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MetalQuest Mining
(MQM)
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Rating:51Neutral
Price Target:
C$0.18
▲(25.71% Upside)
Action:Reiterated
Date:09/12/26
The score is held back primarily by weak financial performance: no revenue, ongoing operating losses, and persistent negative free cash flow that increases funding/dilution risk despite zero debt. Technicals provide some near-term support with modest positive momentum, while valuation looks optically low on P/E but is less dependable given earnings quality concerns.
Positive Factors
Debt-free balance sheet
Zero reported debt reduces refinancing pressure, interest obligations, and financial leverage risk. This gives MetalQuest greater flexibility to manage its development-stage business and preserves the option to raise capital without first servicing a significant existing debt burden.
Negative Factors
No revenue and operating losses
The absence of revenue and recurring negative operating results show that MetalQuest has not yet established a sales-generating business. This limits earnings visibility, weakens internal funding capacity, and leaves future value dependent on successful development or exploration progress.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt reduces refinancing pressure, interest obligations, and financial leverage risk. This gives MetalQuest greater flexibility to manage its development-stage business and preserves the option to raise capital without first servicing a significant existing debt burden.
Read all positive factors
MetalQuest Mining (MQM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$10.27M
Dividend YieldN/A
Average Volume (3M)16.01K
Price to Earnings (P/E)5.1
Beta (1Y)0.51
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees27
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.03
Shares Outstanding48,919,525
10 Day Avg. Volume6,429
30 Day Avg. Volume16,009
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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
24
Negative
Balance Sheet
63
Positive
Cash Flow
18
Very 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 | 1.57M | 1.59M | -168.00K | -676.00K | -299.00K | -299.87K |
| Net Income | 1.57M | 1.59M | -168.00K | -64.60K | -479.00K | -122.17K |
Balance Sheet | ||||||
| Total Assets | 5.42M | 5.17M | 898.66K | 843.94K | 594.56K | 1.02M |
| Cash, Cash Equivalents and Short-Term Investments | 4.49M | 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 | 139.10K | 291.31K | 265.89K | 98.43K | 67.57K | 23.00K |
| Stockholders Equity | 5.28M | 4.87M | 632.77K | 745.51K | 526.99K | 997.22K |
Cash Flow | ||||||
| Free Cash Flow | -1.14M | -978.29K | -181.06K | -434.24K | -358.58K | -306.87K |
| Operating Cash Flow | -1.11M | -978.29K | -181.06K | -434.24K | -292.46K | -303.83K |
| Investing Cash Flow | -160.68K | -23.82K | -21.13K | 283.54K | -66.11K | 164.06K |
| Financing Cash Flow | 2.70M | 2.44M | 0.00 | 0.00 | 0.00 | 283.75K |
MetalQuest Mining Technical Analysis
Positive
0.14
Price Trends
0.17
Positive
0.21
Positive
0.25
Negative
Market Momentum
<0.01
Negative
62.02
Neutral
84.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MQM, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.02 is Neutral, neither overbought nor oversold. The STOCH value of 84.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
52 Neutral | C$10.77M | -30.77 | -5.90% | ― | ― | -22.73% | |
51 Neutral | C$10.27M | 5.15 | 51.24% | ― | ― | ― | |
48 Neutral | C$15.88M | -4.62 | -53.05% | ― | ― | 54.79% | |
48 Neutral | C$10.01M | -1.80 | -32.56% | ― | ― | -106.55% | |
42 Neutral | C$3.95M | -1.48 | -288.75% | ― | ― | 30.81% |
* General Sector Average
TSE:MQM
MetalQuest Mining
0.18
0.08
94.44%
TSE:BTT
Bitterroot Resources
0.08
<0.01
14.29%
TSE:MUR
Murchison Minerals
0.16
-0.20
-55.56%
TSE:BAD
York Harbour Metals Inc
0.11
<0.01
10.53%
TSE:REX
Orex Minerals
0.23
-0.01
-6.25%
TSE:LMR
Lomiko Metals
0.13
0.03
27.55%
MetalQuest Mining Corporate Events
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.