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Cassius Mining Ltd
(Sydney:CMD)
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Rating:42Neutral
Price Target:
AU$0.03
â–¼(-13.33% Downside)
Action:Reiterated
Date:07/23/26
The score is primarily held down by weak financial performance (persistent losses, sustained negative operating/free cash flow, and declining equity despite zero debt). Technical conditions further pressure the rating as the price trades below all major moving averages with negative MACD and an extremely low RSI. Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Low leverage (zero debt)
A zero-debt capital structure materially reduces solvency risk and interest burden, giving the company durable financial flexibility. Over 2–6 months this lowers forced financing pressure, preserves optionality for strategic capital raises, and supports survival while operations are restructured.
Negative Factors
Persistent operating losses
Sustained large operating losses erode capital and indicate the company is not yet generating profitable operations. Over months this ongoing negative profitability increases the need for external funding, risks further dilution, and constrains investment in growth or exploration activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage (zero debt)
A zero-debt capital structure materially reduces solvency risk and interest burden, giving the company durable financial flexibility. Over 2–6 months this lowers forced financing pressure, preserves optionality for strategic capital raises, and supports survival while operations are restructured.
Read all positive factors
Cassius Mining Ltd (CMD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$18.82M
Dividend YieldN/A
Average Volume (3M)508.17K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue GrowthN/A
EPS Growth56.00%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding752,985,700
10 Day Avg. Volume433,546
30 Day Avg. Volume508,165
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)8.60
Price to Sales (P/S)120.74
P/FCF Ratio-6.64
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
Cassius Mining Ltd Business Overview & Revenue Model
Company Description
Established in 2005 and headquartered in Sydney, Australia, Cassius Mining Limited focuses on discovering and extracting mineral resources across both Australia and the African continent. The company organizes its business into two primary divisio...
How the Company Makes Money
null...
Cassius Mining Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06K | 103.02K | 10.11K | 2.62K | 11.00 | 104.02K |
| Gross Profit | 1.06K | 103.02K | 10.11K | 2.62K | 11.00 | 104.02K |
| EBITDA | -873.01K | 0.00 | -1.51M | -783.66K | -361.88K | -230.47K |
| Net Income | -1.55M | -2.96M | -1.51M | -784.00K | -362.00K | -230.00K |
Balance Sheet | ||||||
| Total Assets | 2.77M | 1.86M | 3.01M | 3.48M | 1.52M | 1.16M |
| Cash, Cash Equivalents and Short-Term Investments | 1.29M | 243.82K | 608.86K | 1.45M | 94.81K | 234.69K |
| Total Debt | 207.05K | 0.00 | 0.00 | 0.00 | 408.00K | 0.00 |
| Total Liabilities | 685.20K | 412.43K | 104.98K | 418.58K | 596.62K | 134.24K |
| Stockholders Equity | 2.08M | 1.45M | 2.90M | 3.06M | 927.46K | 1.03M |
Cash Flow | ||||||
| Free Cash Flow | -1.91M | -1.87M | -2.17M | -1.15M | -809.07K | -139.16K |
| Operating Cash Flow | -1.91M | -1.81M | -1.02M | -88.77K | -303.98K | -139.16K |
| Investing Cash Flow | -61.16K | -66.48K | -1.16M | -1.06M | -505.09K | 0.00 |
| Financing Cash Flow | 2.92M | 1.51M | 1.33M | 2.50M | 669.20K | 275.00K |
Cassius Mining Ltd Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
29.26
Positive
-33.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMD, the sentiment is Negative. The current price of 0.03 is above 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 29.26 is Positive, neither overbought nor oversold. The STOCH value of -33.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMD.
Cassius Mining Ltd 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% | |
45 Neutral | AU$25.01M | -9.77 | -13.50% | ― | ― | 3.73% | |
44 Neutral | AU$20.67M | -1.45 | -81.11% | ― | ― | -78.43% | |
44 Neutral | AU$19.11M | -6.36 | -8.97% | ― | ― | 94.80% | |
43 Neutral | AU$16.73M | -1.53 | -31.18% | ― | ― | -485.71% | |
43 Neutral | AU$22.90M | -8.64 | -19.40% | ― | ― | 6.36% | |
42 Neutral | AU$18.82M | -11.36 | -87.78% | ― | ― | 56.00% |
* Basic Materials Sector Average
AU:CMD
Cassius Mining Ltd
0.02
<0.01
9.09%
AU:IPT
Impact Minerals Limited
0.04
-0.06
-59.60%
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Auris Minerals Ltd.
0.02
<0.01
50.00%
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-57.14%
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Legacy Minerals Holdings Ltd.
0.12
-0.04
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TG Metals Ltd.
0.17
<0.01
3.13%
Cassius Mining Ltd Corporate Events
Cassius Mining Advances Ghana Arbitration Toward Final Decision
Jul 14, 2026
Cassius Mining Ltd has provided an update on its international arbitration case against the Government of Ghana, following an in-person hearing held at the Peace Palace in The Hague from 15 to 19 June 2026. The closed-door proceedings mark a signi...
Cassius Mining Issues New Shares Under Section 708A Framework
Jul 6, 2026
Cassius Mining Limited has issued 1,710,715 ordinary fully paid shares without a disclosure document, relying on provisions of the Corporations Act that allow certain capital raisings under Section 708A. The company confirmed it remains compliant ...
Cassius Mining Converts Note Interest Into New ASX-Quoted Shares
Jul 6, 2026
Cassius Mining Ltd, an ASX-listed mineral exploration company, issues ordinary fully paid shares under the CMD ticker, giving investors access to the mining sector through equity in its resource-focused operations.The company has applied for quota...
Cassius Mining Issues New Shares Under Regulatory Exemption
Jul 1, 2026
Cassius Mining Ltd has issued 1,261,933 ordinary fully paid shares without a disclosure document under the Corporations Act, relying on provisions that allow such an issue to sophisticated or exempt investors. The company confirmed it is in compli...
Cassius Mining Completes Bonus Option Issue and Discloses Top Holders
Jun 25, 2026
Cassius Mining Limited has completed the allotment of a bonus issue of listed options, exercisable at $0.03 and expiring on 8 June 2029, to shareholders on the register as at 18 June 2026. The company also released a distribution schedule and the ...
Cassius Mining Seeks ASX Quotation for 93.4 Million Options
Jun 25, 2026
Cassius Mining Ltd has applied for quotation on the ASX of 93,387,624 deferred options, each expiring on June 8, 2029. The new options, issued under code CMDO, expand the company’s listed securities base and may provide additional capital-ra...
Cassius Mining Options Lapse, Refining Capital Structure
Jun 18, 2026
Cassius Mining Ltd has confirmed the expiry of 10,000,000 CMDAA options, which were scheduled to expire on 16 June 2026 with an exercise price of A$0.06, and these options lapsed without being exercised or converted. The cessation of these options...
Cassius Mining Details Top Holders and Distribution of 2029 Listed Options
Jun 16, 2026
Cassius Mining Limited has released an indicative schedule of the top 20 holders of its listed options exercisable at $0.03 and expiring on 8 June 2029, showing that these investors collectively hold 51.5% of the issued options. The company also o...
Cassius Mining Issues New Shares Under Disclosure Exemption, Affirms Regulatory Compliance
Jun 10, 2026
Cassius Mining Ltd has issued 5,371,394 new ordinary fully paid shares without a disclosure document under the provisions of the Corporations Act, relying on an exemption that allows such placements. The company has confirmed it is fully compliant...
Cassius Mining Seeks ASX Quotation for 5.37 Million New Shares
Jun 10, 2026
Cassius Mining Ltd has applied to the ASX for quotation of 5,371,394 new ordinary fully paid shares, to be issued on 9 June 2026 under its CMD ticker. The move modestly increases the company’s free float and capital base, potentially support...
Cassius Mining Issues 45 Million Unlisted Options to Bolster Funding Flexibility
Jun 9, 2026
Cassius Mining Ltd has issued 45,371,394 unlisted options with an exercise price of $0.03 and an expiry date of 8 June 2029, as notified in its latest Appendix 3G filing. The options are part of a previously flagged transaction, are not quoted on ...
Cassius Mining Raises Capital with Issue of Secured Convertible Notes
Jun 9, 2026
Cassius Mining Ltd has notified the market of the issue of 3,050,000 secured convertible notes as unquoted securities. The notes, issued on June 5, 2026, are not intended to be quoted on the ASX, indicating a targeted form of financing that may st...
Cassius Mining Issues New Shares Under Section 708A Notice
Jun 4, 2026
Cassius Mining Limited has issued 1,866,667 new fully paid ordinary shares without a disclosure document, relying on provisions under Section 708 of the Corporations Act. The company has confirmed it is up to date with its financial reporting and ...
Cassius Mining Wins Strong Shareholder Backing for Capital-Raising Resolutions
May 29, 2026
Cassius Mining Ltd shareholders have overwhelmingly approved all six resolutions put to an extraordinary general meeting, with each motion passed by poll and attracting near-unanimous support. The resolutions included ratifying a prior share place...
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.