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Metal Energy Corp (MERG) AI Stock Analysis
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Metal Energy Corp
(TSXV:MERG)
The score is driven primarily by weak financial performance (pre-revenue, recurring losses, and negative free cash flow) alongside a bearish technical trend (price below all key moving averages and negative MACD). Low debt provides some support, but valuation is difficult to justify with ongoing losses and no dividend.
Metal Energy Corp (MERG) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 19.47M
- Dividend Yield
- ―
- Average Volume (3M)
- 100.52K
- Price to Earnings (P/E)
- -6.3
- Beta (1Y)
- 2.05
- Revenue Growth
- ―
- EPS Growth
- 69.40%
- Country
- Canada
- Employees
- 0
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial Materials
Metal Energy Corp Business Overview & Revenue Model
Company Description
Based in Toronto, Canada, Metal Energy Corp. is a company dedicated to the exploration, acquisition, and eventual extraction of mineral properties across Canada. Their primary focus lies in identifying deposits rich in nickel, copper, and platinum gr...
Metal Energy Corp Financial Statement Overview
Summary
Overall fundamentals are weak: the company is pre-revenue with recurring operating losses and consistently negative operating/free cash flow, implying ongoing reliance on external financing. The main offset is low reported leverage (minimal debt), but equity/assets have been volatile (including a period of negative equity), keeping financial risk elevated.
Income Statement
9Very NegativeBalance Sheet
38NegativeCash Flow
18Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -2.96M | -2.07M | -90.35K | -136.20K | -4.77M | -3.02M |
| Net Income | -2.97M | -2.10M | -6.16M | -1.67M | -4.77M | -3.02M |
Balance Sheet | ||||||
| Total Assets | 9.58M | 9.80M | 1.38M | 1.84M | 3.16M | 7.07M |
| Cash, Cash Equivalents and Short-Term Investments | 8.80M | 9.66M | 1.30M | 1.74M | 2.78M | 7.01M |
| Total Debt | 0 | 0 | 496 | 0 | 26.01K | 0 |
| Total Liabilities | 7.69M | 7.36M | 4.52M | 84.17K | 754.18K | 723.49K |
| Stockholders Equity | 1.88M | 2.44M | -3.15M | 1.76M | 2.41M | 6.34M |
Cash Flow | ||||||
| Free Cash Flow | -1.88M | -891.34K | -1.40M | -1.61M | -4.24M | -510.74K |
| Operating Cash Flow | -1.88M | -891.34K | -1.40M | -1.61M | -4.24M | -510.74K |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 | 177.39K |
| Financing Cash Flow | 10.02M | 9.26M | 964.65K | 568.25K | 26.01K | 7.35M |
Metal Energy Corp Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MERG, the sentiment is Neutral. The current price of 0.40 is above the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.66, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 41.80 is Neutral, neither overbought nor oversold. The STOCH value of 54.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MERG.
Metal Energy Corp Peers Comparison
Overall Rating
TSE:STS55Neutral
TSE:LIT43Neutral
TSE:NICO43Neutral
TSE:LBNK40Underperform- TSE:MERG39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:STS | 55Neutral | CAD 31.22M | -3.80 | -55.00% | ― | ― | ― |
| TSE:LIT | 43Neutral | CAD 10.97M | -0.42 | -66.28% | ― | ― | -10.86% |
| TSE:NICO | 43Neutral | CAD 24.38M | -18.75 | 45.30% | ― | ― | 45.30% |
| TSE:LBNK | 40Underperform | CAD 28.45M | -6.30 | -71.25% | ― | ― | 74.25% |
| TSE:MERG | 39Underperform | CAD 19.47M | -6.34 | -368.32% | ― | ― | 69.40% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:MERG | Metal Energy Corp | 0.40 | -0.04 | -9.09% | |
| TSE:LIT | Argentina Lithium & Energy | 0.06 | -0.05 | -45.22% | |
| TSE:STS | South Star Battery Metals Corp | 0.22 | 0.04 | 22.22% | |
| TSE:NICO | Class 1 Nickel & Technologies Ltd. | 0.12 | 0.07 | 166.67% | |
| TSE:LBNK | LithiumBank Resources Corp. | 0.45 | 0.07 | 17.11% |
Metal Energy Corp Corporate Events
Metal Energy Doubles Drilling Capacity at NIV Copper-Gold Project
PositiveMetal Energy Corp. has mobilized a second diamond drill rig at its NIV copper-gold project in British Columbia’s Toodoggone District, doubling drilling capacity for the remaining weeks of the 2026 season. The company has already completed six h...
Metal Energy Confirms Fatal Roadway Impact After Emergency Aircraft Landing
NegativeMetal Energy Corp. reported that two members of its exploration team were aboard a charter aircraft that made an emergency landing near Prince George, British Columbia, on August 20, 2026. While all passengers and crew, including Metal Energy employe...
Metal Energy Secures Additional Strategic Funding From Teck and Centerra
PositiveMetal Energy Corp. has closed an additional C$490,000 equity investment from strategic shareholders Teck Resources and Centerra Gold, who exercised top-up rights to maintain their 9.9% stakes. The financing, comprising 550,000 new common shares at C$...
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 27, 2026