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Carnavale Resources Limited
(Sydney:CAV)
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Rating:44Neutral
Price Target:
AU$0.08
▼(-24.00% Downside)
Action:Reiterated
Date:06/25/26
The score is primarily weighed down by weak financial performance—recurring and widening losses alongside sustained negative operating and free cash flow—indicating a high cash-burn profile. Technicals add further pressure with a clear downtrend (price below key moving averages and negative MACD), despite near-oversold momentum readings. The debt-free balance sheet provides some offsetting support, but profitability and cash generation remain the dominant risks.
Positive Factors
Zero debt / conservative balance sheet
Zero debt is a durable structural strength for an exploration company: it materially reduces refinancing and interest-rate risk, preserves optionality to fund programs through equity or JV deals, and gives management latitude to advance projects or wait for higher-value transaction windows without immediate debt pressure.
Negative Factors
Persistent negative operating and free cash flow
Sustained negative operating and free cash flow is a durable vulnerability: it creates continual funding needs, increases dependence on equity raises or partners, elevates dilution risk for shareholders, and constrains the pace at which exploration programs can be pursued without external capital over the next several months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt / conservative balance sheet
Zero debt is a durable structural strength for an exploration company: it materially reduces refinancing and interest-rate risk, preserves optionality to fund programs through equity or JV deals, and gives management latitude to advance projects or wait for higher-value transaction windows without immediate debt pressure.
Read all positive factors
Carnavale Resources Limited (CAV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.65M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-0.42
Revenue GrowthN/A
EPS Growth-510.00%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding408,065,550
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.48
Price to Sales (P/S)99.42
P/FCF Ratio-5.99
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
Carnavale Resources Limited Business Overview & Revenue Model
Company Description
Carnavale Resources Limited is an Australian enterprise primarily engaged in mineral exploration, targeting a diverse range of commodities such as tin, lithium, cobalt, silver, nickel, gold, copper, and other precious metal deposits. The company w...
How the Company Makes Money
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Carnavale Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.94K | 151.84K | 222.57K | 55.22K | 3.35K | 10.63K |
| Gross Profit | 82.94K | 151.84K | 222.57K | 54.60K | 2.88K | 10.63K |
| EBITDA | -1.13M | -438.31K | -765.00K | -550.52K | -1.49M | -1.52M |
| Net Income | -3.64M | -3.03M | -791.14K | -452.61K | -1.41M | -1.49M |
Balance Sheet | ||||||
| Total Assets | 16.64M | 10.40M | 11.49M | 8.98M | 9.49M | 7.15M |
| Cash, Cash Equivalents and Short-Term Investments | 6.27M | 777.60K | 1.24M | 919.18K | 3.25M | 3.53M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 242.97K | 224.62K | 338.19K | 379.08K | 527.02K | 291.66K |
| Stockholders Equity | 16.40M | 10.18M | 11.15M | 8.60M | 8.97M | 6.85M |
Cash Flow | ||||||
| Free Cash Flow | -1.58M | -2.52M | -2.62M | -2.33M | -3.25M | -2.50M |
| Operating Cash Flow | -466.56K | -388.29K | -351.10K | -416.25K | -501.98K | -541.43K |
| Investing Cash Flow | -1.86M | -2.13M | -2.26M | -1.91M | -2.75M | -1.95M |
| Financing Cash Flow | 6.52M | 2.05M | 2.94M | -1.66K | 2.97M | 4.83M |
Carnavale 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% | |
54 Neutral | AU$58.39M | -4.29 | -18.37% | ― | ― | -69.35% | |
47 Neutral | AU$32.96M | -15.79 | -7.34% | ― | ― | 58.33% | |
45 Neutral | AU$21.74M | -55.00 | -1.37% | ― | ― | -118.75% | |
44 Neutral | AU$32.65M | -6.78 | -27.39% | ― | ― | -510.00% | |
44 Neutral | AU$38.29M | -4.90 | -25.27% | ― | ― | -31.13% | |
43 Neutral | AU$59.09M | -2.46 | -41.37% | ― | -53.41% | 70.61% |
* Basic Materials Sector Average
AU:CAV
Carnavale Resources Limited
0.08
>-0.01
-3.61%
AU:PNN
PepinNini Minerals Limited
0.14
0.08
125.00%
AU:JLL
Jindalee Resources Limited
0.36
0.01
3.50%
AU:GAL
Galileo Mining Ltd.
0.11
-0.03
-18.52%
AU:RTR
Rumble Resources Limited
0.04
0.02
100.00%
AU:LEX
Lefroy Exploration Ltd.
0.12
<0.01
9.09%
Carnavale Resources Limited Corporate Events
Carnavale director Ron Gajewski to retire after two decades of leadership
Jun 8, 2026
Carnavale Resources has announced the retirement of long-serving director Ron Gajewski, effective 30 June 2026, marking the departure of a key figure who has guided the company since before its 2007 listing. The board credited Gajewski with shapin...
Carnavale Resources Appoints Humphrey Hale as Director and Discloses Initial Security Interests
May 6, 2026
Carnavale Resources Limited has appointed Humphrey Hale as a director, effective 6 May 2026, and disclosed his initial interests in the company’s securities in line with ASX listing rules. Hale holds 852,813 fully paid ordinary shares, 2,000...
Carnavale flags Kookynie as near-term gold production asset
May 6, 2026
Carnavale Resources Limited has released an investor presentation highlighting its Kookynie Gold Project as a near-term production asset, underpinned by updated mineral resource estimates and economic studies. The company emphasizes that recent wo...
Carnavale elevates Humphrey Hale to managing director to drive Kookynie Gold push
May 5, 2026
Carnavale Resources has promoted industry veteran Humphrey Hale from chief executive to managing director, tasking him with steering the company through its next growth phase as it pushes the Kookynie Gold Project toward production. Hale, who join...
Carnavale Tightens Kookynie Gold Data as BFS Targets Shovel-Ready Status in 2026
Apr 27, 2026
Carnavale Resources reported strong progress at its Kookynie Gold Project in the March 2026 quarter, highlighted by the granting of the key mining lease covering all project resources. Intensive metallurgical, geotechnical, and infill reverse circ...
Carnavale Confirms Bonanza Gold Grades as Kookynie Feasibility Advances
Apr 19, 2026
Carnavale Resources has reported further high-grade gold intercepts from recent reverse circulation and diamond drilling at its Kookynie Gold Project, confirming strong continuity of near-surface mineralisation at the Swiftsure and Tiptoe deposits...
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.