Odyssey Gold Limited (ODY) AI Stock Analysis

• Market Cap: AU$50.42M
• Dividend Yield: N/A
• Average Volume (3M): 2.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.35
• 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: 47 Neutral
• Price Target: AU$0.04 ▼(-12.50% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is held down primarily by weak financial performance (ongoing losses and negative free cash flow implying continued capital dependence), partially offset by a debt-free balance sheet. Technicals are neutral-to-mildly supportive, while valuation is constrained by the negative P/E and lack of dividend support.

Positive Factors

Debt-free balance sheet

A debt-free capital structure materially reduces insolvency and interest burden risk for an early-stage explorer that lacks steady revenue. This preserves strategic optionality (farm-outs, asset sales, equity raises) and extends operational runway between financings, supporting project advancement over months.

Positive equity base

Positive and stable-to-improving equity provides a buffer against exploration losses and supports continued operations without immediate distress. It underpins investor and counterparty confidence, enabling partnerships or transactions to progress while management pursues value-adding exploration programs.

Clear exploration-to-transaction model

A strategy focused on advancing tenements toward development or transaction outcomes aligns incentives with asset monetization rather than long-term operating scale. For an explorer, this increases the probability of value realization via discovery-led deals or JV transactions, a structural path to shareholder value over months.

Negative Factors

Persistent operating losses

Chronic losses mean the business cannot self-fund exploration or sustain long-term investment from operations. This structurally limits reinvestment capacity and increases dependence on capital markets, raising dilution risk and constraining the pace of project advancement over the medium term.

Negative operating and free cash flow

Recurrent negative operating and free cash flows create persistent financing needs. Dependence on external capital increases vulnerability to market cycles, can force equity raises or asset disposals, and may delay drilling or development programs if funding conditions tighten in the coming months.

Equity erosion risk from continued deficits

Ongoing deficits threaten the company’s equity buffer, which would reduce solvency margins and limit strategic flexibility. Gradual erosion of equity increases the likelihood of dilutive financings or distressed asset sales, undermining long-term project optionality and stakeholder confidence.

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

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Odyssey Gold Limited Financial Statement Overview

Summary

Financials reflect an early-stage explorer profile: persistent losses and minimal/zero revenue weigh heavily (weak income statement), and operating/free cash flow are negative every year, implying ongoing funding needs. The main offset is a conservative balance sheet with zero debt and positive equity, which reduces near-term solvency 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: Neutral
• 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 Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 43.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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%
AAM	49 Neutral	AU$31.97M	-6.78	-6.34%	―	―	―
ODY	47 Neutral	AU$50.42M	-3.39	-19.84%	―	―	-4.00%
MVL	47 Neutral	AU$21.29M	-1.08	-86.38%	―	―	―
IR1	44 Neutral	AU$24.84M	-1.26	-18.70%	―	―	9.01%
MAG	43 Neutral	AU$19.59M	-2.85	-29.25%	―	―	47.47%
WGR	43 Neutral	AU$43.90M	-1.91	-342.09%	―	―	40.17%

Odyssey Gold Limited Corporate Events

Odyssey Gold Files Interim Half-Year Financial Report

Odyssey Gold Limited, an ASX-listed gold exploration company headquartered in Perth, has released its interim financial report for the half year ended 31 December 2025, detailing its corporate structure and governance. The report outlines the company’s key directors, auditors, legal and banking partners, and provides the standard set of interim financial statements and disclosures for stakeholders.

The filing reinforces Odyssey Gold’s ongoing compliance and transparency as a listed entity, giving investors and regulators insight into its financial position and operations over the six-month period. While the text provided focuses on the report’s structure rather than figures, it signals the regular cadence of financial reporting that underpins market confidence and corporate accountability.

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 Hits High-Grade Shallow Oxide in Tuckanarra Metallurgical Drilling

Odyssey Gold has reported strong assay results from two shallow diamond metallurgical drillholes at its Tuckanarra Gold Project, including a standout intercept of 22.3 metres at 7.4 grams per tonne gold from near surface. The drilling was designed to twin historical holes and generate a production composite representative of the planned initial shallow mining phase, with recent results outperforming earlier drilling and supporting the project’s high-grade oxide potential ahead of an updated mineral resource estimate and scoping study.

Management highlighted that the higher grades compared with 1990s drilling may reflect the deposit’s high nugget effect, earlier partial digestion assay methods, or preferential recovery of higher-grade material. While one hole could not be used in current leach testwork because grades exceeded the targeted composite range, the results reinforce the robustness of the mineralised Cable-Bollard trend and may strengthen Odyssey’s development case and appeal to investors focused on near-term gold production opportunities in Western Australia.

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 Issues New Tranche of Unquoted Incentive Securities

Odyssey Gold Ltd has issued a new tranche of unquoted equity securities under its employee incentive scheme, including 2,650,000 performance rights and three separate series of 2,650,000 unlisted options each. The options, which carry exercise prices of $0.05, $0.07 and $0.09 and expire on 30 June 2029, are designed to align staff and key stakeholders with long-term shareholder value, while providing additional leverage to potential future share price performance.

The issuance, notified via an Appendix 3G filing dated 27 February 2026, expands the company’s pool of incentive securities without immediate dilution to ordinary shareholders, as the rights and options will only convert if relevant conditions and exercise prices are met. This move underscores Odyssey Gold’s use of equity-based compensation to attract and retain talent in a competitive resources market, potentially strengthening its operational execution and alignment of interests between management and 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 Sets March 2026 General Meeting, Shifts to Digital Materials

Odyssey Gold Limited has called a General Meeting of shareholders to be held as a physical event in Perth on 25 March 2026 at 2:00pm AWST, with proxy forms provided for those unable to attend. The company has moved to primarily electronic distribution of meeting materials in line with the Corporations Act, directing shareholders to its website, ASX announcements page, or email for access and advising them to review or update their communication preferences through the share registry portal.

The company notes that any changes to the meeting arrangements will be communicated via ASX announcements and its website, maintaining regulatory transparency while reducing reliance on hard-copy documentation. Shareholders are encouraged to read the meeting materials in full and seek professional advice if unsure how to vote, underscoring the importance of the upcoming resolutions to corporate governance and investor decision-making.

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 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.