Carnavale Resources (ASX:CAV) - Stock Price, News & Analysis

CAV Stock Overview

Carnavale Resources Limited operates as a mineral exploration company in Australia.

CAV fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings have grown 8.6% per year over the past 5 years

Risk Analysis

Makes less than USD$1m in revenue (A$151K)

Has less than 1 year of cash runway

Highly volatile share price over the past 3 months

Shareholders have been diluted in the past year

+ 1 more risk

Carnavale Resources Limited Competitors

First Lithium

ASX:FL1

AU$24.8m

Copper Strike

ASX:CSE

AU$20.7m

Buxton Resources

ASX:BUX

AU$18.2m

Trek Metals

ASX:TKM

AU$23.1m

Price History & Performance

Summary of all time highs, changes and price drops for Carnavale Resources
Historical stock prices
Current Share Price	AU$0.0055
52 Week High	AU$0.009
52 Week Low	AU$0.002
Beta	0.44
1 Month Change	22.22%
3 Month Change	10.00%
1 Year Change	120.00%
3 Year Change	-31.25%
5 Year Change	37.50%
Change since IPO	-97.88%

Recent updates

Who Has Been Buying Carnavale Resources Limited (ASX:CAV) Shares?

Mar 20

Trade Alert: Phillip Coulson At Carnavale Resources Limited (ASX:CAV), Has Just Spent AU$271k Buying 15% More Shares

Mar 20

Shareholder Returns

	CAV	AU Metals and Mining	AU Market
7D	-8.3%	0.05%	0.9%
1Y	120.0%	-2.1%	5.6%

Return vs Industry: CAV exceeded the Australian Metals and Mining industry which returned -2.1% over the past year.

Return vs Market: CAV exceeded the Australian Market which returned 5.6% over the past year.

Price Volatility

Is CAV's price volatile compared to industry and market?
CAV volatility
CAV Average Weekly Movement	24.0%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: CAV's share price has been volatile over the past 3 months.

Volatility Over Time: CAV's weekly volatility (24%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Humphrey Hale	www.carnavaleresources.com

Carnavale Resources Limited operates as a mineral exploration company in Australia. It explores for tin, lithium, cobalt, silver, nickel, gold, copper, and precious metal deposits. The company holds a 100% interest in the Grey Dam nickel sulphide project in Kalgoorlie, Western Australia; and 80% interest in the Kookynie gold project comprising 2 exploration licenses and 3 prospecting licenses located in Yilgarn Craton, Western Australia.

Carnavale Resources Limited Fundamentals Summary

How do Carnavale Resources's earnings and revenue compare to its market cap?
CAV fundamental statistics
Market cap	AU$17.12m
Earnings (TTM)	-AU$754.82k
Revenue (TTM)	AU$150.94k

124.8x

P/S Ratio

-24.9x

P/E Ratio

Is CAV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CAV income statement (TTM)
Revenue	AU$150.94k
Cost of Revenue	AU$0
Gross Profit	AU$150.94k
Other Expenses	AU$905.76k
Earnings	-AU$754.82k

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00022
Gross Margin	100.00%
Net Profit Margin	-500.09%
Debt/Equity Ratio	0%

How did CAV perform over the long term?

See historical performance and comparison

CAV Stock Overview

Rewards

Risk Analysis

Carnavale Resources Limited Competitors

ASX:FL1

AU$24.8m

ASX:CSE

AU$20.7m

ASX:BUX

AU$18.2m

ASX:TKM

AU$23.1m

Price History & Performance

Recent News & Updates

First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023)

New major risk - Market cap size

New major risk - Market cap size

New major risk - Market cap size

Carnavale Resources Limited, Annual General Meeting, Nov 17, 2023

Full year 2023 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2022)

Recent updates

First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023)

New major risk - Market cap size

New major risk - Market cap size

New major risk - Market cap size

Carnavale Resources Limited, Annual General Meeting, Nov 17, 2023

Full year 2023 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2022)

First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022)

Carnavale Resources Ltd Provides an Update to its Exploration Activities At the Ora Banda South Gold Project

Carnavale Resources Ltd Provides an Update to its Exploration Activities at the Ora Banda South Gold Project

Less than half of directors are independent

Carnavale Resources Ltd Provides Update to its Exploration Activities at Ora Banda South Gold Project

Carnavale Resources Ltd. Provides an Update to the Diamond Drilling Program That Was Completed in July 2022 At the High-Grade Kookynie Gold Projectdiamond Drilling Extends High-Grade Gold Zone At Kookynie

Carnavale Resources Ltd. Provides an Update to the Diamond Drilling Program That Was Completed in July 2022 At the High-Grade Kookynie Gold Projectdiamond Drilling Extends High-Grade Gold Zone At Kookynie

Carnavale Resources Limited (ASX:CAV) completed the acquisition of 80% stake in Ora Banda South Gold Project from Western Resources Pty. Ltd.

Carnavale Resources Limited, Annual General Meeting, Nov 29, 2022

Carnavale Resources Limited (ASX:CAV) exercised its option to acquire 80% in Ora Banda South Gold Project from Western Resources Pty. Ltd. for AUD 15.5 million.

Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2021)

Carnavale Resources Limited Announces New Zones Discovered Along High-Grade Corridor At Kookynie

Carnavale Resources Limited Completes Aircore Program At Ora Banda South Gold Project

Carnavale Resources Limited Announces Update on Its Exploration Update

Carnavale Resources Limited Announces New High-Grade Gold Discovery At Kookynie Gold Project

Carnavale Resources Limited Announces Diamond Drilling Commenced At Kookynie

Carnavale Resources Limited Completes Aircore to Test 1Km Prospective Structure at High Grade Kookynie Gold Project

Carnavale Resources Limited Announces Aircore Started to Test 1Km Prospective Structure At High Grade Kookynie Gold Project

Carnavale Resources Limited Announces Update from Ora Banda South Gold

Carnavale Resources Limited Announces Second RC Program Completed At the Kookynie Gold Project

Less than half of directors are independent

Carnavale Resources Limited Recommences Drilling At Kookynie Targeting High Grade Gold

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Carnavale Resources Limited Announces Commence A Second Aircore Drilling Program

Carnavale Resources Limited announced that it expects to receive AUD 2.64 million in funding

Carnavale Resources Limited Provides Initial Rc Drilling Program At the Mctavish East Prospect At the Kookynie Gold Project

Carnavale Resources Limited Provides Nickel Projects Exploration Update

Carnavale Resources Limited Announces RC Drilling Intersects Bonanza Gold At Kookynie Gold Project

Carnavale Resources Limited Provides Update on High-Grade Gold At Ora Banda

Carnavale Resources Provides A Drilling Update

Carnavale Resources Limited Provides an Exploration Update on the Barracuda Platinum-Palladium-Nickel-Copper Project, Western Australia

Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2020)

Carnavale Resources Limited Announces Kookynie Gold Project Delivers Bonanza Gold Grades

Carnavale Resources Limited Announces Phase 3 Aircore Drilling At Kookynie Gold Project Complete

Who Has Been Buying Carnavale Resources Limited (ASX:CAV) Shares?

Trade Alert: Phillip Coulson At Carnavale Resources Limited (ASX:CAV), Has Just Spent AU$271k Buying 15% More Shares

Insider recently bought AU$271k worth of stock

Carnavale Resources Limited Announces Completion of Phase 2 Aircore Drilling At Kookynie Gold Project

Carnavale Resources Limited (ASX:CAV) agreed to acquire Barracuda Platinum-Palladium-Nickel-Copper Project in the Murchison district from Corporate & Resource Consultants Pty Ltd. and Bruce Legendre for AUD 0.21 million.

First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020)

Carnavale Resources Limited Commences Aircore Drilling At Kookynie Gold Project

Carnavale Resources Limited Receives Aircore Drilling Results from Kookynie Gold Project

Carnavale Resources Limited Announces Kookynie Gold Project Drilling Update

Carnavale Resources Limited Announces Kookynie Gold Project - Exploration Update

Carnavale Resources Limited Announces Phase 1 Drilling Campaign At Grey Dam

Carnavale Resources Limited (ASX:CAV) completed the acquisition of tenement P40/1480 at the Kookynie Gold Project from Duane Briggs.

Full year earnings released - AU$0.0017 loss per share

Shareholder Returns

Price Volatility

About the Company

Carnavale Resources Limited Fundamentals Summary

124.8x

-24.9x