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Oceana Lithium Ltd.
(Sydney:OCN)
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Rating:51Neutral
Price Target:
AU$0.39
▲(141.88% Upside)
Action:Reiterated
Date:10/03/26
The score is primarily constrained by weak financial performance (no revenue, accelerating losses in 2026, and persistent cash burn), partially offset by a no-debt balance sheet and growing equity. Technical indicators are broadly neutral with a weaker longer-term trend, while valuation metrics are limited due to negative earnings and no dividend data.
Positive Factors
Debt-free balance sheet
The absence of debt reduces interest obligations and refinancing exposure, giving Oceana greater flexibility while it remains pre-commercial. This does not eliminate funding needs, but it lowers solvency pressure and means future capital can be directed toward operations and project advancement rather than debt service.
Negative Factors
No reported revenue
The absence of revenue across five annual periods confirms that Oceana remains pre-commercial and has not yet demonstrated customer demand or operating traction. Until projects begin generating sales, the company cannot validate its business model through recurring cash inflows or establish a dependable earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt reduces interest obligations and refinancing exposure, giving Oceana greater flexibility while it remains pre-commercial. This does not eliminate funding needs, but it lowers solvency pressure and means future capital can be directed toward operations and project advancement rather than debt service.
Read all positive factors
Oceana Lithium Ltd. (OCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$90.63M
Dividend YieldN/A
Average Volume (3M)251.52K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue GrowthN/A
EPS Growth-1766.67%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding235,397,500
10 Day Avg. Volume271,391
30 Day Avg. Volume251,516
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)6.00
Price to Sales (P/S)0.00
P/FCF Ratio-32.67
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
Oceana Lithium Ltd. Business Overview & Revenue Model
Company Description
Oceana Lithium Limited is a company primarily focused on exploring for lithium pegmatite deposits. It holds full ownership of two key ventures: the Solonopole lithium project in Brazil, which comprises eight prospecting permits spanning roughly 11...
How the Company Makes Money
null...
Oceana Lithium Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -16.24K | -4.89K | -1.58M | -117.12K | 0.00 |
| EBITDA | -11.52M | -447.51K | -2.66M | -1.32M | -163.82K |
| Net Income | -11.52M | -498.22K | -2.86M | -1.41M | -1.87M |
Balance Sheet | |||||
| Total Assets | 15.49M | 9.76M | 7.75M | 6.51M | 7.55M |
| Cash, Cash Equivalents and Short-Term Investments | 8.16M | 3.08M | 2.15M | 2.71M | 6.02M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 612.50K | 415.17K | 289.45K | 350.56K | 642.29K |
| Stockholders Equity | 14.88M | 9.34M | 7.46M | 6.15M | 6.91M |
Cash Flow | |||||
| Free Cash Flow | -2.73M | -855.21K | -4.35M | -2.99M | -502.67K |
| Operating Cash Flow | -2.67M | -416.26K | -2.13M | -1.05M | -502.67K |
| Investing Cash Flow | -295.27K | -438.95K | -2.22M | -1.94M | -96.70K |
| Financing Cash Flow | 8.04M | 1.77M | 3.86M | -322.75K | 6.62M |
Oceana Lithium Ltd. Technical Analysis
Neutral
0.16
Price Trends
0.38
Negative
0.44
Negative
0.42
Negative
Market Momentum
>-0.01
Negative
49.32
Neutral
61.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OCN, the sentiment is Neutral. The current price of 0.16 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.38, and below the 200-day MA of 0.42, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:OCN.
Oceana Lithium 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% | |
51 Neutral | AU$90.63M | -5.74 | -94.93% | ― | ― | -1766.67% | |
49 Neutral | AU$37.69M | -7.82 | -19.15% | ― | ― | -11.36% | |
46 Neutral | AU$16.00M | -3.50 | -42.15% | ― | -11.28% | 41.18% | |
45 Neutral | AU$25.40M | -3.19 | -43.52% | 26.19% | ― | 76.51% | |
42 Neutral | AU$34.16M | -3.56 | -12.51% | ― | ― | -59.40% | |
38 Underperform | AU$34.68M | -10.00 | -4.04% | ― | ― | ― |
* Basic Materials Sector Average
AU:OCN
Oceana Lithium Ltd.
0.39
0.26
208.00%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-28.57%
AU:NMT
Neometals Ltd
0.03
-0.03
-48.21%
AU:LEL
Lithium Energy Ltd.
0.31
-0.07
-17.57%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:PL3
Patagonia Lithium Limited
0.12
0.06
109.09%
Oceana Lithium Ltd. Corporate Events
Oceana Metals lodges ASX governance disclosures for 2026
Sep 29, 2026
Oceana Metals Limited has lodged its Appendix 4G with the ASX for the financial year ended 30 June 2026, detailing how its corporate governance disclosures align with the ASX Corporate Governance Council’s recommendations. The company has ch...
Oceana Metals Sets AGM Date and Director Nomination Deadline
Sep 18, 2026
Oceana Metals Limited has scheduled its Annual General Meeting for 20 November 2026, with the agenda to include the re-election of directors in line with its constitution. The company has set 1 October 2026, at 5:00 p.m. Perth time, as the deadlin...
Oceana Metals Doubles Rare Earth Footprint at Brazil’s Serra Negra Project
Sep 16, 2026
Oceana Metals has significantly expanded the known footprint of rare earth mineralisation at its Serra Negra Project in Brazil, after assaying widely spaced historical drill core that was not originally targeted for rare earths. The re-sampling re...
Oceana Metals to Update Investors at Gold Coast Conference
Sep 9, 2026
Oceana Metals Ltd. is an Australian resources company listed on the ASX and focused on metals exploration and development. The company engages investors through conferences and public presentations to highlight its project portfolio and strategic ...
Oceana Metals Launches Major Drilling Push at Serra Negra Rare Earths Project
Sep 8, 2026
Oceana Metals Limited has launched a maiden 20,000-metre diamond drilling campaign at its Serra Negra rare earths project in Brazil, marking the first program specifically aimed at defining REE mineralisation at the carbonatite complex. The compan...
Oceana Metals Highlights Transformative Serra Negra Rare Earths Acquisition
Aug 2, 2026
Oceana Metals has released an investor presentation outlining its transformative acquisition of the Serra Negra rare earth elements project in Brazil, highlighting exploration results that suggest global-scale and top-tier potential. The company r...
Oceana Metals Accelerates Brazilian Rare Earths Pivot With Serra Negra Acquisition and $20m Raise
Jul 30, 2026
Oceana Metals has moved decisively into Brazilian rare earths, signing a binding agreement to acquire 100 percent of the Serra Negra Rare Earths Project in Minas Gerais. The company has set up a local subsidiary, Oceana Minerals Brazil Ltda, and s...
Oceana Metals Issues 18.6 Million Unquoted Performance Rights Under Incentive Plan
Jul 15, 2026
Oceana Metals Limited has notified the market of the issue of 18,550,000 unquoted performance rights under its employee incentive scheme, effective July 15, 2026. The move underscores the company’s ongoing reliance on equity-based remunerati...
Oceana Metals Issues 6 Million Unquoted Options to Support Growth
Jul 15, 2026
Oceana Metals Limited, traded on the ASX as OCN, is a junior mining and exploration company operating in the metals sector. It focuses on identifying and advancing resource projects, using capital markets and structured securities to support its e...
Oceana Metals Moves to Transform Growth with Brazilian Rare Earths Acquisition
Jul 14, 2026
Oceana Metals has unveiled a transformative acquisition of the Serra Negra rare earths project in Brazil, describing it as a carbonatite-hosted deposit located in a tier-one mining district. The company highlights previously announced high-grade r...
Oceana Metals Shareholders Back Capital Raisings and Incentive Plan
Jul 14, 2026
Oceana Metals Limited has reported that all resolutions at its 14 July 2026 general meeting were passed by poll, including ratifications of prior share and performance rights issues, approvals for new placement tranches, and issuances to related p...
Oceana Metals Confirms High-Grade Rare Earths at Brazil’s Serra Negra
Jul 8, 2026
Oceana Metals has reported strong initial assay results from historical drill core at its Serra Negra rare earth project in Brazil, confirming thick zones of high-grade mineralisation with total rare earth oxides above 4 percent. The intercepts, w...
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.