Odyssey Gold Limited (ODY) AI Stock Analysis

• Market Cap: AU$47.62M
• Dividend Yield: N/A
• Average Volume (3M): 2.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.82
• Revenue Growth: N/A
• EPS Growth: -4.00%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 1,400,466,700
• 10 Day Avg. Volume: 780,250
• 30 Day Avg. Volume: 2,110,168
• PEG Ratio: -0.83
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 206.28
• P/FCF Ratio: -7.33
• 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: 49 Neutral
• Price Target: AU$0.03 ▼(-25.00% Downside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is held down primarily by weak financial performance—continued losses and negative free cash flow—despite a debt-free balance sheet. Technicals are a relative positive with price above major moving averages and positive momentum, but valuation remains constrained by the loss-making profile and lack of dividend support.

Positive Factors

Debt-free balance sheet

Zero debt materially lowers solvency and fixed-cost risk for an exploration company, preserving capacity to pursue drilling, option deals or joint ventures without mandatory interest payments. This structural flexibility improves strategic choices and dilutes default risk over the next few quarters.

Focused exploration business model

A clear, specialist exploration mandate concentrates technical expertise and capital deployment on advancing tenements toward resource definition or transaction outcomes. That pipeline-driven model generates enduring project optionality and makes the firm an attractive counterparty for partnerships or farm-in deals.

Losses narrowing vs 2022 peak

A material narrowing of losses from a 2022 peak suggests improving cost control or more efficient program spend. Sustained narrowing increases runway between raises and signals management progress in aligning exploration spend to priorities, supporting operational continuity over months.

Negative Factors

Persistent negative cash flow

Consistent negative operating and free cash flow creates ongoing funding needs, raising dilution and financing risk. Over 2–6 months this structural cash burn constrains ability to ramp drilling programs internally and increases dependence on equity raises or partner funding, pressuring strategy execution.

Continued loss-making operations

Persistent operating losses mean the business cannot self-fund growth or development, eroding returns and limiting reinvestment. Over time, sustained negative earnings threaten equity cushions and require recurrent capital markets access, raising structural risk for project advancement.

Very low or absent revenue

Minimal or zero revenue limits the company's ability to demonstrate commercial traction or generate cash from operations. This structural lack of recurring revenue increases project dependency on successful exploration outcomes or third‑party transactions to realize value.

Odyssey Gold Limited Business Overview & Revenue Model

Company Description

Odyssey Gold Limited engages in the exploration and development of mineral resource properties in Western Australia. The company primarily explores for gold. It holds an agreement to acquire 80% interests in the Tuckanarra and Stakewell gold projects, located in the Meekatharra-Cue region of Western Australia. The company was formerly known as Odyssey Energy Limited and changed its name to Odyssey Gold Limited in November 2020. Odyssey Gold Limited was incorporated in 2005 and is based in Perth, Australia.

How the Company Makes Money

Odyssey Gold Limited makes money primarily through the exploration and potential development of gold mining projects. The company generates revenue by discovering commercially viable gold deposits, which can lead to the sale of these assets to larger mining companies or entering into joint ventures for further development. Additionally, Odyssey Gold may earn income through licensing agreements or royalties once mining operations commence. The company may also raise funds through equity financing to support its exploration activities. Significant partnerships with other resource companies or investors can enhance its financial position and resources for exploration.

Odyssey Gold Limited Financial Statement Overview

Summary

Income statement and cash flow are weak (persistent losses and negative operating/free cash flow), consistent with an exploration-stage profile and ongoing reliance on external funding. The balance sheet is a relative strength with zero debt and positive equity, but continued deficits remain a risk.

Income Statement

The company remains loss-making across all reported years, with operating losses consistently far exceeding its very small revenue base (including multiple years with zero revenue). Profitability is weak and volatile, with margins often distorted by minimal revenue, though losses have narrowed materially versus the large 2022 loss. Overall, the income statement reflects an early-stage/exploration profile with limited operating scale and persistent negative earnings.

Balance Sheet

The balance sheet is conservatively positioned with zero debt in every period, reducing solvency risk and providing financial flexibility. Equity is positive and generally stable-to-improving in recent years, though returns on equity are consistently negative due to ongoing losses. The key weakness is that continued deficits can erode equity over time if losses and cash burn persist.

Cash Flow

Cash generation is the main pressure point: operating cash flow and free cash flow are negative every year, indicating ongoing cash burn. There is improvement from the peak burn in 2022–2023, but cash outflows remain sizable relative to earnings and revenue, implying reliance on external funding to sustain operations. Free cash flow volatility also increases financing risk for an exploration-stage miner.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	77.94K	0.00	0.00	-14.03K	10.00K
Gross Profit	77.94K	-64.84K	-67.03K	-76.04K	9.01K
EBITDA	-2.26M	-2.11M	-3.85M	-9.48M	-4.43M
Net Income	-2.32M	-2.04M	-3.84M	-9.54M	-4.37M
Balance Sheet
Total Assets	13.26M	11.99M	12.07M	12.78M	22.17M
Cash, Cash Equivalents and Short-Term Investments	4.22M	2.94M	2.94M	3.48M	12.69M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	399.92K	164.94K	1.26M	2.80M	2.90M
Stockholders Equity	12.86M	11.82M	10.81M	9.98M	19.27M
Cash Flow
Free Cash Flow	-2.19M	-3.00M	-5.00M	-9.32M	-7.46M
Operating Cash Flow	-2.19M	-2.00M	-4.45M	-8.58M	-3.66M
Investing Cash Flow	-2.11K	-1.00M	-541.99K	-585.74K	-3.95M
Financing Cash Flow	3.47M	3.01M	4.45M	-44.30K	6.06M

Odyssey Gold Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ODY, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.81 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ODY.

Odyssey Gold Limited 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%
ODY	49 Neutral	AU$47.62M	-13.08	-19.04%	―	―	-4.00%
AAM	49 Neutral	AU$33.16M	-6.67	-7.34%	―	―	―
MVL	47 Neutral	AU$24.13M	-6.54	-77.71%	―	―	―
IR1	44 Neutral	AU$31.05M	-2.00	-30.19%	―	―	9.01%
WGR	43 Neutral	AU$58.53M	-14.60	-184.34%	―	―	40.17%
MAG	41 Neutral	AU$22.10M	-8.46	-25.89%	―	―	47.47%

Odyssey Gold Limited Corporate Events

Odyssey Gold Issues 279 Million New Shares on ASX

Odyssey Gold Limited has issued 279,373,338 fully paid ordinary shares, expanding its quoted securities on the Australian Securities Exchange. The company confirmed the shares were issued without a disclosure document under the Corporations Act, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information, signalling a routine capital management move that maintains regulatory transparency for investors.

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

Odyssey Gold Seeks ASX Quotation for 279 Million New Shares

Odyssey Gold Ltd has applied to the ASX for quotation of 279,373,338 new ordinary fully paid shares under the code ODY, with an issue date of 6 February 2026. The substantial new share listing signals a significant capital-related move that could affect the company’s capital structure and liquidity, with implications for existing shareholders and the market’s assessment of the company’s future funding capacity and strategic flexibility.

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

Odyssey Gold Accelerates Tuckanarra Development with New Drilling and Scoping Study

Odyssey Gold has launched its 2026 work programs at the Tuckanarra Gold Project, funded by a recent A$9 million placement, with reverse circulation and diamond drilling set to finalise resource definition at key deposits, test shallow exploration targets, and collect geotechnical and metallurgical data. In parallel, a Scoping Study incorporating an updated Mineral Resource Estimate is under way, aiming to convert more resources to the Indicated category and leverage existing mining licences, historic mining approvals and fast-track permitting, while the company negotiates potential third-party processing options in a region where high-grade oxide feed is increasingly scarce, positioning Tuckanarra as a potentially attractive near-term development opportunity for stakeholders.

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

Odyssey Gold Delivers High-Grade Results and Advances Tuckanarra Study as It Secures A$9m Placement

Odyssey Gold Limited reported strong December 2025 quarter progress at its Tuckanarra Gold Project, highlighted by completion of a 4,354-metre reverse circulation drilling program targeting resource definition and extensions at the Highway deposit and new mineralisation at the Cable trend. Drilling returned multiple high-grade gold intersections at both Highway and Cable, including confirmation of strike extensions below the Bollard Pit, and a completed Mining Technical Study indicated positive potential for mining Tuckanarra ore and processing it at the nearby Burnakura plant, supporting the decision to advance to a Scoping Study; after quarter-end, the company also secured firm commitments for a A$9 million capital raising from institutional, sophisticated investors and directors to fund the project’s continued advancement.

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

Odyssey Gold Plans Major Share Issue to Raise New Capital

Odyssey Gold Ltd has lodged a notice of proposed securities issue with the ASX, outlining plans to issue up to 291,727,557 new fully paid ordinary shares through a placement or similar capital-raising structure, with an expected issue date of 6 February 2026. The substantial size of the proposed equity issue signals a significant capital-raising initiative that could provide funding for the company’s ongoing activities and strategic objectives, while also implying potential dilution for existing shareholders and a notable change in the company’s capital structure.

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

Odyssey Gold Raises $9m to Accelerate Tuckanarra Development Push

Odyssey Gold Limited has raised approximately $9 million through a share placement, securing about $8.6 million from institutional and sophisticated investors and a further $0.4 million from directors, with cornerstone investor Tribeca Investment Partners emerging as a substantial shareholder with a 5.1% stake. The funds will be used to accelerate extensional and resource definition drilling at the Tuckanarra Gold Project, complete an updated Mineral Resource Estimate and Scoping Study, commence initial pre-development site works, and support general corporate purposes, underpinning the company’s push toward near-term development and monetisation of its Murchison district gold resource base.

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

Odyssey Gold Shares Halted Pending Capital Raising Announcement

Odyssey Gold Limited has requested and been granted a trading halt on its securities by the ASX as it prepares to announce a proposed capital raising. The halt will remain in place until the earlier of the company releasing the capital-raising announcement or the commencement of normal trading on 29 January 2026, signaling that Odyssey is moving to strengthen its balance sheet or fund upcoming activities, a step that could affect its capital structure and dilution outcomes for existing shareholders.

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

Odyssey Gold Extends Shallow Mineralisation at Tuckanarra Project

Odyssey Gold has reported further strong shallow oxide and quartz-vein associated gold intercepts from the final nine reverse circulation holes at its Tuckanarra Gold Project, largely west of the Cable structures and outside the current Mineral Resource but within the optimised open-pit design. The drilling has extended the Cable West Hanging Wall structure and confirmed a 70-metre down-dip strike extension of Cable East mineralisation below the Bollard Pit, reinforcing the potential to grow resources within and beyond existing pit shells and underlining the effectiveness of electromagnetic surveying in identifying blind mineralisation along the 2.3km Cable-Bollard trend.

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

Odyssey Gold Director’s Performance Rights Expire Without Vesting

Odyssey Gold Limited has reported a change in director Matthew Briggs’ holdings, confirming that his unlisted performance rights tied to specific project milestones have expired. As a result, Briggs no longer holds the 3 million performance rights linked to achieving a 2 million-ounce gold Mineral Resource estimate and a positive Scoping Study by 31 December 2025, and his interests are now limited to fully paid ordinary shares and listed options, with no cash consideration involved; the update is procedural in nature and does not reflect any on‑market trading activity or new contractual interests.

The most recent analyst rating on (AU:ODY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Odyssey Gold Limited stock, see the AU:ODY Stock Forecast page.

Odyssey Gold Confirms Lapse of 4.97 Million Performance Rights

Odyssey Gold Ltd has announced the lapse of 4,965,000 performance rights, following the non-satisfaction or incapacity of the conditions attached to those rights as at 31 December 2025. The cessation of these securities reduces the company’s pool of performance-based equity incentives, which may have implications for existing capital structure and future executive or employee remuneration arrangements, but does not involve any cash outlay or share issuance for current shareholders.

The most recent analyst rating on (AU:ODY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Odyssey Gold Limited stock, see the AU:ODY Stock Forecast page.

Odyssey Gold Reports Promising Drilling Results at Tuckanarra Project

Odyssey Gold Limited has announced significant results from its ongoing reverse circulation drilling program at the Tuckanarra Gold Project, particularly at the Highway Deposit. The drilling has confirmed the geological interpretation and grade continuity, supporting the potential for substantial conversion of the Mineral Resource Estimate to the Indicated Category. These results enhance the prospect of Highway as a viable open pit mining operation, with further exploration potential at depth.

Odyssey Gold Reports Promising Drilling Results at Tuckanarra Project

Odyssey Gold Limited has announced significant progress in its reverse circulation drilling program at the Tuckanarra Gold Project, revealing promising results from the Highway Deposit. The drilling has confirmed the geological interpretation and grade continuity, supporting the potential for substantial conversion of the Mineral Resource Estimate to the Indicated Category. This development reinforces the project’s viability as an open pit mining proposition, with further exploration potential.