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Codrus Minerals Ltd (CDR) AI Stock Analysis

AU:CDR

Codrus Minerals Ltd

(ASX:CDR)

Select Model
Rating:41Neutral
Price Target:AUD 0.03â–¼(-5.56% Downside)
Action:reiterated
Date:10/15/26

Codrus Minerals' low overall score is primarily driven by acute financial constraints and zero top-line revenue. The most significant risk factors are the rapid depletion of shareholder equity and persistently negative free cash flow, pointing to immediate liquidity pressures and high dilution risk. Speculative valuation metrics and lackluster short-term technical indicators further suppress the stock's rating.

Positive Factors
Low leverageMinimal debt reduces near-term balance-sheet pressure and avoids substantial interest obligations while the company advances its exploration strategy. This gives management more flexibility than a highly leveraged peer to allocate available funds toward geological work and project evaluation.
Negative Factors
No consistent revenue baseThe absence of consistent revenue leaves Codrus without a dependable operating income stream to support exploration and corporate costs. This limits visibility on future earnings power and means financial progress remains dependent on discoveries, asset outcomes, or additional funding.

Codrus Minerals Ltd (CDR) vs. iShares MSCI Australia ETF (EWA)

-50%-25%0%25%50%75%100%125%150%AU:CDR+63.64%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 7.44M
Dividend Yield
―
Average Volume (3M)
1.42M
Price to Earnings (P/E)
-5.3
Beta (1Y)
2.16
Revenue Growth
―
EPS Growth
36.45%
Country
Australia
Employees
6
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Codrus Minerals Ltd Business Overview & Revenue Model

Company Description

Codrus Minerals Limited focuses on the exploration and discovery of mineral resources, primarily targeting gold and nickel deposits. The company holds outright ownership of its projects in Western Australia, which encompass Silver Swan South, Red Gat...

Codrus Minerals Ltd Financial Statement Overview

Summary

Codrus Minerals demonstrates a highly speculative financial profile characterized by zero revenue and severe cash burn. Although the company maintains a debt-free balance sheet, shareholder equity is almost entirely depleted, posing a substantial near-term dilution risk.

Income Statement

12Very Negative

Balance Sheet

18Very Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue-36.99K00300.00K00
Gross Profit-37.36K-733-2,702300.00K-14.44K-5,884
EBITDA-2.18M-1.59M-1.78M-3.10M-2.68M-4.09M
Net Income-2.05M-1.41M-1.81M-3.16M-2.70M-4.10M
Balance Sheet
Total Assets602.59K321.27K1.93M2.37M1.98M4.21M
Cash, Cash Equivalents and Short-Term Investments460.10K228.09K1.83M2.15M1.83M4.06M
Total Debt000120.93K00
Total Liabilities140.10K280.05K543.91K385.20K272.14K301.60K
Stockholders Equity462.49K41.23K1.39M1.98M1.71M3.91M
Cash Flow
Free Cash Flow-2.10M-1.80M-1.41M-1.83M-2.22M-3.40M
Operating Cash Flow-2.10M-1.80M-1.41M-1.83M-2.19M-3.36M
Investing Cash Flow0197.12K13.00K300.00K-117.77K-40.26K
Financing Cash Flow1.15M01.15M1.84M15.77K21.46K

Codrus Minerals Ltd Technical Analysis

Technical Analysis SentimentPositive
Last Price0.04

Price Trends

50DMA0.04Positive
100DMA0.03Positive
200DMA0.03Positive

Market Momentum

MACD-0.00Negative
RSI58.66Neutral
STOCH166.67Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CDR, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 166.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CDR.

Codrus Minerals Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:CDR 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:M2MAU:M2M44NeutralAUD 3.17M-1.08-12.31%―-100.00%-3800.00%
AU:NMEAU:NME44NeutralAUD 3.76M3.44-96.55%―――
AU:CDRAU:CDR41NeutralAUD 19.32M-5.29-561.82%――36.45%
AU:OZZAU:OZZ41NeutralAUD 5.49M-6.79146.21%――30.70%
AU:RASAU:RAS39UnderperformAUD 2.97M-2.63-279.97%―-100.14%55.47%
AU:RBXAU:RBX33UnderperformAUD 3.20M-3.71-62.56%――70.75%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%100%AU:CDRAU:RBXAU:RASAU:NMEAU:M2MAU:OZZDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:CDR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:CDRCodrus Minerals Ltd0.040.0163.64%
AU:RBXResource Base Limited0.02-0.03-58.18%
AU:RASRagusa Minerals Ltd0.01-0.02-61.54%
AU:NMENex Metals Explorations Ltd0.01-0.01-54.17%
AU:M2MMt Malcolm Mines NL0.01-0.01-50.00%
AU:OZZOzz Resources Ltd0.02-0.04-63.64%

Codrus Minerals Ltd Corporate Events

Codrus Minerals widens critical minerals footprint with EdgeMet acquisition

Oct 30, 2026

Codrus Minerals has expanded its asset base by acquiring EdgeMet Pty Ltd, adding the Tiquihua molybdenum-copper project in Peru, the Copperhole Creek copper-silver-tin project in Queensland and a licence over flash joule heating technology. The deal,...

Codrus Minerals Unveils High-Grade Assays at Peruvian Molybdenum-Copper Project

Oct 26, 2026

Codrus Minerals has reported highly encouraging initial assay results from rock chip sampling at its recently acquired Tiquihua Mo-Cu project in Peru, with multiple samples returning more than 5% molybdenum and strong copper grades up to above 10%. T...

Codrus Minerals Sets November 2026 AGM to Review Results and Board

Oct 20, 2026

Codrus Minerals Limited has called its Annual General Meeting for 19 November 2026 at its offices in West Perth, setting 17 November 2026 as the record date to determine shareholder voting eligibility. The meeting will consider the company’s an...

Codrus accelerates early exploration at Peru’s Tiquihua molybdenum-copper project

Oct 6, 2026

Codrus Minerals has provided its first exploration update on the Tiquihua molybdenum-copper project in Peru after completing the acquisition of a 100-hectare mining concession near the town of Tiquihua. Initial work has centred on understanding histo...

Codrus Minerals Completes EdgeMet Deal to Expand Copper and Molybdenum Portfolio

Oct 1, 2026

Codrus Minerals Limited has completed the acquisition of EdgeMet Pty Ltd, securing full ownership of the Copperhole Creek copper project in Queensland, the Tiquihua molybdenum project in Peru, and related early-stage flash joule heating technology fr...

Codrus Minerals Issues 230m Shares to Complete EdgeMet Acquisition

Oct 1, 2026

Codrus Minerals has issued 230 million fully paid ordinary shares to the former shareholders of EdgeMet Pty Ltd as part of the consideration for acquiring the private company, following shareholder approval. The company stated that the shares were is...

Codrus Minerals Seeks ASX Quotation for 230 Million New Shares

Sep 30, 2026

Codrus Minerals Ltd is an Australian-listed mineral resources company engaged in exploration and development activities, with ordinary fully paid shares traded on the ASX under the code CDR, and it utilises equity issuance to fund its operations and...

Codrus Minerals Raises $1.21m and Nears Completion of EdgeMet Acquisition

Sep 30, 2026

Codrus Minerals Ltd has completed the second tranche of its share placement, issuing 48,316,407 fully paid ordinary shares at $0.025 each to institutional, sophisticated and professional investors, raising approximately $1.21 million before costs. Th...

Codrus Minerals Seeks ASX Quotation for 48.3 Million New Shares

Sep 30, 2026

Codrus Minerals Ltd, an Australian mining and resources company listed on the ASX under ticker CDR, issues ordinary fully paid shares as its primary tradable securities for investors seeking exposure to mineral exploration and development. The compan...

Codrus Minerals Sets AGM Date and Director Nomination Deadline

Sep 25, 2026

Codrus Minerals Ltd has scheduled its Annual General Meeting for 19 November 2026, in line with ASX corporate governance requirements. A key item on the agenda will be the re-election of directors, reflecting routine board oversight and shareholder e...

Codrus Minerals Shareholders Back Capital Management Resolutions at General Meeting

Sep 24, 2026

Codrus Minerals Ltd, an ASX-listed minerals explorer trading under CDR, focuses on discovering and developing resource projects in Australia. Its funding strategy leans heavily on equity placements, reflecting the typical capital-intensive nature of...

Codrus Minerals Sets Out Corporate Framework in 2026 Annual Report

Sep 4, 2026

Codrus Minerals Limited has released its annual report for the year ended 30 June 2026, outlining its corporate directory and governance framework. The document details the company’s board composition, company secretary, registered office, and...

Codrus Minerals details ASX governance compliance in Appendix 4G filing

Sep 4, 2026

Codrus Minerals Limited lodged its Appendix 4G and associated corporate governance disclosures with the ASX for the year ended 30 June 2026, confirming that its corporate governance statement is available on its website and current as of 4 September...

Codrus Minerals Seeks Shareholder Approval for Major Share Issues at September Meeting

Aug 25, 2026

Codrus Minerals Limited has called a general meeting for 24 September 2026 in West Perth, Western Australia, setting 22 September 2026 as the record date for shareholder voting eligibility. The meeting will consider several share-related resolutions...

Codrus Minerals Raises $1.29m in First Tranche of Share Placement

Aug 12, 2026

Codrus Minerals Limited has completed the first tranche of a share placement, issuing 51,683,593 fully paid ordinary shares at $0.025 each to institutional, sophisticated and professional investors, raising about $1.29 million before costs. The share...

Codrus Minerals Flags Expiry of 1.1 Million Performance Rights

Aug 12, 2026

Codrus Minerals Ltd, listed on the ASX under ticker CDR, operates in the minerals exploration and mining industry. The company manages its capital structure using performance rights and other incentive-based securities tied to operational and corpora...

Codrus Minerals Shares Resume Trading After Acquisition and Capital Raising Update

Aug 3, 2026

Codrus Minerals has had the suspension of trading in its securities lifted on the ASX, allowing its shares to resume quotation immediately. The reinstatement follows the company’s release of an announcement detailing a proposed acquisition and...

Codrus Minerals Plans Major Share Issue to Fund Growth

Aug 3, 2026

Codrus Minerals has lodged a proposal with the ASX to issue up to 230 million ordinary fully paid shares in a new placement. The proposed securities are scheduled for issue on 2 October 2026, subject to ASX processes and approvals.The capital raising...

Codrus Minerals to Acquire Copper and Molybdenum Projects in Australia and Peru

Aug 3, 2026

Codrus Minerals has agreed to acquire EdgeMet Pty Ltd, giving it a 100% interest in the Copperhole Creek copper, silver and tin project in Queensland and the right to earn up to a 99.8% interest in the Tiquihua molybdenum and copper project in Peru,...

Codrus Minerals Seeks ASX Suspension Ahead of Acquisition and Capital Raising

Jul 31, 2026

Codrus Minerals Ltd, an ASX-listed minerals exploration company, participates in Australia’s regulated capital markets under the ticker CDR, with its securities subject to ASX supervision and listing rules. The company’s compliance with t...

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 15, 2026