrowthN/A
EPS Growth86.08%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding728,183,300
10 Day Avg. Volume113,016
30 Day Avg. Volume221,412
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.67
Price to Sales (P/S)0.00
P/FCF Ratio-23.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Megado Gold Ltd. Business Overview & Revenue Model
Company Description
Megado Minerals Limited is a North American-focused mineral exploration firm, specializing in the discovery of rare earth elements and lithium. Its portfolio includes complete ownership of the North Fork Rare Earth Project, encompassing 499 mining...
How the Company Makes Money
Megado Gold Ltd.’s revenue model is null. As an exploration-stage mining company, it may not generate operating revenue until it reaches a production stage or monetizes assets; however, specific, verifiable details on whether MEG earns money throu...
Megado Gold Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.47M | -1.20M | -4.14M | -1.37M | 3.70K | -1.02M |
| Net Income | -1.45M | -1.18M | -4.14M | -1.37M | -7.76M | -1.02M |
Balance Sheet | ||||||
| Total Assets | 10.36M | 10.18M | 6.81M | 9.00M | 4.92M | 7.33M |
| Cash, Cash Equivalents and Short-Term Investments | 2.03M | 2.00M | 2.12M | 1.14M | 853.12K | 1.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 230.64K | 172.11K | 106.41K | 47.37K | 244.33K | 164.62K |
| Stockholders Equity | 9.52M | 9.39M | 6.71M | 8.95M | 4.67M | 6.73M |
Cash Flow | ||||||
| Free Cash Flow | -858.61K | -668.14K | -630.02K | -2.36M | -2.69M | -3.77M |
| Operating Cash Flow | -858.61K | -668.14K | -630.02K | -874.49K | -968.31K | -1.00M |
| Investing Cash Flow | -1.59M | -375.65K | -317.33K | -1.48M | -1.68M | -2.77M |
| Financing Cash Flow | 2.23M | 924.00K | 1.92M | 2.65M | 2.26M | 0.00 |
Megado Gold Ltd. Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
<0.01
Positive
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEG, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at <0.01 is Positive, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MEG.
Megado Gold Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$20.99M | -4.42 | -13.70% | ― | ― | -85.25% | |
45 Neutral | AU$4.13M | -1.25 | -113.18% | ― | ― | 53.57% | |
44 Neutral | AU$9.53M | -11.43 | -8.38% | ― | ― | 50.00% | |
43 Neutral | AU$22.49M | -1.27 | -114.28% | ― | ― | -231.58% | |
43 Neutral | AU$7.98M | -8.75 | -5.18% | ― | ― | 44.44% | |
41 Neutral | AU$6.55M | -4.09 | -15.37% | ― | ― | 86.08% |
* Basic Materials Sector Average
AU:MEG
Megado Gold Ltd.
0.01
-0.02
-67.74%
AU:CRB
Carbine Resources Limited
0.01
0.00
0.00%
AU:MGU
Magnum Mining and Exploration Limited
―
―
―
AU:DME
Dome Gold Mines Ltd.
0.05
-0.08
-61.54%
AU:GED
Golden Deeps Limited
0.04
-0.02
-37.50%
AU:G88
Golden Mile Resources Ltd.
―
―
―
Megado Gold Ltd. Corporate Events
Megado Minerals Boosts Director Anthony Hall’s Equity and Option Holdings
Oct 12, 2026
Megado Minerals Limited has reported a change in director Anthony Hall’s indirect interests following security issues approved at an extraordinary general meeting on 9 October 2026. The update details increases in Hall-related holdings of or...
Megado Minerals Issues New Shares Under Continuous Disclosure Provisions
Oct 12, 2026
Megado Minerals Limited, an ASX‑listed mineral exploration company based in Perth and focused in part on high‑grade Iberian copper, continues to develop its project portfolio in the resources sector. The company operates within Austral...
Megado Minerals Seeks ASX Quotation for 7.5 Million New Shares
Oct 12, 2026
Megado Minerals Ltd has applied to the ASX for quotation of 7,500,000 additional ordinary fully paid shares, expanding its listed securities on the market. The new shares, issued on October 12, 2026, form part of previously announced transactions,...
Megado Minerals Issues 41.25 Million Unquoted Options
Oct 12, 2026
Megado Minerals Ltd has notified the market of the issuance of 41,250,000 unquoted options, effective 12 October 2026. The options represent additional unquoted equity securities that are not intended to be listed on the ASX, signalling an adjustm...
Megado Minerals Issues 31 Million Unlisted Employee Options
Oct 12, 2026
Megado Minerals Ltd has notified the market of the planned issue of 31 million unlisted options. These options fall under an employee incentive scheme and are not intended to be quoted on the ASX.The issuance of these unquoted options signals Mega...
Megado Minerals shareholders back capital and director option resolutions
Oct 9, 2026
Megado Minerals reported that all resolutions put to shareholders at its 9 October 2026 general meeting were passed by poll, with very high levels of support across the register. The approvals cover an Alpartir option, ratification of prior placem...
Megado Minerals Tightens Capital Base as 6 Million Options Expire Unexercised
Oct 5, 2026
Megado Minerals Ltd has notified the market of the cessation of 6,000,000 MEGAS options, which expired unexercised on October 3, 2026 at an exercise price of $0.08. The expiry without conversion reduces the number of potential shares that could be...
Megado Minerals Confirms Copper-Silver Hit in Maiden Iberian Drilling
Sep 20, 2026
Megado Minerals has reported its first assay results from maiden drilling at the Iberian Copper Project, with initial hole ET-01 intersecting shallow copper and silver mineralisation beneath historic Mina Emilia workings. The intercept of 0.55 met...
Megado Gold Releases Interim Financial Report for 30 June 2026
Sep 4, 2026
Megado Gold Ltd. has released its interim financial report for the half-year ended 30 June 2026, detailing the company’s financial performance, position, cash flows and changes in equity. The report also includes the directors’ comment...
Megado Minerals Calls General Meeting Backed by Independent Expert Report
Sep 4, 2026
Megado Minerals Limited has called a General Meeting of shareholders to be held at Bligh House in Sydney on 9 October 2026 at 10:00am AEDT. Shareholders are encouraged to attend or lodge proxy votes and are advised to seek professional guidance if...
Megado Minerals launches maiden drilling in Spain as geophysics sharpens copper-silver exploration
Jul 29, 2026
Megado Minerals has advanced its Iberian Copper Project during the June quarter, culminating in the start of a maiden diamond drilling program after the period’s end at the historic Mina Emilia copper oxide mine. The campaign, planned for up...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.