Want to see AU:COD full AI Analyst Report?
Top Page
Coda Minerals Ltd
(Sydney:COD)
Select Model
Select Model
Rating:37Underperform
Price Target:
AU$0.11
▼(-10.00% Downside)
Action:Downgraded
Date:03/21/26
Weak financials dominate with no revenue, ongoing losses, and cash burn despite improving trends and low debt; technical oversold conditions and negative valuation add downside risk in high-risk exploration play.
Positive Factors
Low leverage / conservative balance sheet
Extremely low debt reduces financial distress risk for a cash-burning explorer. This structural conservatism preserves strategic optionality to pursue exploration or partnerships without immediate solvency pressure, lengthening runway relative to highly levered peers.
Negative Factors
Pre-revenue business model
No operating revenue means the company remains dependent on capital markets to fund exploration and technical studies. This structural financing reliance increases dilution risk and constrains the firm’s ability to self-fund advancement to development or production milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Extremely low debt reduces financial distress risk for a cash-burning explorer. This structural conservatism preserves strategic optionality to pursue exploration or partnerships without immediate solvency pressure, lengthening runway relative to highly levered peers.
Read all positive factors
Coda Minerals Ltd (COD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.19M
Dividend YieldN/A
Average Volume (3M)687.98K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue GrowthN/A
EPS Growth-43.78%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding410,350,430
10 Day Avg. Volume427,130
30 Day Avg. Volume687,979
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.86
Price to Sales (P/S)0.00
P/FCF Ratio-4.90
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)-0.03
Revenue Forecast (FY)N/A
Coda Minerals Ltd Business Overview & Revenue Model
Company Description
Coda Minerals Limited functions as a mineral exploration company, dedicated to the search, identification, and advancement of deposits across the base metal, precious metal, and battery mineral sectors. The firm possesses full ownership of two sig...
How the Company Makes Money
null...
Coda Minerals Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
65
Positive
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -161.23K | -160.78K | -162.87K | -162.46K | -147.53K | -122.13K |
| EBITDA | -7.41M | -4.15M | -4.59M | -7.64M | -14.85M | -6.39M |
| Net Income | -7.45M | -4.29M | -4.57M | -7.76M | -14.21M | -6.52M |
Balance Sheet | ||||||
| Total Assets | 30.43M | 22.93M | 22.24M | 23.55M | 27.60M | 24.20M |
| Cash, Cash Equivalents and Short-Term Investments | 11.25M | 3.96M | 3.43M | 4.72M | 8.18M | 21.79M |
| Total Debt | 163.37K | 213.87K | 123.98K | 7.67K | 98.40K | 190.05K |
| Total Liabilities | 1.60M | 815.41K | 646.20K | 858.91K | 1.72M | 1.22M |
| Stockholders Equity | 28.83M | 22.12M | 21.60M | 22.70M | 25.88M | 22.98M |
Cash Flow | ||||||
| Free Cash Flow | -5.92M | -3.90M | -4.05M | -7.52M | -14.42M | -5.79M |
| Operating Cash Flow | -5.88M | -3.88M | -4.05M | -7.51M | -14.33M | -5.54M |
| Investing Cash Flow | -36.20K | -10.71K | -1.82K | 281.69K | 828.95K | -239.39K |
| Financing Cash Flow | 11.17M | 4.43M | 2.76M | 3.76M | -90.83K | 23.38M |
Coda Minerals Ltd Technical Analysis
Neutral
0.12
Price Trends
0.12
Negative
0.13
Negative
0.14
Negative
Market Momentum
>-0.01
Negative
51.15
Neutral
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:COD, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.15 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:COD.
Coda Minerals 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% | |
49 Neutral | AU$49.70M | -16.67 | -2.34% | ― | ― | 40.68% | |
45 Neutral | AU$39.36M | -3.54 | -25.04% | ― | ― | 80.64% | |
42 Neutral | AU$66.54M | -3.33 | -16.67% | ― | ― | 42.00% | |
41 Neutral | AU$43.12M | -7.62 | -8.90% | ― | ― | ― | |
38 Underperform | AU$39.35M | -1.04 | 432.54% | ― | ― | 64.76% | |
37 Underperform | AU$47.19M | -3.98 | -29.24% | ― | ― | -43.78% |
* Basic Materials Sector Average
AU:COD
Coda Minerals Ltd
0.12
0.04
50.00%
AU:COB
Cobalt Blue Holdings
0.07
0.02
36.54%
AU:STM
Sunstone Metals Limited
0.18
-0.42
-69.95%
AU:BSX
Blackstone Minerals Ltd
0.04
-0.03
-40.58%
AU:MTH
Mithril Resources Ltd
0.22
-0.27
-55.21%
AU:AW1
American West Metals Ltd.
0.03
>-0.01
-17.50%
Coda Minerals Ltd Corporate Events
Coda Minerals Shareholders Back Ratification of Capital Raisings
Aug 3, 2026
Coda Minerals Ltd has confirmed that all resolutions put to shareholders at its recent general meeting were passed by poll, including multiple items ratifying prior share and option placements undertaken in October and June. The strong majority vo...
Coda Minerals Starts Hydro Drilling to Advance Elizabeth Creek PFS
Jul 22, 2026
Coda Minerals has begun a six-bore hydrogeological drilling program at its Elizabeth Creek Copper-Silver Project in South Australia, targeting the Windabout open-pit and Emmie Bluff underground prospects. The campaign comprises three production bo...
Coda Minerals Secures Key Approvals Milestone for Elizabeth Creek Project
Jul 21, 2026
Coda Minerals has secured formal gazettal of its Scoping Report for the Elizabeth Creek copper-silver project by South Australia’s Department of Energy and Mines, establishing project-specific Terms of Reference for the mining lease approval...
Coda Minerals Advances Elizabeth Creek PFS with Key Lidar Survey Data
Jul 12, 2026
Coda Minerals has completed a 480km² fixed-wing airborne Lidar survey over the Elizabeth Creek Copper-Silver Project, delivering a highly accurate three-dimensional terrain model that will underpin the project’s Pre-Feasibility Study. T...
Coda Minerals Sets August General Meeting With Digital Notice Access
Jul 3, 2026
Coda Minerals has called a General Meeting of Shareholders to be held as a physical, in‑person event at Blackwall Legal’s offices in Perth on 3 August 2026 at 2:00pm WST. The meeting will consider resolutions detailed in the Notice of ...
Coda Minerals Sets August 2026 General Meeting and Voting Timetable
Jul 3, 2026
Coda Minerals Ltd has called a physical general meeting of shareholders to be held at Blackwall Legal in Perth, Western Australia, at 2.00 p.m. WST on Monday, 3 August 2026. The meeting will consider matters set out in the notice, explanatory stat...
Coda Minerals Raises $4.7m in First Tranche of Share Placement
Jun 5, 2026
Coda Minerals has raised $4.7 million through the issue of 36,153,847 new fully paid ordinary shares at $0.13 each to institutional and sophisticated investors, as the first tranche of a previously announced placement. The company confirmed the sh...
Coda Minerals Plans Major Share and Option Issue to Bolster Capital Base
May 31, 2026
Coda Minerals has lodged an Appendix 3B notice with the ASX outlining a proposed issue of up to 51,538,465 new ordinary shares and 20,584,616 options, including 7,700,000 unquoted options exercisable at $0.26 each for three years from issue. The p...
Coda Minerals Requests Trading Halt Ahead of Capital Raising Announcement
May 27, 2026
Coda Minerals Ltd has requested a trading halt on its securities on the ASX, effective from the market open on 28 May 2026, as it prepares to announce a capital raising. The halt will remain in place until either the announcement is released or no...
Coda Minerals Targets Sophisticated Investors With RIU Sydney Presentation
May 7, 2026
Coda Minerals has released an investor presentation for the RIU Sydney conference in May 2026, outlining general information about the company and its activities. The document is explicitly framed as informational only, not a prospectus or offer o...
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.