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Andromeda Metals Limited (ADN) AI Stock Analysis
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Andromeda Metals Limited
(ASX:ADN)
The overall score is at the absolute minimum of 37, reflecting a convergence of extreme risks. The company is pre-revenue with accelerating cash burn and massive losses, rapidly consuming its sole financial cushion (equity). The stock trades at a penny level with no usable technical data, indicating severe illiquidity. A negative P/E ratio and no dividend provide zero valuation support. The company's viability is entirely dependent on future financing or a path to commercial production, neither of which is evident in the current data.
Andromeda Metals Limited (ADN) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 25.70M
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- -0.2
- Beta (1Y)
- 2.05
- Revenue Growth
- ―
- EPS Growth
- -1311.11%
- Country
- Australia
- Employees
- 3
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Andromeda Metals Limited Business Overview & Revenue Model
Company Description
Andromeda Metals Limited, an Australian mineral exploration enterprise operating alongside its subsidiaries, focuses on discovering deposits of halloysite, gold, and copper. Its flagship undertaking is the Great White Kaolin project, located on South...
How the Company Makes Money
null
Andromeda Metals Limited Financial Statement Overview
Summary
Financial performance is critically weak. The company has zero revenue and massive, growing net losses ($105M). Cash flow is deeply negative, with cash burn accelerating. The only mitigating factor is a low-debt balance sheet, but equity is eroding rapidly (-58% in the latest year). This is a pre-revenue company with severe, fundamental unprofitability.
Income Statement
1Very NegativeBalance Sheet
55NeutralCash Flow
10Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | -359.71K | -433.11K | -491.00K | -425.00K | -191.00K |
| EBITDA | -6.68M | -6.32M | -5.51M | -7.05M | -10.58M | -8.30M |
| Net Income | -105.03M | -105.03M | -6.04M | -7.27M | -9.46M | -8.73M |
Balance Sheet | ||||||
| Total Assets | 68.03M | 68.03M | 160.21M | 158.07M | 165.03M | 174.22M |
| Cash, Cash Equivalents and Short-Term Investments | 3.20M | 3.20M | 7.14M | 5.44M | 15.30M | 32.85M |
| Total Debt | 150.48K | 150.48K | 365.44K | 581.34K | 727.12K | 846.14K |
| Total Liabilities | 1.83M | 1.83M | 2.27M | 3.19M | 2.87M | 3.03M |
| Stockholders Equity | 66.20M | 66.20M | 157.93M | 154.88M | 162.16M | 171.19M |
Cash Flow | ||||||
| Free Cash Flow | -6.81M | -6.81M | -9.05M | -12.95M | -17.38M | -10.23M |
| Operating Cash Flow | -4.93M | -4.93M | -4.77M | -5.05M | -8.78M | -5.12M |
| Investing Cash Flow | -11.79M | -11.79M | -1.40M | -4.56M | -8.58M | -9.86M |
| Financing Cash Flow | 12.78M | 12.78M | 7.87M | -247.60K | -197.01K | 42.93M |
Andromeda Metals Limited Peers Comparison
Overall Rating
AU:LML47Neutral
AU:ORP42Neutral
AU:CAV41Neutral
AU:G1141Neutral
AU:ADN37Underperform
AU:LEX37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| 47Neutral | AUD 32.05M | -36.67 | -29.52% | ― | ― | 18.18% | |
| 42Neutral | AUD 36.70M | -15.00 | -21.42% | ― | ― | 53.60% | |
| 41Neutral | AUD 26.93M | -19.41 | -7.59% | ― | ― | 65.71% | |
| 41Neutral | AUD 27.55M | -13.44 | -6.13% | ― | ― | 4.55% | |
| 37Underperform | AUD 25.70M | -0.20 | -154.66% | ― | ― | -1311.11% | |
| 37Underperform | AUD 21.90M | -8.88 | -8.50% | ― | ― | 26.05% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:ADN | Andromeda Metals Limited | 0.01 | 0.00 | 0.00% | |
| AU:ORP | Argonaut Resources N.L. | 0.09 | 0.03 | 55.36% | |
| AU:CAV | Carnavale Resources Limited | 0.07 | -0.02 | -20.48% | |
| AU:LML | Lincoln Minerals Limited | 0.01 | 0.00 | 10.00% | |
| AU:G11 | Odin Metals Ltd | 0.19 | -0.03 | -13.64% | |
| AU:LEX | Lefroy Exploration Ltd. | 0.08 | -0.10 | -54.86% |
Andromeda Metals Limited Corporate Events
Andromeda Metals Tightens Governance Framework in 2026 Statement
Andromeda Metals Limited has detailed its 2026 corporate governance framework, affirming compliance with ASX Listing Rule 4.10.3 and broad alignment with the ASX Corporate Governance Principles and Recommendations. The company states that it signific...
Andromeda Metals Highlights Governance and Corporate Infrastructure in 2026 Report
Andromeda Metals Limited has outlined its core corporate framework in its 2026 Annual Report, detailing its board composition, executive leadership and company secretarial roles. The report also highlights the company’s key external partners, i...
Andromeda Metals Sets Key Dates for 2026 AGM and Board Nominations
Andromeda Metals Limited has scheduled its Annual General Meeting for 19 November 2026, in line with ASX listing requirements and its constitution. The company has also set 30 September 2026 as the deadline for receiving written nominations from cand...
Andromeda Metals Director Increases Stake Through Share Purchase Plan
Andromeda Metals has disclosed a change in director Sue-Ann Higgins’ interests following her participation in a share purchase plan. Higgins acquired 3,389,831 ordinary shares for $20,000, lifting her indirect shareholding to 4,794,593 shares,...
Andromeda Metals Director Increases Stake via Share Purchase Plan
Andromeda Metals Limited has disclosed a change in director Jean-Dominique Sorel’s holdings following participation in a share purchase plan. The director acquired 5,084,746 new shares for $30,000 at approximately $0.0059 per share, increasing...
Andromeda Metals Issues Cleansing Notice on New Share Placement
Andromeda Metals Limited has issued a cleansing notice regarding 17,288,138 fully paid ordinary shares that were placed outside the terms of its recently announced share purchase plan. The company confirmed these placement shares were issued without...
Andromeda Metals Seeks ASX Quotation for New Share Placement
Andromeda Metals Limited has applied for quotation on the ASX of 17,288,138 ordinary fully paid shares, following the lodgement of an Appendix 3B. The new securities arise from a placement of shares priced in line with a recent share purchase plan, i...
Andromeda Metals Seeks ASX Quotation for 498.7 Million New Shares
Andromeda Metals Limited has applied for quotation of 498,741,943 ordinary fully paid shares on the ASX, with an issue date of 7 September 2026. The application, lodged as a new announcement under the exchange’s Appendix 2A rules, formalizes th...
Andromeda Metals Plans Share Placement of Over 17 Million Shares
Andromeda Metals Limited has announced a proposed issue of new ordinary fully paid shares on the ASX, with a maximum of 17,288,138 securities to be placed. The transaction is structured as a placement or other type of issue, with the proposed issue d...
Andromeda Metals Raises $3.04m to Advance High Purity Alumina Project
Andromeda Metals Limited has raised $3.04 million in new capital via a combination of a share purchase plan and a small placement of ordinary shares, slightly exceeding its initial target of approximately $3 million. The share purchase plan was well...
Andromeda Moves on U.S. HPA Market with Traxys Supply Pact
Andromeda Metals has signed a non‑binding Heads of Agreement with Traxys North America to develop a strategic pathway for supplying high purity alumina into the U.S. market. The deal envisages negotiating a five‑year sales agency agreemen...
Andromeda Metals applies to quote additional ordinary shares on ASX
Andromeda Metals Limited has lodged a new application with the ASX for the quotation of 1,923 ordinary fully paid shares. The small issuance follows the exercise or conversion of existing options or other convertible securities, marginally increasing...
Andromeda Metals Limits Share Purchase Plan to Select Jurisdictions
Andromeda Metals Limited has launched a share purchase plan for certain eligible shareholders, with the offer booklet now available via ASX under code ADN and on the company’s website. Eligibility is restricted to investors on the register as o...
Andromeda Metals Launches $3m Share Purchase Plan to Progress High Purity Alumina Project
Andromeda Metals Limited has launched a Share Purchase Plan targeting $3 million, offering eligible shareholders discounted shares at $0.0059, with applications open until 31 August 2026. The company does not expect the plan to materially affect cont...
Andromeda Metals launches discounted share plan to fund HPA project
Andromeda Metals has launched a new share purchase plan offering eligible shareholders in Australia, New Zealand and Luxembourg up to A$30,000 of shares at A$0.0059, a discount to recent market prices, to raise about A$3 million before costs. Directo...
Andromeda Metals Launches $3m Share Purchase Plan
Andromeda Metals Limited has launched a share purchase plan, allowing eligible shareholders to apply for new fully paid ordinary shares, targeting proceeds of up to $3 million before costs, with scope to accept oversubscriptions. The company has conf...
ASX Waiver Clears Path for Andromeda Metals’ Accelerated Share Purchase Plan
Andromeda Metals Limited, listed on the ASX as ADN, is an Australian mineral resources company that funds its exploration and development projects through equity raisings, including share purchase plans aimed at retail investors. It seeks to preserve...
Andromeda Metals Unveils Large Securities Purchase Plan on ASX
Andromeda Metals Limited is an Australian-listed resources company operating in the minerals sector. Its ordinary fully paid shares trade on the ASX under the ticker ADN, offering investors exposure to mining and exploration activities through equity...
Andromeda Metals launches $3m share purchase plan to accelerate HPA project
Andromeda Metals Limited has launched a share purchase plan aiming to raise about $3 million from eligible shareholders in Australia, New Zealand and Luxembourg at a discounted price of $0.0059 per share. The offer allows each shareholder to apply fo...
Andromeda Metals Commissions High-Purity Alumina Pilot Plant and Launches Co-Product Testwork
Andromeda Metals has completed commissioning of its high-purity alumina pilot plant and commenced an optimisation and testwork program to transition from laboratory-scale to continuous pilot-scale operations. The program is designed to refine the flo...
Andromeda Reaffirms Great White Project Assumptions in Risk-Focused Update
Andromeda Metals has released an updated company presentation outlining its current project portfolio and key technical and financial assumptions for the Great White Kaolin Project and its related HPA development. The company reiterates that its feas...
Andromeda De-Risks Great White Stage 1A+ as Early Works Wrap Up
Andromeda Metals has completed transportation of all long lead equipment for the Stage 1A+ development of its Great White Project, with the final filter press components now in Australia and in storage after customs clearance. This caps off a suite o...
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.
Date of analysis: Sep 30, 2026