West Cobar Metals Ltd. (AU:WC1)
ASX:WC1
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West Cobar Metals Ltd.
(Sydney:WC1)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-10.00% Downside)
Action:ReiteratedDate:03/24/26
The score is weighed down primarily by weak financial performance—persistent losses, minimal revenue, and ongoing cash burn—despite a low-debt balance sheet. Technicals also point to a weak trend with negative momentum. Valuation signals are limited because the company is unprofitable (negative P/E) and no dividend yield is indicated.
Positive Factors
Low leverage
A zero-debt capital structure materially reduces refinancing and interest-rate risk for an exploration company. This durable strength preserves financial optionality to fund drilling or wait for favorable markets, making the firm less vulnerable to creditor pressure over the next several months.
Negative Factors
Persistent losses
Sustained and material net losses, including a full-year loss and effectively zero reported revenue in 2025, indicate the business remains pre-revenue and value-destructive absent a discovery or transaction. Over several months this undermines balance-sheet strength and investor optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A zero-debt capital structure materially reduces refinancing and interest-rate risk for an exploration company. This durable strength preserves financial optionality to fund drilling or wait for favorable markets, making the firm less vulnerable to creditor pressure over the next several months.
Read all positive factors
West Cobar Metals Ltd. (WC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)2.12M
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS Growth63.53%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding354,090,730
10 Day Avg. Volume5,114,446
30 Day Avg. Volume2,120,386
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.33
Price to Sales (P/S)0.00
P/FCF Ratio-1.60
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
West Cobar Metals Ltd. Business Overview & Revenue Model
Company Description
West Cobar Metals Limited operates as a minerals exploration company in Australia. It explores for copper, lead, gold, silver, and base metals. The company holds interests in the Bulla Park project with four granted exploration licenses comprising...
How the Company Makes Money
West Cobar Metals does not report a conventional operating revenue model typical of producing miners; as an exploration-stage company, it generally does not generate recurring revenue from product sales unless it has producing assets (producing op...
West Cobar Metals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 51.47K | 43.71K | 0.00 | 20.00K |
| Gross Profit | -17.52K | -19.00K | 51.47K | 43.71K | -30.09K | 20.00K |
| EBITDA | -1.55M | -1.50M | -3.12M | -1.26M | -1.22M | -496.95K |
| Net Income | -1.42M | -1.52M | -3.15M | -1.30M | -1.23M | -504.15K |
Balance Sheet | ||||||
| Total Assets | 10.01M | 8.64M | 12.02M | 13.58M | 4.54M | 473.31K |
| Cash, Cash Equivalents and Short-Term Investments | 1.65M | 309.27K | 255.92K | 2.33M | 3.17M | 352.51K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 70.00K |
| Total Liabilities | 300.23K | 369.59K | 891.29K | 888.52K | 193.03K | 176.79K |
| Stockholders Equity | 9.71M | 8.27M | 11.13M | 12.69M | 4.35M | 296.52K |
Cash Flow | ||||||
| Free Cash Flow | -1.45M | -1.70M | -3.70M | -2.96M | -2.07M | -77.70K |
| Operating Cash Flow | -1.45M | -1.70M | -622.31K | -864.07K | -738.82K | -22.27K |
| Investing Cash Flow | -408.47K | 57.06K | -2.34M | -2.10M | -1.40M | -95.43K |
| Financing Cash Flow | 2.96M | 1.72M | 978.67K | 2.12M | 4.95M | 420.01K |
West Cobar Metals Ltd. Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
42.94
Neutral
150.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WC1, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 150.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WC1.
West Cobar Metals 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% | |
48 Neutral | AU$5.95M | -2.11 | -154.54% | ― | 168.85% | 13.51% | |
46 Neutral | AU$45.59M | -4.07 | -134.41% | ― | ― | 5.93% | |
44 Neutral | ― | -1.22 | -15.83% | ― | ― | 63.53% | |
43 Neutral | AU$3.22M | -0.22 | -164.84% | ― | ― | 76.76% | |
41 Neutral | AU$4.13M | -7.90 | -127.91% | ― | ― | 80.88% | |
41 Neutral | AU$13.11M | -0.72 | -92.34% | ― | ― | 69.23% |
* Basic Materials Sector Average
AU:WC1
West Cobar Metals Ltd.
0.02
<0.01
26.67%
AU:DAF
Discovery Alaska Limited
0.02
<0.01
33.33%
AU:GNM
Great Northern Minerals Limited
0.03
0.01
92.86%
AU:SFM
Santa Fe Minerals Ltd.
0.28
0.24
600.00%
AU:RAS
Ragusa Minerals Ltd
0.03
0.01
76.47%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
West Cobar Metals Ltd. Corporate Events
West Cobar expands Cobar copper footprint with new NSW licence applications
Mar 15, 2026
West Cobar Metals has lodged two new exploration licence applications, Lilyvale (ELA7009) and Nullagoola (ELA7010), expanding its Cobar district landholding to about 1,090 square kilometres and securing roughly 120 kilometres of prospective Winduc...
West Cobar Metals Options Lapse Clarifies Capital Structure
Feb 23, 2026
West Cobar Metals has reported the expiry of 600,000 WC1AO options, which carried an exercise price of $0.10 and were due to expire on 21 February 2026. The options lapsed without being exercised, slightly reducing the company’s pool of pote...
West Cobar Metals Options Lapse, Trimming Potential Share Dilution
Feb 11, 2026
West Cobar Metals has updated the market on changes to its capital structure following the expiry of a series of listed options. The company reported that 1,200,000 options, exercisable at $0.10 and due to expire on 8 February 2026, have lapsed wi...
West Cobar lifts antimony grades, flags upside at Bulla Park
Feb 9, 2026
West Cobar Metals has confirmed that antimony grades at its Bulla Park copper‑antimony‑silver deposit are higher than previously reported, after re‑assaying core from drill holes BPD08 and BPD09 using a peroxide fusion method. Th...
West Cobar Advances Salazar Critical Minerals Testwork and Expands Gold, Copper-Antimony Exploration
Jan 30, 2026
West Cobar Metals reported solid progress across its portfolio in the December 2025 quarter, led by the launch of a comprehensive metallurgical testwork program at the Salazar Critical Minerals Project in Western Australia to assess the potential ...
West Cobar Unveils Major 263Mt Gallium Resource at Salazar Project
Jan 21, 2026
West Cobar Metals has reported an initial inferred mineral resource estimate of 263 million tonnes at 26 ppm gallium at its Salazar Critical Minerals Project, covering the Newmont and O’Connor deposits within the existing rare earth resource...
West Cobar Aligned as Canberra’s Critical Minerals Reserve Targets Rare Earths, Gallium and Antimony
Jan 12, 2026
West Cobar Metals has welcomed the Australian Federal Government’s detailed plans for a $1.2 billion Critical Minerals Strategic Reserve, which will initially prioritise rare earths, gallium and antimony—commodities that are central to...
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.