Oceana Lithium Ltd. (AU:OCN)
ASX:OCN
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Oceana Lithium Ltd.
(Sydney:OCN)
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Rating:52Neutral
Price Target:
AU$0.44
▲(174.38% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak financial performance (pre-revenue, persistent losses and negative free cash flow) despite improving 2025 burn and a debt-free balance sheet. Technicals are supportive with the price above key moving averages and positive MACD, but overbought signals temper the outlook. Valuation is constrained by negative earnings and no dividend yield provided.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing risk and fixed financing costs, giving management flexibility to fund exploration and development through equity or partnerships. The equity increase in 2025 provides a clearer near-term runway for project work and business development.
Negative Factors
Pre-revenue status
Being pre-revenue means core value remains tied to exploration success and commodity cycles rather than operating cash generation. This structural stage creates execution and commodity-risk over a multi-quarter horizon and makes timing of commercialization and returns highly uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing risk and fixed financing costs, giving management flexibility to fund exploration and development through equity or partnerships. The equity increase in 2025 provides a clearer near-term runway for project work and business development.
Read all positive factors
Oceana Lithium Ltd. (OCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$72.43M
Dividend YieldN/A
Average Volume (3M)122.15K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding167,802,370
10 Day Avg. Volume118,717
30 Day Avg. Volume122,152
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.58
Price to Sales (P/S)0.00
P/FCF Ratio-6.32
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
Oceana Lithium Ltd. Business Overview & Revenue Model
Company Description
Oceana Lithium Limited operates as a lithium pegmatite exploration company. It holds 100% interest in the Solonopole lithium project that consists of eight exploration permits covering approximately 114 square kilometers located in Brazil and the ...
Oceana Lithium Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.89K | -1.58M | -117.12K | 0.00 |
| EBITDA | -447.51K | -2.66M | -1.32M | -163.82K |
| Net Income | -498.22K | -2.86M | -1.41M | -1.87M |
Balance Sheet | ||||
| Total Assets | 9.76M | 7.75M | 6.51M | 7.55M |
| Cash, Cash Equivalents and Short-Term Investments | 3.08M | 2.15M | 2.71M | 6.02M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 415.17K | 289.45K | 350.56K | 642.29K |
| Stockholders Equity | 9.34M | 7.46M | 6.15M | 6.91M |
Cash Flow | ||||
| Free Cash Flow | -855.21K | -4.35M | -2.99M | -502.67K |
| Operating Cash Flow | -416.26K | -2.13M | -1.05M | -502.67K |
| Investing Cash Flow | -438.95K | -2.22M | -1.94M | -96.70K |
| Financing Cash Flow | 1.77M | 3.86M | -322.75K | 6.62M |
Oceana Lithium Ltd. Technical Analysis
Positive
0.16
Price Trends
0.40
Positive
0.30
Positive
0.20
Positive
Market Momentum
<0.01
Positive
73.47
Negative
72.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OCN, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.44, below the 50-day MA of 0.40, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 73.47 is Negative, neither overbought nor oversold. The STOCH value of 72.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:OCN.
Oceana Lithium 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% | |
52 Neutral | AU$72.43M | -10.85 | -5.62% | ― | ― | ― | |
52 Neutral | AU$36.24M | -1.34 | -11.31% | ― | ― | ― | |
46 Neutral | AU$35.77M | -4.34 | -19.53% | ― | ― | 3.79% | |
44 Neutral | AU$27.36M | -6.37 | -24.52% | ― | ― | 26.67% | |
44 Neutral | AU$16.18M | -8.00 | -23.61% | ― | ― | -4.35% | |
40 Underperform | AU$6.23M | -4.44 | -247.28% | ― | ― | -405.06% |
* Basic Materials Sector Average
AU:OCN
Oceana Lithium Ltd.
0.44
0.41
1511.11%
AU:LML
Lincoln Minerals Limited
0.01
>-0.01
-9.09%
AU:EVG
BlackEarth Minerals NL
0.03
<0.01
40.00%
AU:INF
Infinity Lithium Corporation Limited
0.01
>-0.01
-31.58%
AU:AR3
Australian Rare Earths Limited
0.14
0.07
91.78%
AU:PL3
Patagonia Lithium Limited
0.18
0.11
153.62%
Oceana Lithium Ltd. Corporate Events
Oceana Metals Options Lapse, Trimming Potential Share Dilution
Apr 1, 2026
Oceana Metals Limited has announced the cessation of 1,000,000 options listed under the ASX code OCNAH, which expired on April 1, 2026, at an exercise price of $0.30 without being exercised or converted. The lapse of these options reduces the pool...
Oceana Metals Seeks ASX Quotation for Nearly 295,000 New Shares
Apr 1, 2026
Oceana Metals Limited has applied to the ASX for quotation of 294,899 new ordinary fully paid shares, issued on March 31, 2026. The move modestly expands the company’s listed share capital, potentially improving liquidity in its stock and re...
Oceana Metals Seeks ASX Quotation for Over 1 Million New Shares
Mar 26, 2026
Oceana Metals Limited has applied to the ASX for quotation of 1,011,086 new ordinary fully paid shares, with an issue date of 26 March 2026. The new securities arise from the exercise or conversion of existing options or other convertible securiti...
Oceana Metals Grants Performance Rights to Director Helean
Feb 27, 2026
Oceana Metals Limited has updated the market on a change in director Martin Helean’s interests, following the issue of 500,000 Class B performance rights expiring on 31 December 2030. These rights were granted for nil cash consideration as i...
Oceana Metals Grants 2.5 Million Unquoted Performance Rights Under Incentive Plan
Feb 27, 2026
Oceana Metals Limited has issued 2,500,000 unquoted performance rights under its employee incentive scheme, with an effective issue date of 25 February 2026. The new performance rights, which are not intended to be quoted on the ASX, strengthen th...
Oceana Metals Marks Strategic Pivot With Brazilian Trenching Results Pending and Diversified Focus
Jan 29, 2026
Oceana Metals has reported progress at its Solonópole Project in Brazil, where the new management team completed a trenching and mapping program across the Bom Jesus de Baixo–Lidiane prospects to validate the presence of fertile LCT peg...
Oceana Metals Advances Solonópole Lithium Exploration and Reviews Australian Portfolio
Jan 21, 2026
Oceana Metals has completed a trenching and mapping program at its Solonópole lithium project in Brazil, collecting 88 pegmatite-bearing samples and submitting 50 priority samples for laboratory assays expected in the first quarter of 2026. T...
Oceana Metals Switches External Auditor to Stantons International
Jan 20, 2026
Oceana Metals Limited has appointed Stantons International Audit and Consulting as its new external auditor, effective immediately, following the resignation of its previous auditor, Moore Australia Audit (WA) Pty Ltd, and consent from the corpora...
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.