C29 Metals Limited (AU:C29)
ASX:C29
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C29 Metals Limited
(Sydney:C29)
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Rating:46Neutral
Price Target:
AU$0.03
▲(35.00% Upside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance—widening losses, a small/volatile revenue base, and ongoing cash burn—despite low balance-sheet leverage. Technicals provide some offset via an uptrend versus moving averages, but extremely overbought RSI raises near-term downside risk. Valuation is also constrained by a negative P/E and lack of dividend support.
Positive Factors
Low leverage
A very low debt load reduces solvency and interest-cost pressure, giving the company structural financial flexibility. For an exploration firm this lowers near-term bankruptcy risk and improves ability to raise project or working-capital funding on more favourable terms when needed.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow indicates ongoing cash burn and a structural need for external funding. Over a multi-month horizon this raises dilution and execution risk, constrains the pace of exploration programs, and limits the firm’s ability to self-fund value-creating work.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A very low debt load reduces solvency and interest-cost pressure, giving the company structural financial flexibility. For an exploration firm this lowers near-term bankruptcy risk and improves ability to raise project or working-capital funding on more favourable terms when needed.
Read all positive factors
C29 Metals Limited (C29) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.10M
Dividend YieldN/A
Average Volume (3M)527.94K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue GrowthN/A
EPS Growth-38.24%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding217,735,280
10 Day Avg. Volume518,389
30 Day Avg. Volume527,938
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.74
P/FCF Ratio>-0.01
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
C29 Metals Limited Business Overview & Revenue Model
Company Description
C29 Metals Limited, a mining exploration company, focuses to identify, explore for, and develop copper, gold, and base metal assets in Australia. The company holds 100% interest in the Mayfield project comprising of one exploration licenses coveri...
How the Company Makes Money
null...
C29 Metals Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.74K | 0.00 | 20.07K | 51.40K | 0.00 |
| Gross Profit | 43.74K | -562.00 | 20.07K | 50.92K | 0.00 |
| EBITDA | -6.66M | -3.42M | -2.64M | -1.00M | -58.81K |
| Net Income | -6.76M | -3.42M | -2.64M | -1.00M | -58.81K |
Balance Sheet | |||||
| Total Assets | 3.39M | 7.67M | 4.87M | 5.45M | 409.16K |
| Cash, Cash Equivalents and Short-Term Investments | 1.05M | 2.23M | 1.31M | 3.14M | 402.66K |
| Total Debt | 23.90K | 15.47K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 115.74K | 234.19K | 404.51K | 86.82K | 32.87K |
| Stockholders Equity | 3.27M | 7.44M | 4.46M | 5.36M | 376.29K |
Cash Flow | |||||
| Free Cash Flow | -3.40M | -2.29M | -2.86M | -1.84M | -32.44K |
| Operating Cash Flow | -1.40M | -1.44M | -570.08K | -781.82K | -30.36K |
| Investing Cash Flow | -2.01M | -842.64K | -2.29M | -1.05M | -2.08K |
| Financing Cash Flow | 2.24M | 3.20M | 1.02M | 4.57M | 652.65K |
C29 Metals Limited Technical Analysis
Neutral
0.02
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Positive
49.39
Neutral
36.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:C29, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.39 is Neutral, neither overbought nor oversold. The STOCH value of 36.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:C29.
C29 Metals 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$13.18M | -10.82 | -23.12% | ― | ― | -12.50% | |
46 Neutral | AU$6.10M | -0.74 | -380.56% | ― | ― | -38.24% | |
46 Neutral | AU$6.48M | -0.88 | -284.59% | ― | ― | -475.00% | |
44 Neutral | AU$2.14M | -2.77 | -43.09% | ― | ― | 55.56% | |
43 Neutral | AU$9.93M | -3.71 | -7.72% | ― | ― | 82.28% | |
| ― | AU$5.91M | -18.30 | -19.97% | ― | ― | 16.67% |
* Basic Materials Sector Average
AU:C29
C29 Metals Limited
0.03
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-20.00%
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C29 Metals Limited Corporate Events
C29 Metals Calls Extraordinary General Meeting, Shifts to Digital Notice Distribution
May 25, 2026
C29 Metals Limited has called an Extraordinary General Meeting of shareholders for 10:00 a.m. AWST on 24 June 2026 at its West Perth offices, inviting investors to attend in person, by proxy or via an authorised representative. In line with Austra...
C29 Metals Calls Extraordinary Meeting to Approve Major Share Issue for Acquisition
May 25, 2026
C29 Metals Limited has called an extraordinary general meeting of shareholders for 24 June 2026 in West Perth, Western Australia. The meeting will determine shareholder eligibility as at 22 June 2026 and address key corporate actions outlined in a...
C29 Metals Clears 43.5m New Shares for Secondary Trading After Placement
May 7, 2026
C29 Metals has issued 43,547,043 fully paid ordinary shares under Tranche 1 of a placement and has lodged a cleansing notice under section 708A(5)(e) of the Corporations Act 2001. By providing this notice, the company confirms the shares were issu...
C29 Metals Seeks ASX Quotation for 43.5 Million New Shares
May 7, 2026
C29 Metals Limited has applied for quotation on the ASX of 43,547,043 new ordinary fully paid shares, with an issue date of 6 May 2026. The application, lodged as an Appendix 2A, formalises the admission of these securities to trading, expanding t...
C29 Metals Secures Namibian Copper-Gold Portfolio and A$4.7m Placement
Apr 30, 2026
C29 Metals has outlined a significant shift in its growth strategy, securing binding agreements to acquire an 80% stake, with an option to increase to 90%, in a portfolio of seven copper and gold exploration licence applications in Namibia. The mo...
C29 Metals Plans Issue of 30 Million Long-Dated Options
Apr 30, 2026
C29 Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed securities issue via a placement or similar mechanism. The company plans to issue up to 30 million new options in a yet-to-be-confirmed class, exercisable at $0.06 and ...
C29 Metals Locks in Pricing for Planned ASX Securities Issue
Apr 30, 2026
C29 Metals Limited has updated its notification to the ASX regarding a proposed issue of securities under an Appendix 3B filing. The update confirms that the transaction price for the planned placement or other type of securities issue has now bee...
C29 Metals Makes Transformational Namibian Copper and Gold Move Backed by $4.7m Raising
Apr 30, 2026
C29 Metals has struck a binding deal to acquire an 80% stake, with an option to lift this to 90%, in a 1,074sqkm portfolio of copper and gold exploration licences across three project areas in Namibia, including the advanced Kopermyn Copper Projec...
C29 Metals Seeks Trading Halt Ahead of Material Deal and Capital Raising
Apr 27, 2026
C29 Metals Limited has requested a trading halt on its securities on the ASX as it prepares a material acquisition and considers, plans and executes a capital raising. Trading in the company’s shares will be paused until no later than the ma...
C29 Metals Lodges Half-Year Financial Report and Confirms Corporate Structure
Mar 12, 2026
C29 Metals Limited has released its half-year financial report for the period ended 31 December 2025, detailing its corporate governance and administrative structure. The document confirms the company’s ASX listing, outlines its board and ke...
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.