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Cannindah Resources Limited
(Sydney:CAE)
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Rating:45Neutral
Price Target:
AU$0.03
▼(-16.67% Downside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak financial performance (recurring losses and persistent negative operating/free cash flow) and bearish technicals (price below key moving averages with negative MACD). A low-debt balance sheet and expanded equity base provide some stability, but the lack of profits/dividend support and limited valuation clarity keep the overall score in the lower range.
Positive Factors
Very low leverage
Near-zero debt materially reduces refinancing, interest and solvency risk while leaving more financial flexibility for exploration spending. This stronger balance-sheet position can help the company pursue projects through difficult periods without the additional pressure created by substantial fixed financing obligations.
Negative Factors
Persistent losses and minimal revenue
The absence of recurring revenue and the continuation of operating and net losses show that the exploration portfolio has not yet become a self-sustaining commercial business. This weak earnings base limits internal funding capacity and makes future financial performance dependent on successful project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Near-zero debt materially reduces refinancing, interest and solvency risk while leaving more financial flexibility for exploration spending. This stronger balance-sheet position can help the company pursue projects through difficult periods without the additional pressure created by substantial fixed financing obligations.
Read all positive factors
Cannindah Resources Limited (CAE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$37.22M
Dividend Yield118.18%
Average Volume (3M)1.04M
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue GrowthN/A
EPS Growth-38.46%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,431,683,100
10 Day Avg. Volume1,146,358
30 Day Avg. Volume1,036,271
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)0.83
Price to Sales (P/S)0.00
P/FCF Ratio-4.33
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
Cannindah Resources Limited Business Overview & Revenue Model
Company Description
Cannindah Resources Limited, operating with its subsidiaries, is an Australian firm dedicated to the identification, appraisal, and development of diverse mineral resources across the country. Its primary exploratory efforts are directed towards u...
How the Company Makes Money
null...
Cannindah Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
21
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 15.49K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -29.38K | -18.99K | 15.49K | -35.80K | -8.83K | -1.23K |
| EBITDA | -1.69M | -1.99M | -413.44K | -1.39M | -1.89M | -1.59M |
| Net Income | -1.72M | -1.85M | -960.61K | -1.51M | -1.90M | -1.60M |
Balance Sheet | ||||||
| Total Assets | 23.11M | 40.54M | 20.08M | 17.83M | 16.83M | 12.38M |
| Cash, Cash Equivalents and Short-Term Investments | 1.64M | 14.07M | 211.27K | 25.25K | 659.36K | 1.28M |
| Total Debt | 11.78K | 0.00 | 29.12K | 61.48K | 91.08K | 0.00 |
| Total Liabilities | 109.84K | 821.27K | 655.23K | 3.11M | 2.75M | 2.03M |
| Stockholders Equity | 23.00M | 39.72M | 19.42M | 14.71M | 14.08M | 10.35M |
Cash Flow | ||||||
| Free Cash Flow | -1.47M | -7.60M | -4.45M | -2.14M | -5.17M | -3.64M |
| Operating Cash Flow | -1.43M | -1.27M | -969.61K | -688.58K | -1.26M | -1.06M |
| Investing Cash Flow | -4.37M | -6.34M | -3.48M | -1.45M | -3.91M | -2.57M |
| Financing Cash Flow | 4.15M | 21.46M | 4.63M | 1.50M | 4.55M | 3.63M |
Cannindah Resources Limited Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
46.52
Neutral
63.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAE, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.52 is Neutral, neither overbought nor oversold. The STOCH value of 63.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CAE.
Cannindah Resources 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% | |
56 Neutral | AU$77.67M | -36.25 | -6.90% | 1.97% | ― | 27.27% | |
50 Neutral | AU$61.76M | -10.13 | -12.73% | ― | ― | 39.20% | |
46 Neutral | AU$32.99M | -5.50 | -26.87% | ― | ― | -100.00% | |
45 Neutral | AU$37.22M | -14.44 | -5.89% | 118.18% | ― | -38.46% | |
44 Neutral | AU$4.41M | -2.78 | -55.63% | ― | ― | -85.71% | |
42 Neutral | AU$31.85M | -42.50 | -25.64% | ― | ― | 41.18% |
* Basic Materials Sector Average
AU:CAE
Cannindah Resources Limited
0.03
>-0.01
-21.21%
AU:ODE
Odessa Minerals Limited
0.02
<0.01
30.77%
AU:HMX
Hammer Metals Limited
0.09
0.05
123.08%
AU:QML
QMines Ltd.
0.08
0.02
29.03%
AU:COY
Coppermoly Limited
0.01
>-0.01
-28.57%
AU:RIM
Rimfire Pacific Mining Limited
0.01
>-0.01
-38.89%
Cannindah Resources Limited Corporate Events
Cannindah boosts Mt Cannindah copper resource by 37% and targets further growth
Sep 28, 2026
Cannindah Resources has reported a 37% upgrade to the Mineral Resource Estimate at the Cannindah Breccia, now standing at 23.2 million tonnes at 0.93% copper equivalent containing 216,500 tonnes of copper-equivalent metal. About 85% of this resour...
Cannindah Resources Seeks Trading Halt Ahead of Updated Mineral Resource Estimate
Sep 27, 2026
Cannindah Resources Limited has requested a trading halt on all its listed securities on the ASX from 28 September 2026, pending the release of an updated Mineral Resource Estimate. The halt will remain in place until either the announcement is re...
Cannindah Resources Details Alignment With ASX Governance Standards
Sep 24, 2026
Cannindah Resources Limited has detailed governance structures that place its board at the centre of strategic oversight, risk management and regulatory compliance, reflecting its position in the resources sector. The company tailors its corporate...
Cannindah Resources Publishes 2026 Annual Financial Report
Sep 24, 2026
Cannindah Resources Limited has released its annual financial report for the year ended 30 June 2026, outlining its statutory financial performance and position. The report encompasses key statements including profit or loss, other comprehensive i...
Cannindah confirms high-priority porphyry copper target at Appletree
Sep 23, 2026
Cannindah Resources has confirmed a high-priority porphyry copper target at the Appletree prospect within its Southern Porphyry Target, following reconnaissance and diamond drilling that outlined strongly anomalous copper, gold and silver over an ...
Cannindah Resources flags lower-cost pathway with strong Mt Cannindah flotation results
Sep 21, 2026
Cannindah Resources has reported strong initial metallurgical results from NovaCell Coarse Particle Flotation testwork at its Mt Cannindah Project, achieving 94% copper and 92% silver recoveries at a coarse grind size while rejecting 82% of proces...
Cannindah accelerates drilling as Cannindah Breccia resource upgrade looms
Sep 15, 2026
Cannindah Resources has accelerated drilling at its Cannindah Breccia copper-gold deposit, adding a second diamond rig to support a major resource expansion program. The company is updating its previously reported mineral resource estimate, incorp...
Cannindah Resources Issues 4 Million Unquoted Options Under Incentive Scheme
Sep 1, 2026
Cannindah Resources Limited has issued a total of 4 million unquoted options under an employee incentive scheme, split between two new classes of options expiring in August 2030 and August 2031 with exercise prices of $0.049 and $0.066 respectivel...
Cannindah Resources expands high-grade Mt Cannindah copper-gold system
Jul 30, 2026
Cannindah Resources reported a strong June quarter at its Mt Cannindah copper-gold project in Queensland, completing 27 reverse circulation holes and four diamond holes aimed at expanding and upgrading the Cannindah Breccia Mineral Resource. Drill...
Cannindah Resources Reaffirms Mt Cannindah Copper-Gold Growth Narrative
Jul 21, 2026
Cannindah Resources has released an investor presentation positioning Mt Cannindah as Queensland’s next copper-gold growth story and reaffirming its previously reported resource and exploration data. The company confirms that there is no new...
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.