Oceana Lithium Ltd. (AU:OCN)
ASX:OCN
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Oceana Lithium Ltd.
(Sydney:OCN)
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Rating:49Neutral
Price Target:
AU$0.49
â–²(208.12% Upside)
Action:ReiteratedDate:04/29/26
The score is primarily held down by weak financial performance: the company is pre-revenue with ongoing losses and negative free cash flow despite improved 2025 burn and a debt-free balance sheet. Technicals are a partial offset with an uptrend and positive momentum, but overbought readings reduce the technical score. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially lowers refinancing and interest risk for a multi-year exploration program. For an early-stage miner this preserves optionality to fund drilling via equity or JV deals, keeps fixed costs low, and reduces the chance of distress if markets tighten.
Negative Factors
Pre-revenue operations
No revenue across multiple years means the company remains dependent on capital markets and partner deals to fund operations. This structural state implies ongoing dilution risk, uncertain timing to commercialization, and execution risk until resources are proven and monetizable.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially lowers refinancing and interest risk for a multi-year exploration program. For an early-stage miner this preserves optionality to fund drilling via equity or JV deals, keeps fixed costs low, and reduces the chance of distress if markets tighten.
Read all positive factors
Oceana Lithium Ltd. (OCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$86.63M
Dividend YieldN/A
Average Volume (3M)122.15K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue GrowthN/A
EPS Growth35.64%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding176,802,370
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 ...
How the Company Makes Money
Oceana Lithium Ltd. generates revenue primarily by exploring and developing lithium-rich mineral assets which can later be sold, partnered on, or licensed for extraction and production. The company focuses on increasing the value of its projects t...
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
0.43
Positive
0.33
Positive
0.22
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 0.43, and below the 200-day MA of 0.22, 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% | |
51 Neutral | AU$31.06M | -3.45 | -12.22% | ― | ― | -67.65% | |
49 Neutral | AU$86.63M | -10.85 | -5.62% | ― | ― | 35.64% | |
47 Neutral | AU$20.64M | 25.00 | -7.13% | ― | -25.35% | 95.00% | |
45 Neutral | AU$39.06M | -33.33 | -28.53% | ― | ― | ― | |
43 Neutral | AU$38.08M | -11.22 | -0.02% | ― | ― | 13.53% | |
41 Neutral | AU$35.06M | -25.46 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:OCN
Oceana Lithium Ltd.
0.50
0.47
1606.90%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:NMT
Neometals Ltd
0.04
-0.03
-45.71%
AU:LEL
Lithium Energy Ltd.
0.34
-0.03
-8.11%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:PL3
Patagonia Lithium Limited
0.16
0.11
201.89%
Oceana Lithium Ltd. Corporate Events
Oceana Metals Seeks ASX Quotation for 20.45 Million New Shares
May 5, 2026
Oceana Metals Limited has applied for quotation on the ASX of 20,450,561 new ordinary fully paid shares under its ticker OCN. The securities, issued on 5 May 2026 and linked to previously announced transactions, will expand the company’s quo...
Oceana Metals Appoints New Director and Discloses Initial Security Interests
Apr 30, 2026
Oceana Metals Limited has announced the appointment of Hamish Halliday as a director effective 28 April 2026, in line with ASX disclosure requirements for changes to board composition. The company has disclosed his initial interests in the company...
Oceana Metals Seeks ASX Quotation for 9 Million New Shares
Apr 30, 2026
Oceana Metals Limited has applied to the ASX for quotation of 9,000,000 ordinary fully paid shares, effective 30 April 2026, under its issuer code OCN. The new securities arise from the exercise or conversion of existing options or other convertib...
Oceana Metals Issues 25 Million Unquoted Performance Rights Under Incentive Plan
Apr 30, 2026
Oceana Metals Limited has notified the market of the issue of 25 million unquoted performance rights under its employee incentive scheme, dated 30 April 2026. The new allocation underscores the company’s ongoing reliance on equity-based remu...
Oceana Metals Issues 1.5 Million Unquoted Performance Rights
Apr 30, 2026
Oceana Metals Limited has notified the market of the issuance of 1,500,000 unquoted performance rights under the ASX Appendix 3G framework. The new securities, which are not intended to be quoted on the ASX, were issued on 30 April 2026 and reflec...
Oceana Metals Buys Brazilian Rare Earths Project and Raises $20m for Exploration
Apr 30, 2026
Oceana Metals has agreed to acquire 100% of the Serra Negra rare earths and niobium project in Minas Gerais, Brazil, a large carbonatite-hosted system located near established niobium and REE operations and key infrastructure. Due diligence work, ...
Oceana Metals to Acquire Brazil’s Serra Negra Rare Earths Project and Raise $20m
Apr 28, 2026
Oceana Metals has announced a transformative deal to acquire 100% of Songeo Mineração, which owns the Serra Negra rare earths project in Minas Gerais, Brazil. The Serra Negra asset is a carbonatite-hosted rare earths project in a tier-on...
Oceana Metals Trading Reinstated on ASX After Acquisition Update
Apr 28, 2026
Trading in Oceana Metals shares on the ASX has been reinstated after a suspension, following the company’s release of an announcement about a proposed acquisition and its response to an ASX price query. The move allows normal trading to resu...
Oceana Metals Flags Board Changes as Two Directors Step Down
Apr 28, 2026
Oceana Metals Limited has announced the cessation of directors Martin Helean and Samuel Richard Brooks, both effective 28 April 2026, and has filed final notices of their interests with the ASX. Helean retains 469,565 fully paid ordinary shares an...
Oceana Lithium to buy Brazil’s Serra Negra rare earths project and raises A$20m
Apr 28, 2026
Oceana Lithium has agreed to acquire 100% of the Serra Negra rare earths and niobium project in Brazil’s Minas Gerais state, securing one of the world’s largest alkaline carbonatite complexes for up to US$10.3m plus a royalty. Initial ...
Oceana Metals Plans Major Share Placement to Boost Capital Base
Apr 28, 2026
Oceana Metals Limited has notified the ASX of its intention to issue up to 57,500,000 ordinary fully paid shares under a proposed placement or similar capital raising structure. The new securities, expected to be issued on 17 July 2026, represent ...
Oceana Metals Plans 20 Million-Share Equity Placement
Apr 28, 2026
Oceana Metals Limited has notified the ASX of a proposed placement involving the issue of up to 20 million ordinary fully paid shares under an Appendix 3B filing. The new securities are expected to be issued on 1 July 2026, signalling the company&...
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...
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.