Metalite signs letter of intent to acquire Launay gold property
- Investing.com
Pro
Metrics to compare | METL | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipMETLPeersSector | |
|---|---|---|---|---|
P/E Ratio | −4.3x | −11.2x | 3.4x | |
PEG Ratio | 0.04 | −0.34 | 0.00 | |
Price/Book | 31.1x | 1.3x | 1.6x | |
Price / LTM Sales | - | 3.5x | 1.3x | |
Upside (Analyst Target) | - | 248.8% | 35.6% | |
Fair Value Upside | Unlock | 4.2% | 2.6% | Unlock |
Metalite Resources Inc. engages in the exploration for mineral resources in Canada and Australia. The company explores for gold and silver deposits. Its primary project is the Arthurs Seat project covering an area of 42 square kilometers located in New South Wales, Australia. It also holds 100% interest in a large Abitibi-Based Gold Property covering 17,340 hectares located in Canada. The company was formerly known as RooGold Inc. and changed its name to Metalite Resources Inc. in March 2023. Metalite Resources Inc. was incorporated in 2019 and is headquartered in Toronto, Canada.