C29 Metals Limited (AU:C29)
ASX:C29
Top Page
C29 Metals Limited
(Sydney:C29)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.02
▲(20.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held down by weak financial performance—widening losses, persistent cash burn, and shrinking equity—despite low debt. Technicals are mildly negative with a near-term downtrend and weak momentum, and valuation is constrained by loss-making results and no dividend support.
Positive Factors
Strategic focus on battery & critical metals
C29's focus on battery and critical metals aligns with durable structural demand from electrification and grid storage. As an early-stage explorer this specialization provides high optionality: successful discoveries can be monetised via JV/farm-outs or royalties, preserving upside for months to years.
Negative Factors
Persistent cash burn and negative operating cash flow
Consistent negative operating and free cash flow, worsening in 2025, indicates ongoing reliance on external capital to fund exploration. Over a multi-month horizon this raises execution and dilution risk as the company must raise equity or secure partners to continue programs and avoid halted operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic focus on battery & critical metals
C29's focus on battery and critical metals aligns with durable structural demand from electrification and grid storage. As an early-stage explorer this specialization provides high optionality: successful discoveries can be monetised via JV/farm-outs or royalties, preserving upside for months to years.
Read all positive factors
C29 Metals Limited (C29) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.53M
Dividend YieldN/A
Average Volume (3M)527.94K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue GrowthN/A
EPS Growth24.09%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding174,188,230
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
Publicly available, company-specific details about C29 Metals Limited’s current revenue model and operating revenue streams are null. As an early-stage mineral explorer, the typical ways such companies generate value (and potential future cash inf...
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
Positive
0.02
Price Trends
0.03
Positive
0.03
Positive
0.02
Positive
Market Momentum
>-0.01
Negative
57.79
Neutral
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:C29, the sentiment is Positive. 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 0.02, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.79 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
52 Neutral | AU$14.34M | -1.24 | -7.72% | ― | ― | 69.66% | |
47 Neutral | AU$16.11M | -6.99 | -23.12% | ― | ― | 83.93% | |
46 Neutral | AU$9.51M | -0.83 | -284.59% | ― | ― | -123.53% | |
44 Neutral | AU$2.14M | -3.26 | -43.09% | ― | ― | -200.00% | |
42 Neutral | AU$4.53M | -1.02 | -380.56% | ― | ― | 24.09% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:C29
C29 Metals Limited
0.03
>-0.01
-27.78%
AU:AOA
Ausmon Resources Limited
―
―
―
AU:CZN
Corazon Mining Limited
0.20
-0.02
-9.30%
AU:QXR
QX Resources Ltd
―
―
―
AU:FIN
Fin Resources Limited
0.01
0.00
0.00%
AU:PRL
Province Resources Ltd
0.01
0.00
0.00%
C29 Metals Limited Corporate Events
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...
C29 Metals Reshapes Board as Jamie Myers Named Executive Chairman
Feb 4, 2026
C29 Metals Limited has announced changes to its board structure, appointing Jamie Myers as Executive Chairman with immediate effect, while David Lees will remain on the board as a Non-Executive Director. The company emphasized that Myers’ ex...
C29 Metals Director’s 1.5 Million Options Lapse Unexercised
Jan 30, 2026
C29 Metals Limited has reported a change in the indirect securities interests of director Shannon Green, held via the Green Family A/C. The company advised that 1.5 million unquoted options previously held by Green, exercisable at $0.11 and expiri...
C29 Metals Options Lapse, Trimming Potential Future Dilution
Jan 30, 2026
C29 Metals Limited has announced the expiry of two tranches of listed options on the ASX—5 million options exercisable at $0.25 and 1.7 million options exercisable at $0.11, both lapsing on 29 January 2026 without being exercised. The cessat...
C29 Metals Plans Placement of Over 5.3 Million New Shares
Jan 30, 2026
C29 Metals Limited has lodged details with the ASX for a proposed placement of up to 5,357,143 new ordinary fully paid shares, with an expected issue date of 30 June 2026. The capital raising, conducted via a placement or similar structure, is aim...
C29 Metals Advances Samsons Tank Drill Plans and Secures Director Funding Amid Portfolio Review
Jan 30, 2026
C29 Metals’ latest quarterly report shows the explorer concentrating on its Australian asset base, progressing drill planning at the Samsons Tank Copper project in New South Wales and preparing renewal applications for its tenements, while a...
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.