MEK Shares Meeka Metals Limited
ASX · ASXLast in our picks 2026-10-15 — not in the current list; analysis below is from that screen
Turnberry ramp-up, ore sorting and deeper drilling offer multiple catalysts for a discounted gold developer.
Future value: $0.17 (+112.50%) · 6-12 months · analyst consensus
Signal breakdown
- ▸Morgans maintains Buy with substantial target upside and operating catalysts.
- ▾Below 50-day MA (-28.72%)
- ▾Near 52-week low (0.4% of range)
- ▸~113% upside to price target
Is MEK a buy right now?
Trend: MEK is trading below the 50-day average (-30.00%), RSI 47 — neutral momentum, with a 3-month return of -15.38%.
Valuation & quality: Meeka Metals Limited trades on a trailing P/E of 3.9, forward P/E 2.2, price-to-book 1.08; fundamentals show net margin 31.9%, return on equity 28.4%.
Analyst consensus: 1 analysts have a mean 12-month price target of A$0.17 (+120.8% vs the last close; range A$0.17 – A$0.17), consensus rating “none”.
Our screen: BUY (score 2) — Turnberry ramp-up, ore sorting and deeper drilling offer multiple catalysts for a discounted gold developer.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| -21.70% | -22.20% | -14.30% | -25.00% | +0.00% | +44.40% | -30.80% | -11.10% |
Fundamentals
Analyst price target
Technical signals
About Meeka Metals Limited
Meeka Metals Limited engages in gold mining and mineral exploration activities in Western Australia. Its flagship project is the Murchison gold project located in the prolific Murchison Gold Fields, Western Australia.
Sector: Basic Materials · Industry: Gold · Australia · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.