Coda Minerals (ASX:COD) - Stock Price, News & Analysis

COD Stock Overview

An exploration company, focuses on the exploration, discovery, and development of minerals in the base metals, precious metals, and battery minerals sector in Australia. More details

COD fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (A$0)

Earnings have declined by 12.2% per year over past 5 years

Does not have a meaningful market cap (A$18M)

Coda Minerals Limited Competitors

Vital Metals

ASX:VML

AU$11.8m

Australian Rare Earths

ASX:AR3

AU$17.5m

Audalia Resources

ASX:ACP

AU$16.6m

White Rock Minerals

ASX:WRM

AU$17.5m

Price History & Performance

Summary of all time highs, changes and price drops for Coda Minerals
Historical stock prices
Current Share Price	AU$0.071
52 Week High	AU$0.22
52 Week Low	AU$0.065
Beta	0.55
11 Month Change	-10.13%
3 Month Change	-32.38%
1 Year Change	-49.29%
33 Year Change	-89.78%
5 Year Change	n/a
Change since IPO	-83.86%

Recent updates

Here's Why We're Watching Coda Minerals' (ASX:COD) Cash Burn Situation

May 11

We're Hopeful That Coda Minerals (ASX:COD) Will Use Its Cash Wisely

Jan 20

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Sep 24

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Jun 08

Is Coda Minerals (ASX:COD) In A Good Position To Deliver On Growth Plans?

Feb 23

Shareholder Returns

	COD	AU Metals and Mining	AU Market
7D	6.0%	1.6%	0.9%
1Y	-49.3%	-10.8%	18.4%

Return vs Industry: COD underperformed the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: COD underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is COD's price volatile compared to industry and market?
COD volatility
COD Average Weekly Movement	10.3%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: COD has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: COD's weekly volatility has decreased from 15% to 10% over the past year.

About the Company

Founded	Employees	CEO	Website
2018	n/a	Chris Stevens	www.codaminerals.com

Coda Minerals Limited, an exploration company, focuses on the exploration, discovery, and development of minerals in the base metals, precious metals, and battery minerals sector in Australia. It explores for copper, cobalt, gold, uranium, rare earth metals. The company’s flagship project is the 100% interest in the Elizabeth Creek Copper-Cobalt project that covers an area of 701 square kilometers located in South Australia.

Coda Minerals Limited Fundamentals Summary

How do Coda Minerals's earnings and revenue compare to its market cap?
COD fundamental statistics
Market cap	AU$17.67m
Earnings (TTM)	-AU$4.57m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-3.9x

P/E Ratio

Is COD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
COD income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$4.57m
Earnings	-AU$4.57m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.018
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did COD perform over the long term?

See historical performance and comparison

COD Stock Overview

Risk Analysis

Coda Minerals Limited Competitors

ASX:VML

AU$11.8m

ASX:AR3

AU$17.5m

ASX:ACP

AU$16.6m

ASX:WRM

AU$17.5m

Price History & Performance

Recent News & Updates

New major risk - Shareholder dilution

New major risk - Market cap size

Coda Minerals Limited, Annual General Meeting, Nov 21, 2024

New minor risk - Financial data availability

New minor risk - Shareholder dilution

Coda Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.76543 million.

Recent updates

New major risk - Shareholder dilution

New major risk - Market cap size

Coda Minerals Limited, Annual General Meeting, Nov 21, 2024

New minor risk - Financial data availability

New minor risk - Shareholder dilution

Coda Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.76543 million.

New major risk - Share price stability

New major risk - Market cap size

New minor risk - Share price stability

New minor risk - Financial data availability

Coda Minerals Limited, Annual General Meeting, Nov 10, 2023

New minor risk - Financial data availability

Coda Minerals Limited Completes ANT Programme at Elizabeth Creek Copper Project in South Australia

Coda Minerals Limited Updates Recent Progress on the Scoping Study for the Copper-Cobalt Resources at its 100%-Owned Elizabeth Creek Copper Project in South Australia

Coda Minerals Ltd Commences ANT Geophysics at Emmie IOCG

Coda Minerals Limited, Annual General Meeting, Feb 07, 2023

Coda Minerals Limited Announces Mining Study Marks Key Breakthrough at Elizabeth Creek

Price target decreased to AU$0.90

Insufficient new directors

Kalamazoo Resources Limited (ASX:KZR) completed the acquisition of MT PIPER GOLD PROJECT from Coda Minerals Limited (ASX:COD).

Coda Minerals Limited, Annual General Meeting, Nov 09, 2022

Coda Minerals Limited Commences Drilling at Cameron River

Coda Minerals Limited Commences Drilling at Cameron River

Insufficient new directors

Coda Minerals Limited Announces Assays from IOCG Drilling Confirm Target Areas for Follow Up

Coda Minerals Announces Drilling to Commence At Cameron River

Coda Minerals Limited Unlocks Economic Potential of 100%-Owned Elizabeth Creek Copper-Cobalt Project in South Australia's Olympic Copper

Coda Minerals Limited Reports Further Significant Assay Results Received from Drilling at the Emmie IOCG Prospect

Coda Minerals Limited Reports Results from Cameron River Project, Additional Information

Coda Minerals Limited Reports Results from Recently Completed Geophysical Programmes at Its Highly Prospective Cameron River Project, Located in the Heart of the World-Class Mt Isa Mineral Province in North Queensland

Coda Minerals Ltd Reports New Exploration Results from Its Emmie IOCG Project in South Australia

Coda Minerals Ltd Reports New Exploration Results from Its Emmie Iocg Project in South Australia

Here's Why We're Watching Coda Minerals' (ASX:COD) Cash Burn Situation

Coda Minerals Ltd Reports Significant New Exploration Results from Its Emmie IOCG Project in South Australia

Price target increased to AU$2.50

Coda Minerals Limited Announces New Bornite Zone Discovered as Emmie IOCG Opens Up

Coda Minerals Limited (ASX:COD) entered into a Bid Implementation Deed to make an offer to acquire Torrens Mining Limited (ASX:TRN) for AUD 23.1 million.

We're Hopeful That Coda Minerals (ASX:COD) Will Use Its Cash Wisely

Coda Minerals Limited Extends Bornite Zone At Emmie Bluff Deeps

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Non-Executive Director Zhu Changjiang has left the company

Coda Minerals Limited announced that it expects to receive AUD 14.4 million in funding

Coda Minerals Limited and Torrens Mining Limited Provides Update on Ongoing Exploration Activities At the Tier-1 Emmie Bluff Deeps Iocg Prospect in South Australia

Coda Minerals Limited, in Conjunction with Its Joint Venture Partner Torrens Mining Limited Announces Preliminary Results from Drill-Hole Dd21eb0018

Here's Why We're Not Too Worried About Coda Minerals' (ASX:COD) Cash Burn Situation

Coda Receives Accelerated Discovery Initiative Grant to Fly VTEM Surveys At Elizabeth Creek Copper Project

Coda Minerals Limited Announces Major Copper Drilling Program Underway in South Australia

Coda Minerals Limited Reports the Final Round of Assay Results from its Two-Phase, 17-Hole Diamond Drill Programme at the Emmie Bluff Prospect

Coda Minerals Limited Announces Emmie Bluff Drilling Paves Way for Maiden JORC Resource

Is Coda Minerals (ASX:COD) In A Good Position To Deliver On Growth Plans?

Coda Minerals Limited Announces Assay Results Confirm Huge Lateral Extent of Emmie Bluff Copper ­Cobalt Mineralisation

New 90-day high: AU$0.46

Coda Minerals Limited to Drill Highly Prospective Iocg Targets

Coda Minerals Limited Announces the Result of a Downhole Electromagnetic Survey Programme At the Company's Emmie Bluff Copper Prospect

Coda Minerals Limited and Terrace Mining Pty Ltd Announce Farm-In and Joint Venture Agreement

Coda Minerals Limited Expands Drill Programme at Emmie Bluff Following Multiple Copper Intersects in 2020

Coda Minerals Limited Completes 7 of 8 Planned Drill Holes from the Emmie Bluff Resource Definition and Expansion Programme Within the Greater Elizabeth Creek Copper Project

Coda Minerals Limited Announces Company Secretary Changes

Coda Minerals Limited Updates on Drilling and South Australia COVID-19 Impact

Shareholder Returns

Coda Minerals Limited Announces Assay Results Confirm Huge Lateral Extent of Emmie Bluff Copper Cobalt Mineralisation