Coda Minerals Ltd (AU:COD)
ASX:COD
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Coda Minerals Ltd
(Sydney:COD)
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Rating:44Neutral
Price Target:
AU$0.11
▼(-30.00% Downside)
Action:Reiterated
Date:06/11/26
The score is weighed down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), partially offset by a low-debt balance sheet. Technicals add further pressure with the stock trading below key moving averages and subdued momentum, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low leverage / conservative balance sheet
Extremely low debt materially reduces insolvency and interest-rate risk for a pre-revenue explorer. This structural conservatism gives management optionality to pursue exploration or JV opportunities without large fixed finance costs, improving long-term survivability.
Negative Factors
Pre-revenue business model
No revenue means the business depends on successful exploration outcomes and external funding to progress. Over months, absence of operating cash inflows keeps economic viability contingent on capital markets and successful asset monetisation, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Extremely low debt materially reduces insolvency and interest-rate risk for a pre-revenue explorer. This structural conservatism gives management optionality to pursue exploration or JV opportunities without large fixed finance costs, improving long-term survivability.
Read all positive factors
Coda Minerals Ltd (COD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$51.29M
Dividend YieldN/A
Average Volume (3M)687.98K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS Growth-43.78%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding410,349,180
10 Day Avg. Volume427,130
30 Day Avg. Volume687,979
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.86
Price to Sales (P/S)0.00
P/FCF Ratio-4.90
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)-0.03
Revenue Forecast (FY)N/A
Coda Minerals Ltd Business Overview & Revenue Model
Company Description
Coda Minerals Limited functions as a mineral exploration company, dedicated to the search, identification, and advancement of deposits across the base metal, precious metal, and battery mineral sectors. The firm possesses full ownership of two sig...
How the Company Makes Money
null...
Coda Minerals Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -161.23K | -160.78K | -162.87K | -162.46K | -147.53K | -122.13K |
| EBITDA | -7.41M | -4.15M | -4.59M | -7.64M | -14.85M | -6.39M |
| Net Income | -7.45M | -4.29M | -4.57M | -7.76M | -14.21M | -6.52M |
Balance Sheet | ||||||
| Total Assets | 30.43M | 22.93M | 22.24M | 23.55M | 27.60M | 24.20M |
| Cash, Cash Equivalents and Short-Term Investments | 11.25M | 3.96M | 3.43M | 4.72M | 8.18M | 21.79M |
| Total Debt | 163.37K | 213.87K | 123.98K | 7.67K | 98.40K | 190.05K |
| Total Liabilities | 1.60M | 815.41K | 646.20K | 858.91K | 1.72M | 1.22M |
| Stockholders Equity | 28.83M | 22.12M | 21.60M | 22.70M | 25.88M | 22.98M |
Cash Flow | ||||||
| Free Cash Flow | -5.92M | -3.90M | -4.05M | -7.52M | -14.42M | -5.79M |
| Operating Cash Flow | -5.88M | -3.88M | -4.05M | -7.51M | -14.33M | -5.54M |
| Investing Cash Flow | -36.20K | -10.71K | -1.82K | 281.69K | 828.95K | -239.39K |
| Financing Cash Flow | 11.17M | 4.43M | 2.76M | 3.76M | -90.83K | 23.38M |
Coda Minerals Ltd Technical Analysis
Negative
0.16
Price Trends
0.14
Negative
0.15
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
36.24
Neutral
24.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:COD, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.24 is Neutral, neither overbought nor oversold. The STOCH value of 24.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:COD.
Coda Minerals Ltd 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% | |
59 Neutral | AU$56.31M | 5.33 | 20.22% | ― | ― | ― | |
46 Neutral | AU$46.94M | -13.46 | -6.35% | ― | ― | -1100.00% | |
44 Neutral | AU$51.29M | -4.08 | -29.24% | ― | ― | -43.78% | |
43 Neutral | AU$59.09M | -13.37 | -10.28% | ― | ― | -2.08% | |
42 Neutral | AU$23.32M | -1.54 | -31.61% | ― | ― | 60.00% | |
| ― | AU$41.68M | -1,261.98 | -0.21% | ― | ― | -77.34% |
* Basic Materials Sector Average
AU:COD
Coda Minerals Ltd
0.12
0.04
50.00%
AU:LEG
Legend Mining Limited
0.01
0.00
0.00%
AU:VMC
Venus Metals Corporation Limited
0.30
0.18
156.52%
AU:GBE
Globe Metals & Mining Limited
0.06
0.03
103.23%
AU:WCE
Errawarra Resources Ltd.
0.13
0.05
58.75%
AU:LMG
Latrobe Magnesium Limited
0.02
<0.01
60.00%
Coda Minerals Ltd Corporate Events
Coda Minerals Raises $4.7m in First Tranche of Share Placement
Jun 5, 2026
Coda Minerals has raised $4.7 million through the issue of 36,153,847 new fully paid ordinary shares at $0.13 each to institutional and sophisticated investors, as the first tranche of a previously announced placement. The company confirmed the sh...
Coda Minerals Plans Major Share and Option Issue to Bolster Capital Base
May 31, 2026
Coda Minerals has lodged an Appendix 3B notice with the ASX outlining a proposed issue of up to 51,538,465 new ordinary shares and 20,584,616 options, including 7,700,000 unquoted options exercisable at $0.26 each for three years from issue. The p...
Coda Minerals Requests Trading Halt Ahead of Capital Raising Announcement
May 27, 2026
Coda Minerals Ltd has requested a trading halt on its securities on the ASX, effective from the market open on 28 May 2026, as it prepares to announce a capital raising. The halt will remain in place until either the announcement is released or no...
Coda Minerals Targets Sophisticated Investors With RIU Sydney Presentation
May 7, 2026
Coda Minerals has released an investor presentation for the RIU Sydney conference in May 2026, outlining general information about the company and its activities. The document is explicitly framed as informational only, not a prospectus or offer o...
Coda Minerals Advances Elizabeth Creek PFS With Drilling Completion and Strong Economics
Apr 29, 2026
Coda Minerals reported strong progress on its Elizabeth Creek copper-silver project during the March 2026 quarter, completing a major Pre-Feasibility Study drilling program of 19 holes for 6,352m across open pit and underground areas. All core has...
Coda Minerals Director Increases Indirect Holding of ASX-Listed Options
Mar 25, 2026
Coda Minerals has disclosed a change in the indirect security holdings of director Christopher Stevens, via his self-managed superannuation fund account controlled through Loutre Investments Pty Ltd. The filing details the purchase of 255,000 list...
Coda Minerals Issues 9 Million Unquoted Performance Rights Under Incentive Scheme
Mar 25, 2026
Coda Minerals Ltd has notified the market of the issue of unquoted equity securities under its employee incentive scheme. The new securities comprise 8,000,000 performance rights expiring in March 2031 and 1,000,000 performance rights expiring in ...
Coda Minerals Updates Director Christopher Stevens’ Indirect Shareholdings
Mar 24, 2026
Coda Minerals has reported a change in the indirect interests of director Christopher Stevens, reflecting adjustments in securities held through his spouse, Dr Catriona Fleur Stevens. The update shows the conversion of performance rights into 348,...
Coda Minerals Seeks ASX Quotation for 619,242 New Shares
Mar 24, 2026
Coda Minerals Ltd has applied to the ASX for quotation of 619,242 new ordinary fully paid shares, which were issued on 20 March 2026. The additional securities follow the exercise or conversion of existing options or other convertible instruments,...
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.