C29 Metals Limited AI Stock Analysis
Want to see AU:C29 full AI Analyst Report?
C29 Metals Limited (C29) AI Stock Analysis
C29 Metals Limited
(ASX:C29)
The overall score is very low, driven primarily by the company's dire financial state. The lack of revenue, ongoing cash burn, and near-depleted equity base present an existential risk. While recent price action shows some mildly positive technical momentum, this is a secondary factor that does not offset the fundamental weakness. The negative P/E ratio and lack of a dividend further confirm the stock's unattractive valuation.
C29 Metals Limited (C29) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 4.48M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.30M
- Price to Earnings (P/E)
- -2.2
- Beta (1Y)
- 0.63
- Revenue Growth
- ―
- EPS Growth
- 77.58%
- Country
- Australia
- Employees
- 1
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
C29 Metals Limited Business Overview & Revenue Model
Company Description
C29 Metals Limited, an Australian-based mining exploration firm established in 2020 and headquartered in Subiaco, is dedicated to the identification, exploration, and development of copper, gold, and base metal deposits across Australia. The company...
C29 Metals Limited Financial Statement Overview
Summary
Financial health is critically weak. The company has no revenue, is deeply unprofitable with a TTM net loss of $1.6M, and is burning cash at an unsustainable rate. Equity has nearly vanished, falling to $0.36M, and new debt has been taken on. The risk of insolvency is high without immediate financing.
Income Statement
8Very NegativeBalance Sheet
35NegativeCash Flow
5Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 43.74K | 0 | 20.07K | 51.40K |
| Gross Profit | 0 | -15.56K | 43.74K | -562 | 20.07K | 50.92K |
| EBITDA | -1.59M | -1.59M | -6.66M | -3.42M | -2.64M | -1.00M |
| Net Income | -1.61M | -1.61M | -6.76M | -3.42M | -2.64M | -1.00M |
Balance Sheet | ||||||
| Total Assets | 926.76K | 926.76K | 3.39M | 7.67M | 4.87M | 5.45M |
| Cash, Cash Equivalents and Short-Term Investments | 758.78K | 758.78K | 1.05M | 2.23M | 1.31M | 3.14M |
| Total Debt | 143.10K | 143.10K | 23.90K | 15.47K | 0 | 0 |
| Total Liabilities | 565.14K | 565.14K | 115.74K | 234.19K | 404.51K | 86.82K |
| Stockholders Equity | 361.62K | 361.62K | 3.27M | 7.44M | 4.46M | 5.36M |
Cash Flow | ||||||
| Free Cash Flow | -1.58M | -1.58M | -3.40M | -2.29M | -2.86M | -1.84M |
| Operating Cash Flow | -1.58M | -1.58M | -1.40M | -1.44M | -570.08K | -781.82K |
| Investing Cash Flow | -37.30K | -37.30K | -2.01M | -842.64K | -2.29M | -1.05M |
| Financing Cash Flow | 1.10M | 1.10M | 2.24M | 3.20M | 1.02M | 4.57M |
C29 Metals Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:C29, the sentiment is Negative. The current price of 0.02 is below 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 bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 41.60 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:C29.
C29 Metals Limited Peers Comparison
Overall Rating
AU:SBR45Neutral- AU:C2943Neutral
AU:PBL43Neutral
AU:SRN39Underperform
AU:CMO37Underperform
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% |
| AU:SBR | 45Neutral | AUD 4.57M | -1.39 | -13.01% | ― | ― | -158.82% |
| AU:C29 | 43Neutral | AUD 4.48M | -2.25 | -603.76% | ― | ― | 77.58% |
| AU:PBL | 43Neutral | AUD 3.12M | -7.25 | -18.57% | ― | ― | 71.13% |
| AU:SRN | 39Underperform | AUD 3.39M | -1.31 | -37.96% | ― | ― | -37.80% |
| AU:CMO | 37Underperform | AUD 3.16M | -0.36 | >-0.01% | ― | ― | 44.59% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:C29 | C29 Metals Limited | 0.02 | -0.01 | -20.00% | |
| AU:CMO | Cosmo Metals Limited | 0.01 | -0.01 | -50.00% | |
| AU:PBL | Parabellum Resources Ltd. | 0.05 | -0.03 | -36.71% | |
| AU:SRN | Surefire Resources NL | 0.01 | -0.01 | -44.44% | |
| AU:SBR | Sabre Resources Ltd | 0.01 | 0.00 | 0.00% |
C29 Metals Limited Corporate Events
C29 Metals Director Reports Indirect Acquisition of 10 Million Shares
C29 Metals reported that director James Myers acquired an indirect interest in 10,000,000 fully paid ordinary shares at $0.012 each through Molo Capital Pty Ltd ATF Jamie Myers Family Trust. The placement was approved at the 30 October 2026 annual ge...
C29 Metals Issues Cleansing Notice for 200 Million Shares
C29 Metals Limited is identified as an ASX-listed company, but the release does not specify its industry, products, services or market focus. It issued 200,000,000 fully paid ordinary shares to sophisticated and professional investors after sharehold...
C29 Metals applies for quotation of 200,000,000 ordinary securities
C29 Metals Limited applied for quotation of 200,000,000 ordinary fully paid securities, with an issue date of 12 November 2026. The securities were identified as part of transaction or transactions previously announced to the market in an Appendix 3B...
C29 Metals Wins Strong Shareholder Backing at Annual General Meeting
C29 Metals Limited reported that all resolutions put to shareholders at its Annual General Meeting on 30 October 2026 were passed by poll with near-unanimous support. Investors backed the adoption of the remuneration report, the election of director...
C29 Metals Tightens Capital Structure as 2 Million Options Expire Unexercised
C29 Metals Limited has announced changes to its issued capital following the lapse of a tranche of listed options. The company, which operates in the metals exploration and development industry, maintains a mix of ordinary shares and derivative secur...
C29 Metals Raises $2.4m and Streamlines Exploration Portfolio
C29 Metals has secured binding commitments from sophisticated and professional investors to raise $2.4 million via a placement of 200 million shares at $0.012, subject to shareholder approval at its 2026 AGM. The funds will support exploration at the...
C29 Metals Director James Myers Increases Indirect Shareholding
C29 Metals Limited has disclosed a change in director James Myers’ indirect interest in the company’s securities via Molo Capital Pty Ltd ATF Jamie Myers Family Trust. Myers increased his holding by purchasing 2,000,000 fully paid ordinary shares on...
C29 Metals Sets Date and Terms for 2026 AGM in Perth
C29 Metals Limited has called its Annual General Meeting for 30 October 2026 in Perth, with shareholders of record as of 28 October 2026 eligible to vote. The meeting will be held as a physical-only event, with no online participation offered, reinfo...
C29 Metals Outlines 2026 Corporate Governance Framework
C29 Metals has released its Corporate Governance Statement for the financial year ending 30 June 2026, confirming its alignment with the ASX Corporate Governance Council’s fourth edition principles and recommendations. The board has adopted a compreh...
C29 Metals Details Corporate Structure in 2026 Annual Report
C29 Metals Limited has released its annual corporate information for the financial year ended 30 June 2026, outlining its governance structure, registered and principal office details, and key service providers. The report confirms its ASX listing st...
C29 Metals Plans Large ASX Share Placement for November 2026
C29 Metals Limited has notified the ASX of a proposed equity placement involving up to 200,000,000 ordinary fully paid shares, with an expected issue date of 5 November 2026. The company has lodged an Appendix 3B outlining the planned securities issu...
C29 Metals Secures $2.4m Placement to Fund Exploration and Global Growth
C29 Metals Limited has secured binding commitments from sophisticated and professional investors to raise $2.4 million via a placement of 200 million new shares at $0.012 each, with completion subject to shareholder approval at the 2026 Annual Genera...
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 27, 2026