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Altamin Limited
(Sydney:AZI)
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Rating:45Neutral
Price Target:
AU$0.02
▲(10.00% Upside)
Action:Reiterated
Date:07/11/26
The score is driven down primarily by weak financial performance (small/declining revenue, large ongoing losses, and consistent cash burn), with additional pressure from bearish technical signals (price below key moving averages, negative MACD, RSI below 50). Valuation contributes only modestly because the negative P/E reflects unprofitability and dividend support is not present.
Positive Factors
Exposure to base and battery metals
Targeting base and battery metals aligns Altamin with durable structural demand drivers (electrification and infrastructure). That commodity exposure increases the likelihood of partner interest and project valuation uplift if exploration success converts to defined resources and JV opportunities.
Negative Factors
Persistent negative operating cash flow
Sustained negative operating cash flow shows the business consumes real cash to fund exploration, making it dependent on external financing. Over months this magnifies runway risk and forces recurring capital raises or dilutive transactions that can constrain long-term strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Exposure to base and battery metals
Targeting base and battery metals aligns Altamin with durable structural demand drivers (electrification and infrastructure). That commodity exposure increases the likelihood of partner interest and project valuation uplift if exploration success converts to defined resources and JV opportunities.
Read all positive factors
Altamin Limited (AZI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$21.47M
Dividend YieldN/A
Average Volume (3M)123.04K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue GrowthN/A
EPS Growth33.33%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.18
Shares Outstanding795,206,700
10 Day Avg. Volume84,016
30 Day Avg. Volume123,039
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)6.22
Price to Sales (P/S)115.15
P/FCF Ratio-2.82
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
Altamin Limited Business Overview & Revenue Model
Company Description
Altamin Limited is engaged in identifying and evaluating mineral resources across Australia and Italy. The company's primary focus is on locating deposits rich in zinc, lead, cobalt, and silver. Notably, it maintains interests in the Gorno zinc in...
How the Company Makes Money
Altamin does not typically generate revenue in the way an operating miner does (i.e., from selling produced metal); instead, it is primarily an exploration-stage company whose ability to generate earnings depends on progressing exploration assets ...
Altamin Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 77.16K | 151.27K | 79.79K | 0.00 | 0.00 |
| Gross Profit | -1.41K | 77.16K | 151.27K | 51.61K | -66.18K | -91.00K |
| EBITDA | -4.60M | -3.02M | -2.16M | -2.81M | -5.57M | -5.28M |
| Net Income | -4.25M | -4.96M | -3.69M | -2.83M | -5.66M | -5.38M |
Balance Sheet | ||||||
| Total Assets | 5.78M | 2.41M | 3.80M | 5.17M | 5.43M | 5.29M |
| Cash, Cash Equivalents and Short-Term Investments | 3.91M | 1.10M | 1.23M | 1.00M | 4.84M | 4.08M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 63.27K | 41.30K |
| Total Liabilities | 1.03M | 985.24K | 633.03K | 564.71K | 1.42M | 1.49M |
| Stockholders Equity | 4.74M | 1.43M | 3.17M | 4.60M | 4.01M | 3.81M |
Cash Flow | ||||||
| Free Cash Flow | -4.45M | -3.15M | -2.02M | -3.83M | -5.14M | -4.94M |
| Operating Cash Flow | -4.45M | -3.15M | -2.02M | -3.82M | -5.09M | -4.92M |
| Investing Cash Flow | -94.59K | -96.49K | 0.00 | -4.74K | -50.55K | 135.41K |
| Financing Cash Flow | 5.14M | 3.10M | 2.25M | -13.34K | 5.88M | 6.65M |
Altamin Limited Technical Analysis
Positive
0.02
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
>-0.01
Negative
55.26
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AZI, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.26 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:AZI.
Altamin Limited 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% | |
45 Neutral | AU$21.47M | -0.15 | -137.88% | ― | ― | 33.33% | |
44 Neutral | AU$15.18M | -4.67 | -72.11% | ― | ― | -172.73% | |
44 Neutral | AU$13.09M | -5.28 | -3.39% | ― | ― | 10.00% | |
43 Neutral | AU$13.45M | -0.50 | -108.56% | ― | 71.47% | 55.78% | |
42 Neutral | AU$20.99M | -63.33 | -9.98% | ― | ― | 48.15% | |
42 Neutral | AU$19.50M | -7.88 | 160.96% | ― | ― | -200.00% |
* Basic Materials Sector Average
AU:AZI
Altamin Limited
0.03
>-0.01
-6.90%
AU:PSL
Paterson Resources
0.04
<0.01
26.67%
AU:PEC
Perpetual Resources
0.01
0.00
0.00%
AU:HOR
Horseshoe Metals Limited
0.03
>-0.01
-25.71%
AU:SVG
Laneway Resources Ltd.
0.01
-0.01
-50.00%
AU:HIO
Hawsons Iron Ltd
0.01
-0.01
-54.55%
Altamin Limited Corporate Events
Altamin Advances Lazio Geothermal Brines Project as EU-Aligned Strategy Takes Shape
Jul 29, 2026
Altamin advanced the Lazio Project during the June quarter, completing technical workstreams for a Scoping Study and confirming market potential for premium sulphate of potash fertiliser in European and global markets. Independent logistics and sa...
Altamin Limited Seeks Quotation for Additional 2.25 Million Shares on ASX
Jul 10, 2026
Altamin Limited has lodged a new application with the ASX for the quotation of 2,250,000 ordinary fully paid shares under its existing ticker AZI. The securities are scheduled to be issued and quoted on 10 July 2026, reflecting a modest expansion ...
Altamin Issues 2.4 Million Unlisted Options Under Previously Flagged Deal
Jul 1, 2026
Altamin Limited has notified the market of the issuance of 2.4 million unlisted options, formalised through an Appendix 3G filing with the Australian Securities Exchange. The unquoted options, issued on 30 June 2026 and not intended for quotation,...
Altamin Issues 4.5 Million Unquoted Performance Rights Under Incentive Scheme
Jul 1, 2026
Altamin Limited has notified the market of the issue of 4.5 million unquoted performance rights under its employee incentive scheme. The new securities, which are not intended to be quoted on the ASX, were issued on 30 June 2026 and are designed t...
Altamin issues new shares to pay Terracon consultancy fees
Jul 1, 2026
Altamin Limited has issued 572,000 ordinary fully paid shares as consideration for consultancy services provided by Terracon Resources Srl. The new shares, quoted on the ASX under code AZI from 1 July 2026, reflect the company’s use of equit...
Altamin Plans Modest Share Placement on ASX
Jun 29, 2026
Altamin Limited has notified the Australian Securities Exchange of a proposed placement of up to 572,000 ordinary fully paid shares. The new securities, to be issued on 1 July 2026, form part of the company’s capital-raising activities and w...
Altamin Issues Shares, Options and Performance Rights Within Placement Capacity
Jun 29, 2026
Altamin Limited will issue 572,000 fully paid ordinary shares to Terracon Resources Srl as payment for technical advisory services on its Italian projects, utilising existing placement capacity so no shareholder approval is required. The move unde...
Altamin Options Lapse, Streamlining Capital Structure
Jun 2, 2026
Altamin Limited has announced the expiry of three classes of listed options, each with different exercise prices and all maturing on 1 June 2026. A total of around 1.4 million options lapsed unexercised, slightly reducing the pool of potential fut...
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.