Codrus Minerals Ltd (CDR) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 658.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.34
• Revenue Growth: N/A
• EPS Growth: 59.93%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 206,734,380
• 10 Day Avg. Volume: 1,124,086
• 30 Day Avg. Volume: 658,483
• PEG Ratio: 0.04
• Price to Book (P/B): 3.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.61
• 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$0.02 ▲(15.00% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is held down primarily by weak financial performance (ongoing losses, inconsistent revenue, and sustained cash burn, despite low debt). Technicals are mixed with some longer-term support but soft short-term momentum, and valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Low leverage

Zero reported debt in FY2025 materially lowers financial risk and interest burden, giving management greater flexibility to fund exploration or operations without immediate refinancing. This structural balance-sheet conservatism supports survivability through commodity cycles and raises optionality over months.

Reduced cash burn

A tangible reduction in operating cash outflow year-over-year indicates improving operational discipline and lower near-term funding needs. If sustained, this trend increases runway and reduces dilution risk, strengthening the company’s ability to execute exploration or development plans over several months.

Gold sector exposure

Operating in the gold sector provides structural demand support and persistent investor interest in precious-metals exposure. For a junior miner, this industry alignment preserves strategic optionality: commodity upside and M&A interest can translate into durable avenues for capital or asset monetization over time.

Negative Factors

Persistent losses

Multi-year negative EBIT and free cash flow signal the company has not achieved operating scale and remains dependent on external financing. Continued losses erode flexibility, limit reinvestment capacity, and leave long-term viability tied to successful financing or a material operational turnaround.

Minimal, inconsistent revenue

The absence of stable, positive revenue undermines prospects for margin expansion and predictable cash generation. With revenue falling to zero recently, the business lacks a durable operating base, increasing execution risk and making sustained progress reliant on non-operational funding or milestone events.

Eroding equity

Substantial equity erosion over several years weakens the capital buffer and signals repeated funding or operating shortfalls. This structural decline increases the likelihood of future dilution or difficult financing terms, limiting long-term shareholder value unless profitability or capital structure stabilizes.

Codrus Minerals Ltd Business Overview & Revenue Model

Company Description

Codrus Minerals Limited engages in the exploration of mineral properties. It explores for gold and nickel deposits. The company holds a 100% interest in the Silver Swan South, Red Gate, and Middle Creek projects in Western Australia. It also has a 100% interest in the Bull Run project in Baker County, eastern Oregon. The company was incorporated in 2014 and is based in West Perth, Australia. Codrus Minerals Limited is a subsidiary of Blackstone Minerals Limited.

How the Company Makes Money

null

Codrus Minerals Ltd Financial Statement Overview

Summary

Income statement and cash flow are very weak: persistent losses (negative EBIT/net income) and ongoing negative operating/free cash flow through FY2021–FY2025. While losses and cash burn improved in FY2025 versus FY2024, revenue is minimal and inconsistent (falling back to zero in FY2025). Balance sheet leverage is low (no debt in FY2025), but equity has eroded substantially over time, reflecting continued funding and execution risk.

Income Statement

The company remains in a loss-making phase with negative EBIT and net income across all recent years (FY2021–FY2025). Revenue is minimal and inconsistent (A$300k in FY2024, falling back to zero in FY2025 with -100% revenue growth), indicating no sustained operating scale yet. Losses have narrowed versus FY2024 (net loss improved from about -A$3.16m to about -A$1.81m in FY2025), but profitability is still structurally weak and highly dependent on future execution rather than current operations.

Balance Sheet

Leverage is low, with zero debt in FY2025 and modest debt in FY2024 (debt-to-equity ~0.06), which reduces financial risk. However, equity has trended down meaningfully from FY2021 to FY2025 (from ~A$7.25m to ~A$1.39m), reflecting ongoing losses and cash burn. Returns on equity are deeply negative in recent years (roughly -1.3 to -1.6), signaling that shareholder capital is not currently generating profits.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative each year from FY2021–FY2025 (FY2025 operating/free cash flow around -A$1.41m). Cash burn has improved versus FY2024 (operating cash outflow reduced from ~-A$1.83m to ~-A$1.41m), but free cash flow growth is negative in FY2025 (about -11.8%), showing volatility rather than a steady improvement trend. Overall, the business is still reliant on funding rather than internally generated cash.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	300.00K	0.00	0.00	0.00
Gross Profit	-2.70K	300.00K	-14.44K	-5.88K	0.00
EBITDA	-1.78M	-3.10M	-2.68M	-4.09M	-1.14M
Net Income	-1.81M	-3.16M	-2.70M	-4.10M	-6.44M
Balance Sheet
Total Assets	1.93M	2.37M	1.98M	4.21M	7.53M
Cash, Cash Equivalents and Short-Term Investments	1.83M	2.15M	1.83M	4.06M	7.44M
Total Debt	0.00	120.93K	0.00	0.00	0.00
Total Liabilities	543.91K	385.20K	272.14K	301.60K	278.03K
Stockholders Equity	1.39M	1.98M	1.71M	3.91M	7.25M
Cash Flow
Free Cash Flow	-1.41M	-1.83M	-2.22M	-3.40M	-9.28K
Operating Cash Flow	-1.41M	-1.83M	-2.19M	-3.36M	-9.28K
Investing Cash Flow	13.00K	300.00K	-117.77K	-40.26K	0.00
Financing Cash Flow	1.15M	1.84M	15.77K	21.46K	7.45M

Codrus Minerals Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CDR, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.73 is Neutral, neither overbought nor oversold. The STOCH value of -73.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CDR.

Codrus Minerals 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%
RAS	48 Neutral	AU$6.14M	-2.11	-139.36%	―	168.85%	13.51%
SFM	47 Neutral	AU$56.99M	-2.79	-28.97%	―	―	5.93%
CDR	45 Neutral	―	-0.88	-221.31%	―	―	59.93%
DAF	45 Neutral	AU$4.65M	-7.90	-127.91%	―	―	80.88%
WSR	43 Neutral	AU$3.22M	-0.22	-164.84%	―	―	76.76%
GNM	41 Neutral	AU$17.00M	-0.72	-92.34%	―	―	69.23%

Codrus Minerals Ltd Corporate Events

Codrus Minerals Files Interim Half-Year Financial Report for 31 December 2025

Codrus Minerals has lodged its interim half-year financial report for the period ended 31 December 2025, providing investors with updated financial statements and disclosures. The release signals ongoing compliance with reporting obligations and offers stakeholders visibility over the company’s financial position and performance at the half-year mark.

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

Codrus Minerals Uncovers High-Grade Molybdenum at Bull Run, Plans Follow-Up Exploration

Codrus Minerals has identified high-grade molybdenum mineralisation of up to 4.2% at its Bull Run Gold Project in Oregon, associated with porphyry-style alteration typical of Cu-Au-Mo systems. The mineralisation occurs in the historic Record Mine area, particularly in the Lady May and Whited zones, and is supported by coincident soil anomalies and IP chargeability data indicating potential extensions beyond currently defined targets.

The company is now designing a follow-up field program to advance the molybdenum targets toward drilling, while three of five priority gold targets along a roughly 2km strike remain untested. Codrus is also negotiating a new agreement over 11 Record Mine claims while retaining full ownership of 91 surrounding claims, positioning the project as a potentially significant polymetallic and critical metals opportunity with multiple avenues for future value creation.

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

Codrus Confirms Gold Potential at Bull Run as It Refines Global Exploration Portfolio

Codrus Minerals has reported initial diamond drilling results from its Bull Run Gold Project in Oregon, where three holes tested two of five high-priority targets along the Lady May and Whited vein systems, delivering moderate gold intercepts and confirming the geometry, continuity and prospectivity of the hydrothermal vein system. The company is now reviewing gold observations from these holes to guide follow-up work, with future exploration expected to focus on adjacent untested geochemical and geophysical targets, while it continues to streamline and refocus its portfolio through the agreed sale of its Middle Creek Project in Western Australia to Moho Resources and advances target refinement at its Jasper Wedge Project in Canada, underscoring an ongoing strategy of value-accretive, exploration-led growth.

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

Codrus Minerals Denies Undisclosed Information Behind Share Price and Volume Move

Codrus Minerals Limited has responded to an ASX price and volume query, stating it is not aware of any undisclosed information that could explain recent unusual trading in its shares and that it has no alternative explanation for the trading activity. The company reaffirmed its compliance with ASX Listing Rule 3.1 on continuous disclosure and confirmed that its response to the query was authorised in line with its governance framework, aiming to reassure investors and the market about its adherence to regulatory requirements.

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

Codrus Minerals Reshapes Corporate Leadership and Moves to New West Perth Office

Codrus Minerals has overhauled key corporate roles, appointing experienced corporate lawyer and company secretary Maddison Cramer as Company Secretary and chartered accountant Jack Dowland as Chief Financial Officer, following the resignation of former Company Secretary Jamie Byrde, who will remain on the board as a Non-Executive Director. The company also updated its registered office and principal place of business to new premises in West Perth, signaling a refreshed corporate and administrative set-up that may enhance its governance, ASX compliance interface and financial management as it continues to operate in the mining and resources space.

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