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MegaWatt Lithium and Battery Metals
(MEGA)
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Rating:44Neutral
Price Target:
C$0.22
▼(-20.36% Downside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by weak financial fundamentals (pre-revenue operations, ongoing losses, and negative equity that increases financing/dilution risk), partially offset by improving cash burn. Technical indicators add downside bias (price below major moving averages, negative MACD, and low RSI), while valuation provides limited support due to a loss-making profile and no dividend.
Positive Factors
Narrowing operating losses
The substantial reduction in operating losses indicates improving cost control and a potentially more efficient exploration platform. Although profitability has not been reached, lower recurring operating losses could extend financial runway and reduce the capital required to sustain ongoing asset advancement.
Negative Factors
No operating revenue
The absence of operating revenue means the company cannot currently fund exploration and corporate costs through product sales or services. Its ability to create value therefore depends on advancing properties and securing future monetization or financing, leaving the business model structurally unproven.
Read all positive and negative factors
Positive Factors
Negative Factors
Narrowing operating losses
The substantial reduction in operating losses indicates improving cost control and a potentially more efficient exploration platform. Although profitability has not been reached, lower recurring operating losses could extend financial runway and reduce the capital required to sustain ongoing asset advancement.
Read all positive factors
MegaWatt Lithium and Battery Metals (MEGA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.42M
Dividend YieldN/A
Average Volume (3M)3.59K
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue GrowthN/A
EPS Growth92.71%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-1.02
Shares Outstanding6,170,455
10 Day Avg. Volume4,100
30 Day Avg. Volume3,589
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-1.74
Price to Sales (P/S)0.00
P/FCF Ratio-6.78
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
MegaWatt Lithium and Battery Metals Business Overview & Revenue Model
Company Description
MegaWatt Lithium and Battery Metals Corp. concentrates on obtaining, investigating, and advancing mineral sites across Canada and Australia. The company possesses full ownership of the Route 381 Lithium property, encompassing about 2,126 hectares ...
How the Company Makes Money
MegaWatt Lithium and Battery Metals does not have publicly available, company-specific information in this context that clearly documents recurring operating revenue from product sales or services. As an exploration-stage issuer, its typical econo...
MegaWatt Lithium and Battery Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very 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 | 2.75M | -418.16K | -1.98M | -508.99K | -1.72M | -2.92M |
| Net Income | -3.17M | -3.49M | -1.98M | -1.09M | -12.29M | -14.60M |
Balance Sheet | ||||||
| Total Assets | 1.23M | 1.17M | 4.28M | 1.64M | 2.86M | 14.97M |
| Cash, Cash Equivalents and Short-Term Investments | 23.43K | 522.00 | 46.43K | 36.72K | 762.79K | 495.19K |
| Total Debt | 144.26K | 142.37K | 83.88K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.64M | 1.49M | 1.12M | 477.06K | 701.64K | 148.61K |
| Stockholders Equity | -409.91K | -317.81K | 3.16M | 28.97M | 28.68M | 10.49M |
Cash Flow | ||||||
| Free Cash Flow | -95.27K | -81.80K | -946.07K | -600.59K | -1.45M | -2.49M |
| Operating Cash Flow | -95.25K | -81.80K | -946.07K | -600.59K | -1.45M | -2.17M |
| Investing Cash Flow | 84.53K | -9.11K | -72.74K | -125.49K | -137.21K | -990.45K |
| Financing Cash Flow | 12.00K | 45.00K | 1.03M | 0.00 | 1.86M | 863.61K |
MegaWatt Lithium and Battery Metals Technical Analysis
Negative
0.28
Price Trends
0.31
Negative
0.32
Negative
0.30
Negative
Market Momentum
-0.01
Negative
39.88
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEGA, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.31, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 39.88 is Neutral, 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 TSE:MEGA.
MegaWatt Lithium and Battery Metals 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% | |
51 Neutral | C$3.27M | -4.91 | -16.21% | ― | ― | 33.43% | |
44 Neutral | C$1.42M | -2.10 | 156.57% | ― | ― | 92.71% | |
43 Neutral | C$1.30M | -4.44 | 137.53% | ― | ― | 90.36% | |
42 Neutral | C$6.64M | -7.50 | 31.85% | ― | ― | 29.23% | |
41 Neutral | C$1.29M | -0.54 | 145.78% | ― | ― | 55.50% | |
40 Underperform | C$3.87M | -1.40 | -62.37% | ― | ― | 9.43% |
* Basic Materials Sector Average
TSE:MEGA
MegaWatt Lithium and Battery Metals
0.23
0.05
28.49%
TSE:GBML
Global Battery Metals
0.22
0.10
83.33%
TSE:CELL
Grid Battery Metals
0.02
-0.02
-42.86%
TSE:OWLI
One World Lithium
0.03
<0.01
50.00%
TSE:POWR
Clear Sky Lithium Corp
0.02
-0.02
-42.86%
TSE:RFLX
Freedom Battery Metals, Inc.
0.13
-0.18
-58.33%
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.