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Canterbury Resources Ltd. (CBY) AI Stock Analysis

AU:CBY

Canterbury Resources Ltd.

(ASX:CBY)

Select Model
Rating:42Neutral
Price Target:AUD 0.03â–¼(-3.70% Downside)
Action:reiterated
Date:10/22/26

The score is primarily constrained by very weak profitability and persistent cash burn. A debt-free balance sheet reduces financial risk, while deeply oversold technical conditions provide limited offset. The negative P/E and absence of dividend support keep the overall score near the lower end of the range.

Positive Factors
Minimal leverageMinimal debt materially reduces financial strain and leaves more flexibility to fund exploration, preserve assets, or respond to operating setbacks. Unlike a highly leveraged explorer, Canterbury is not burdened by substantial interest costs or near-term debt repayment pressure while pursuing resource discoveries.
Negative Factors
Persistent unprofitabilityRecurring operating and net losses show that the business has not yet converted its exploration activities into sustainable profitability. Continued deficits weaken shareholder returns, limit internally generated funding, and make future progress dependent on successful projects or additional capital.

Canterbury Resources Ltd. (CBY) vs. iShares MSCI Australia ETF (EWA)

-25%0%25%50%75%100%125%150%AU:CBY+8.00%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 7.94M
Dividend Yield
―
Average Volume (3M)
167.69K
Price to Earnings (P/E)
-5.4
Beta (1Y)
-0.06
Revenue Growth
―
EPS Growth
7.41%
Country
Australia
Employees
1,273
Sector
Basic Materials
Sector Strength
61
Industry
Other Precious Metals

Canterbury Resources Ltd. Business Overview & Revenue Model

Company Description

Canterbury Resources Ltd. engages in mineral exploration. It operates through the Papua New Guinea and Australia geographical segments. The company was founded on July 19, 2011 and is headquartered in Sydney, Australia.

Canterbury Resources Ltd. Financial Statement Overview

Summary

Weak earnings and cash flow, including no latest-year revenue, approximately A$1.26 million in losses, and approximately A$1.3 million of operating cash outflow, are partly offset by a debt-free balance sheet and solid equity base.

Income Statement

22Negative

Balance Sheet

71Positive

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue7,2950502.53K434.62K214.88K0
Gross Profit5,064-4,441502.53K434.62K188.93K-28.13K
EBITDA-1.25M-1.25M-969.81K-681.71K-790.38K-1.76M
Net Income-1.26M-1.26M-1.07M-705.18K-817.81K-1.80M
Balance Sheet
Total Assets11.84M11.84M12.06M12.49M11.59M11.48M
Cash, Cash Equivalents and Short-Term Investments220.50K220.50K704.63K753.02K294.45K362.80K
Total Debt00300.00K400.00K13.89K33.72K
Total Liabilities547.28K547.28K750.53K1.25M278.90K244.60K
Stockholders Equity11.29M11.29M11.31M11.24M11.32M11.23M
Cash Flow
Free Cash Flow-1.61M-1.61M-876.73K-570.04K-978.16K-1.89M
Operating Cash Flow-1.30M-1.30M-876.73K-563.80K-871.16K-1.62M
Investing Cash Flow-312.80K-312.80K76.46K26.54K-34.00K-229.12K
Financing Cash Flow1.13M1.13M808.22K997.62K836.81K978.69K

Canterbury Resources Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.03

Price Trends

50DMA0.04Negative
100DMA0.04Negative
200DMA0.04Negative

Market Momentum

MACD-0.00Positive
RSI10.97Positive
STOCH54.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBY, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 10.97 is Positive, neither overbought nor oversold. The STOCH value of 54.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CBY.

Canterbury Resources Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:CBY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:DUNAU:DUN45NeutralAUD 14.40M-1.46-136.86%――-217.92%
AU:NFLAU:NFL45NeutralAUD 11.09M-3.44-22.69%――-175.90%
AU:IDAAU:IDA42NeutralAUD 10.95M-2.88-10.03%―-100.00%-103.88%
AU:CBYAU:CBY42NeutralAUD 7.94M-5.40-10.82%――7.41%
AU:ERLAU:ERL41NeutralAUD 16.70M-11.43-370.82%――-50.00%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%100%150%AU:CBYAU:IDAAU:ERLAU:DUNAU:NFLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:CBY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:CBYCanterbury Resources Ltd.0.030.0012.50%
AU:IDAIndiana Resources Limited0.02-0.03-61.36%
AU:ERLEmpire Resources Limited0.010.000.00%
AU:DUNDundas Minerals Limited0.050.0111.36%
AU:NFLNorfolk Metals Ltd.0.11-0.06-37.14%

Canterbury Resources Ltd. Corporate Events

Canterbury pushes ahead with major copper drilling at Briggs and Monto

Oct 30, 2026

Canterbury Resources reported continued progress on major drilling programs at its Briggs and Monto copper-molybdenum projects in central Queensland during the September 2026 quarter. At Briggs, where a substantial mineral resource has already been d...

Canterbury Resources Launches Share Purchase Plan to Raise Equity Capital

Oct 29, 2026

Canterbury Resources Ltd. is an ASX-listed resources company whose ordinary fully paid shares trade under the ticker CBY, using capital market issuances to fund exploration and development and relying on shareholder participation in structured equity...

Canterbury Resources launches share plan to fund John Hill drilling

Oct 29, 2026

Canterbury Resources has launched a non-underwritten share purchase plan offering new shares at $0.03, aiming to raise about $1 million, with capacity to accept up to $2.5 million subject to demand and ASX rules. The offer, open to eligible sharehold...

Canterbury advances Briggs drilling as resource upgrade program gains momentum

Oct 22, 2026

Canterbury Resources has reported steady progress on its major drilling campaign at the Briggs Copper Project in Queensland, where around 4,850m has been completed across thirteen holes in an 80-hole program scheduled for 2026 and 2027. The work is d...

Canterbury Resources Updates Corporate Governance Disclosures for 2026

Oct 13, 2026

Canterbury Resources Ltd. has released its updated corporate governance statement for the financial year ended 30 June 2026, confirming board approval as of 13 October 2026. The statement is hosted on the company’s website and is supported by a...

Canterbury Resources Releases 2026 Annual Report Detailing Governance and Financials

Oct 13, 2026

Canterbury Resources Ltd. has released its 2026 Annual Report, outlining the company’s governance structure and key statutory components. The report includes the chairman’s overview, a review of operations, directors’ and auditor re...

Canterbury Resources Issues 14.1 Million Unquoted Options

Oct 9, 2026

Canterbury Resources Ltd. has issued 14,100,000 unquoted options with an exercise price of $0.06 and an expiry date of 31 December 2028. The options, which are not intended to be quoted on the ASX, form part of previously announced transactions and r...

Canterbury Resources Seeks ASX Quotation for 14.2 Million New Shares

Oct 9, 2026

Canterbury Resources Ltd. has applied to the ASX for quotation of 14,225,000 new ordinary fully paid shares under its CBY ticker. The securities, issued on 9 October 2026, represent an expansion of the company’s quoted capital base.The addition...

Canterbury Resources Raises $564,000 Through Share Placement

Oct 9, 2026

Canterbury Resources Limited has completed a share placement, raising $564,000 before costs through the issue of 14,100,000 new shares accompanied by an equal number of free-attaching options, alongside 125,000 advisor shares. The new shares rank equ...

Canterbury Resources Plans New Share and Option Issue to Bolster Capital Base

Oct 6, 2026

Canterbury Resources has notified the ASX of a proposed securities issue consisting of 14,225,000 ordinary fully paid shares and up to 14,100,000 unquoted options exercisable at $0.06 each, expiring on 31 December 2028. The issue, structured as a pla...

Canterbury Resources Raises $564,000 to Advance Monto Exploration

Oct 6, 2026

Canterbury Resources has completed a strategic capital raising of $564,000 via a placement of 14.1 million new shares at $0.04 each to existing shareholders and new sophisticated investors, issued at a discount to its recent trading average. Particip...

Canterbury Resources Releases 2026 Annual Financial Report

Sep 29, 2026

Canterbury Resources Limited has released its annual financial report for the year ended 30 June 2026, covering the performance of the company and its controlled entities. The report includes directors’ commentary, audited financial statements...

Canterbury Resources Sets Date and Nomination Deadline for 2026 AGM

Sep 22, 2026

Canterbury Resources has scheduled its 2026 Annual General Meeting as an in-person event at its Pyrmont, New South Wales office on 17 November 2026 at 1:00pm AEDT. The company has outlined that nominations for director positions must be received by 5...

Canterbury Accelerates Drilling at Briggs and Monto Copper Projects

Sep 21, 2026

Canterbury Resources reports strong progress on its central Queensland copper-molybdenum portfolio, with intensive drilling underway at both the Briggs Copper Project and the John Hill deposit within the Monto Project. The company is working with par...

Canterbury restarts drilling at John Hill to expand copper-molybdenum resource

Aug 26, 2026

Canterbury Resources has begun a more than 2,000-metre diamond drilling program at the John Hill copper-molybdenum deposit in central Queensland, the first exploration there since 2013. The program aims to test lateral and depth extensions of a known...

Canterbury Resources Issues 1 Million Unquoted Employee Options

Aug 13, 2026

Canterbury Resources Ltd. has notified the market of the issue of 1,000,000 unquoted options under its employee incentive scheme, each exercisable at A$0.06 and expiring on June 30, 2029. The new options, which will not be quoted on the ASX, form par...

Canterbury Resources Targets Value Growth at Large-Scale Copper Projects

Aug 10, 2026

Canterbury Resources is advancing its portfolio of porphyry-related copper deposits, with existing resources estimated at 3.3 million tonnes of copper and 3.2 million ounces of gold on a 100 percent basis. The company’s operations center on the...

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.

Date of analysis: Oct 22, 2026