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Canterbury Resources Ltd. (AU:CBY)
ASX:CBY
Australian Market

Canterbury Resources Ltd. (CBY) AI Stock Analysis

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AU:CBY

Canterbury Resources Ltd.

(Sydney:CBY)

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Neutral 46 (OpenAI - 5.2)
,
Neutral 46 (OpenAI - 5.2)
,
Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.03
▲(0.00% Upside)
Action:DowngradedDate:01/28/26
The score is held back primarily by weak financial performance (declining revenue, very large losses, and negative operating cash flow) despite a low-leverage balance sheet. Technicals are supportive with price above major moving averages and positive MACD, but the extremely overbought RSI increases near-term risk. Valuation remains challenged due to negative earnings and no dividend yield provided.
Positive Factors
Low Leverage
Very low debt-to-equity (0.0265) gives Canterbury a conservative capital structure and reduces financial distress risk. That balance sheet strength preserves flexibility to fund multi-year, capital-intensive exploration programs and improves ability to obtain financing on better terms.
Improving Free Cash Flow
Material free cash flow growth (62.65%) and a positive free cash flow to net income ratio indicate improving cash generation capacity despite losses. This enhances the company’s ability to fund ongoing exploration, reduces immediate reliance on capital markets, and lengthens operational runway.
Positive Gross Margin
A reported positive gross profit margin suggests the core project economics or operational output can be economically viable. If management controls overhead and exploration spend, favourable gross margins provide a foundation for eventual profitability as revenue stabilises and projects scale.
Negative Factors
Revenue Decline
A 26.68% drop in revenue signals weakening underlying sales or project monetisation, which undermines the company’s ability to self-fund exploration and development. Persistent revenue declines make it harder to reach break-even and increase the probability of future external financing or project delays.
Deep Losses & Negative Margins
Very large net losses (net margin -213.41%), negative EBIT/EBITDA margins and negative ROE (-9.48%) indicate the business is destroying equity and not covering operating costs. This persistent unprofitability constrains reinvestment, forces dilutive fundraising, and weakens long-term shareholder value creation.
Negative Operating Cash Flow
Operating cash flow remains negative and the operating cash flow to net income ratio is unfavourable (-1.25), meaning core operations are not generating cash. Continued negative OCF necessitates external funding for ongoing activity, raising financing risk and potentially delaying project advancement.

Canterbury Resources Ltd. (CBY) vs. iShares MSCI Australia ETF (EWA)

Canterbury Resources Ltd. Business Overview & Revenue Model

Company DescriptionCanterbury 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 Moneynull

Canterbury Resources Ltd. Financial Statement Overview

Summary
Financials are weak overall: revenue fell 26.68% and profitability is deeply negative (net margin -213.41%) with negative EBIT/EBITDA margins. The balance sheet is conservatively levered (debt-to-equity 0.0265), but negative ROE (-9.48%) shows continued value destruction. Cash flow shows improvement (free cash flow growth 62.65%) but operating cash flow remains negative.
Income Statement
30
Negative
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
55
Neutral
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
40
Negative
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.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue148.61K502.53K434.62K214.88K0.000.00
Gross Profit146.38K502.53K434.62K188.93K-28.13K-22.83K
EBITDA-1.24M-969.81K-690.67K-790.38K-1.76M-1.29M
Net Income-1.31M-1.07M-705.18K-817.81K-1.80M-1.31M
Balance Sheet
Total Assets12.27M12.06M12.49M11.59M11.48M11.90M
Cash, Cash Equivalents and Short-Term Investments923.08K704.63K753.02K294.45K362.80K545.57K
Total Debt0.00300.00K400.00K13.89K33.72K52.39K
Total Liabilities338.28K750.53K1.25M278.90K244.60K229.78K
Stockholders Equity11.93M11.31M11.24M11.32M11.23M11.67M
Cash Flow
Free Cash Flow-1.32M-876.73K-570.04K-978.16K-1.89M-1.87M
Operating Cash Flow-1.32M-876.73K-563.80K-871.16K-1.62M-814.72K
Investing Cash Flow29.07K76.46K26.54K-34.00K-229.12K-1.05M
Financing Cash Flow755.68K808.22K997.62K836.81K978.69K2.36M

Canterbury Resources Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.03
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
41.66
Neutral
STOCH
20.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBY, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.66 is Neutral, neither overbought nor oversold. The STOCH value of 20.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CBY.

Canterbury Resources Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
AU$21.50M-0.54-44.43%
48
Neutral
AU$3.68M-3.08-5.43%
46
Neutral
AU$8.36M-2.32-11.24%-17.39%
46
Neutral
AU$8.54M-0.38-311.11%21.91%
44
Neutral
AU$10.41M-1.70-100.35%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CBY
Canterbury Resources Ltd.
0.03
<0.01
40.91%
AU:PKO
Peako Limited
AU:ALV
Alvo Minerals Limited
0.03
-0.02
-38.46%
AU:HWK
Alderan Resources Ltd.
0.04
0.02
77.27%
AU:PNT
Panther Metals Ltd.
0.01
>-0.01
-41.18%

Canterbury Resources Ltd. Corporate Events

Canterbury Issues New Shares to Extend Morobe JV Earn-In Period
Mar 13, 2026

Canterbury Resources has issued 3,125,000 fully paid ordinary shares at $0.032 each as consideration for extending the Stage 1 earn-in period under the Morobe Joint Venture Agreement, bringing its total shares on issue to 272,798,164. The shares were issued under the company’s existing placement capacity and will rank equally with existing stock, and Canterbury has confirmed regulatory compliance and the absence of undisclosed material information, providing assurance to investors about the transparency of this capital move.

By using its placement capacity rather than a separate disclosure-based offer, Canterbury has efficiently structured the equity component tied to the joint venture timetable while maintaining adherence to Corporations Act requirements. This step supports the continuity of the Morobe project earn-in and signals the company’s intent to progress its joint venture interests without triggering additional disclosure obligations or diluting shareholder protections.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Seeks ASX Quotation for New Share Issue
Mar 13, 2026

Canterbury Resources Ltd. has applied to the ASX for quotation of 3,125,000 new ordinary fully paid shares under code CBY, with an issue date of March 13, 2026. The additional shares, issued pursuant to a previously announced transaction, will expand the company’s quoted capital base and may modestly enhance liquidity for existing and new shareholders.

The move signals ongoing capital-raising or transaction activity supporting Canterbury Resources’ exploration and development initiatives. By increasing the volume of listed securities, the company positions itself to access funding more effectively and potentially improve its market visibility within the resource sector.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Releases Half-Year 2025 Consolidated Financial Report
Mar 13, 2026

Canterbury Resources Limited has released its condensed consolidated financial report for the half-year ended 31 December 2025. The report package includes the directors’ report, auditor’s independence declaration, reviewed financial statements, notes, and declarations, providing stakeholders with an overview of the company’s financial position and performance for the period.

This interim disclosure is part of Canterbury’s regular reporting cycle and supports transparency around its operations and capital structure. By publishing a reviewed half-year report, the company offers investors and regulators updated insight into its financial health ahead of the full-year accounts.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Plans New Share Placement to Raise Capital
Mar 5, 2026

Canterbury Resources Ltd., the ASX-listed resources company trading under code CBY, continues to leverage equity markets as part of its broader funding and corporate strategy. The company’s operations are supported by ordinary fully paid shares, which serve as its primary instrument for capital raising and shareholder participation.

The company has announced a proposed placement of up to 3,125,000 ordinary fully paid shares. The new securities are scheduled for issue on 2 April 2026, signalling an upcoming capital injection that may support Canterbury Resources’ ongoing activities and strengthen its financial position ahead of future operational needs.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Extends Morobe JV Earn-In Terms and Secures Optional Equity Subscription
Mar 5, 2026

Canterbury Resources has amended its Morobe joint venture agreement with Syndicate Minerals, granting Syndicate an option to extend the Stage 1 earn-in period by 12 months to 29 May 2028, while preserving the staged pathway for Syndicate to earn up to a 70% interest by funding US$20 million in exploration. The structure remains at US$5 million for an initial 40% and a further US$15 million for an additional 30%, with Canterbury continuing to manage work programs, and the amendment is accompanied by an option for Syndicate or its nominee to subscribe for $100,000 of Canterbury shares at a discounted price under the company’s existing placement capacity.

The Morobe joint venture covers a suite of copper and gold tenements, including the Wamum project with significant inferred resources and several undrilled porphyry prospects, underscoring the strategic potential of the region for both parties. The share subscription component provides Canterbury with additional funding flexibility while reinforcing Syndicate’s alignment and commitment to advancing exploration across the Morobe portfolio, which could enhance the project pipeline and long-term value for stakeholders if exploration outcomes are positive.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Advances Briggs Copper Project to Pre-Feasibility After Robust Study
Jan 29, 2026

Canterbury Resources has advanced its flagship Briggs copper project in Queensland with the completion of a Scoping Study evaluating a very large-scale, long-life open-pit operation producing copper concentrate, and has committed with its joint venture partner to a Pre-feasibility Study featuring infill drilling, detailed metallurgical test work, process optimisation studies and baseline environmental surveys. Strong assay results from two deep diamond drill holes at Briggs and plans for a major infill and extensional drilling campaign, alongside continued early-stage target evaluation at the Waits Creek and Ekuti Range projects in Papua New Guinea and the recent completion of a A$1.24 million share purchase plan, collectively underscore the company’s push to de-risk and grow its copper-focused asset base and position itself for potential future development decisions.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury hits record copper intersections at Briggs, paving way for PFS-driven expansion
Jan 26, 2026

Canterbury Resources has reported strong final assay results from its 2025 drilling program at the Briggs copper project in Central Queensland, with two deep core holes intersecting extensive porphyry copper-molybdenum-silver mineralisation. Hole 25BRD0037 delivered the longest mineralised intersection recorded at Briggs, with 620m at 0.25% copper from near surface and several higher-grade zones at depth, while hole 25BRD0038 returned one of the project’s highest-grade intervals, including 30m at 0.90% copper from 35m. The company says the results are consistent with its existing resource model, support extending the depth of the indicated resource in the Mineral Resource Estimate, and enhance confidence in identifying near-surface higher-grade material suitable for a starter pit. Strong correlation between mineralised zones and copper-in-soil anomalies is helping prioritise infill drilling, and upcoming drilling to the northwest will form the first phase of a major infill campaign underpinning a prefeasibility study recently approved by the project’s joint venture partners, reinforcing Briggs’ status as a significant Australian copper development opportunity.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Says No Undisclosed Information Behind Share Price Moves
Jan 15, 2026

Canterbury Resources Limited has responded to an ASX price query, stating it is unaware of any undisclosed information that could explain recent trading in its securities. The company advised it has no alternative explanation for the share price movements, confirmed it is complying with ASX Listing Rules, particularly continuous disclosure obligations, and noted that its responses were authorised by the board, aiming to reassure investors and regulators about its disclosure practices.

The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.

Canterbury Resources Flags Isolated Late Notice on Director Share Sale
Jan 2, 2026

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
Jan 2, 2026

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.

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.Date of analysis: Jan 28, 2026