MEG

MEG FPO [MEG]
Megado Minerals Limited operates as a mineral exploration company in Australia, the United States, Canada, and Ethiopia. It explores rare earth elements and lithium. Megado Minerals Limited was formerly known as Megado Gold Limited and changed its name to Megado Minerals Limited in July 2022. The company was incorporated in 2019 and is based in Perth, Australia.
Basic Materials · ASX Small Cap
$0.0170 +0.0%

Updated 22 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • Volume surging at 12.9x normal while price falls — heavy selling pressure
  • Drifting lower — down 5.6% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.12, so it's outpacing the pack
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Strong cash runway (12 quarters)
  • 4C filed 2026-04-23
  • Pre-revenue with limited cash
  • Near 52-week low (11% of range)
  • Micro-cap ($5-20M) - high risk
  • Sentiment is mixed — no strong consensus either way
  • The bigger volume days are the up days — volume-weighted momentum is positive (2.19%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Penny stock risk ($0.017)
  • Liquidity risk: 8 zero-volume days in last 20
  • RBA hiking (-3pts)
  • Calendar: Quarterly 4C in 5d (+3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 33% over the past year
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Recent Catalysts

NONE Drilling Commences at Iberian Copper Project
NONE Megado Advances Target Definition and Drill Readiness

Recent ASX Announcements

2026-07-14 Drilling Commences at Iberian Copper Project PRICE SENSITIVE
2026-06-01 Megado Advances Target Definition and Drill Readiness PRICE SENSITIVE

Key Metrics

$12.3M
Market Cap
523K
Avg Volume
12.9x
Vol Ratio
$0.01 — $0.05
52-Week Range
N/A
Short Interest
12 qtrs
Cash Runway
-14.1%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 60%
LLeader vs LaggardlaggardRS: -5
IInstitutional SponsorshipweakInst: 1%
MMarket DirectionneutralNeutral

Sector: Basic Materials

506 tickers in this sector

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Compare:MEG vs TXRMEG vs IONMEG vs BIM
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