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Meteoric Resources NL (MEI) AI Stock Analysis
Meteoric Resources NL
(ASX:MEI)
The score is held down primarily by weak financial performance—large ongoing losses, inconsistent revenue, and sustained cash burn—despite a low-debt balance sheet. Technicals provide a partial offset with the stock trading above major moving averages, though RSI near 70 suggests momentum may be close to overextended. Valuation is constrained by negative earnings (negative P/E) and no indicated dividend yield.
Meteoric Resources NL (MEI) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 640.26M
- Dividend Yield
- ―
- Average Volume (3M)
- 16.99M
- Price to Earnings (P/E)
- -19.5
- Beta (1Y)
- 2.50
- Revenue Growth
- ―
- EPS Growth
- 40.63%
- Country
- Australia
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Meteoric Resources NL Business Overview & Revenue Model
Company Description
Meteoric Resources NL is an exploration firm actively identifying mineral deposits across Brazil, Canada, Western Australia, and the Northern Territory. Their search targets valuable commodities such as gold, copper, cobalt, diamonds, and silver. The...
How the Company Makes Money
Meteoric Resources NL’s business model is primarily that of an exploration-stage mining company rather than an operating producer. As a result, the company generally does not generate recurring revenue from product sales unless and until a project re...
Meteoric Resources NL Financial Statement Overview
Summary
Financials are dominated by very weak profitability and cash generation: recurring large net losses (e.g., -27.8M in FY2025; -36.5M in FY2025-06), inconsistent/near-zero revenue (FY2025 revenue 0; FY2025-06 revenue 4.65M) and deeply negative margins. Cash flow is consistently negative with material free cash flow burn (FY2025 FCF -18.4M). The main offset is a relatively strong balance sheet with very low leverage (debt-to-equity ~0.4% to ~3.8%), reducing solvency risk.
Income Statement
14Very NegativeBalance Sheet
62PositiveCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.30K | 0 | 4.65M | 553.60K | 0 | 0 |
| Gross Profit | -3,250 | -332.95K | 4.65M | 553.60K | -19.73K | -21.84K |
| EBITDA | -40.92M | -28.47M | -36.12M | -44.52M | -37.75M | -3.15M |
| Net Income | -36.47M | -27.85M | -36.47M | -16.37M | -40.81M | -5.56M |
Balance Sheet | ||||||
| Total Assets | 17.01M | 60.31M | 17.01M | 16.47M | 18.09M | 2.12M |
| Cash, Cash Equivalents and Short-Term Investments | 10.97M | 32.39M | 10.97M | 13.87M | 17.29M | 1.55M |
| Total Debt | 322.93K | 227.43K | 322.93K | 549.14K | 1.75M | 0 |
| Total Liabilities | 8.58M | 6.46M | 8.58M | 8.16M | 2.21M | 425.66K |
| Stockholders Equity | 8.43M | 53.85M | 8.43M | 8.31M | 15.88M | 1.70M |
Cash Flow | ||||||
| Free Cash Flow | -33.26M | -18.44M | -33.26M | -35.08M | -16.47M | -5.03M |
| Operating Cash Flow | -32.09M | -13.38M | -32.09M | -33.86M | -16.45M | -5.02M |
| Investing Cash Flow | -170.02K | -5.06M | -170.02K | 26.52M | 3.86M | -7,585 |
| Financing Cash Flow | 29.33M | 39.89M | 29.33M | 5.24M | 28.33M | 2.61M |
Meteoric Resources NL Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEI, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.21, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 49.88 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MEI.
Meteoric Resources NL Peers Comparison
Overall Rating
- AU:MEI50Neutral
AU:INR45Neutral
AU:SGQ42Neutral
AU:CHN40Underperform
AU:SYR40Underperform
AU:GLN38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:MEI | 50Neutral | AUD 640.26M | -19.47 | -51.71% | ― | ― | 40.63% |
| AU:INR | 45Neutral | AUD 324.23M | -14.21 | -3.66% | ― | ― | 30.16% |
| AU:SGQ | 42Neutral | AUD 249.17M | -4.21 | -38.44% | ― | ― | -85.29% |
| AU:CHN | 40Underperform | AUD 358.95M | -13.69 | -22.65% | ― | ― | -8.20% |
| AU:SYR | 40Underperform | AUD 150.93M | -0.49 | -46.99% | ― | 234.01% | 8.57% |
| AU:GLN | 38Underperform | AUD 273.51M | -9.77 | -10.92% | ― | ― | -69.23% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:MEI | Meteoric Resources NL | 0.22 | 0.02 | 12.82% | |
| AU:SYR | Syrah Resources Limited | 0.07 | -0.22 | -77.59% | |
| AU:CHN | Chalice Mining Limited | 0.92 | -1.02 | -52.45% | |
| AU:INR | ioneer Limited | 0.10 | -0.07 | -41.67% | |
| AU:SGQ | St. George Mining Ltd. | 0.05 | -0.05 | -49.52% | |
| AU:GLN | Galan Lithium Limited | 0.21 | 0.07 | 43.33% |
Meteoric Resources NL Corporate Events
Meteoric Issues Shares and Confirms Compliance in Cleansing Notice
Meteoric Resources Limited is an Australian-listed mineral exploration company focused on developing resource projects, with its ordinary shares traded on the ASX under the ticker MEI. The company operates within the mining and exploration sector and...
Meteoric Resources Issues New Shares as Short-Term Management Incentives
Meteoric Resources Limited has applied to the ASX for quotation of 3,655,671 new ordinary fully paid shares. These securities are being issued as short-term incentive payments to members of management, effectively converting part of their remuneratio...
Lynas moves to acquire Meteoric Resources in A$968m rare earths deal
Lynas Rare Earths has agreed to acquire 100% of Meteoric Resources via a court-approved scheme of arrangement, offering an all-share deal valuing Meteoric at about A$968m and delivering premiums of more than 50% to recent trading benchmarks. The tran...
Meteoric Resources Flags Interim 2026 Position and Cross-Border Operations
Meteoric Resources Ltd has released its interim financial report for the half-year ended 30 June 2026, accompanied by updated corporate directory information. The document outlines the company’s current leadership, including an executive chairm...
Meteoric Resources adds OTCQB listing to widen access for U.S. and Brazilian investors
Meteoric Resources has secured approval for its ordinary shares to begin trading on the U.S. OTCQB Venture Market under the ticker METOF, adding a secondary listing alongside its primary ASX quotation. The move is designed to broaden access for U.S....
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.
Date of analysis: Oct 02, 2026