MEG
MEG FPO [MEG]
Basic Materials · ASX Small Cap
$0.0300 -9.1%
Updated 2026-03-02 · Scores refresh every scan
Appeared in 4 consecutive scans→ Score +1First seen: 2026-02-25
Score Breakdown
Technical33
Catalyst39
Sentiment50
Fundamental62
Momentum75
Risk Gate35
Active Signals
Bullish Signals
- Sustained volume spike (8.7x median) on DOWN trend
- OBV divergence: distribution detected
- Volatility expanding rapidly (choppy)
- Above 200-day MA (long-term uptrend)
- Strong cash runway (14 quarters)
- 4C filed 2026-01-27
- Very high P/S ratio (3488.5x)
- Moderate revenue growth (+5%)
- Small-cap ($20-100M)
- Capital raise activity (1 events)
- Strong 12-1 momentum (+191%)
- Excellent risk-adjusted momentum (Sharpe 1.6)
- Altman Z-Score in grey zone (1.82)
- Low-priced stock risk ($0.033)
- ASX200 bullish (+1.5% 5d)
- AUD/USD strong (-2pts)
- RBA cutting (+2pts)
- Geo stress elevated (-1pts, hurt)
Risk Signals
- Price below MAs (downtrend)
- Insufficient sentiment data (defaulting to neutral)
- Neutral/mixed sentiment
Recent Catalysts
NONE Proposed issue of securities - MEG
NONE MEG Secures Option to Acquire Silver-Copper Project
NONE Iberian Copper Project Investigation Permits Awarded
NEGATIVE Trading Halt
Announcement tone +3pts
Recent ASX Announcements
| 2026-03-01 | Proposed issue of securities - MEG |
| 2026-03-01 | MEG Secures Option to Acquire Silver-Copper Project PRICE SENSITIVE |
| 2026-02-25 | Trading Halt PRICE SENSITIVE |
| 2026-02-08 | Iberian Copper Project Investigation Permits Awarded PRICE SENSITIVE |
| 2026-01-27 | Quarterly Activities Report & Appendix 5B PRICE SENSITIVE |
Key Metrics
$21.3M
Market Cap
662K
Avg Volume
8.7x
Vol Ratio
$0.01 — $0.05
52-Week Range
N/A
Short Interest
14 qtrs
Cash Runway
-49.3%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | neutral | Float: 68% |
| L | Leader vs Laggard | pass | RS: 3 |
| I | Institutional Sponsorship | weak | Inst: 6% |
| M | Market Direction | pass | Bullish |
Sector: Basic Materials
Ranked #502 of 570 · Sector avg: 49
View all Basic Materials signals →