Canterbury Resources Ltd. (CBY) AI Stock Analysis

• Market Cap: AU$7.01M
• Dividend Yield: N/A
• Average Volume (3M): 180.84K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.24
• Revenue Growth: N/A
• EPS Growth: -17.39%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 269,673,160
• 10 Day Avg. Volume: 284,200
• 30 Day Avg. Volume: 180,838
• PEG Ratio: -0.20
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 10.86
• P/FCF Ratio: -6.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: AU$0.03 ▼(-16.67% Downside)

The score is primarily driven by weak financial performance (declining revenue, heavy losses, and negative operating cash flow), partially offset by a low-leverage balance sheet and improved free cash flow. Technicals are mixed, with overbought signals (high RSI) despite generally supportive longer-term moving averages. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Low leverage / strong balance sheet

Very low debt provides durable financial flexibility for a junior explorer. It reduces insolvency risk during long project timelines, makes the company a more attractive JV partner, and preserves capacity to raise capital or fund exploration through equity without immediate debt servicing pressure.

Improving free cash flow

A substantial rise in free cash flow signals improved cash conversion or tighter capital discipline, which can sustain exploration activity and reduce near-term funding needs. Over months, stronger FCF can underwrite project work programs or make the company less reliant on dilutive financing.

Strategic commodity and jurisdiction exposure

Concentrated exposure to copper and gold in Australia and PNG aligns with long-term structural demand (electrification, decarbonisation, store-of-value). Projects in established mining jurisdictions improve chances of partner interest, permitting progress, and eventual commercialisation over multi‑year horizons.

Negative Factors

Declining revenue and deep losses

Material revenue contraction and very large negative net margins indicate persistent inability to monetize operations or progress to revenue-generating activities. Over the medium term this erodes capital, weakens investor confidence, and complicates funding or development of discovery-stage projects.

Negative operating cash flow

Sustained negative operating cash flow means core activities consume cash, forcing dependence on external financing. Even with FCF gains, ongoing negative OCF limits ability to self-fund exploration and increases execution risk for multi‑year project development without repeated capital raises.

Reliance on equity financing

A funding model reliant on equity issuance creates recurring dilution risk and ties project advancement to capital market access. In adverse market cycles or weak results, the company may face funding delays or unfavorable terms, reducing long-term shareholder returns and project control.

Canterbury Resources Ltd. Business Overview & Revenue Model

Company Description

Canterbury Resources Limited explores for mineral properties in Australia and Papua New Guinea. The company primarily explores for copper, molybdenum, and gold deposits. Its property portfolio includes 100% owned Briggs, Mannersley, and Fig Tree tenements located in central Queensland; and Ekuti Range, Wamum, and Bismarck projects located in Papua New Guinea. The company was incorporated in 2011 and is based in Pyrmont, Australia.

How the Company Makes Money

Canterbury Resources Ltd. generates revenue primarily through the exploration and eventual development of its mineral projects. The company typically raises funds through equity financing, issuing shares to investors to finance its exploration activities. Successful discovery of mineral resources can lead to partnerships or joint ventures with larger mining companies, which may provide additional funding or resources in exchange for a stake in the project. Revenue may also be generated through the sale of mineral resources once mining operations commence, depending on the outcomes of exploration and development phases. Additionally, government grants or incentives for mineral exploration may contribute to the company's financial resources.

Canterbury Resources Ltd. Financial Statement Overview

Summary

Canterbury Resources Ltd. faces significant financial challenges, with declining revenues and persistent losses impacting profitability. The balance sheet is stable with low leverage, but profitability issues are evident with a negative return on equity. Cash flow improvements are noted, but operational cash generation remains weak.

Income Statement

Canterbury Resources Ltd. has faced significant challenges in its income statement. The company experienced a substantial revenue decline of 26.68% in the most recent year, indicating potential demand issues or market conditions affecting sales. The net profit margin is deeply negative at -213.41%, reflecting ongoing losses. Despite a positive gross profit margin, the negative EBIT and EBITDA margins highlight operational inefficiencies. Overall, the income statement shows a struggling financial performance with limited growth prospects.

Balance Sheet

The balance sheet of Canterbury Resources Ltd. shows a relatively low debt-to-equity ratio of 0.0265, indicating conservative leverage and a strong equity base. However, the return on equity is negative at -9.48%, suggesting that the company is not generating sufficient returns on its equity investments. The equity ratio is healthy, reflecting a solid capital structure, but the negative ROE points to profitability challenges. Overall, the balance sheet is stable but lacks profitability.

Cash Flow

The cash flow statement reveals a mixed picture for Canterbury Resources Ltd. The company has seen a significant free cash flow growth of 62.65%, which is a positive sign. However, the operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable at -1.25, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses with free cash flow. Overall, cash flow improvements are noted, but operational cash generation remains weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	502.53K	502.53K	434.62K	214.88K	0.00	0.00
Gross Profit	502.53K	502.53K	434.62K	188.93K	-28.13K	-22.83K
EBITDA	-969.81K	-969.81K	-690.67K	-790.38K	-1.76M	-1.29M
Net Income	-1.07M	-1.07M	-705.18K	-817.81K	-1.80M	-1.31M
Balance Sheet
Total Assets	12.06M	12.06M	12.49M	11.59M	11.48M	11.90M
Cash, Cash Equivalents and Short-Term Investments	704.63K	704.63K	753.02K	294.45K	362.80K	545.57K
Total Debt	300.00K	300.00K	400.00K	13.89K	33.72K	52.39K
Total Liabilities	750.53K	750.53K	1.25M	278.90K	244.60K	229.78K
Stockholders Equity	11.31M	11.31M	11.24M	11.32M	11.23M	11.67M
Cash Flow
Free Cash Flow	-876.73K	-876.73K	-570.04K	-978.16K	-1.89M	-1.87M
Operating Cash Flow	-876.73K	-876.73K	-563.80K	-871.16K	-1.62M	-814.72K
Investing Cash Flow	76.46K	76.46K	26.54K	-34.00K	-229.12K	-1.05M
Financing Cash Flow	808.22K	808.22K	997.62K	836.81K	978.69K	2.36M

Canterbury Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBY, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 78.73 is Negative, neither overbought nor oversold. The STOCH value of 194.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CBY.

Canterbury Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALV	54 Neutral	AU$19.01M	-2.52	-171.73%	―	―	21.91%
PNT	46 Neutral	AU$4.08M	-5.88	-6.18%	―	―	―
CBY	45 Neutral	AU$7.01M	-4.81	-9.51%	―	―	-17.39%
HWK	45 Neutral	AU$27.79M	-4.49	-53.09%	―	―	―
PKO	44 Neutral	AU$5.95M	―	-161.53%	―	―	―

Canterbury Resources Ltd. Corporate Events

Canterbury Resources Flags Isolated Late Notice on Director Share Sale

Canterbury Resources Limited has disclosed a change in director’s interests following an on-market sale of 100,000 fully paid ordinary shares in the company on 22 December 2025 by an associate of director Michael Erceg. The company explained that the resulting Appendix 3Y notice was lodged late due to an administrative oversight, but stated that the issue was promptly rectified once identified, and emphasised that its directors understand their disclosure obligations under the ASX Listing Rules. Canterbury described the delay as an isolated incident and expressed confidence that its existing reporting and notification processes remain adequate to ensure ongoing compliance, suggesting limited operational or governance impact beyond reaffirming its commitment to market transparency.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Options Lapse, Simplifying Capital Structure

Canterbury Resources Limited has announced the lapse of 5,000,000 listed options (ASX code CBYAP) that expired on 31 December 2025 with an exercise price of $0.08, without being exercised or converted. The expiry of these options reduces the company’s pool of potential equity overhang from convertible securities, slightly simplifying its capital structure but not directly affecting current issued share capital, and may signal limited demand at the option strike price at the time of expiry.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Reports Strong Copper Mineralisation at Briggs

Canterbury Resources Limited has completed its 2025 drilling program at the Briggs site in Central Queensland, reporting strong visual copper mineralisation in the final drill hole, 25BRD0038. This development is part of a high-priority infill program supporting a Prefeasibility Study for a potential large-scale copper mine. The recent drilling results align with the company’s geological model and are expected to enhance and expand the existing mineral resource estimate, with further drilling planned for 2026.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Announces Director’s Interest Change

Canterbury Resources Ltd. has announced a change in the director’s interest, specifically regarding John Anderson, who has acquired 500,000 unquoted options exercisable at $0.03, expiring on 30 June 2028. This acquisition was made under the Employee Share and Option Plan following shareholder approval at the annual general meeting. The change signifies a strategic alignment of interests between the company’s leadership and its stakeholders, potentially impacting the company’s future operational strategies and market positioning.

Canterbury Resources Issues New Equity Securities as Part of Employee Incentive Scheme

Canterbury Resources Ltd. has announced the issuance of 2,500,000 unquoted equity securities in the form of options, set to expire on June 30, 2028, with an exercise price of $0.03. This move is part of an employee incentive scheme and is not intended for quotation on the ASX, indicating a strategic effort to retain and motivate key personnel, which could strengthen the company’s operational capabilities and competitive stance in the mining sector.

Canterbury Resources Secures Strong Shareholder Support at AGM

Canterbury Resources Limited announced the successful outcome of all resolutions put forward at its Annual General Meeting held on November 21, 2025. The resolutions, which included the adoption of the remuneration report, re-election of directors, appointment of an auditor, and approval of various share and option issues, were all carried by a significant majority. This outcome reflects strong shareholder support and positions the company well for future strategic initiatives and operational growth.

Canterbury Resources Reports Promising Initial Assay Results at Briggs Copper Project

Canterbury Resources Limited announced initial assay results from its deep drilling activities at the Briggs Copper Project in central Queensland, revealing significant copper mineralization. The results from drill hole 25BRD0037 show promising copper, molybdenum, and silver concentrations, with further results expected soon. The drilling program, partially funded by a government grant, aims to support the company’s Prefeasibility Study and update the Briggs Mineral Resource Estimate. The ongoing drilling efforts are crucial for validating geological models and enhancing resource estimates, potentially impacting the company’s market positioning and stakeholder interests.

Canterbury Resources Advances Briggs Copper Project with Positive Scoping Study

Canterbury Resources Limited has announced the completion of a positive Scoping Study for the Briggs Copper Project in Central Queensland, which indicates the potential for a large-scale copper mine. The study highlights a Mineral Resource Estimate of 2Mt copper, with promising metallurgical test results showing high copper recovery rates. The company, in partnership with Alma Metals Limited, is moving forward with prefeasibility studies to further assess the project’s viability, including detailed drilling and environmental surveys. The project’s strategic location near significant infrastructure enhances its potential, and the ongoing studies aim to increase resource confidence and explore additional value-adding opportunities.

Canterbury Resources Advances Briggs Copper Project with Successful Deep Drilling

Canterbury Resources Limited has successfully completed a deep drill hole, 25BRD0037, at its Briggs Copper Project in Central Queensland, reaching a depth of 809.9 meters. The drilling confirmed the presence of porphyry copper-style mineralization along the entire core, with the strongest mineralization observed near the contact between porphyritic granodiorite and volcanic sediments. The project is partially funded by a $250,000 grant from the Queensland Government, and the drilling program has been extended with a new hole, 25BRD0038, to further evaluate the mineralization. This development supports the company’s geological models and enhances the project’s definition, potentially impacting resource expansion and metallurgical studies.

Canterbury Resources Ltd. Director Increases Shareholding

Canterbury Resources Ltd. announced a change in the director’s interest, with Grant Craighead acquiring an additional 1,476,867 shares through participation in the 2025 Share Purchase Plan. This acquisition increases his indirect holdings, potentially signaling confidence in the company’s future prospects and impacting shareholder perceptions positively.

Canterbury Resources Lists New Securities on ASX

Canterbury Resources Limited has announced the quotation of 62,232,268 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 29, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and providing stakeholders with new investment opportunities.

Canterbury Resources Schedules 2025 Annual General Meeting

Canterbury Resources Limited has announced its 2025 Annual General Meeting, scheduled for November 21, 2025, to be held in person in Pyrmont, NSW. Shareholders are encouraged to participate by voting online or via proxy, with instructions provided in the Notice of Meeting available on the company’s website. This meeting is significant for shareholders as it involves important decisions affecting their shareholding.

Canterbury Resources Ltd. Announces Closing Date for Share Purchase Plan

Canterbury Resources Ltd. has announced the closing date for its Share Purchase Plan (SPP), which offers eligible shareholders the opportunity to purchase up to $30,000 worth of shares at 2.0 cents per share without additional transaction costs. This initiative aims to raise approximately $0.75 million, potentially enhancing the company’s financial position and allowing it to further its operational goals.

Canterbury Resources Advances Briggs Copper Project and Expands Exploration Efforts

Canterbury Resources Limited has announced significant progress in its Briggs Copper Project, with the completion of a scoping study imminent. The project, one of the largest undeveloped copper projects in Australia, is expected to yield strong financial returns due to favorable factors such as low strip ratio and excellent local infrastructure. Additionally, the company is advancing its exploration efforts with a deep diamond drill hole and planning further drilling programs to enhance resource estimates. Canterbury is also expanding its portfolio with the acquisition of the Jack Shay Project and is conducting a share purchase plan to raise capital.