Cannindah Resources Limited (AU:CAE)
ASX:CAE
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Cannindah Resources Limited
(Sydney:CAE)
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Rating:44Neutral
Price Target:
AU$0.03
▼(-34.00% Downside)
Action:Reiterated
Date:03/10/26
The score is held down primarily by persistent operating losses and negative cash flow (ongoing funding needs), alongside weak technical momentum (below key moving averages with negative MACD and very low RSI). The low-debt, equity-supported balance sheet provides some resilience, but negative earnings also limit valuation support.
Positive Factors
Low leverage / Equity cushion
Very low debt and a sizable equity base give Cannindah structural financial flexibility to fund exploration and absorb operating losses without immediate solvency risk. This reduces short-term refinancing pressure and preserves optionality for project development or JV funding over the coming months.
Negative Factors
Recurring operating losses
Persistent negative profitability erodes retained equity and limits internal funding capacity. Continued operating losses make the company reliant on external capital, increasing dilution risk and constraining long-term investment choice unless exploration success materially changes the earnings outlook.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Equity cushion
Very low debt and a sizable equity base give Cannindah structural financial flexibility to fund exploration and absorb operating losses without immediate solvency risk. This reduces short-term refinancing pressure and preserves optionality for project development or JV funding over the coming months.
Read all positive factors
Cannindah Resources Limited (CAE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.68M
Dividend YieldN/A
Average Volume (3M)1.22M
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue GrowthN/A
EPS Growth-17.65%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,431,683,100
10 Day Avg. Volume1,721,201
30 Day Avg. Volume1,221,897
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)0.74
Price to Sales (P/S)930.34
P/FCF Ratio-3.24
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
Cannindah Resources Limited Business Overview & Revenue Model
Company Description
Cannindah Resources Limited, operating with its subsidiaries, is an Australian firm dedicated to the identification, appraisal, and development of diverse mineral resources across the country. Its primary exploratory efforts are directed towards u...
How the Company Makes Money
Cannindah Resources’ revenue model is typical of an exploration-stage mining company and is not primarily based on ongoing sales of products or services. If the company has not declared operating revenue from mineral production, then its near-term...
Cannindah Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 15.49K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -29.38K | 15.49K | -35.80K | -8.83K | -1.23K | 0.00 |
| EBITDA | -1.69M | -413.44K | -1.39M | -1.89M | -1.59M | 4.36M |
| Net Income | -1.72M | -960.61K | -1.51M | -1.90M | -1.60M | 4.11M |
Balance Sheet | ||||||
| Total Assets | 23.11M | 20.08M | 17.83M | 16.83M | 12.38M | 8.46M |
| Cash, Cash Equivalents and Short-Term Investments | 1.64M | 211.27K | 25.25K | 659.36K | 1.28M | 1.29M |
| Total Debt | 11.78K | 29.12K | 61.48K | 91.08K | 0.00 | 5.14M |
| Total Liabilities | 109.84K | 655.23K | 3.11M | 2.75M | 2.03M | 613.93K |
| Stockholders Equity | 23.00M | 19.42M | 14.71M | 14.08M | 10.35M | 7.84M |
Cash Flow | ||||||
| Free Cash Flow | -1.47M | -4.45M | -2.14M | -5.17M | -3.64M | -1.26M |
| Operating Cash Flow | -1.43M | -969.61K | -688.58K | -1.26M | -1.06M | -508.43K |
| Investing Cash Flow | -4.37M | -3.48M | -1.45M | -3.91M | -2.57M | -755.54K |
| Financing Cash Flow | 4.15M | 4.63M | 1.50M | 4.55M | 3.63M | 2.52M |
Cannindah Resources Limited Technical Analysis
Negative
0.05
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
34.24
Neutral
-3.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAE, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.24 is Neutral, neither overbought nor oversold. The STOCH value of -3.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CAE.
Cannindah Resources 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% | |
53 Neutral | AU$38.60M | -6.91 | -12.73% | ― | ― | 39.20% | |
51 Neutral | AU$47.32M | -24.64 | -6.28% | ― | -100.00% | -141.82% | |
46 Neutral | AU$41.22M | -23.76 | -25.64% | ― | ― | 41.18% | |
46 Neutral | AU$3.53M | -1.66 | -55.63% | ― | ― | -85.71% | |
45 Neutral | AU$30.51M | -5.42 | -26.87% | ― | ― | -100.00% | |
44 Neutral | AU$48.68M | -16.78 | -8.12% | ― | ― | -17.65% |
* Basic Materials Sector Average
AU:CAE
Cannindah Resources Limited
0.03
<0.01
33.33%
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0.02
<0.01
61.54%
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Hammer Metals Limited
0.06
0.02
67.65%
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QMines Ltd.
0.05
0.01
33.33%
AU:COY
Coppermoly Limited
0.01
>-0.01
-28.57%
AU:RIM
Rimfire Pacific Mining Limited
0.01
>-0.01
-47.37%
Cannindah Resources Limited Corporate Events
Cannindah drills extend high-grade Mt Cannindah copper-gold breccia
Jun 9, 2026
Cannindah Resources has reported further strong drilling results at its Mt Cannindah Breccia Deposit, significantly extending the high-grade Southern Shoot. A key drill hole expanded the southern ore zone along strike and confirmed broad mineralis...
Cannindah Resources Reaffirms Mt Cannindah Assumptions in 2026 Exploration Update
May 6, 2026
Cannindah Resources has released an investor presentation for the RIU Sydney Resources Round-Up outlining its 2026 drilling program aimed at advancing discoveries at the Mt Cannindah Project. The company highlights that its exploration results and...
Cannindah extends high-grade Southern Shoot at Cannindah Breccia copper-gold project
May 4, 2026
Cannindah Resources has reported strong extensional reverse circulation drilling results from the high-grade Southern Shoot at its Cannindah Breccia copper-gold deposit, with standout intercepts including 44 metres at 2.78% copper equivalent and b...
Cannindah director boosts stake through Tranche 2 share placement
Apr 9, 2026
Cannindah Resources Limited has disclosed a change in director Anthony Rovira’s interests following his participation in a recent capital raising. Through Rovira Pty Ltd on behalf of the Rovira Family Account, he acquired 2,222,222 fully pai...
Cannindah Resources Issues 20 Million Unquoted Performance Rights
Apr 9, 2026
Cannindah Resources Limited has notified the market of an issue of 20,000,000 unquoted performance rights, creating a new class of securities that will not be listed on the ASX. The issuance, lodged via an Appendix 3G on 9 April 2026, adjusts the ...
Cannindah Resources Raises $3.9m in Second Tranche Share Placement
Apr 9, 2026
Cannindah Resources Limited has completed the second tranche of a previously announced share placement, issuing 87,222,223 fully paid ordinary shares at $0.045 each to raise approximately $3.925 million before costs. The tranche, which was approve...
Cannindah Resources Seeks ASX Quotation for 87 Million New Shares
Apr 9, 2026
Cannindah Resources Limited has applied for quotation on the ASX of 87,222,223 new fully paid ordinary shares under the code CAE, with an issue date of 9 April 2026. The securities are being quoted following an earlier Appendix 3B announcement, in...
Cannindah launches deep diamond drilling at high-potential Mt Cannindah porphyry target
Mar 29, 2026
Cannindah Resources has commenced a major diamond drilling program at the Southern Porphyry copper-gold target within its Mt Cannindah project, re-entering a previous high-grade reverse circulation hole that ended in mineralisation and is interpre...
Cannindah Resources shareholders back all resolutions at 2026 general meeting
Mar 18, 2026
Cannindah Resources Limited has reported the outcomes of its 2026 general meeting, at which shareholders voted on a series of board and capital-related resolutions. All items put forward, including director appointments and approvals linked to pri...
Cannindah drilling hits high-grade copper-gold as GAP zone resource potential grows
Mar 16, 2026
Cannindah Resources has reported initial results from its Cannindah Breccia resource expansion drilling, with reverse circulation hole 26CRC011 intersecting 94 metres at 1.11% copper equivalent in the so-called GAP zone, including a 54 metre inter...
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.