Metals Creek Resources (MEK) AI Stock Analysis

• Market Cap: C$5.61M
• Dividend Yield: N/A
• Average Volume (3M): 62.77K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.02
• Revenue Growth: N/A
• EPS Growth: 95.05%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 186,841,870
• 10 Day Avg. Volume: 23,236
• 30 Day Avg. Volume: 62,766
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

The company's financial performance is weak due to lack of revenue and profitability, which heavily impacts its overall score. Technical indicators suggest a neutral to slightly negative sentiment, while valuation metrics are unfavorable. The stock is at risk due to ongoing financial challenges and lack of growth prospects.

Metals Creek Resources Business Overview & Revenue Model

Company Description

Metals Creek Resources (MEK) is a junior exploration company focused on the acquisition, exploration, and development of mineral resource properties, primarily targeting precious and base metals. The company operates in the mining sector, with a focus on identifying and advancing opportunities in Canada, known for its rich mineral reserves.

How the Company Makes Money

Metals Creek Resources generates revenue primarily through the exploration and development of its mineral properties, which may lead to the discovery of economically viable mineral deposits. The company seeks to monetize these assets through joint ventures with larger mining companies, selling or leasing exploration rights, or developing the mines to produce and sell minerals themselves. These partnerships often involve larger companies funding the exploration in exchange for a stake in the project, which mitigates financial risk for Metals Creek. Additionally, the company may raise capital through equity financing to fund its exploration activities.

Metals Creek Resources Financial Statement Overview

Summary

Metals Creek Resources faces financial challenges with no revenue and ongoing losses. Despite a strong equity base, the lack of profitability and negative cash flows indicate sustainability issues.

Income Statement

The company has consistently reported no revenue, leading to negative margins across all periods. Net Income and EBIT have been negative, indicating ongoing operational challenges.

Balance Sheet

The balance sheet shows a strong equity position with negligible debt, resulting in a debt-to-equity ratio of zero. However, the company is not generating profits, impacting ROE negatively.

Cash Flow

Operating and free cash flows have been persistently negative, reflecting cash flow challenges. The company relies heavily on financing activities to sustain operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-23.71K	-27.82K	-33.31K	-26.83K	-13.01K	-20.85K
	EBIT
-447.84K	-550.29K	4.28M	-1.62M	-1.72M	-761.46K
	EBITDA
-434.37K	-562.91K	-6.22M	-1.06M	590.69K	-606.06K
	Net Income Common Stockholders
-310.58K	-921.67K	-5.93M	-326.99K	636.16K	-610.86K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.15M	144.06K	778.40K	1.59M	973.70K	455.28K
	Total Assets
7.97M	9.02M	9.47M	15.18M	9.48M	7.55M
	Total Debt
0.00	10.22K	22.40K	34.31K	44.94K	2.27K
	Net Debt
-545.30K	-133.84K	-466.73K	68.61K	-160.49K	-47.37K
	Total Liabilities
203.56K	143.38K	204.06K	829.17K	147.34K	119.26K
	Stockholders Equity
7.77M	8.88M	9.26M	14.35M	9.33M	7.43M
Cash Flow		Free Cash Flow
-831.69K	-895.46K	-3.14M	-3.84M	-1.33M	-977.03K
	Operating Cash Flow
-409.12K	-584.50K	-831.60K	-468.87K	-318.60K	-683.50K
	Investing Cash Flow
-191.57K	-151.40K	-2.13M	-3.24M	-236.68K	-168.99K
	Financing Cash Flow
502.81K	555.86K	2.36M	4.23M	1.01M	423.83K

Metals Creek Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEK, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 79.44 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MEK.

Metals Creek Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTO	54 Neutral	$5.47B	―	-18.54%	5.63%	-4.17%	-318.18%
Sector *	47 Neutral	$2.65B	-3.07	-22.25%	3.27%	3.70%	-29.53%
SGC	46 Neutral	$8.30M	―	-156.70%	―	―	82.35%
NXS	39 Underperform	C$480.72K	―	55.15%	―	―	85.28%
MEK	39 Underperform	C$5.61M	―	-3.60%	―	―	95.05%
FPC	30 Underperform	C$65.39M	―	-7.12%	―	―	-9.60%

Metals Creek Resources Corporate Events

Metals Creek Resources Transfers Yellow Fox Property to Lomiko Metals

Metals Creek Resources has entered into an agreement with Lomiko Metals, allowing Lomiko to acquire a 100% interest in the Yellow Fox Property, comprising 28 mineral claims in Newfoundland. This transaction enables Metals Creek to concentrate on its flagship projects while maintaining a 2% NSR and shareholdings in Lomiko, thus retaining potential benefits from Lomiko’s success in the Yellow Fox project.

Metals Creek Updates on Tillex Copper Project

Metals Creek Resources has completed its diamond drilling program at the Tillex Copper Project, aiming to enhance the geological model with chalcopyrite mineralization findings. Despite challenges with wet ground conditions, the program shows promising visual results, and further drilling is planned for winter. The company is encouraged by these findings and awaits laboratory results for further insights.

Metals Creek Resources Secures $425,750 for Exploration

Metals Creek Resources Corp. has successfully closed a private placement financing, raising $425,750 through the issuance of flow-through units. The funds will be directed towards drilling at their Tillex Copper Project and Shabaqua Corners Gold Property, aiming to capitalize on exploration opportunities.

Metals Creek Begins Drilling at Tillex Copper Project

Metals Creek Resources has begun diamond drilling at the Tillex Copper Project in Ontario, aiming to further explore and define the copper mineralization. Recent drilling results have shown promising copper and silver grades, highlighting the potential of the site. The project continues to attract interest with its historic resource estimates, although these figures are not compliant with current industry standards.

Metals Creek Resources Boosts Exploration with New Funding

Metals Creek Resources has successfully closed the first tranche of its flow-through private placement financing, raising over $303,000 to fund exploration projects, including the Tillex Copper Project. The company has secured a diamond drill for the next drilling phase to explore and define mineralization in the Tillex Copper Project. The financing move is expected to boost the company’s exploration efforts and potentially enhance its stock value.

Metals Creek Resources Announces Private Placement Plan

Metals Creek Resources Corp. plans a non-brokered private placement to raise up to $800,000 through flow-through and non flow-through units. The funds will support exploration projects, including the Tillex Copper Project and Ogden Gold Property. This initiative is pending approval from the TSX Venture Exchange.