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$0.04
▼(-28.00% Downside)
Action:ReiteratedDate: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 / strong equity base
Very low debt and a sizable equity buffer provide durable financial flexibility for an exploration company. This reduces bankruptcy risk, preserves optionality to pursue drilling or JV opportunities, and allows management to fund milestones without heavy interest burdens.
Negative Factors
Recurring operating losses
Persistent operating losses indicate the company is not yet generating returns from operations. Over time, continued losses can erode equity, limit reinvestment capacity, and force management to prioritise funding needs over project advancement absent a material discovery or partner.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity base
Very low debt and a sizable equity buffer provide durable financial flexibility for an exploration company. This reduces bankruptcy risk, preserves optionality to pursue drilling or JV opportunities, and allows management to fund milestones without heavy interest burdens.
Read all positive factors
Cannindah Resources Limited (CAE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$49.74M
Dividend YieldN/A
Average Volume (3M)1.22M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS Growth43.48%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,344,456,800
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, together with its subsidiaries, engages in the exploration, evaluation, and development of various mineral projects in Australia. The company primarily explores for copper and gold deposits. Its flagship project is the...
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
Neutral
0.05
Price Trends
0.04
Negative
0.05
Negative
0.04
Positive
Market Momentum
>-0.01
Negative
54.71
Neutral
124.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAE, the sentiment is Neutral. The current price of 0.05 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.71 is Neutral, neither overbought nor oversold. The STOCH value of 124.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
45 Neutral | AU$29.79M | -2.63 | -12.73% | ― | ― | 48.47% | |
45 Neutral | AU$12.08M | -1.42 | -21.38% | ― | 135.89% | -40.00% | |
44 Neutral | AU$49.74M | -8.57 | -8.12% | ― | ― | 43.48% | |
44 Neutral | AU$51.13M | -5.51 | -35.24% | ― | ― | ― | |
43 Neutral | AU$15.48M | -4.24 | -33.10% | ― | ― | -128.13% | |
43 Neutral | AU$562.61M | -3.44 | -31.56% | ― | ― | 86.21% |
* Basic Materials Sector Average
AU:CAE
Cannindah Resources Limited
0.04
>-0.01
-13.95%
AU:PGM
Platina Resources Limited
0.02
<0.01
20.00%
AU:QML
QMines Ltd.
0.05
<0.01
6.98%
AU:RDN
Raiden Resources Limited
―
―
―
AU:FRS
Forrestania Resources Limited
0.50
0.46
1150.00%
AU:HAR
Haranga Resources Limited
0.12
0.06
121.15%
Cannindah Resources Limited Corporate Events
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...
Cannindah boosts cash and drills high-grade hits despite wider loss
Mar 12, 2026
Cannindah Resources reported a half-year loss of $1.26 million to 31 December 2025, wider than the prior period, but significantly strengthened its balance sheet with $4.55 million raised via an entitlement offer, lifting cash to $1.64 million. Bo...
Cannindah Reaffirms Mt Cannindah Copper Resource Confidence and Compliance
Mar 9, 2026
Cannindah Resources has reiterated the status and quality of its Mt Cannindah copper project, highlighting historical exploration results compiled under the JORC 2012 Code and verified by independent geological consultant Cameron Switzer. The comp...
Cannindah drills confirm large-scale porphyry copper-gold system at Mt Cannindah
Mar 4, 2026
Cannindah Resources has reported final assays from its 2025 reconnaissance drilling at the Southern Porphyry Target within the Mt Cannindah project, confirming broad zones of copper-gold mineralisation and indicating a large-scale porphyry system ...
Cannindah Director Increases Stake via Share Purchase Plan
Feb 25, 2026
Cannindah Resources Limited has disclosed a change in director Anthony Rovira’s indirect holdings following his participation in the company’s Share Purchase Plan. Through Rovira Pty Ltd as trustee for the Rovira Family Account, Rovira...
Cannindah bolsters Mt Cannindah push with new exploration chief
Feb 25, 2026
Cannindah Resources has appointed veteran geologist Chris Chambers as Exploration Manager, adding more than three decades of global experience in porphyry-related, intrusive-related and epithermal mineral systems to its leadership team. Management...
Cannindah SPP Closes Heavily Oversubscribed to Fund Mt Cannindah Drilling
Feb 25, 2026
Cannindah Resources has closed its share purchase plan heavily oversubscribed, receiving A$4.9 million in applications against a planned A$2.0 million raise, following an earlier A$11.1 million placement and ahead of a second tranche placement sub...
Cannindah Resources seeks ASX quotation for small share issuance
Feb 20, 2026
Cannindah Resources Limited has applied for the quotation of 2,116 new ordinary fully paid shares on the ASX, with an issue date of 20 February 2026. The modest size of the new share issuance, arising from the exercise or conversion of existing se...
Cannindah Resources targets high-grade GAP zone in new Mt Cannindah drilling push
Feb 9, 2026
Cannindah Resources has launched a resource expansion drilling program at the Cannindah Breccia deposit, targeting a high-grade “GAP” zone within its existing 14.5Mt at 1.09% CuEq Mineral Resource Estimate, where historical drilling de...
Cannindah Resources Seeks ASX Quotation for New Share Issue
Feb 9, 2026
Cannindah Resources Limited has applied for quotation on the ASX of 52,083 new ordinary fully paid shares, issued on 9 February 2026, under its code CAE. The small-scale issuance reflects a routine capital markets transaction that modestly increas...
Cannindah Resources Issues 10 Million Unquoted Options Expiring 2029
Feb 9, 2026
Cannindah Resources Limited has notified the market of the issue of 10,000,000 unquoted options, each exercisable at $0.0675 and expiring on 9 February 2029. The options, issued on 9 February 2026 as part of a previously announced transaction, are...
Cannindah Raises $11m in First Tranche of Share Placement
Feb 8, 2026
Cannindah Resources Limited has completed the first tranche of a share placement, issuing 246,111,111 fully paid ordinary shares at $0.045 each to new and existing institutional, sophisticated and professional investors, raising about $11.08 milli...
Cannindah Resources Seeks ASX Quotation for 246 Million New Shares
Feb 8, 2026
Cannindah Resources Limited has applied for quotation on the ASX of 246,111,111 new fully paid ordinary shares under the code CAE. The issue of these securities, arising from previously announced transactions, will expand the company’s liste...
Cannindah Resources Launches A$17m Capital Raising to Advance Mt Cannindah Copper-Gold Project
Feb 6, 2026
Cannindah Resources has launched a capital raising program combining a two-tranche placement of approximately A$15 million with a Share Purchase Plan (SPP) aiming to raise up to A$2 million at A$0.045 per share, a 15.4% discount to the recent five...
Cannindah Resources Launches Share Purchase Plan With Cleansing Notice
Feb 6, 2026
Cannindah Resources has issued a cleansing notice ahead of opening a share purchase plan (SPP) that allows eligible shareholders to acquire up to $30,000 of new fully paid ordinary shares in the company. The SPP, conducted under ASIC relief, will ...
Lion Selection to Take 3.3% Stake in Cannindah with $2m Mt Cannindah Funding
Feb 3, 2026
Lion Selection Group has committed to invest A$2 million in Cannindah Resources as part of a A$15 million capital raising priced at 4.5 cents per share, which will give Lion about a 3.3% stake in the copper-gold explorer once the placement complet...
Cannindah Resources Flags Large Equity Placement with ASX
Feb 3, 2026
Cannindah Resources Limited has lodged an Appendix 3B notice with the ASX outlining a proposed issue of up to 87,222,223 new fully paid ordinary shares under its ticker CAE. The new securities are to be issued via a placement or other type of capi...
Cannindah Resources Plans Major Share and Option Issue to Bolster Capital Base
Feb 3, 2026
Cannindah Resources Limited has announced a proposed capital raising comprising a securities purchase plan for up to 44,444,444 new ordinary shares, alongside a separate placement of up to 246,111,111 ordinary shares and 10,000,000 options exercis...
Cannindah Resources Raises Up to $17m to Accelerate Mt Cannindah Copper-Gold Exploration
Feb 3, 2026
Cannindah Resources has secured firm commitments for a $15 million two-tranche placement to institutional and sophisticated investors at $0.045 per share and has launched a share purchase plan aiming to raise a further $2 million on the same terms...
Cannindah Resources Halts Trading Ahead of Capital Raising Announcement
Jan 30, 2026
Cannindah Resources has requested and been granted a trading halt on its securities on the ASX as it prepares to announce a capital raising. The halt, which will remain in place until either the capital raising announcement is released or before t...
Cannindah drills high-grade copper-gold, upgrades Mt Cannindah porphyry potential
Jan 29, 2026
Cannindah Resources reported a standout December 2025 quarter marked by completion of a 6,136m reverse circulation scout drilling program across the Cannindah Breccia, Southern Target and Eastern Target, delivering multiple high-grade copper-gold ...
Cannindah Strikes High-Grade Copper-Gold in First Deep Drilling at Mt Cannindah Southern Porphyry
Jan 27, 2026
Cannindah Resources has reported substantial high-grade gold and copper intersections from its first deep reverse circulation drilling at the Southern Porphyry Target at Mt Cannindah, highlighted by a 28m interval grading 1.15% copper equivalent t...
Cannindah Resources Halts Trading Ahead of Exploration Results Update
Jan 23, 2026
Cannindah Resources has requested and been granted a trading halt on its securities by the ASX, pending the release of an announcement detailing recent exploration results. The halt will remain in place until either the announcement is released or...
Cannindah Targets Southern ‘Gap Zone’ to Grow High‑Grade Copper-Gold Resource at Mt Cannindah
Jan 21, 2026
Cannindah Resources has identified a substantial opportunity to grow the high‑grade copper-gold-silver resource at its Mt Cannindah Breccia deposit, after recent drilling highlighted a poorly tested southern “Gap Zone” covering a...
Cannindah Resources switches share registry provider to Xcend
Jan 15, 2026
Cannindah Resources has appointed Xcend Pty Ltd as its new shareholder registry services provider, effective 19 January 2026, replacing Boardroom Pty Limited, which will cease in the role at the close of business on 16 January 2026. The change int...
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.