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Black Canyon Limited
(Sydney:BCA)
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Rating:51Neutral
Price Target:
AU$0.31
▲(4.00% Upside)
Action:Reiterated
Date:04/29/26
Overall score is held back primarily by weak financial performance quality—especially persistently negative operating and free cash flow and a sharp revenue decline—despite a strong, debt-free balance sheet. Technicals are supportive with price above key moving averages and positive MACD, but valuation is unattractive/less reliable due to a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet and rising equity
A zero-debt balance sheet with materially higher equity provides durable financial flexibility. It reduces solvency risk, preserves borrowing capacity if needed, and gives the company a buffer to fund operations or strategic investments without immediate external debt, aiding resilience over months.
Negative Factors
Sharp revenue decline (~-51% YoY)
A ~51% revenue drop materially weakens the business's ability to cover fixed costs and erodes operating leverage. Such a steep, sustained decline makes planning difficult, pressures margins and cash generation, and requires credible revenue restoration to stabilize results over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet and rising equity
A zero-debt balance sheet with materially higher equity provides durable financial flexibility. It reduces solvency risk, preserves borrowing capacity if needed, and gives the company a buffer to fund operations or strategic investments without immediate external debt, aiding resilience over months.
Read all positive factors
Black Canyon Limited (BCA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$49.49M
Dividend YieldN/A
Average Volume (3M)253.37K
Price to Earnings (P/E)1525.0
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding162,271,030
10 Day Avg. Volume128,595
30 Day Avg. Volume253,374
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)1.22
Price to Sales (P/S)44.06
P/FCF Ratio-6.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Black Canyon Limited Business Overview & Revenue Model
Company Description
Black Canyon Limited, operating alongside its subsidiaries, is an Australian firm dedicated to mineral exploration, specifically seeking out deposits of manganese, copper, and cobalt. Its premier venture, the Flanagan Bore Project, is strategicall...
Black Canyon Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
73
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 227.51K | 273.35K | 513.24K | 40.63K | 13.04K | 6.79K |
| Gross Profit | 215.12K | 273.35K | 513.24K | 21.48K | 5.03K | 6.79K |
| EBITDA | 335.33K | 1.58M | -759.77K | -2.00M | -1.20M | -837.64K |
| Net Income | -204.25K | 378.75K | -1.99M | -2.02M | -1.21M | -841.90K |
Balance Sheet | ||||||
| Total Assets | 21.25M | 10.23M | 6.31M | 6.14M | 8.28M | 5.35M |
| Cash, Cash Equivalents and Short-Term Investments | 10.45M | 2.22M | 669.04K | 1.13M | 4.75M | 4.78M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 339.31K | 327.82K | 264.58K | 540.53K | 897.48K | 342.06K |
| Stockholders Equity | 20.91M | 9.90M | 6.05M | 5.60M | 7.39M | 5.01M |
Cash Flow | ||||||
| Free Cash Flow | -1.74M | -1.92M | -2.26M | -3.62M | -3.07M | -373.03K |
| Operating Cash Flow | -1.24M | -857.85K | -733.62K | -1.23M | -1.09M | -337.30K |
| Investing Cash Flow | -1.91M | -1.06M | -1.52M | -2.40M | -1.98M | -35.74K |
| Financing Cash Flow | 12.85M | 3.44M | 1.80M | 0.00 | 3.04M | 5.09M |
Black Canyon Limited Technical Analysis
Negative
0.30
Price Trends
0.35
Negative
0.35
Negative
0.36
Negative
Market Momentum
-0.01
Negative
41.44
Neutral
65.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BCA, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.35, and below the 200-day MA of 0.36, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 41.44 is Neutral, neither overbought nor oversold. The STOCH value of 65.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BCA.
Black Canyon Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$49.49M | 1,525.00 | -1.33% | ― | ― | ― | |
47 Neutral | AU$51.20M | -18.18 | -10.33% | ― | 74.61% | 33.33% | |
45 Neutral | AU$65.11M | 130.00 | -0.41% | ― | ― | ― | |
43 Neutral | AU$66.54M | -3.33 | -16.67% | ― | ― | 42.00% | |
43 Neutral | AU$53.46M | -9.23 | -14.68% | ― | ― | 1.10% | |
43 Neutral | AU$89.18M | -6.24 | -253.72% | ― | ― | -114.86% |
* Basic Materials Sector Average
AU:BCA
Black Canyon Limited
0.30
-0.05
-14.29%
AU:ZNC
Zenith Minerals Limited
0.10
0.05
118.18%
AU:DRX
Diatreme Resources Limited
0.01
>-0.01
-35.00%
AU:BSX
Blackstone Minerals Ltd
0.04
-0.02
-35.38%
AU:FLG
Pan Asia Metals Ltd.
0.15
0.10
200.00%
AU:AT4
Trigg Mining Ltd.
0.06
-0.04
-37.37%
Black Canyon Limited Corporate Events
Black Canyon Advances Wandanya Manganese and Iron Project With High-Grade Drilling and Premium-Grade Testwork
Jul 27, 2026
Black Canyon Limited reported substantial progress at its Wandanya Manganese and Iron Project during the June quarter, completing 17,200 metres of reverse circulation drilling across a 3km mineralised footprint and extending mineralisation 300 met...
Black Canyon’s Wandanya Tests Deliver High-Grade Manganese Concentrates
Jul 21, 2026
Black Canyon has completed Stage 4 pilot scale dense media separation testwork on blended Wandanya drill core, successfully upgrading feed grades of 32.4% and 29.4% manganese to high-grade concentrates of 41.0% and 38.5% manganese at a 2.8 g/cm...
Black Canyon extends high-grade manganese and iron footprint at Wandanya
May 24, 2026
Black Canyon Limited has reported initial resource definition drilling results from its 100%-owned Wandanya Project, confirming multiple shallow, high-grade manganese and iron intersections. The program has extended the mineralised footprint 300 m...
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.