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West Cobar Metals Ltd.
(Sydney:WC1)
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Rating:42Neutral
Price Target:
AU$0.01
â–¼(-40.00% Downside)
Action:Reiterated
Date:10/14/26
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and bearish technical signals (below major moving averages with negative MACD). A debt-free balance sheet provides some risk mitigation, but negative earnings and the lack of meaningful valuation support (negative P/E, no dividend) keep the overall score low.
Positive Factors
Debt-free balance sheet
An essentially debt-free balance sheet reduces financial risk and avoids interest obligations while the company advances exploration. This gives management greater flexibility to preserve capital, respond to project opportunities, and withstand periods of weak operating performance without immediate lender pressure.
Negative Factors
Persistent unprofitable operations
The company has not yet established a profitable operating model: revenue is minimal or absent and losses remain persistent. Without recurring revenue or improving earnings, exploration progress depends on future project success and continued access to capital rather than internally generated profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
An essentially debt-free balance sheet reduces financial risk and avoids interest obligations while the company advances exploration. This gives management greater flexibility to preserve capital, respond to project opportunities, and withstand periods of weak operating performance without immediate lender pressure.
Read all positive factors
West Cobar Metals Ltd. (WC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.41M
Dividend YieldN/A
Average Volume (3M)355.26K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue GrowthN/A
EPS Growth21.51%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding415,922,850
10 Day Avg. Volume297,878
30 Day Avg. Volume355,261
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.51
Price to Sales (P/S)0.00
P/FCF Ratio-2.32
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
West Cobar Metals Ltd. Business Overview & Revenue Model
Company Description
West Cobar Metals Limited is an Australian enterprise primarily engaged in the exploration for mineral resources. The company's endeavors focus on discovering deposits of copper, lead, gold, silver, and various base metals. Its extensive portfolio...
West Cobar Metals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 51.47K | 43.71K | 0.00 |
| Gross Profit | -17.88K | -19.00K | 51.47K | 43.71K | -30.09K |
| EBITDA | -2.61M | -1.50M | -3.12M | -1.26M | -1.22M |
| Net Income | -2.29M | -1.52M | -3.15M | -1.30M | -1.23M |
Balance Sheet | |||||
| Total Assets | 9.95M | 8.64M | 12.02M | 13.58M | 4.54M |
| Cash, Cash Equivalents and Short-Term Investments | 1.46M | 309.27K | 255.92K | 2.33M | 3.17M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 195.90K | 369.59K | 891.29K | 888.52K | 193.03K |
| Stockholders Equity | 9.75M | 8.27M | 11.13M | 12.69M | 4.35M |
Cash Flow | |||||
| Free Cash Flow | -2.16M | -1.70M | -3.70M | -2.96M | -2.07M |
| Operating Cash Flow | -2.16M | -1.70M | -622.31K | -864.07K | -738.82K |
| Investing Cash Flow | -20.00K | 57.06K | -2.34M | -2.10M | -1.40M |
| Financing Cash Flow | 3.38M | 1.72M | 978.67K | 2.12M | 4.95M |
West Cobar Metals Ltd. Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
33.80
Neutral
-66.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WC1, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.80 is Neutral, neither overbought nor oversold. The STOCH value of -66.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WC1.
West Cobar Metals 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% | |
55 Neutral | AU$11.19M | -14.47 | -13.41% | ― | ― | 76.01% | |
44 Neutral | AU$6.18M | -0.75 | -114.26% | ― | ― | 42.86% | |
42 Neutral | AU$5.41M | -1.85 | -23.50% | ― | ― | 21.51% | |
42 Neutral | AU$5.54M | -0.55 | -171.60% | ― | ― | 22.92% | |
41 Neutral | AU$6.96M | -5.73 | -24.34% | ― | ― | 65.91% |
* Basic Materials Sector Average
AU:WC1
West Cobar Metals Ltd.
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-48.48%
West Cobar Metals Ltd. Corporate Events
West Cobar ramps up scandium drilling plans and refines critical minerals portfolio
Oct 29, 2026
West Cobar Metals spent the September quarter advancing plans for its first dedicated scandium drilling campaign at the Salazar Project in Western Australia, targeting higher-grade zones and possible extensions at the Newmont deposit and the Benri...
West Cobar launches first dedicated scandium drilling at Salazar
Oct 22, 2026
West Cobar Metals Limited has begun a 3,000-metre aircore drilling program at its 100%-owned Salazar Project in Western Australia, marking its first dedicated scandium-focused campaign. The drilling targets higher-grade scandium zones within shall...
West Cobar flags promising scandium leach results at Salazar project
Oct 19, 2026
West Cobar Metals has reported promising early results from acid leach testwork at ANSTO on scandium mineralisation from its Salazar Project in Western Australia. Sulfuric acid has proven effective for scandium extraction, with tests indicating th...
West Cobar to start first dedicated scandium drilling at Salazar
Oct 12, 2026
West Cobar Metals is set to launch its first dedicated scandium drilling campaign at the Salazar Critical Minerals Project in Western Australia in the third week of October 2026. The air core program, using contractor Wallis Drilling and cleared u...
West Cobar Metals Sets November Date for 2026 AGM and Remuneration Vote
Oct 9, 2026
West Cobar Metals Limited has called its annual general meeting for 11:00am AWST on 20 November 2026 at Prospera Partners’ offices in Subiaco, Western Australia. Shareholders who are unable to attend in person are encouraged to vote by direc...
West Cobar Metals Sets November Date for AGM and Moves to Digital Notices
Oct 9, 2026
West Cobar Metals has convened its Annual General Meeting for shareholders at 11.00am AWST on 20 November 2026 in Subiaco, Western Australia. The company is shifting to electronic distribution of AGM materials, providing online access to the notic...
West Cobar Metals Files Updated ASX Corporate Governance Statement
Sep 29, 2026
West Cobar Metals Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rule requirements. The statement, approved by the board as at 29 September 2026, is a...
West Cobar Metals Details 2026 Governance and Diversity Framework
Sep 29, 2026
West Cobar Metals Ltd. has released its corporate governance statement for the financial year ending 30 June 2026, outlining how it applies the ASX Corporate Governance Council’s fourth‑edition principles. The company emphasises that, ...
West Cobar Metals Releases 2026 Annual Report Detailing Exploration Assets and Financials
Sep 29, 2026
West Cobar Metals Limited has released its Annual Report for the year ended 30 June 2026, detailing the company’s financial performance, balance sheet and cash flows. The report also outlines changes in equity, governance matters such as the...
West Cobar Sets November Date for AGM and Director Nomination Deadline
Sep 18, 2026
West Cobar Metals has scheduled its Annual General Meeting for 20 November 2026, in line with ASX listing requirements. The meeting will include the election of directors as a key item of business.The company has set 1 October 2026 as the deadline...
West Cobar Metals Shareholders Back Capital-Raising Resolutions
Sep 10, 2026
West Cobar Metals Limited has confirmed that all resolutions presented at its 10 September 2026 general meeting of shareholders were passed by the required majority. The meeting focused on ratifying recent capital management activities, including ...
West Cobar Metals Secures R&D Tax Refund to Advance Critical Minerals Projects
Aug 30, 2026
West Cobar Metals has received a research and development tax refund of about $171,000 following its FY2025 RD Tax Incentive application. The rebate relates to eligible expenditure on advancing the Salazar scandium and critical minerals project ne...
West Cobar completes drilling at Blind Freddie as it advances Cobar copper district ambitions
Aug 25, 2026
West Cobar Metals has completed a 15‑hole, 801m air‑core drilling program at its 100%-owned Blind Freddie prospect, about 50km west of Cobar in New South Wales. The campaign targeted the source of previously identified surface copper a...
West Cobar fast-tracks scandium strategy at Salazar Project in WA
Aug 9, 2026
West Cobar Metals is accelerating scandium-focused work at its Salazar Project in Western Australia, launching multiple parallel workstreams to evaluate the deposit’s potential. The company plans an aircore drilling program in the fourth qua...
West Cobar Metals Sets September General Meeting, Pushes Digital Communications
Jul 31, 2026
West Cobar Metals has called a General Meeting of shareholders for 10.00am AWST on 10 September 2026 at Prospera Partners’ offices in Subiaco, providing notice and meeting materials online rather than in hard copy except for investors who ha...
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.