Cobre Limited (AU:CBE)
ASX:CBE
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Cobre Limited
(Sydney:CBE)
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Rating:42Neutral
Price Target:
AU$0.15
â–²(54.00% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak fundamentals (unstable/limited revenue, continued losses, and negative cash flows), only partly mitigated by a strong balance sheet with no debt. Technical indicators also lean bearish, and valuation is not supportive due to negative earnings and no dividend.
Positive Factors
Low leverage / strong liquidity
A debt-free capital structure materially reduces bankruptcy and refinancing risk for an exploration business. Rising equity (to ~35.9M) provides a durable funding base to support multi-year drilling and permitting cycles without immediate reliance on expensive debt, improving strategic optionality.
Negative Factors
Unstable revenue base
Repeated zero-revenue years demonstrate the company lacks an operational revenue engine; exploration firms can remain reliant on capital raises until development or offtake deals occur. This structural absence of recurring revenue weakens self-sustainability over months and raises financing dependence.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong liquidity
A debt-free capital structure materially reduces bankruptcy and refinancing risk for an exploration business. Rising equity (to ~35.9M) provides a durable funding base to support multi-year drilling and permitting cycles without immediate reliance on expensive debt, improving strategic optionality.
Read all positive factors
Cobre Limited (CBE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$153.38M
Dividend YieldN/A
Average Volume (3M)1.16M
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue GrowthN/A
EPS Growth37.04%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding958,644,840
10 Day Avg. Volume969,917
30 Day Avg. Volume1,164,495
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.48
Price to Sales (P/S)0.00
P/FCF Ratio-8.17
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
Cobre Limited Business Overview & Revenue Model
Company Description
Cobre Limited engages in the exploration and evaluation of mineral properties. It explores for copper, gold, silver, and zinc deposits. The company holds 100% interest in the Perrinvale project covering an area of approximately 381 square kilomete...
How the Company Makes Money
null...
Cobre Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 758.60K | 0.00 | ― | 25.70K |
| Gross Profit | -29.48K | -26.11K | 758.60K | -1.40K | -1.34K | -1.50K |
| EBITDA | -3.59M | -2.10M | -1.63M | -1.45M | -1.46M | -2.69M |
| Net Income | -3.13M | -2.12M | -2.39M | -1.74M | -5.39M | -2.75M |
Balance Sheet | ||||||
| Total Assets | 50.59M | 42.70M | 31.51M | 31.50M | 18.68M | 18.26M |
| Cash, Cash Equivalents and Short-Term Investments | 7.17M | 4.59M | 980.63K | 5.76M | 2.73M | 8.15M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 1.88M | 532.06K |
| Total Liabilities | 8.74M | 6.80M | 928.24K | 726.59K | 2.28M | 1.21M |
| Stockholders Equity | 41.85M | 35.90M | 30.58M | 30.77M | 12.88M | 17.05M |
Cash Flow | ||||||
| Free Cash Flow | -2.49M | -2.12M | -6.64M | -9.98M | -2.28M | -3.33M |
| Operating Cash Flow | -2.38M | -2.01M | -1.34M | -2.06M | -1.20M | -1.17M |
| Investing Cash Flow | -8.44M | -5.74M | -5.61M | -9.58M | -5.62M | -3.07M |
| Financing Cash Flow | 15.30M | 11.35M | 2.16M | 14.67M | 1.41M | 5.21M |
Cobre Limited Technical Analysis
Positive
0.10
Price Trends
0.17
Negative
0.14
Positive
0.10
Positive
Market Momentum
>-0.01
Positive
48.89
Neutral
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBE, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CBE.
Cobre 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% | |
42 Neutral | AU$153.38M | -6.42 | -8.06% | ― | ― | 37.04% | |
| ― | AU$15.78M | -5.26 | ― | ― | ― | -11.76% | |
48 Neutral | AU$31.42M | -12.76 | -11.53% | ― | ― | 40.00% | |
47 Neutral | AU$9.06M | -6.22 | -6.75% | ― | ― | 16.67% | |
45 Neutral | AU$52.70M | -15.23 | -1.33% | ― | ― | ― | |
42 Neutral | AU$20.80M | -8.12 | -35.07% | ― | ― | -7.14% |
* Basic Materials Sector Average
AU:CBE
Cobre Limited
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Cobre Limited Corporate Events
Cobre Director Adjusts Equity Holdings as Options Lapse and New Performance Rights Granted
Apr 8, 2026
Cobre Limited has disclosed a change in the securities held by director Andrew Sissian, primarily reflecting the lapse of 3.1 million options held via Sissian International Pty Ltd and the issuance of 1 million performance rights to Sissian. Follo...
Cobre Issues 56 Million Unquoted Performance Rights Under Incentive Scheme
Apr 8, 2026
Cobre Limited has notified the market of the issue of 56,000,000 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, were issued on 8 April 2026 and are intended to reward and r...
Cobre Sets Out New ASX-Compliant Employee Rights Plan
Apr 8, 2026
Cobre Limited has adopted a new rights plan to govern the granting, vesting and exercise of share-based rights for eligible employees and executives. The plan is structured to align employee incentives with shareholder value while complying with A...
Cobre Limited Options Lapse Without Exercise, Simplifying Capital Structure
Apr 8, 2026
Cobre Limited has notified the market of changes to its capital structure following the expiry of a tranche of listed options. The company reported that 11,500,000 options exercisable at $0.335, which were due to expire on 6 April 2026, have lapse...
Cobre Director McNeilly Increases Shareholding After Shareholder Approval
Mar 31, 2026
Cobre Limited has disclosed a change in director David Michael McNeilly’s holdings, following shareholder approval at an extraordinary general meeting held on 25 March 2026. The filing notes that McNeilly’s interest is held directly an...
Cobre Secures A$60m for Chile Copper Mine as Sinomine Ups Botswana Bet
Mar 30, 2026
Cobre Limited has completed a A$60m equity raising at A$0.15 per share to fund its interest in acquiring the Sierra Atacama Copper Mine in northern Chile, following shareholder approval and execution of definitive agreements with Minera Salar Blan...
Cobre Expands Capital Base With Major Share Issuance and Cleansing Notice
Mar 30, 2026
Cobre Limited has issued 352,072,131 new ordinary shares at $0.15 each under the second tranche of a previously announced capital raising, following shareholder approval at an extraordinary general meeting on 25 March 2026. The company has also is...
Cobre Seeks ASX Quotation for 352 Million New Shares
Mar 30, 2026
Cobre Limited has applied for quotation of 352,072,131 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 30 March 2026. The substantial increase in quoted securities, arising from previously announced tran...
Cobre Seeks ASX Quotation for 25 Million New Shares Issued to Sinomine
Mar 30, 2026
Cobre Limited has applied to the Australian Securities Exchange for quotation of 25 million new ordinary fully paid shares, to be issued on 30 March 2026. The shares form part of an agreement with Sinomine that received shareholder approval on 25 ...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Mar 26, 2026
Cobre Limited has applied for quotation on the ASX of 342,308 new ordinary fully paid shares under its code CBE, with an issue date of 26 March 2026. The additional securities arise from the exercise or conversion of existing options or other conv...
Cobre Issues 40 Million Unlisted Options to Expand Equity Base
Mar 26, 2026
Cobre Limited has notified the market of the issue of 40,000,000 unlisted options, which are unquoted securities not intended to be traded on the ASX. The options were issued on 26 March 2026 as part of previously announced transactions, signallin...
Cobre shareholders back all resolutions at 2026 extraordinary meeting
Mar 25, 2026
Cobre Limited has reported the outcomes of its 2026 extraordinary general meeting, confirming that shareholders strongly backed all 15 resolutions by poll. The resolutions related primarily to ratifying prior share issues and approving new equity ...
Cobre Limited Seeks ASX Quotation for Additional 100,000 Shares
Mar 19, 2026
Cobre Limited has applied for quotation on the ASX of an additional 100,000 ordinary fully paid shares, which are scheduled to be issued and commence quotation on 19 March 2026. The modest size of this issuance suggests a routine capital or incent...
Cobre Deepens Kalahari Push and Moves Into Chile With Sierra Atacama Deal
Mar 13, 2026
Cobre Limited reported a half-year loss of $1.8 million to 31 December 2025 as it advanced copper exploration in Botswana’s Kalahari Copper Belt. The company’s results reflect higher exploration expenditure across its 100%-owned licenc...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Mar 5, 2026
Cobre Limited has lodged an application with the ASX for the quotation of 3,652,025 ordinary fully paid shares, to be issued on 5 March 2026 under the ticker CBE. The new securities arise from the exercise or conversion of existing options or othe...
Cobre Limited Seeks Quotation for 1.64 Million New ASX Shares
Feb 24, 2026
Cobre Limited has applied for the quotation of 1,641,103 ordinary fully paid shares on the ASX, with an issue date of 24 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, ...
Cobre Limited Calls Extraordinary General Meeting for March 2026
Feb 20, 2026
Cobre Limited has called an Extraordinary General Meeting of shareholders to be held on 25 March 2026 at the Sydney offices of Baker McKenzie, with the session scheduled to start at 11:00 a.m. AEDT. The company has circulated a notice and accompan...
Cobre Issues Tranche One Balance of New Shares Under Cleansing Provisions
Feb 20, 2026
Cobre Limited has issued 1,444,809 new ordinary shares at $0.15 per share as part of the remaining balance of tranche one of a previously announced capital raising. The issuance reflects the company’s ongoing efforts to strengthen its capita...
Cobre Limited Seeks ASX Quotation for 1.44 Million New Shares
Feb 20, 2026
Cobre Limited has applied for quotation on the ASX of 1,444,809 new ordinary fully paid shares under the code CBE, with an issue date of 20 February 2026. The additional securities, issued as part of a previously flagged transaction, will expand t...
Cobre Seeks Voluntary Trading Suspension Ahead of Material Acquisition News
Feb 11, 2026
Cobre Limited has requested and received a voluntary suspension of trading in its securities on the ASX, effective immediately, following an earlier trading halt lodged on 9 February 2026. The suspension will remain in place until the company rele...
Cobre Shares Halted Pending News of Material Acquisition and Placement
Feb 9, 2026
Cobre Limited has requested a trading halt in its securities on the ASX, as the company prepares to release an announcement concerning a material acquisition and a placement. Trading in Cobre shares will be paused until either the announcement is ...
Cobre Limited Seeks ASX Quotation for 1.79 Million New Shares
Jan 30, 2026
Cobre Limited has applied to the Australian Securities Exchange for quotation of 1,792,863 new fully paid ordinary shares, to be issued under the company’s existing ASX code CBE on 30 January 2026. The additional securities, arising from the...
Cobre Secures Funding and Permitting Milestones to Advance Botswana Copper Projects
Jan 28, 2026
Cobre Limited raised a total of A$5.5 million through strategic placements to Sinomine International Exploration and Tribeca Investment Partners to fund follow-up diamond drilling at its Okavango Copper Project and to accelerate development work o...
Cobre Limited Seeks ASX Quotation for Additional Ordinary Shares
Jan 23, 2026
Cobre Limited has applied to the ASX for quotation of 147,032 new fully paid ordinary shares under its existing ticker CBE, expanding its listed share capital. The additional securities, issued on 23 January 2026 following the exercise or conversi...
Cobre Advances Ngami Copper Project With Start of ISCR Wellfield Construction
Jan 20, 2026
Cobre Limited has begun construction of an In-Situ Copper Recovery (ISCR) production wellfield at its wholly owned Ngami Copper Project in Botswana, marking the first stage of a planned ISCR demonstration plant that will underpin resource drilling...
Cobre Limited Seeks ASX Quotation for 390,385 New Ordinary Shares
Jan 14, 2026
Cobre Limited has applied to the ASX for quotation of 390,385 new fully paid ordinary shares, issued on 13 January 2026, under its CBE ticker. The additional securities result from the exercise or conversion of existing options or other convertibl...
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.