MEI ASX Week ended 24 Jul 2026

Weekly Investor Report

Meteoric Resources NL · Basic Materials · Other Industrial Metals & Mining

Latest close 0.18 AUD
16.1% latest week
Weekly setup

Mixed setup

The weekly trend is not active. Price is -2.7% below the Trend Line and sits at 50.0% of its 52-week range. The latest completed week returned 16.1%, after a 20.0% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive. The latest news-sentiment score is 50/100.

Setup score 46 out of 100
Latest Close 0.18 AUD 24 Jul 2026
1W Return 16.1% latest completed week
4W Return 20.0% short-term follow-through
12W Return -12.2% quarterly tape
Trend Breadth 69.2% 36 of 52 weeks active
Volume Ratio 1.3x vs 13-week average
What is working
  • Price is above Fair Value, showing premium demand versus the model.
  • Latest weekly return ranks in the strongest part of its sector group.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Activity pressure is negative, which weakens the current setup.
  • Next-week expectancy is negative at 41.24% based on similar historical setup states.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -2.7% below the Trend Line and sits at 50.0% of its 52-week range. The latest completed week returned 16.1%, after a 20.0% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.3x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.3012-week average 0.41

12-week confirmation

Trend active3/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure0/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership7/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.30Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 20.0% over four weeks, -12.2% over 12 weeks, and 16.1% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W16.1%
4W20.0%
12W-12.2%
26W-28.0%
52W16.1%
Active trend streak0 weeks
Active weeks in one year36
Trend breadth69.2%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-0.47Latest activity-pressure read.
Pressure change59.5%Four-week change in activity pressure.
Leadership2.99Latest relative-leadership reading.
RS change122.7%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 30 Jun 2025 Field coverage 48% Model confidence 26%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength35/100Blend of value, momentum, and quality. Underlying universe rank 66; rank 1 is best.
Value39/100Relative valuation strength. Underlying universe rank 62; rank 1 is best.
Quality37/100Profitability and accounting quality. Underlying universe rank 64; rank 1 is best.
Momentum39/100Medium-term price momentum. Underlying universe rank 62; rank 1 is best.
Growth39/100Revenue and earnings growth. Underlying universe rank 62; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
-
Price divided by trailing earnings.
Price / sales
-
Market value relative to trailing revenue.
EV / EBITDA
-
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
-6.5%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
-
Gross profit retained from each unit of revenue.
Operating margin
-
Operating profit retained from revenue.
Free-cash-flow margin
-
Free cash flow generated from revenue.
Return on invested capital
-
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
-
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-
Latest one-year free-cash-flow growth.
Piotroski F-score
0/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
-5.6%
Net share repurchases relative to market value.
Shareholder yield
-5.6%
Dividend yield plus net buyback yield.
Net debt / EBITDA
0.3x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment50/100

Weighted news tone is neutral across 14 relevant articles.

0 positive · 14 neutral · 0 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-30.8%Distance below the 52-week high.
13-week volatility8.3%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher10 of 2613 weeks finished lower.
Best week+16.1%Week of 24 Jul.
Worst week-19.5%Week of 20 Mar.
Latest week+16.1%Week of 24 Jul.

Shape of recent returns

Strong gains7
Modest gains3
Flat weeks3
Modest losses4
Sharp losses9
Recent vol8.3%13-week weekly-return volatility.
Base vol10.8%52-week weekly-return volatility.
Up/down split22/24Count of positive and negative weeks in the 52-week window.
Average skew11.2% / -8.4%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 20260.18 AUD16.1%0.18 AUD0.16 AUD-0.472.9938.4MOff
17 Jul 20260.15 AUD-13.9%0.18 AUD0.16 AUD-0.69-11.3435.2MOff
10 Jul 20260.18 AUD12.5%0.18 AUD0.16 AUD-0.842.8427.8MOff
3 Jul 20260.16 AUD6.7%0.18 AUD0.16 AUD-1.09-8.6132.5MOff
26 Jun 20260.15 AUD-3.2%0.18 AUD0.16 AUD-1.17-13.1434.3MOff
19 Jun 20260.15 AUD-8.8%0.18 AUD0.16 AUD-1.10-10.6912.2MOff
12 Jun 20260.17 AUD0.0%0.18 AUD0.16 AUD-0.81-1.5013.0MOff
5 Jun 20260.17 AUD-5.6%0.18 AUD0.16 AUD-0.400.9529.6MOff
29 May 20260.18 AUD-2.7%0.18 AUD0.16 AUD-0.196.113.4MOn
22 May 20260.18 AUD-7.5%0.18 AUD0.16 AUD-0.1010.7037.8MOn
15 May 20260.20 AUD-2.4%0.19 AUD0.17 AUD-0.2021.1051.6MOn
8 May 20260.20 AUD0.0%0.19 AUD0.17 AUD-0.6423.7638.1MOff
1 May 20260.20 AUD7.9%0.19 AUD0.16 AUD-0.9125.4241.0MOff
24 Apr 20260.19 AUD11.8%0.19 AUD0.16 AUD-1.1416.9641.2MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.