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Carnavale Resources Limited
(Sydney:CAV)
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Rating:47Neutral
Price Target:
AU$0.08
▼(-20.00% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily held back by weak financial performance (zero FY2026 revenue, ongoing losses, and negative operating/free cash flow). Technicals add additional pressure with the stock below key moving averages and negative MACD. The main offset is a stronger balance sheet with no debt and increased equity, but valuation remains constrained by unprofitable earnings and no dividend support.
Positive Factors
Debt-free balance sheet
The absence of reported debt reduces interest obligations and refinancing exposure, giving Carnavale greater financial flexibility while it advances exploration assets. A debt-free structure also limits fixed claims on future funding and may help preserve capital for drilling, studies, and project transactions.
Negative Factors
No current revenue
The absence of FY2026 revenue confirms that Carnavale has not established recurring operating sales from mineral production. This leaves business value dependent on exploration outcomes and asset transactions, making funding needs and earnings visibility less predictable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces interest obligations and refinancing exposure, giving Carnavale greater financial flexibility while it advances exploration assets. A debt-free structure also limits fixed claims on future funding and may help preserve capital for drilling, studies, and project transactions.
Read all positive factors
Carnavale Resources Limited (CAV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$34.28M
Dividend YieldN/A
Average Volume (3M)279.30K
Price to Earnings (P/E)―
Beta (1Y)-0.24
Revenue GrowthN/A
EPS Growth65.71%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding408,065,550
10 Day Avg. Volume434,359
30 Day Avg. Volume279,299
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)1.89
Price to Sales (P/S)0.00
P/FCF Ratio-54.39
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
Carnavale Resources Limited Business Overview & Revenue Model
Company Description
Carnavale Resources Limited is an Australian enterprise primarily engaged in mineral exploration, targeting a diverse range of commodities such as tin, lithium, cobalt, silver, nickel, gold, copper, and other precious metal deposits. The company w...
How the Company Makes Money
Carnavale Resources Limited’s primary economic model is typical of an exploration-stage company: it funds exploration to create value in its mineral tenements and seeks to monetise that value through asset transactions rather than through ongoing ...
Carnavale Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
29
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 151.84K | 222.57K | 55.22K | 3.35K |
| Gross Profit | 0.00 | 151.84K | 222.57K | 54.60K | 2.88K |
| EBITDA | -1.42M | -438.31K | -765.00K | -550.52K | -1.49M |
| Net Income | -1.23M | -3.03M | -791.14K | -452.61K | -1.41M |
Balance Sheet | |||||
| Total Assets | 16.56M | 10.40M | 11.49M | 8.98M | 9.49M |
| Cash, Cash Equivalents and Short-Term Investments | 2.99M | 777.60K | 1.24M | 919.18K | 3.25M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 448.66K | 224.62K | 338.19K | 379.08K | 527.02K |
| Stockholders Equity | 16.11M | 10.18M | 11.15M | 8.60M | 8.97M |
Cash Flow | |||||
| Free Cash Flow | -560.32K | -2.52M | -2.62M | -2.33M | -3.25M |
| Operating Cash Flow | -560.32K | -388.29K | -351.10K | -416.25K | -501.98K |
| Investing Cash Flow | -3.77M | -2.13M | -2.26M | -1.91M | -2.75M |
| Financing Cash Flow | 6.54M | 2.05M | 2.94M | -1.66K | 2.97M |
Carnavale Resources Limited Technical Analysis
Neutral
0.10
Price Trends
0.09
Negative
0.09
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
47.85
Neutral
38.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAV, the sentiment is Neutral. The current price of 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.85 is Neutral, neither overbought nor oversold. The STOCH value of 38.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CAV.
Carnavale 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% | |
54 Neutral | AU$69.00M | -21.67 | -4.92% | ― | ― | 81.54% | |
49 Neutral | AU$52.39M | -5.46 | -22.65% | ― | ― | -2.81% | |
47 Neutral | AU$34.28M | -24.71 | -7.59% | ― | ― | 65.71% | |
47 Neutral | AU$21.74M | -4.57 | -10.29% | ― | ― | -300.00% | |
43 Neutral | AU$30.49M | -12.36 | -8.50% | 65.74% | ― | 26.05% | |
42 Neutral | AU$54.71M | -3.26 | -33.02% | ― | -100.00% | 80.38% |
* Basic Materials Sector Average
AU:CAV
Carnavale Resources Limited
0.08
<0.01
1.20%
AU:PNN
PepinNini Minerals Limited
0.12
0.02
23.71%
AU:JLL
Jindalee Resources Limited
0.40
-0.19
-31.86%
AU:GAL
Galileo Mining Ltd.
0.11
-0.11
-51.16%
AU:RTR
Rumble Resources Limited
0.05
0.02
60.61%
AU:LEX
Lefroy Exploration Ltd.
0.11
-0.06
-35.29%
Carnavale Resources Limited Corporate Events
Carnavale Resources Lodges 2026 Corporate Governance Statement with ASX
Sep 17, 2026
Carnavale Resources Limited has lodged its corporate governance statement for the year ended 30 June 2026, confirming compliance with ASX Corporate Governance Council principles. The statement is published on the company’s website and has be...
Carnavale Resources Releases 2026 Annual Report Detailing Operations and Mineral Assets
Sep 17, 2026
Carnavale Resources Limited has released its annual report for the year ended 30 June 2026, providing a comprehensive review of operations, financial statements, and governance disclosures. The report details the company’s consolidated incom...
Carnavale Confirms High Gold Recoveries at Kookynie, Paving Way for Toll Treatment Deals
Aug 2, 2026
Carnavale Resources has completed definitive-level metallurgical testwork for its Kookynie Gold Project in Western Australia, confirming that oxide, transitional, and fresh ores achieve gold recoveries of 98% to 99% at typical processing plant gri...
Carnavale Advances Kookynie Gold Project with Resource Upgrade and New Drilling
Jul 27, 2026
Carnavale has updated the Mineral Resource Estimate for the Kookynie Gold Project to 855,000 tonnes at 4.4 grams per tonne for 120,000 ounces of gold, a modest increase on the prior estimate. Importantly, measured and indicated resources now accou...
Carnavale Discloses Final Interests as Director Ron Gajewski Steps Down
Jun 30, 2026
Carnavale Resources Limited, an Australian mineral exploration company, operates in the resources sector with a focus on discovering and advancing mining projects for shareholder value. The company’s activities include managing equity intere...
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.