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Megado Gold Ltd.
(Sydney:MEG)
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Rating:40Underperform
Price Target:
AU$0.01
▼(-35.00% Downside)
Action:Downgraded
Date:09/09/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and continued negative operating/free cash flow). Technical signals also point to a pronounced downtrend (below major moving averages with negative MACD). The debt-free balance sheet and improving loss/cash-burn trend provide some support but are not enough to offset the current high-risk, pre-revenue profile.
Positive Factors
Debt-free balance sheet
The absence of debt lowers refinancing and interest-burden risk while preserving flexibility to fund exploration and manage setbacks. The meaningful equity and asset base provides a solvency cushion, although it has not yet translated into positive returns.
Negative Factors
Pre-revenue business model
Without operating revenue, Megado lacks a demonstrated commercial earnings base and must depend on exploration outcomes or future asset monetization to create value. This makes financial performance highly dependent on reaching a production or transaction stage.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt lowers refinancing and interest-burden risk while preserving flexibility to fund exploration and manage setbacks. The meaningful equity and asset base provides a solvency cushion, although it has not yet translated into positive returns.
Read all positive factors
Megado Gold Ltd. (MEG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.09M
Dividend YieldN/A
Average Volume (3M)104.19K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS Growth86.08%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding720,683,300
10 Day Avg. Volume957
30 Day Avg. Volume104,190
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 | -7.76M | -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
Positive
<0.01
Positive
77.78
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 0.02, 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 Positive momentum. The RSI at <0.01 is Positive, neither overbought nor oversold. The STOCH value of 77.78 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% | |
43 Neutral | AU$8.34M | -8.89 | -7.46% | ― | ― | 47.06% | |
43 Neutral | AU$22.49M | -0.90 | -83.29% | ― | ― | -294.12% | |
43 Neutral | AU$12.77M | -8.73 | -7.48% | ― | ― | 23.81% | |
40 Underperform | AU$10.09M | -6.36 | -15.37% | ― | ― | 86.08% | |
37 Underperform | AU$5.97M | -0.89 | -178.26% | ― | ― | -111.36% |
* Basic Materials Sector Average
AU:MEG
Megado Gold Ltd.
0.01
-0.01
-44.00%
AU:CRB
Carbine Resources Limited
0.01
0.00
0.00%
AU:MGU
Magnum Mining and Exploration Limited
0.01
0.00
0.00%
AU:DME
Dome Gold Mines Ltd.
0.05
-0.12
-71.43%
AU:GED
Golden Deeps Limited
0.06
>-0.01
-11.29%
AU:G88
Golden Mile Resources Ltd.
0.01
0.00
0.00%
Megado Gold Ltd. Corporate Events
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...
Megado Minerals Advances Exploration at Spanish Alpartir Silver‑Copper‑Antimony Project
Jul 21, 2026
Megado Minerals has reported progress at its Alpartir silver‑copper‑antimony project in northern Spain, where it holds an option to acquire an 80% interest subject to shareholder approval. The company has identified priority target are...
Megado Minerals Flags Large Copper-Silver Exploration Play Amid High Risk Profile
Jul 21, 2026
Megado Minerals Ltd., trading as ASX.MEG, operates in the critical minerals exploration sector with a focus on copper and silver. The company is pursuing high-grade opportunities along a 185-kilometre copper belt and a 36-kilometre silver vein sys...
Megado Minerals launches maiden drilling at Iberian Copper Project in Spain
Jul 14, 2026
Megado Minerals has begun its maiden diamond drilling program at the Iberian Copper Project in northern Spain, aiming to test depth and strike extensions at the historic Mina Emilia copper oxide mine. The campaign, planned for up to nine holes tot...
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.