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Home CompaniesMetal Energy Corp

Metal Energy Corp

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.345 CAD -0.03 ( 6.76%)
Last update at 2026-11-04T16:07:00Z
VOLUME
97041
Market Cap
25.34M

Momentum Score

…

Metal Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It explores for lithium, nickel, copper, and cobalt deposits, as well as platinum group elements. The company holds interests in the Manibridge project that covers an area of approximately 4,368 hectares located in the Thompson Nickel Belt of Manitoba; and the Highland Valley Copper project situated in Southern British Columbia. It also has an option agreement to acquire 100% in the SourceRock property that covers an area of 91,477 hectares located in the Thunder Bay Nipigon area of northwestern Ontario. The company is headquartered in Toronto, Canada. Metal Energy Corp. is a subsidiary of Ore Group Inc.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.34
Low
0.38
High
52 Week Price Range
0.07
Low
1.37
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Metal Energy Corp (MERG.V) appears to be a Canadian-listed junior mineral exploration company; public disclosures are limited. Its long-term growth may depend on successful resource discovery, advancing projects through permitting and development, and favorable commodity markets, which could support asset value appreciation.

Principal risks include high exploration and development uncertainty, likely need for additional financing, and sensitivity to commodity-price swings and regulatory or permitting setbacks.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.37
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-128.71%
Net Debt
-
ROCE
-18548.46%
Diluted EPS TTM
-0.25

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -6.16M -1.67M -4.77M -3.02M
Net income -6.16M -1.67M -4.77M -3.02M
Selling general administrative 0.73M 0.76M 0.76M 2.34M
Ebitda - - -5.36M -3.02M
Operating income -6.23M -1.71M -5.36M -3.02M
Interest expense - - - 0.00M
Interest income 0.04M 0.03M - -
Net interest income 0.04M 0.03M - -
Total revenue 0.00M 0.00M 0.00M 0.00M
Total operating expenses 6.23M 1.71M 5.36M 3.02M
Total other income expense net 0.04M - 0.58M 0.00M
Net income from continuing ops -6.16M -1.67M -4.77M -3.02M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1.38M 1.84M 3.16M 7.07M
Total liab 4.52M 0.08M 0.75M 0.72M
Total stockholder equity -3.15M 1.76M 2.41M 6.34M
Other current liab 0.03M - - 0.58M
Capital stock 9.84M 8.86M 8.13M 7.34M
Retained earnings -15.62M -9.47M -7.79M -3.02M
Cash 1.30M 1.74M 2.78M 7.01M
Total current liabilities 1.34M 0.08M 0.73M 0.72M
Total current assets 1.38M 1.84M 3.16M 7.07M
Net receivables 0.04M 0.04M 0.34M -
Accounts payable 0.42M 0.08M 0.73M 0.14M
Non current assets total 0.00M 0.00M 0.00M 0.00M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - - 0.00M 0.18M
Total cash from financing activities 0.96M 0.57M 0.00M 7.35M
Net income -6.16M -1.67M -4.77M -3.02M
Change in cash -0.44M -1.04M -4.24M 7.01M
Begin period cash flow 1.74M 2.78M 7.01M 0.00M
End period cash flow 1.30M 1.74M 2.78M 7.01M
Total cash from operating activities -1.40M -1.61M -4.24M -0.51M
Issuance of capital stock 0.96M 0.59M 0.00M 7.48M
Capital expenditures 0.00M 0.00M 0.00M 0.00M
Change in working capital 0.37M -0.37M 0.28M 0.09M
Stock based compensation 0.10M 0.09M 0.04M 1.48M
Other non cash items 4.29M 0.34M 0.21M 0.94M
Free cash flow -1.40M -1.61M -4.24M -0.51M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
MERG
Metal Energy Corp		 -0.03
6.76%		 0.34 - - - 1.80 -0.53
SGML
Sigma Lithium Resources Corp		 -0.23
2.94%		 7.58 - 23.09 29.72 42.12 32.66
AFM
Alphamin Res		 0.02
1.60%		 1.27 8.44 9.43 2.78 3.33 3.85
SLI
Standard Lithium Ltd		 0.05
2.62%		 1.96 - - 79.52 2.40 5.29
FWZ
Fireweed Zinc Ltd		 -0.05
2.08%		 2.35 - 1250.00 - 26.07 -7.01

Profile*

Metal Energy Corp

Metal Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It explores for lithium, nickel, copper, and cobalt deposits, as well as platinum group elements. The company holds interests in the Manibridge project that covers an area of approximately 4,368 hectares located in the Thompson Nickel Belt of Manitoba; and the Highland Valley Copper project situated in Southern British Columbia. It also has an option agreement to acquire 100% in the SourceRock property that covers an area of 91,477 hectares located in the Thunder Bay Nipigon area of northwestern Ontario. The company is headquartered in Toronto, Canada. Metal Energy Corp. is a subsidiary of Ore Group Inc.

141 Adelaide Street West, Toronto, ON, Canada, M5H 3L5

416 644 1567

https://metalenergy.ca

Name Title Year Born
Mr. James Christopher-Petterson Sykes B.Sc. Chief Exec. Officer 1981
Mr. Joel Friedman C.A., CPA Chief Financial Officer NA
Mr. Mike Sweeny VP of Exploration NA
Mr. Stephen Alexander-Nelson Stewart B.A., M.B.A., M.Sc., MBA, MSRE Executive Chairman 1980
Mr. James Christopher-Petterson Sykes B.Sc. Chief Executive Officer 1981
Mr. Mike Sweeny Vice President of Exploration NA
Mr. Stephen Alexander-Nelson Stewart B.A., M.B.A., M.Sc., MSRE Executive Chairman 1980
Mr. Charles James Greig M.Sc., P. Geo, P.Geo. Chief Executive Officer NA
Mr. Charles James Greig M.Sc., P.Geo. Chief Executive Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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