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MetalQuest Mining
(MQM)
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Rating:46Neutral
Price Target:
C$0.11
▼(-22.86% Downside)
Action:Reiterated
Date:10/24/26
The score is primarily held back by weak financial performance (pre-revenue profile, ongoing operating losses, and persistent negative operating/free cash flow) and bearish technicals (price below major moving averages and negative MACD). Valuation provides partial support due to a very low P/E, but earnings quality concerns limit how much this improves the overall score.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing and interest burden risk while preserving flexibility to fund exploration, development, or operating needs. This gives MetalQuest more room to manage volatility and allocate capital as projects advance, although cash burn remains a constraint.
Negative Factors
Pre-revenue business model
The absence of recorded revenue means MetalQuest has not yet demonstrated commercial sales or a functioning revenue engine. This keeps the business dependent on advancing mineral projects toward viability and makes future funding and execution especially important to establishing durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing and interest burden risk while preserving flexibility to fund exploration, development, or operating needs. This gives MetalQuest more room to manage volatility and allocate capital as projects advance, although cash burn remains a constraint.
Read all positive factors
MetalQuest Mining (MQM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.38M
Dividend YieldN/A
Average Volume (3M)34.56K
Price to Earnings (P/E)3.3
Beta (1Y)0.57
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees27
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.03
Shares Outstanding48,947,025
10 Day Avg. Volume29,904
30 Day Avg. Volume34,560
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.14
Price to Sales (P/S)0.00
P/FCF Ratio-10.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.09Price Target Upside678.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MetalQuest Mining Business Overview & Revenue Model
Company Description
MetalQuest Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development mineral properties in Canada. The company explores for iron, zinc, lead, copper, silver, and gold deposits. Its flagship project is the ...
MetalQuest Mining Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 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 | -4.76K |
| EBITDA | 1.44M | 1.59M | 189.78K | -676.00K | -299.24K | -299.87K |
| Net Income | 1.45M | 1.59M | -168.00K | -64.60K | -479.00K | -122.17K |
Balance Sheet | ||||||
| Total Assets | 5.23M | 5.17M | 898.66K | 843.94K | 594.56K | 1.02M |
| Cash, Cash Equivalents and Short-Term Investments | 4.07M | 4.32M | 702.18K | 724.21K | 510.96K | 1.02M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 168.84K | 291.31K | 265.89K | 98.43K | 67.57K | 23.00K |
| Stockholders Equity | 5.06M | 4.87M | 632.77K | 745.51K | 526.99K | 997.22K |
Cash Flow | ||||||
| Free Cash Flow | -1.17M | -978.29K | -181.06K | -434.24K | -358.58K | -306.87K |
| Operating Cash Flow | -969.32K | -978.29K | -181.06K | -434.24K | -292.46K | -303.83K |
| Investing Cash Flow | -374.55K | -23.82K | -21.13K | 283.54K | -66.11K | 164.06K |
| Financing Cash Flow | 2.27M | 2.44M | 0.00 | 0.00 | 0.00 | 283.75K |
MetalQuest Mining Technical Analysis
Negative
0.14
Price Trends
0.15
Negative
0.16
Negative
0.23
Negative
Market Momentum
>-0.01
Negative
44.03
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MQM, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.15, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.03 is Neutral, 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 TSE:MQM.
MetalQuest Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$13.31M | -9.05 | -28.93% | ― | ― | -317.86% | |
46 Neutral | C$5.38M | 3.27 | 35.44% | ― | ― | ― | |
45 Neutral | C$3.22M | -1.44 | -288.75% | ― | ― | 30.81% | |
40 Underperform | C$7.76M | -2.26 | -53.05% | ― | ― | 54.79% |
* General Sector Average
TSE:MQM
MetalQuest Mining
0.11
-0.06
-37.14%
TSE:BTT
Bitterroot Resources
0.11
0.02
23.53%
TSE:MUR
Murchison Minerals
0.16
-0.18
-53.03%
TSE:BAD
York Harbour Metals Inc
0.07
-0.02
-26.32%
TSE:REX
Orex Minerals
0.11
-0.07
-38.89%
MetalQuest Mining Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
MetalQuest Seeks 21-Year Lease on Historic Ontario Magnesium Mine
Positive
Oct 22, 2026
MetalQuest Mining Inc. has applied to the Province of Ontario for a 21-year mining lease covering the former Timminco/Dominion Magnesium mine near Haley Station in Renfrew County. The application, submitted under subsection 176(3) of the Ontario M...
Business Operations and Strategy
MetalQuest Advances Metallurgical Work After Second Field Program at Lac Otelnuk
Positive
Sep 2, 2026
MetalQuest Mining has completed the second phase of its field reconnaissance and core retrieval program at the Lac Otelnuk Iron and Superior Iron projects in northern Québec. The latest visit built on earlier infrastructure and camp assessmen...
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.