Carnaby Resources (CHIA:CNB) - Stock Price, News & Analysis

CNB Stock Overview

Engages in the exploration and development of mineral properties in Australia. More details

CNB fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 97.4% below our estimate of its fair value

Earnings are forecast to grow 63.62% per year

Risk Analysis

Has less than 1 year of cash runway

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

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$63M)

Carnaby Resources Limited Competitors

Petratherm

ASX:PTR

AU$57.7m

Hastings Technology Metals

ASX:HAS

AU$49.7m

Tungsten Mining

ASX:TGN

AU$58.2m

Essential Metals

ASX:ESS

AU$135.3m

Price History & Performance

Summary of all time highs, changes and price drops for Carnaby Resources
Historical stock prices
Current Share Price	AU$0.36
52 Week High	AU$0.88
52 Week Low	AU$0.34
Beta	2.89
11 Month Change	-14.29%
3 Month Change	-2.70%
1 Year Change	-42.40%
33 Year Change	46.94%
5 Year Change	393.15%
Change since IPO	89.47%

Recent updates

Shareholder Returns

	CNB	AU Metals and Mining	AU Market
7D	-2.7%	1.6%	0.9%
1Y	-42.4%	-10.8%	18.4%

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

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

Price Volatility

Is CNB's price volatile compared to industry and market?
CNB volatility
CNB Average Weekly Movement	11.8%
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: CNB has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: CNB's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2016	n/a	Rob Watkins	carnabyresources.com.au

Carnaby Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company explores for gold, lithium, copper, and base metal deposits. Its flagship project is the Greater Duchess copper-gold project, which consists of an area of approximately 1,946 square kilometers located in Mount Isa Inlier, Queensland.

Carnaby Resources Limited Fundamentals Summary

How do Carnaby Resources's earnings and revenue compare to its market cap?
CNB fundamental statistics
Market cap	AU$62.76m
Earnings (TTM)	-AU$12.09m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-5.2x

P/E Ratio

Is CNB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CNB income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$12.09m
Earnings	-AU$12.09m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.07
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did CNB perform over the long term?

See historical performance and comparison

CNB Stock Overview

Rewards

Risk Analysis

Carnaby Resources Limited Competitors

ASX:PTR

AU$57.7m

ASX:HAS

AU$49.7m

ASX:TGN

AU$58.2m

ASX:ESS

AU$135.3m

Price History & Performance

Recent News & Updates

Forecast to breakeven in 2027

Carnaby Resources Limited, Annual General Meeting, Nov 21, 2024

No independent directors

New major risk - Financial position

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Recent updates

Forecast to breakeven in 2027

Carnaby Resources Limited, Annual General Meeting, Nov 21, 2024

No independent directors

New major risk - Financial position

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

New minor risk - Profitability

Carnaby Resources Limited, Annual General Meeting, Nov 08, 2023

New minor risk - Financial data availability

Carnaby Resources Limited Appoints Steven Bowler as Joint Company Secretary

Carnaby Resources Limited Announces Ministerial Approval of Mount Hope Boundary Resolution

Independent Non-Executive Chairman recently sold AU$1.2m worth of stock

Carnaby Resources Limited Announces Further Drill Results from the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces Further Drill Results from the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Less than half of directors are independent

Carnaby Resources Limited Announces Further Exceptional Drill Results from the Mount Hope Prospect at the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces Excellent Metallurgical Results - Greater Duchess Project

Carnaby Resources Limited Announces Further Exceptional Drill Results from the Mount Hope Prospect at the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited, Annual General Meeting, Nov 24, 2022

Carnaby Resources Limited Announces Further Exceptional Drill Results from Mount Hope Prospect At Greater Duchess Copper Gold Project in Mt Isa

Full year 2022 earnings released: AU$0.064 loss per share (vs AU$0.003 profit in FY 2021)

Carnaby Resources Limited Announces Copper Gold Discovery At Mount Hope and an Exploration Update for the Greater Duchess Copper Gold Project

Carnaby Resources Limited Announces Exploration Update for the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces an Exploration Update for the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces Exploration Update for the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces Major New Ip Anomalies Light Up 3Km Greater Duchess Corridor

Carnaby Resources Limited Announces A Continuation of High Grade Exploration Results At the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces New Exploration Results At the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces New Exploration Results at the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Less than half of directors are independent

Carnaby Resources Limited (ASX:CNB) agreed to acquire 100% of MOUNT HOPE ML90240 from Integrated Global Resource Solutions, LLC for AUD 2 million.

Carnaby Resources Limited Announces Exceptional Drill Results At Greater Duchess 24M @ 5% Copper

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

Carnaby Resources Limited Announces New Exploration Results at the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces New Exploration Results At the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Reports Further Exploration Results at its 100% Owned Lady Fanny Copper Gold Discovery Within the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources to Report Further Exploration Success at Its Major Copper Gold Discovery At the Nil Desperandum Prospect Within the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Non-Executive Director recently sold AU$360k worth of stock

Carnaby Resources Limited to Confirm Major Copper-Gold Discovery at the Nil Desperandum Prospect Within the Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited announced that it expects to receive AUD 20.000001 million in funding from OZ Exploration Pty Ltd. and other investors

Carnaby Resources Limited Announces Additional Drill Results from the Greater Duchess Copper-Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Announces Stunning Drill Results from the 100% Owned Lady Fanny Prospect Within the Greater Duchess Copper Gold Project

Carnaby Resources Limited Provides an Exploration Update for the Greater Duchess Copper Gold Project in Mt Isa, Queensland and the Strelley Gold Project in the Mallina Basin, Pilbara, WA

Carnaby Resources Limited Announces Spectacular Copper Discovery At the Nil Desperandum Prospect Within the Greater Duchess Copper Gold Project

Carnaby Resources Limited Provides an Exploration Update for the Greater Duchess Copper Gold Project in Mt Isa, Queensland and the Strelley Gold Project in the Mallina Basin, Pilbara, WA

Carnaby Resources Limited Provides Exploration Update - 10,000M of Drilling Underway

Carnaby Resources Ltd Provides Greater Duchess Copper Project Update

Carnaby Resources Limited Provides an Exploration Update for the Greater Duchess Copper Gold Project in Mount Isa, Queensland

Carnaby Resources Limited Provides an Exploration Update for the Greater Duchess Copper Gold Project in Mount Isa, Queensland

Carnaby Resources Limited Provides an Exploration Update for the 100% Owned Strelley Gold Project in the Mallina Basin, Pilbara, WA

Carnaby Resources Limited Provides an Exploration Update for the Greater Duchess Copper Gold Project in Mount Isa, Queensland

Carnaby Resources Limited Provides an Exploration Update for the Greater Duchess Copper Gold Project in Mount Isa, Queensland

Bayrock Cobalt Ltd. entered into binding sale and purchase agreement to acquire Lainejaur Project from Carnaby Resources Limited (ASX:CNB) for AUD 1.5 million.

Carnaby Resources Limited Commences 8,000 m Drilling Program At Strelley

New 90-day low: AU$0.23

Carnaby Resources Limited Provides an Exploration Update on Its Greater Duchess Copper Gold Project in Mt Isa, Queensland

Carnaby Resources Limited Provides Exploration Update for the Malmac Project in the Northern Yilgarn Margin of Western Australia

Carnaby Resources Limited Provides Exploration Update on Compelling Strelley and Tick Hill Drill Results

New 90-day low: AU$0.27