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Altamin Limited
(Sydney:AZI)
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Rating:46Neutral
Price Target:
AU$0.03
▲(30.00% Upside)
Action:Reiterated
Date:10/03/26
The score is primarily held down by weak financial performance (minimal/zero revenue periods, persistent losses, and ongoing cash burn), which raises execution and funding risk despite low leverage. Technical indicators provide only modest support with mild upward momentum but near-overbought signals. Valuation is also challenged due to negative earnings and no dividend yield data.
Positive Factors
Very low leverage
An essentially debt-free balance sheet limits refinancing and solvency pressure while Altamin advances its exploration portfolio. Low leverage preserves financial flexibility to pursue projects, negotiate partnerships, or raise capital without the additional burden of substantial interest obligations.
Negative Factors
Minimal and inconsistent revenue
The absence of dependable operating revenue means Altamin cannot currently fund its activities through recurring sales. Its financial performance therefore remains closely tied to exploration success, project transactions, and continued access to external capital rather than established operating income.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
An essentially debt-free balance sheet limits refinancing and solvency pressure while Altamin advances its exploration portfolio. Low leverage preserves financial flexibility to pursue projects, negotiate partnerships, or raise capital without the additional burden of substantial interest obligations.
Read all positive factors
Altamin Limited (AZI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$21.47M
Dividend YieldN/A
Average Volume (3M)111.25K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS Growth33.33%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding795,206,700
10 Day Avg. Volume10,551
30 Day Avg. Volume111,248
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)7.16
Price to Sales (P/S)0.00
P/FCF Ratio-4.36
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
12
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 77.16K | 151.27K | 79.79K | 0.00 |
| Gross Profit | -153.11K | 77.16K | 151.27K | 51.61K | -66.18K |
| EBITDA | -5.20M | -3.02M | -2.16M | -2.81M | -5.57M |
| Net Income | -4.36M | -4.96M | -3.69M | -2.83M | -5.66M |
Balance Sheet | |||||
| Total Assets | 4.08M | 2.41M | 3.80M | 5.17M | 5.43M |
| Cash, Cash Equivalents and Short-Term Investments | 2.39M | 1.10M | 1.23M | 1.00M | 4.84M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 63.27K |
| Total Liabilities | 1.74M | 985.24K | 633.03K | 564.71K | 1.42M |
| Stockholders Equity | 2.34M | 1.43M | 3.17M | 4.60M | 4.01M |
Cash Flow | |||||
| Free Cash Flow | -3.84M | -3.15M | -2.02M | -3.83M | -5.14M |
| Operating Cash Flow | -3.84M | -3.15M | -2.02M | -3.82M | -5.09M |
| Investing Cash Flow | -2.16K | -96.49K | 0.00 | -4.74K | -50.55K |
| Financing Cash Flow | 5.14M | 3.10M | 2.25M | -13.34K | 5.88M |
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
90.48
Negative
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 90.48 is Negative, 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% | |
46 Neutral | AU$21.47M | -4.58 | -123.10% | ― | ― | 33.33% | |
44 Neutral | AU$14.09M | -4.33 | -72.11% | ― | ― | -172.73% | |
44 Neutral | AU$13.78M | -5.83 | -3.39% | ― | ― | 10.00% | |
43 Neutral | AU$13.45M | -0.50 | -108.56% | ― | 71.47% | 55.78% | |
42 Neutral | AU$19.33M | -25.11 | -10.62% | ― | ― | -50.00% | |
42 Neutral | AU$18.75M | -6.67 | 160.96% | ― | ― | -200.00% |
* Basic Materials Sector Average
AU:AZI
Altamin Limited
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Altamin Limited Corporate Events
Altamin Appoints New Director With No Current Securities Interests
Oct 1, 2026
Altamin Limited has appointed Aviv Kirshenbaum as a director effective 1 October 2026, and has lodged the required Initial Director’s Interest Notice with the ASX. The filing confirms that Kirshenbaum holds no relevant interests in Altamin s...
Altamin strengthens governance with new joint company secretaries
Sep 30, 2026
Altamin Limited has appointed Henko Vos and Catherine Earlie of Horizon Nexus Partners as joint company secretaries, effective 1 October 2026, to provide company secretarial and broader corporate support services. The pair will oversee communicati...
Altamin Files ASX Appendix 4G, Highlights Governance Compliance
Sep 29, 2026
Altamin Limited has lodged its Appendix 4G with the ASX, outlining how it complies with the Corporate Governance Council’s principles and recommendations. The filing confirms that the company’s corporate governance statement for the ye...
Altamin Releases Annual Report for Year Ended 30 June 2026
Sep 29, 2026
Altamin Limited has released its annual report for the year ended 30 June 2026, detailing operational performance, financial statements and audit outcomes for the consolidated group. The report also confirms ongoing adherence to corporate governan...
Altamin reshapes board and finance leadership to advance Lazio project
Sep 21, 2026
Altamin Limited has strengthened its board with the appointment of energy and natural resources executive Aviv Kirshenbaum as an independent non-executive director, effective 1 October 2026. His extensive experience in European and Eastern Mediter...
Altamin Issues 13.8 Million Performance Rights Under Incentive Scheme
Aug 19, 2026
Altamin Limited has notified the market of the issue of 13,800,000 unquoted performance rights under its employee incentive scheme, effective 19 August 2026. The granting of these rights underscores the company’s continued reliance on equity...
Altamin Secures Non-Dilutive $2m Facility to Advance Lazio and Gorno Projects
Aug 6, 2026
Altamin Limited has secured a new unsecured A$2 million cash advance facility from major shareholder Victor Smorgon Group, with the option to increase by up to A$1 million, to provide non-dilutive funding alongside its existing cash balance. The f...
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 ...
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.