Metalore Resources Limited (MTLRF) Research

Metalore Resources Limited functions as a junior resource enterprise, primarily focused on natural gas extraction and gold prospecting activities across Canada. The company manages rights to, or holds control over, approximately 40,000 acres of land designated for petroleum, natural gas, and mineral leasing. These holdings are located in the Charlotteville, Walsingham, and Houghton townships of Norfolk County, Ontario. Additionally, Metalore supplies natural gas to around 150 commercial and residential clients through its established pipeline infrastructure. Its exploration endeavors also encompass a wider array of valuable minerals, such as copper, zinc, lithium, platinum group elements (PGEs), and diamonds. The firm was founded in 1943 and was initially known as New Metalore Mining Company Limited before adopting its current name, Metalore Resources Limited, in 1976. Simcoe, Canada, serves as its corporate headquarters.

Market snapshot

Symbol
MTLRF
Price
$1.67
Day change
0.00%
Market cap
$4.8M
P/E ratio
4.02x
52-week range
1.57-1.8
Sector
Energy
Industry
Oil & Gas Exploration & Production

Peer companies

  • Altex Industries, Inc. (ALTX)
  • Bengal Energy Ltd. (BNGLF)
  • CBM Asia Development Corp. (CBMDF)
  • Harvest Oil & Gas Corp. (HRST)
  • Icon Energy Limited (ICNOF)
  • McChip Resources Inc. (MCCHF)
  • PetroFrontier Corp. (PFRRF)
  • Gordon Creek Energy Inc. (TBDYF)

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