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Connected IO
(Sydney:CML)
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Rating:44Neutral
Price Target:
AU$0.37
â–²(105.00% Upside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by very weak financial performance—zero revenue, widening losses, and continued cash burn alongside shrinking equity (despite low debt). Technical indicators add a mildly negative near-term bias (negative MACD, RSI below 50), while valuation provides limited support due to the negative P/E and no dividend yield data.
Positive Factors
Zero Reported Debt
The absence of reported debt reduces immediate solvency and refinancing pressure, giving the company more balance-sheet flexibility than a similarly loss-making business with substantial borrowings. This may help preserve options while management addresses operating weaknesses.
Negative Factors
No Current Revenue
Zero reported revenue indicates the company currently lacks demonstrated commercial scale and limits its ability to fund operations internally. Without a visible revenue base, future investment and the route to profitability depend heavily on restoring sales or securing additional funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Reported Debt
The absence of reported debt reduces immediate solvency and refinancing pressure, giving the company more balance-sheet flexibility than a similarly loss-making business with substantial borrowings. This may help preserve options while management addresses operating weaknesses.
Read all positive factors
Connected IO (CML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$57.02M
Dividend YieldN/A
Average Volume (3M)170.92K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue GrowthN/A
EPS Growth-65.53%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding142,555,940
10 Day Avg. Volume114,234
30 Day Avg. Volume170,923
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)7.79
Price to Sales (P/S)0.00
P/FCF Ratio-13.72
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
Connected IO Business Overview & Revenue Model
Company Description
Connected Minerals Limited is a company primarily engaged in mineral exploration and resource development, with operations spanning Namibia and Western Australia. The firm actively seeks out a variety of valuable commodities, including uranium, le...
How the Company Makes Money
null...
Connected IO Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2024 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 902.64K |
| Gross Profit | -10.11K | -7.48K | -8.70K | 0.00 | 0.00 | 157.44K |
| EBITDA | -2.04M | -2.15M | -2.27M | -453.60K | -501.28K | -971.00K |
| Net Income | -2.28M | -5.66M | -2.23M | -417.68K | -456.00K | -984.00K |
Balance Sheet | ||||||
| Total Assets | 6.23M | 2.59M | 7.37M | 1.26M | 1.72M | 2.38M |
| Cash, Cash Equivalents and Short-Term Investments | 3.02M | 2.54M | 924.83K | 1.24M | 1.71M | 2.30M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 96.46K | 222.64K |
| Total Liabilities | 84.33K | 158.66K | 110.87K | 88.85K | 136.03K | 338.22K |
| Stockholders Equity | 6.14M | 2.43M | 7.26M | 1.17M | 1.59M | 2.04M |
Cash Flow | ||||||
| Free Cash Flow | -902.04K | -1.38M | -1.77M | -467.31K | -373.02K | -3.27M |
| Operating Cash Flow | -1.77M | -1.38M | -1.74M | -467.31K | -373.02K | -3.26M |
| Investing Cash Flow | -2.00M | 3.00M | -2.96M | 0.00 | 0.00 | -3.34K |
| Financing Cash Flow | 25.68K | 0.00 | 4.39M | 0.00 | -222.64K | 2.41M |
Connected IO Technical Analysis
Positive
0.18
Price Trends
0.39
Negative
0.36
Positive
0.30
Positive
Market Momentum
>-0.01
Positive
48.74
Neutral
86.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CML, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.39, and below the 200-day MA of 0.30, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.74 is Neutral, neither overbought nor oversold. The STOCH value of 86.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CML.
Connected IO 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% | |
44 Neutral | AU$57.02M | -4.02 | -131.87% | ― | ― | -65.53% | |
43 Neutral | AU$3.21M | -0.50 | -10.09% | ― | ― | 31.93% | |
43 Neutral | AU$11.17M | -7.14 | -7.48% | ― | ― | 23.81% | |
41 Neutral | AU$11.49M | -1.73 | -74.97% | ― | -6.67% | -475.00% | |
41 Neutral | AU$7.86M | -1.42 | 139.87% | ― | ― | -115.71% | |
39 Underperform | AU$7.84M | -2.38 | -18.11% | ― | ― | 53.33% |
* Basic Materials Sector Average
AU:CML
Connected IO
0.39
0.20
105.26%
AU:1MC
Morella Corporation
0.03
<0.01
27.27%
AU:MGT
Magnetite Mines Limited
0.01
-0.05
-76.67%
AU:TON
Triton Minerals Limited
0.01
>-0.01
-9.09%
AU:GED
Golden Deeps Limited
0.05
-0.02
-34.78%
AU:RWD
Reward Minerals Limited
0.03
-0.01
-31.71%
Connected IO Corporate Events
Connected Minerals files updated ASX corporate governance statement for 2026
Sep 23, 2026
Connected Minerals Limited has lodged its annual corporate governance statement for the year ended 30 June 2026, confirming compliance with ASX Listing Rules by publishing its governance disclosures on its website. The company outlines adherence t...
Connected Minerals Releases 2026 Annual Report
Sep 23, 2026
Connected Minerals Limited has released its annual report for the year ended 30 June 2026, detailing its corporate information, governance framework and financial performance as a consolidated group. The document outlines the company’s profi...
Connected Minerals launches major drilling program at Angola niobium-REE project
Sep 13, 2026
Connected Minerals Limited has begun diamond drilling at the Bailundo Carbonatite Project in Angola, where it holds an 80% interest through Frontier Resources Angola. The initial work targets niobium in the central and southern zones, with an expa...
Connected Minerals Flags Loss of Two Substantial Shareholders After Capital Raising
Aug 31, 2026
Connected Minerals Ltd has disclosed that Geonomics Australia Pty Ltd and Mining Equities Pty Ltd have ceased to be substantial holders in the company following dilution arising from an acquisition and capital raising. The change reflects a shift ...
Connected Minerals Director Adam Sierakowski Resigns, Discloses Significant Share and Option Holdings
Aug 26, 2026
Connected Minerals Ltd has announced the cessation of director Adam Sierakowski from its board as of 26 August 2026, in a filing made under ASX listing rule 3.19A.3. The notice details his holdings of 12,500 fully paid ordinary shares in his own n...
Connected Minerals Director Resigns as Bailundo Project Enters Next Phase
Aug 25, 2026
Connected Minerals Limited has announced the resignation of Non-Executive Director Adam Sierakowski, effective 26 August 2026, as he moves to focus on other commitments. Sierakowski, a corporate lawyer and advisor who joined the board as chair in ...
Connected Minerals Issues 2 Million New Shares on Option Conversion
Aug 13, 2026
Connected Minerals has issued 2,000,000 new fully paid ordinary shares following the conversion of vested performance options, expanding its share base without providing a public disclosure document under the relevant fundraising provisions of the...
Connected Minerals Director Boosts Shareholding via Option Exercise
Aug 13, 2026
Connected Minerals Ltd has disclosed a change in director Warrick Clent’s indirect holdings, lodged under ASX listing rule 3.19A.2. Clent, as trustee and beneficiary of the McClents Family Trust, exercised 2,000,000 Tranche 1 performance opt...
Connected Minerals Highlights Risks Around Niobium and Rare Earths Exploration
Aug 10, 2026
Connected Minerals Limited, trading on the ASX as CML, is a mineral exploration company focused on niobium and rare earths within a major underexplored carbonatite complex. Its strategy targets critical minerals that support emerging technologies ...
Connected Minerals Closes Bailundo Carbonatite Acquisition in Angola
Aug 7, 2026
Connected Minerals Limited has completed the acquisition of Frontier Group CRM Pty Ltd, securing an indirect 80% interest in Angola’s Bailundo Carbonatite Project, a significant niobium and rare earth element prospect. With all conditions pr...
Connected Minerals Director Increases Stake Through Placement and Frontier Group Acquisition
Aug 7, 2026
Connected Minerals Ltd has disclosed a significant change in director Quentin Flannery’s indirect interests following a recent equity placement and acquisition. Flannery, through entities where he is a director and shareholder, now holds sub...
Connected Minerals issues 55m new shares and lodges cleansing notice
Aug 7, 2026
Connected Minerals Limited has detailed a recent capital move following shareholder approval, issuing 54,999,998 new fully paid ordinary shares comprising consideration and advisor shares. The issuance was conducted without a prospectus under the ...
Connected Minerals Options Lapse Tightens Future Share Pool
Aug 7, 2026
Connected Minerals Limited has notified the market of the cessation of a tranche of its conditional options, providing an update on changes to its issued capital. The company reported that 7,500,000 options, previously set to expire in November 20...
Connected Minerals Issues Large Tranche of Unquoted Performance Shares
Aug 7, 2026
Connected Minerals Limited has notified the market of the issue of new unquoted equity securities, comprising 18,181,818 Class A Performance Shares and 18,181,818 Class B Performance Shares. The securities, which are not intended to be quoted on t...
Connected Minerals Seeks ASX Quotation for 2.7 Million New Shares
Aug 7, 2026
Connected Minerals Limited has applied to the ASX for quotation of 2,727,272 new ordinary fully paid shares under its ticker CML. The new securities, issued on 7 August 2026 and linked to a previously announced transaction, will increase the compa...
Connected Minerals Seeks ASX Quotation for Over 52 Million New Shares
Aug 7, 2026
Connected Minerals Limited has lodged an application with the ASX for quotation of new ordinary fully paid shares under the code CML. The filing indicates the company is seeking to have these securities admitted to trading in line with ASX Listing...
Connected Minerals Issues 27.3 Million New Shares Under Cleansing Notice
Aug 7, 2026
Connected Minerals has issued 27,272,728 new fully paid ordinary shares following shareholder approval at a recent general meeting, expanding its capital base without providing a prospectus under Australian disclosure relief provisions. The compan...
Connected Minerals Issues New Shares and Confirms Compliance
Aug 6, 2026
Connected Minerals Limited has issued 27,272,728 new fully paid ordinary shares following shareholder approval at a general meeting held on 28 July 2026. The issuance was completed on 5 August 2026 and conducted without a prospectus under the disc...
Connected Minerals Mobilises 6,000m Drill Program at Angolan Carbonatite Project
Aug 6, 2026
Connected Minerals is moving to systematically evaluate the Bailundo Carbonatite Project in Angola, one of the largest known carbonatite systems prospective for niobium and rare earth elements. The project is focused on shallow, regolith-hosted mi...
Connected Minerals Secures A$4.5m Placement to Advance Angola Niobium-Rare Earths Acquisition
Aug 5, 2026
Connected Minerals Ltd has completed the allotment of 27,272,728 fully paid ordinary shares at $0.165 per share, raising A$4.5 million before costs through a placement approved by shareholders in late July. The funds satisfy a key capital raising ...
Connected Minerals Seeks ASX Quotation for 27.3 Million New Shares
Aug 5, 2026
Connected Minerals Limited has applied for the quotation of 27,272,728 ordinary fully paid shares on the ASX, with an issue date of 5 August 2026. The new securities, lodged under an Appendix 2A application, expand the company’s quoted share...
Connected Minerals Shifts Perth Headquarters as Critical Minerals Portfolio Expands
Jul 31, 2026
Connected Minerals Limited, an ASX-listed critical minerals explorer, concentrates on niobium, rare earths and uranium projects across Angola, Namibia and Western Australia. Its planned acquisition of Frontier Group CRM Pty Ltd will give it an ind...
Connected Minerals shareholders back capital resolutions at general meeting
Jul 28, 2026
Connected Minerals Limited, an Australian critical minerals explorer, is focused on niobium, rare earths and uranium projects across Africa and Australia. The company is poised to grow its resource base via the acquisition of Frontier Group CRM Pt...
Connected Minerals bolsters governance with new Company Secretary appointment
Jul 9, 2026
Connected Minerals Limited has appointed experienced governance professional Peter Torre as Company Secretary, effective 9 July 2026, replacing outgoing secretary Simon Whybrow. Torre, a chartered accountant and chartered secretary with more than ...
Connected Minerals Plans New Share Placement on ASX
Jul 8, 2026
Connected Minerals Limited has notified the ASX of a proposed placement involving up to 2,727,272 ordinary fully paid shares, to be issued under ASX Listing Rule Appendix 3B procedures. The new securities are expected to be issued on 11 August 202...
Connected Minerals Updates Appendix 3B on Major Share Issue Plan
Jul 8, 2026
Connected Minerals Limited has updated its previous Appendix 3B announcement to detail a proposed securities issue tied to resolutions scheduled for a shareholder meeting lodged on 25 June 2026. The update clarifies that, subject to the passing of...
Connected Minerals Seeks Shareholder Approval for Share Placement
Jul 8, 2026
Connected Minerals Limited has updated its previously lodged Appendix 3B to outline a proposed placement of new shares to investors. The company is seeking shareholder approval under ASX Listing Rule 7.1 to issue 27,272,728 shares at an issue pric...
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.