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Caspin Resources Ltd.
(Sydney:CPN)
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Rating:50Neutral
Price Target:
AU$0.13
▲(4.17% Upside)
Action:Reiterated
Date:07/30/26
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow implying funding risk). Technicals provide a partial offset with the share price above key moving averages, while valuation remains constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Reduced cash burn
Material reduction in cash burn across FY2024–FY2025 demonstrates the company has tightened cost controls and slowed runway erosion. This improvement extends operational runway and reduces near-term financing pressure, supporting exploration continuity over the next several months.
Negative Factors
Pre-revenue operating model
With no revenue and recurring negative gross profit, the company remains dependent on discovery and project advancement rather than cash-generative operations. This structural lack of operating revenue means long-term viability hinges on exploration success or continual external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced cash burn
Material reduction in cash burn across FY2024–FY2025 demonstrates the company has tightened cost controls and slowed runway erosion. This improvement extends operational runway and reduces near-term financing pressure, supporting exploration continuity over the next several months.
Read all positive factors
Caspin Resources Ltd. (CPN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$35.67M
Dividend YieldN/A
Average Volume (3M)981.46K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue GrowthN/A
EPS Growth-15.47%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding297,249,820
10 Day Avg. Volume666,472
30 Day Avg. Volume981,455
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)2.31
Price to Sales (P/S)0.00
P/FCF Ratio-2.88
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
Caspin Resources Ltd. Business Overview & Revenue Model
Company Description
Caspin Resources Limited is an Australian company engaged in the exploration and development of mineral deposits. Its primary focus is on uncovering and advancing resources such as gold, nickel, copper, and cobalt. The firm's portfolio includes tw...
How the Company Makes Money
null...
Caspin Resources Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
24
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 | -44.02K | -86.22K | -87.13K | -86.78K | -55.31K | 0.00 |
| EBITDA | -2.17M | -2.51M | -2.43M | -11.10M | -6.37M | -2.14M |
| Net Income | -4.77M | -2.59M | -2.52M | -11.19M | -6.43M | -6.17M |
Balance Sheet | ||||||
| Total Assets | 6.73M | 3.53M | 1.64M | 4.62M | 9.40M | 9.89M |
| Cash, Cash Equivalents and Short-Term Investments | 4.79M | 1.89M | 1.42M | 4.13M | 8.94M | 5.75M |
| Total Debt | 119.89K | 36.84K | 46.86K | 125.69K | 201.94K | 0.00 |
| Total Liabilities | 1.01M | 756.89K | 190.21K | 1.26M | 605.35K | 173.47K |
| Stockholders Equity | 5.72M | 2.77M | 1.45M | 3.36M | 8.79M | 9.59M |
Cash Flow | ||||||
| Free Cash Flow | -3.86M | -2.22M | -2.91M | -10.26M | -5.90M | -3.43M |
| Operating Cash Flow | -3.86M | -2.22M | -2.91M | -10.25M | -5.86M | -2.12M |
| Investing Cash Flow | -108.69K | -374.16K | 0.00 | -4.68K | -72.86K | -1.41M |
| Financing Cash Flow | 4.79M | 3.06M | 200.49K | 5.44M | 9.13M | 7.97M |
Caspin Resources Ltd. Technical Analysis
Positive
0.12
Price Trends
0.12
Positive
0.11
Positive
0.12
Positive
Market Momentum
<0.01
Positive
49.20
Neutral
0.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CPN, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.20 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CPN.
Caspin Resources 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% | |
50 Neutral | AU$35.67M | -3.87 | -112.37% | ― | ― | -15.47% | |
46 Neutral | AU$21.72M | -0.62 | -104.93% | ― | ― | -100.00% | |
45 Neutral | AU$24.27M | -11.51 | -16.02% | ― | ― | 84.62% | |
45 Neutral | AU$21.74M | -42.31 | -1.37% | ― | ― | -118.75% | |
44 Neutral | AU$18.61M | -2.17 | -9.34% | ― | ― | 88.14% | |
43 Neutral | AU$32.52M | -10.91 | -19.40% | ― | ― | 6.36% |
* Basic Materials Sector Average
AU:CPN
Caspin Resources Ltd.
0.12
0.05
84.62%
AU:CLA
Celsius Resources
0.01
<0.01
10.00%
AU:JAV
Javelin Minerals Limited
0.08
0.01
16.67%
AU:GRE
Greentech Metals Ltd.
0.06
>-0.01
-9.52%
AU:GAL
Galileo Mining Ltd.
0.11
-0.05
-29.03%
AU:TG6
TG Metals Ltd.
0.22
0.02
10.00%
Caspin Resources Ltd. Corporate Events
Caspin Unveils High-Grade Errol’s Zone Discovery at Bygoo Tin Project
Jul 31, 2026
Caspin Resources Ltd., an ASX-listed mineral explorer, is focused on the Bygoo Tin Project in New South Wales with a core high-grade open pit resource at the Kelpie deposit. The company aims to grow its tin resource base using targeted geophysical...
Caspin Strikes More High-Grade Tin at Kelpie, Flagging Resource Growth
Jul 29, 2026
Caspin Resources Ltd. is an ASX-listed mineral exploration company focused on tin at its Bygoo Tin Project in New South Wales, where the Kelpie Deposit currently hosts 3.94 million tonnes at 0.50% tin for 19,300 tonnes of contained metal. The comp...
Caspin Resources Options Lapse, Clarifying Capital Structure
Jul 23, 2026
Caspin Resources Ltd has reported the expiry of 811,287 options with an exercise price of $0.60, which ceased on July 12, 2026 without being exercised. The lapse of these options slightly reduces the company’s potential future share dilution...
Caspin Reaffirms JORC-Compliant Resource Estimates and Exploration Data
Jul 21, 2026
Caspin Resources has reiterated that its mineral resource estimates and exploration results are based on previously released ASX announcements, confirming that no new information materially changes those technical parameters. The company emphasise...
Caspin Resources Outlines JORC-Compliant Exploration Data and Risk Disclosures
Jul 13, 2026
Caspin Resources has released a detailed presentation for a Melbourne Mining Club Cutting Edge event outlining its exploration results, mineral resource estimates and metallurgical work. The company highlights that all technical information has be...
Caspin Strikes Highest-Grade Tin Yet at Bygoo’s Kelpie Deposit
Jul 7, 2026
Caspin Resources has reported its highest-grade drill intersection to date at the Kelpie Deposit within the Bygoo Tin Project in New South Wales, with hole BRC055 returning 20 metres at 2.11% tin from 107 metres depth. The result, along with earli...
Caspin Resources Reinforces JORC Compliance and Technical Oversight in Latest Company Update
Jun 16, 2026
Caspin Resources has issued a company update outlining the technical governance behind its exploration and resource reporting, emphasizing compliance with the 2012 JORC Code. The release confirms that competent persons overseeing mineral resource ...
Caspin Defines High-Priority Moss Drill Target Near Kelpie Tin Deposit
Jun 8, 2026
Caspin Resources has identified a high-priority drill target at the Moss Prospect, located about 1,000 metres north of its high-grade Kelpie tin deposit within the Bygoo Project. Recent geophysical and geochemical work shows Moss shares key struct...
Caspin Resources Issues 265,000 Unquoted Performance Rights Under Employee Scheme
Jun 8, 2026
Caspin Resources has issued 265,000 unquoted performance rights under its employee incentive scheme, as notified in an Appendix 3G filing with the ASX. The grant of these performance rights, which are not intended to be quoted, underscores the com...
Caspin Resources Wins Strong Shareholder Backing for Placement Share Ratifications
May 13, 2026
Caspin Resources Ltd. reported that all resolutions put to shareholders at its 13 May 2026 general meeting were passed by poll, in line with ASX listing requirements and Australian corporate law. The key resolutions, including the ratification of ...
Caspin Extends High-Grade Tin Mineralisation at Kelpie By Over 75 Metres
May 5, 2026
Caspin Resources reported new reverse circulation drilling results from the Kelpie resource extension program at its Bygoo Tin Project in New South Wales, highlighting substantial down-plunge extensions of tin mineralisation along the Stewart Faul...
Caspin Resources Reaffirms Integrity of Exploration and Resource Reporting
May 5, 2026
Caspin Resources has released a company update that largely consists of confirmations around the technical integrity of its exploration and resource reporting. The announcement outlines that qualified independent experts and internal specialists h...
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.