Black Canyon Limited (AU:BCA)
ASX:BCA
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Black Canyon Limited
(Sydney:BCA)
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Rating:45Neutral
Price Target:
AU$0.28
▼(-28.72% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak and volatile operating performance and consistently negative operating/free cash flow. Technicals also lean bearish with price below key moving averages and negative MACD. The main offset is a strong balance sheet with zero debt and higher equity, but valuation metrics are not supportive given the negative P/E and no dividend yield data.
Positive Factors
Balance Sheet Strength
Zero reported debt and a materially stronger equity base provide lasting financial flexibility, lowering refinancing and solvency risk. This balance-sheet strength supports funding of operations or strategic initiatives while the company stabilises operating performance.
Negative Factors
Poor Cash Generation
Consistent negative operating and free cash flow is a structural weakness: the company must rely on external financing or equity to fund operations and investment. This elevates execution and liquidity risk, especially if capital markets tighten or growth requires more cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero reported debt and a materially stronger equity base provide lasting financial flexibility, lowering refinancing and solvency risk. This balance-sheet strength supports funding of operations or strategic initiatives while the company stabilises operating performance.
Read all positive factors
Black Canyon Limited (BCA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$52.70M
Dividend YieldN/A
Average Volume (3M)253.37K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding162,163,880
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, together with its subsidiaries, focuses on mineral exploration activities in Australia. The company explores for manganese, copper, and cobalt targets. Its flagship project includes Flanagan Bore Project located in the Pilbar...
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
Positive
0.39
Price Trends
0.34
Negative
0.36
Negative
0.36
Negative
Market Momentum
-0.01
Negative
51.57
Neutral
65.37
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 0.39 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.34, and above the 200-day MA of 0.36, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.57 is Neutral, neither overbought nor oversold. The STOCH value of 65.37 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
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% | |
47 Neutral | AU$9.06M | -6.22 | -6.75% | ― | ― | 16.67% | |
45 Neutral | AU$52.70M | -15.23 | -1.33% | ― | ― | ― | |
44 Neutral | AU$33.05M | -4.43 | -4.62% | ― | ― | 4.49% | |
42 Neutral | AU$20.80M | -8.12 | -35.07% | ― | ― | -7.14% |
* Basic Materials Sector Average
AU:BCA
Black Canyon Limited
0.32
0.26
425.00%
AU:AHN
Athena Resources Limited
―
―
―
AU:ACP
Audalia Resources Limited
0.03
<0.01
25.00%
AU:RVT
Richmond Vanadium Technology Pty Ltd.
0.16
<0.01
3.33%
Black Canyon Limited Corporate Events
Black Canyon Shares Vest After Hitting Price Hurdle
Apr 1, 2026
Black Canyon Limited has issued 1,000,000 fully paid ordinary shares following the vesting of an equivalent number of three-year performance rights granted in November 2024. The rights vested after the company’s share price traded above $0.1...
Black Canyon Cancels 400,000 Lapsed Performance Rights
Apr 1, 2026
Black Canyon Limited has notified the market of changes to its capital structure, confirming that a tranche of performance-based securities on issue to stakeholders has ceased. The affected instruments were performance rights rather than ordinary ...
Black Canyon Seeks ASX Quotation for 1 Million New Shares
Apr 1, 2026
Black Canyon Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares, with an issue date of April 1, 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the...
Black Canyon Blames Admin Error for Late Director Trade Notice, Pledges Tighter Checks
Mar 31, 2026
Black Canyon Limited has acknowledged that a recent Appendix 3Y, disclosing a change in director Brendan Cummins’s notifiable interest, was lodged late due to an administrative oversight during a busy period of unlisted options being exercis...
Black Canyon director reports lapse of unlisted options
Mar 27, 2026
Black Canyon Limited has reported a change in director Brendan Cummins’ indirect interests in the company’s securities, as required under ASX listing rules. The notice details Cummins’ holdings through family-related entities, in...
Black Canyon Corrects Director Interest Notice for Managing Director Cummins
Mar 25, 2026
Black Canyon Limited has issued a revised director interest notice for Managing Director Brendan Cummins, correcting the previously reported last notice date and date of change while confirming that all other information is unchanged. The updated ...
Black Canyon Director Lifts Shareholding as Performance Rights Lapse
Mar 24, 2026
Black Canyon Limited has reported a change in the indirect holdings of director Brendan Cummins, in line with ASX disclosure requirements for director interests in company securities. The notice details his interests via trust and superannuation s...
Black Canyon Metallurgy Confirms DSO Potential at Wandanya
Mar 16, 2026
Black Canyon Limited has reported metallurgical testwork from its Wandanya Project showing strong potential to produce direct shipping ore-quality manganese and iron products with low deleterious elements. The results indicate high-grade manganese...
Black Canyon Details Governance and Corporate Structure in Half-Year Report
Mar 10, 2026
Black Canyon Limited has released its half-year report dated 31 December 2025, highlighting its current corporate structure and key governance roles, including an independent non-executive chair, managing director, and other non-executive director...
Black Canyon Boosts Cash Reserves Through Equity as Exploration Outflows Rise
Jan 26, 2026
Black Canyon Limited reported its quarterly cash flow for the period ended December 2025, showing net operating cash outflows of A$511,000 and investing outflows of A$724,000, largely driven by A$724,000 in exploration and evaluation expenditure. ...
Black Canyon Expands High-Grade Manganese Footprint at Wandanya and Balfour
Jan 26, 2026
Black Canyon reported a strong December quarter, highlighted by results from a 148-hole reverse circulation drilling program at the Wandanya project that confirmed consistent, thick, shallow and high-grade manganese and iron mineralisation, includ...
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.