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1 Comment
Cannindah Resources Limited is currently in a long term uptrend where the price is trading 54.6% above its 200 day moving average.
From a valuation standpoint, the stock is 71.3% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 201.4.
Cannindah Resources Limited's total revenue sank by 0.0% to $11K since the same quarter in the previous year.
Its net income has increased by 46.1% to $-435K since the same quarter in the previous year.
Finally, its free cash flow fell by 636.0% to $-736K since the same quarter in the previous year.
Based on the above factors, Cannindah Resources Limited gets an overall score of 3/5.
| ISIN | AU000000CAE1 |
|---|---|
| Sector | Basic Materials |
| Industry | Other Precious Metals & Mining |
| Exchange | AU |
| CurrencyCode | AUD |
| PE Ratio | None |
|---|---|
| Target Price | None |
| Beta | 1.28 |
| Market Cap | 43M |
| Dividend Yield | None |
Cannindah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of various mineral projects in Australia. The company primarily explores for copper, molybdenum, and gold deposits. It holds interest in the Mount Cannindah project located in Queensland; and the Piccadilly project located in the Charter Tower. The company was formerly known as Planet Metals Limited and changed its name to Cannindah Resources Limited in December 2014. Cannindah Resources Limited was incorporated in 2004 and is based in Broadbeach, Australia.
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