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Black Canyon Limited (AU:BCA)
:BCA
Australian Market

Black Canyon Limited (BCA) AI Stock Analysis

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AU

Black Canyon Limited

(Sydney:BCA)

Rating:34Underperform
Price Target:
Black Canyon Limited's score reflects significant operational challenges despite strong revenue growth. The company's lack of profitability, negative cash flow, and bearish technical indicators contribute to a low score. While the absence of debt provides some stability, it is insufficient to mitigate the negative impact of ongoing financial inefficiencies and poor valuation metrics.

Black Canyon Limited (BCA) vs. iShares MSCI Australia ETF (EWA)

Black Canyon Limited Business Overview & Revenue Model

Company DescriptionBlack Canyon Limited (BCA) is a versatile company operating in the sectors of renewable energy and sustainable technology. The company specializes in the development, implementation, and management of solar and wind energy projects, offering comprehensive solutions for clean energy generation. BCA's core offerings include the design and deployment of solar panels, wind turbines, and associated infrastructure, as well as providing consulting services on energy efficiency and sustainability strategies.
How the Company Makes MoneyBlack Canyon Limited primarily generates revenue through the sale and installation of renewable energy systems, including solar panels and wind turbines. The company also earns income from long-term contracts with commercial and residential clients for energy supply and management services. Additionally, BCA engages in strategic partnerships with governments and private enterprises to develop large-scale renewable energy projects, which further contribute to its earnings. By offering consulting services to companies aiming to enhance their energy efficiency and sustainability, BCA diversifies its revenue streams. These combined efforts allow BCA to capitalize on the growing demand for clean energy solutions and sustainable practices.

Black Canyon Limited Financial Statement Overview

Summary
Black Canyon Limited exhibits robust revenue growth but faces significant profitability and cash flow challenges. The absence of debt is a positive aspect, reflecting financial prudence, but persistent losses and cash flow issues raise concerns about operational efficiency and long-term viability. Strategic improvements in cost management and cash flow generation are essential for future growth and stability.
Income Statement
30
Negative
Black Canyon Limited has shown significant revenue growth, with an increase from previous years. However, the company is struggling with severe negative EBIT and net income, indicating operational inefficiencies and high expenses relative to revenue. The gross profit margin is positive, yet the net profit margin remains negative, reflecting a need for better cost management.
Balance Sheet
40
Negative
The company maintains a strong equity base with no debt, resulting in a debt-to-equity ratio of zero. However, the return on equity is negative due to net losses, and the equity ratio is high, indicating reliance on equity financing. The strong asset base and cash reserves provide stability, but the persistent net losses are a concern for long-term sustainability.
Cash Flow
25
Negative
Negative operating and free cash flow highlight liquidity challenges and inefficiencies in converting sales into cash. The company relies heavily on financing activities to fund operations, which is unsustainable in the long run. Growth in free cash flow is negative, indicating worsening cash flow management.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
559.08K513.24K40.63K13.04K6.79K398.00
Gross Profit
559.08K513.24K21.48K6.79K398.00
EBIT
-692.73K-779.38K-1.31M-1.23M-848.69K-3.80K
EBITDA
-180.34K-759.77K-2.00M-1.20M-837.64K-3.53K
Net Income Common Stockholders
-1.86M-1.99M-2.02M-1.21M-841.90K-68.44K
Balance SheetCash, Cash Equivalents and Short-Term Investments
716.66K669.04K1.13M4.75M4.78M60.48K
Total Assets
7.18M6.31M6.14M8.28M5.35M60.57K
Total Debt
0.000.000.000.000.000.00
Net Debt
-716.66K-669.04K-1.13M-4.75M-4.78M-60.48K
Total Liabilities
343.65K264.58K540.53K897.48K342.06K5.18K
Stockholders Equity
6.83M6.05M5.60M7.39M5.01M55.39K
Cash FlowFree Cash Flow
-1.84M-2.26M-3.62M-3.07M-373.03K-15.62K
Operating Cash Flow
-800.91K-733.62K-1.23M-1.09M-337.30K-859.00
Investing Cash Flow
-1.04M-1.52M-2.40M-1.98M-35.74K-14.76K
Financing Cash Flow
1.12M1.80M0.003.04M5.09M0.00

Black Canyon Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.08
Price Trends
50DMA
0.06
Positive
100DMA
0.06
Positive
200DMA
0.06
Positive
Market Momentum
MACD
<0.01
Negative
RSI
77.97
Negative
STOCH
79.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BCA, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 77.97 is Negative, neither overbought nor oversold. The STOCH value of 79.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BCA.

Black Canyon Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUFMG
74
Outperform
$48.22B8.1520.21%6.00%-11.33%-32.11%
AURIO
74
Outperform
$154.07B10.1121.04%3.30%-0.10%15.50%
AUBHP
72
Outperform
$195.28B11.3026.20%3.96%-2.47%57.01%
AUCIA
61
Neutral
C$2.36B14.6310.03%5.00%-9.27%-56.88%
AUMGX
61
Neutral
$324.38M56.60-35.86%-39.92%-249.60%
51
Neutral
$2.04B-1.15-21.24%3.95%2.91%-30.44%
AUBCA
34
Underperform
AU$10.37M-26.00%3.08%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BCA
Black Canyon Limited
0.08
-0.02
-20.00%
AU:CIA
Champion Iron
4.49
-2.01
-30.97%
AU:BHP
BHP Group Ltd
39.05
-2.38
-5.74%
AU:FMG
Fortescue Metals Group Ltd
16.21
-5.29
-24.62%
AU:MGX
Mount Gibson Iron Limited
0.27
-0.14
-34.15%
AU:RIO
Rio Tinto Limited
109.38
-5.28
-4.60%

Black Canyon Limited Corporate Events

Black Canyon Limited Welcomes New Substantial Shareholder
May 1, 2025

Black Canyon Limited, listed on the ASX under the ticker BCA, has a new substantial shareholder, Treasury Services Group Pty Ltd, acting on behalf of the Nero Resource Fund. This development, effective from March 20, 2025, gives the fund a 6.43% voting power in the company through its acquisition of 8,333,333 fully paid ordinary shares. The move signifies a strategic investment by the Nero Resource Fund, potentially impacting Black Canyon’s market position and signaling confidence in its future prospects.

Black Canyon Limited Releases Escrowed Shares
May 1, 2025

Black Canyon Limited announced the release of 214,286 fully paid ordinary shares from voluntary escrow, initially issued as part payment for drilling services. This move is part of the company’s strategic operations in the manganese exploration sector, potentially impacting its financial structure and stakeholder interests.

Black Canyon Secures EIS Grant for Wandanya Drilling Program
Apr 30, 2025

Black Canyon Limited has been awarded a $122,500 co-funded drilling grant under the Western Australian Government’s Exploration Incentive Scheme for its Wandanya manganese and iron project. This grant will support the second phase of reverse circulation drilling, which aims to explore the high-grade manganese and iron targets over a 3km strike. The project has been recognized for its technical merit and innovative exploration model, potentially enhancing Black Canyon’s industry positioning and offering significant opportunities for stakeholders.

Black Canyon Limited Strengthens Financial Position Amid Operating Cash Outflows
Apr 22, 2025

Black Canyon Limited’s recent quarterly cash flow report highlights a net cash outflow from operating activities, primarily due to exploration and evaluation expenses. However, the company has bolstered its financial position through significant proceeds from financing activities, indicating a strategic focus on securing capital to support its operations and future growth.

Black Canyon Limited Advances Manganese Exploration and Development in Pilbara
Apr 22, 2025

Black Canyon Limited has announced significant progress in its manganese exploration activities, including a high-grade manganese discovery at Wandanya and promising metallurgical test results indicating the potential to produce a high-grade manganese oxide concentrate. The company is planning further drilling to expand its resource base and expects to update its Mineral Resource Estimate in the June quarter. With a strong financial outlook from its KR1 and KR2 deposits, Black Canyon is well-positioned to capitalize on the growing demand for manganese in both the steel and battery industries.

Black Canyon Achieves Higher Manganese Recovery at Wandanya Project
Apr 15, 2025

Black Canyon Limited has achieved a significant improvement in manganese recovery at its Wandanya Project, reaching an 80% recovery rate with a 45% manganese concentrate grade. This development is crucial for the company as it enhances orebody utilization, potentially increasing product volume and extending mine life. The results are promising given the current market price for manganese, and the company plans further exploration to delineate the mineralization footprint.

Black Canyon Limited Appoints New Company Secretary and CFO
Apr 3, 2025

Black Canyon Limited has appointed Ms. Rebecca Broughton as the new Company Secretary and Chief Financial Officer, effective April 3, 2025, replacing Mr. Jay Stephenson. This change in leadership is part of the company’s ongoing efforts to strengthen its corporate governance and financial management as it continues to explore and develop manganese resources in Western Australia.

Black Canyon Limited Advances Wandanya Drilling Program
Mar 31, 2025

Black Canyon Limited has announced the commencement of the second phase of reverse circulation drilling at its Wandanya project, targeting manganese and iron deposits. The company plans to test significant portions of the 3km strike of the manganese target and the iron formations, with the aim of expanding its resource base. The drilling program, which was delayed due to cultural responsibilities of the Traditional Owners, is now scheduled for late May/early June. The company is well-funded for these operations, having secured a $2.5 million placement from existing and new shareholders.

Cranport Pty Limited Increases Stake in Black Canyon Limited
Mar 26, 2025

Black Canyon Limited has experienced a change in the interests of its substantial holder, Cranport Pty Limited, which now holds an increased voting power of 8.09%, up from 6.91%. This change was facilitated through placements by Palm Beach Nominees Pty Ltd and Foster Stockbroking Pty Ltd, resulting in a significant increase in the number of shares held. This development may impact Black Canyon Limited’s shareholder dynamics and influence within the company, potentially affecting its strategic decisions and stakeholder relations.

Black Canyon Limited Completes Share Issuance Under Tranche 2 Placement
Mar 20, 2025

Black Canyon Limited has issued 23,166,667 fully paid ordinary shares under Tranche 2 of a previously announced placement, along with 400,000 shares from the vesting of Performance Rights. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legal provisions, indicating transparency and adherence to regulatory standards.

Black Canyon Limited Announces Quotation of New Securities
Mar 20, 2025

Black Canyon Limited has announced the quotation of 400,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of March 20, 2025. This move is part of the company’s strategy to increase its capital base and enhance liquidity, potentially strengthening its position in the mining sector and offering new opportunities for stakeholders.

Black Canyon Limited Issues 400,000 New Securities
Mar 20, 2025

Black Canyon Limited announced the issuance of 400,000 ordinary fully paid securities as part of its strategic financial operations. This move is expected to impact the company’s equity structure and may influence its market positioning by potentially increasing its capital base and shareholder value.

Black Canyon Limited Announces Quotation of New Securities on ASX
Mar 20, 2025

Black Canyon Limited has announced the quotation of 23,166,667 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code BCA. This move is part of a previously announced transaction, indicating the company’s strategic efforts to enhance its market presence and liquidity. The issuance of these securities is expected to impact the company’s operations by potentially increasing its capital base and providing more opportunities for investors to engage with the company’s growth trajectory.

Black Canyon Limited’s Resolutions Passed with Strong Shareholder Support
Mar 12, 2025

Black Canyon Limited, a company listed on the ASX under the code BCA, announced that all resolutions proposed at their General Meeting on March 12, 2025, were passed by shareholders. The resolutions, which were decided by poll, included approvals related to the issuance of shares and were overwhelmingly supported, with over 96% of votes in favor. This successful outcome reflects strong shareholder confidence in the company’s strategic decisions and may positively influence its market positioning.

Black Canyon Limited Releases Half-Year Financial Report
Mar 9, 2025

Black Canyon Limited has released its financial report for the half-year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it outlines the company’s profitability and financial health, which can impact its market positioning and future strategies.

Black Canyon Limited Schedules General Meeting for March 2025
Feb 10, 2025

Black Canyon Limited has announced its General Meeting, scheduled for Wednesday, 12 March 2025 at 9:30am (AWST) at Level 1, 389 Oxford Street, Mount Hawthorn, WA 6016. Stakeholders are encouraged to participate in the meeting, either in person or via proxy, with proxy submissions required by 9:30am (AWST) on Monday, 10 March 2025.

Black Canyon Limited Announces General Meeting for Share Issuance Approvals
Feb 10, 2025

Black Canyon Limited has announced a General Meeting to discuss several key resolutions involving the issuance of shares. These resolutions include the ratification of prior share issues and approval for new share issues, including shares to be issued to related parties. The meeting and its outcomes could significantly impact the company’s shareholding structure and governance, as the resolutions seek shareholder approval for various share transactions, potentially affecting company control and stakeholder interests.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.