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CAE (Cannindah) Stock Analysis
Buy, Hold or Sell?

Let's analyze Cannindah together

I guess you are interested in Cannindah Resources Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Cannindah’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Cannindah’s Price Targets

I'm going to help you getting a better view of Cannindah Resources Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Cannindah (30 sec.)










1.2. What can you expect buying and holding a share of Cannindah? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
20.0%

What is your share worth?

Current worth
A$0.02
Expected worth in 1 year
A$0.02
How sure are you?
40.0%

+ What do you gain per year?

Total Gains per Share
A$0.00
Return On Investment
12.1%

For what price can you sell your share?

Current Price per Share
A$0.03
Expected price per share
A$0 - A$0.031
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Cannindah (5 min.)




Live pricePrice per Share (EOD)
A$0.03
Intrinsic Value Per Share
A$-0.05 - A$-0.03
Total Value Per Share
A$-0.03 - A$-0.01

2.2. Growth of Cannindah (5 min.)




Is Cannindah growing?

Current yearPrevious yearGrowGrow %
How rich?$9.5m$9.1m$413.2k4.3%

How much money is Cannindah making?

Current yearPrevious yearGrowGrow %
Making money-$977.8k-$1.2m$257.1k26.3%
Net Profit Margin0.0%-16,736.8%--

How much money comes from the company's main activities?

2.3. Financial Health of Cannindah (5 min.)




2.4. Comparing to competitors in the Other Precious Metals & Mining industry (5 min.)




  Industry Rankings (Other Precious Metals & Mining)  


Richest
#81 / 209

Most Revenue
#77 / 209

Most Profit
#133 / 209
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Cannindah?

Welcome investor! Cannindah's management wants to use your money to grow the business. In return you get a share of Cannindah.

First you should know what it really means to hold a share of Cannindah. And how you can make/lose money.

Speculation

The Price per Share of Cannindah is A$0.029. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Cannindah.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Cannindah, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.02. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.01 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Cannindah.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.00-4.6%0.00-4.6%0.00-5.8%0.00-5.1%0.00-1.4%0.00-2.4%
Usd Book Value Change Per Share0.002.0%0.002.0%0.0011.5%0.007.0%0.008.9%0.003.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.003.6%0.002.1%0.001.1%
Usd Total Gains Per Share0.002.0%0.002.0%0.0011.5%0.0010.6%0.0011.1%0.004.5%
Usd Price Per Share0.04-0.04-0.10-0.09-0.06-0.04-
Price to Earnings Ratio-28.03--28.03--57.39--56.61--33.58--31.88-
Price-to-Total Gains Ratio66.32-66.32-29.26-39.37-22.83--17.26-
Price to Book Ratio2.87-2.87-7.76-7.88-3.73-11.55-
Price-to-Total Gains Ratio66.32-66.32-29.26-39.37-22.83--17.26-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.018821
Number of shares53132
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (53132 shares)30.16170.50
Gains per Year (53132 shares)120.64682.01
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10121111132550672
2024123226510991354
3036235339716492036
4048347452921992718
5060359566227483400
6072471679432984082
7084483792638484764
80965958105943985446
9010861079119149476128
10012061200132354976810

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%1.09.00.010.0%2.018.00.010.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%4.06.00.040.0%10.010.00.050.0%
Dividend per Share0.00.01.00.0%1.00.02.033.3%2.00.03.040.0%2.00.08.020.0%2.00.018.010.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%4.06.00.040.0%10.010.00.050.0%
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3.2. Key Performance Indicators

The key performance indicators of Cannindah Resources Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0010.0010%0.005-83%0.003-72%0.004-78%0.002-43%
Book Value Per Share--0.0200.0200%0.019+5%0.018+13%0.013+60%0.007+170%
Current Ratio--0.0810.0810%0.337-76%0.379-79%0.684-88%0.637-87%
Debt To Asset Ratio--0.1750.1750%0.163+7%0.167+4%0.359-51%0.475-63%
Debt To Equity Ratio--0.2120.2120%0.195+8%0.201+5%0.136+55%2.794-92%
Dividend Per Share----0%-0%0.002-100%0.001-100%0.000-100%
Enterprise Value--39141243.00039141243.0000%107119911.000-63%93402374.000-58%65327214.800-40%44903366.800-13%
Eps---0.002-0.0020%-0.003+26%-0.002+11%-0.001-70%-0.001-49%
Ev To Ebitda Ratio---28.256-28.2560%-56.633+100%-56.303+99%-33.618+19%-42.068+49%
Free Cash Flow Per Share---0.003-0.0030%-0.007+142%-0.005+71%-0.003+19%-0.002-21%
Free Cash Flow To Equity Per Share---0.001-0.0010%-0.001-2%-0.001-33%0.000-34747%0.000-90%
Gross Profit Margin--1.0001.0000%1.295-23%1.098-9%1.095-9%1.171-15%
Intrinsic Value_10Y_max---0.027----------
Intrinsic Value_10Y_min---0.052----------
Intrinsic Value_1Y_max---0.002----------
Intrinsic Value_1Y_min---0.005----------
Intrinsic Value_3Y_max---0.007----------
Intrinsic Value_3Y_min---0.015----------
Intrinsic Value_5Y_max---0.013----------
Intrinsic Value_5Y_min---0.026----------
Market Cap21114320.000-100%42228640.00042228640.0000%109212000.000-61%95378480.000-56%67565824.000-38%47325200.000-11%
Net Profit Margin----0%-167.3680%-522.3050%-3887.5160%-2164.9650%
Operating Margin----0%-167.1320%-522.2270%14202.185-100%6945.721-100%
Operating Ratio----0%167.176-100%522.289-100%2229.526-100%1243.918-100%
Pb Ratio1.435-100%2.8702.8700%7.758-63%7.883-64%3.732-23%11.551-75%
Pe Ratio-14.014+50%-28.028-28.0280%-57.390+105%-56.613+102%-33.576+20%-31.883+14%
Price Per Share0.029-100%0.0580.0580%0.150-61%0.131-56%0.093-38%0.065-11%
Price To Free Cash Flow Ratio-9.880+50%-19.760-19.7600%-21.118+7%-25.964+31%-26.760+35%-28.936+46%
Price To Total Gains Ratio33.158-100%66.31566.3150%29.263+127%39.372+68%22.827+191%-17.260+126%
Quick Ratio--0.0810.0810%0.337-76%0.379-79%0.683-88%0.637-87%
Return On Assets---0.085-0.0850%-0.113+34%-0.109+29%-0.179+112%-0.210+149%
Return On Equity---0.102-0.1020%-0.135+32%-0.131+28%-0.105+3%-1.130+1004%
Total Gains Per Share--0.0010.0010%0.005-83%0.005-82%0.005-82%0.002-57%
Usd Book Value--9549484.6489549484.6480%9136210.534+5%8466584.449+13%5958685.896+60%3541173.162+170%
Usd Book Value Change Per Share--0.0010.0010%0.003-83%0.002-72%0.003-78%0.001-43%
Usd Book Value Per Share--0.0130.0130%0.013+5%0.012+13%0.008+60%0.005+170%
Usd Dividend Per Share----0%-0%0.001-100%0.001-100%0.000-100%
Usd Enterprise Value--25402666.70725402666.7070%69520822.239-63%60618140.726-58%42397362.405-40%29142285.053-13%
Usd Eps---0.001-0.0010%-0.002+26%-0.001+11%0.000-70%-0.001-49%
Usd Free Cash Flow---1386962.973-1386962.9730%-3356241.845+142%-2368304.624+71%-1644992.133+19%-1093229.597-21%
Usd Free Cash Flow Per Share---0.002-0.0020%-0.005+142%-0.003+71%-0.002+19%-0.002-21%
Usd Free Cash Flow To Equity Per Share---0.001-0.0010%-0.001-2%0.000-33%0.000-34747%0.000-90%
Usd Market Cap13703193.680-100%27406387.36027406387.3600%70878588.000-61%61900633.520-56%43850219.776-38%30714054.800-11%
Usd Price Per Share0.019-100%0.0380.0380%0.097-61%0.085-56%0.060-38%0.042-11%
Usd Profit---977833.373-977833.3730%-1235028.828+26%-1082777.106+11%-1069510.853+9%-890638.601-9%
Usd Revenue----0%7379.130-100%2706.330-100%3016.552-100%10152.696-100%
Usd Total Gains Per Share--0.0010.0010%0.003-83%0.003-82%0.003-82%0.001-57%
 EOD+2 -6MRQTTM+0 -0YOY+16 -193Y+16 -215Y+15 -2310Y+12 -26

3.3 Fundamental Score

Let's check the fundamental score of Cannindah Resources Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-14.014
Price to Book Ratio (EOD)Between0-11.435
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.081
Current Ratio (MRQ)Greater than10.081
Debt to Asset Ratio (MRQ)Less than10.175
Debt to Equity Ratio (MRQ)Less than10.212
Return on Equity (MRQ)Greater than0.15-0.102
Return on Assets (MRQ)Greater than0.05-0.085
Total2/10 (20.0%)

3.4 Technical Score

Let's check the technical score of Cannindah Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5032.010
Ma 20Greater thanMa 500.034
Ma 50Greater thanMa 1000.045
Ma 100Greater thanMa 2000.053
OpenGreater thanClose0.030
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Cannindah Resources Ltd

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.

Fundamental data was last updated by Penke on 2025-05-30 05:39:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Cannindah earns for each $1 of revenue.

  • Above 10% is considered healthy but always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • A Net Profit Margin of 0.0%Β means thatΒ $0.00 for each $1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Cannindah Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-16,736.8%+16,736.8%
TTM-5Y-388,751.6%+388,751.6%
5Y-388,751.6%10Y-216,496.5%-172,255.2%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--39.8%+39.8%
TTM--23.4%+23.4%
YOY-16,736.8%-166.5%-16,570.3%
3Y-52,230.5%-169.8%-52,060.7%
5Y-388,751.6%-248.9%-388,502.7%
10Y-216,496.5%-356.5%-216,140.0%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Cannindah is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • -8.5% Return on Assets means thatΒ Cannindah generatedΒ $-0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Cannindah Resources Ltd:

  • The MRQ is -8.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -8.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-8.5%TTM-8.5%0.0%
TTM-8.5%YOY-11.3%+2.9%
TTM-8.5%5Y-17.9%+9.4%
5Y-17.9%10Y-21.0%+3.1%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.5%-9.3%+0.8%
TTM-8.5%-10.3%+1.8%
YOY-11.3%-8.8%-2.5%
3Y-10.9%-12.1%+1.2%
5Y-17.9%-12.4%-5.5%
10Y-21.0%-13.6%-7.4%
4.3.1.3. Return on Equity

Shows how efficient Cannindah is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • -10.2% Return on Equity means Cannindah generated $-0.10Β for eachΒ $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Cannindah Resources Ltd:

  • The MRQ is -10.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -10.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-10.2%TTM-10.2%0.0%
TTM-10.2%YOY-13.5%+3.3%
TTM-10.2%5Y-10.5%+0.3%
5Y-10.5%10Y-113.0%+102.5%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-10.2%-8.9%-1.3%
TTM-10.2%-10.0%-0.2%
YOY-13.5%-8.3%-5.2%
3Y-13.1%-11.2%-1.9%
5Y-10.5%-13.7%+3.2%
10Y-113.0%-14.8%-98.2%
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4.3.2. Operating Efficiency of Cannindah Resources Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Cannindah is operatingΒ .

  • Measures how much profit Cannindah makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • An Operating Margin of 0.0%Β means the company generated $0.00 Β for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Cannindah Resources Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-16,713.2%+16,713.2%
TTM-5Y1,420,218.5%-1,420,218.5%
5Y1,420,218.5%10Y694,572.1%+725,646.4%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--383.0%+383.0%
TTM--26.6%+26.6%
YOY-16,713.2%-231.4%-16,481.8%
3Y-52,222.7%-189.7%-52,033.0%
5Y1,420,218.5%-394.0%+1,420,612.5%
10Y694,572.1%-489.4%+695,061.5%
4.3.2.2. Operating Ratio

Measures how efficient Cannindah is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Other Precious Metals & Mining industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Cannindah Resources Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY167.176-167.176
TTM-5Y2,229.526-2,229.526
5Y2,229.52610Y1,243.918+985.608
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.588-1.588
TTM-1.428-1.428
YOY167.1762.355+164.821
3Y522.2892.516+519.773
5Y2,229.5264.906+2,224.620
10Y1,243.9185.613+1,238.305
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4.4.3. Liquidity of Cannindah Resources Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Cannindah is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Other Precious Metals & Mining industry mean).
  • A Current Ratio of 0.08Β means the company has $0.08 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Cannindah Resources Ltd:

  • The MRQ is 0.081. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.081. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.081TTM0.0810.000
TTM0.081YOY0.337-0.257
TTM0.0815Y0.684-0.603
5Y0.68410Y0.637+0.047
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0812.216-2.135
TTM0.0812.725-2.644
YOY0.3372.716-2.379
3Y0.3793.559-3.180
5Y0.6845.591-4.907
10Y0.6376.039-5.402
4.4.3.2. Quick Ratio

Measures if Cannindah is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • A Quick Ratio of 0.08Β means the company can pay off $0.08 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Cannindah Resources Ltd:

  • The MRQ is 0.081. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.081. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.081TTM0.0810.000
TTM0.081YOY0.337-0.257
TTM0.0815Y0.683-0.603
5Y0.68310Y0.637+0.047
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0810.524-0.443
TTM0.0810.801-0.720
YOY0.3371.290-0.953
3Y0.3791.534-1.155
5Y0.6832.274-1.591
10Y0.6372.701-2.064
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4.5.4. Solvency of Cannindah Resources Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of CannindahΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Cannindah to Other Precious Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.17Β means that Cannindah assets areΒ financed with 17.5% credit (debt) and the remaining percentage (100% - 17.5%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Cannindah Resources Ltd:

  • The MRQ is 0.175. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.175. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.175TTM0.1750.000
TTM0.175YOY0.163+0.011
TTM0.1755Y0.359-0.184
5Y0.35910Y0.475-0.116
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1750.138+0.037
TTM0.1750.146+0.029
YOY0.1630.128+0.035
3Y0.1670.130+0.037
5Y0.3590.186+0.173
10Y0.4750.238+0.237
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Cannindah is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • A Debt to Equity ratio of 21.2% means that company has $0.21 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Cannindah Resources Ltd:

  • The MRQ is 0.212. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.212. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.212TTM0.2120.000
TTM0.212YOY0.195+0.016
TTM0.2125Y0.136+0.075
5Y0.13610Y2.794-2.658
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2120.114+0.098
TTM0.2120.133+0.079
YOY0.1950.123+0.072
3Y0.2010.142+0.059
5Y0.1360.155-0.019
10Y2.7940.210+2.584
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every $1 in earnings Cannindah generates.

  • Above 15 is considered overpriced butΒ always compareΒ Cannindah to theΒ Other Precious Metals & Mining industry mean.
  • A PE ratio of -28.03 means the investor is paying $-28.03Β for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Cannindah Resources Ltd:

  • The EOD is -14.014. Based on the earnings, the company is expensive. -2
  • The MRQ is -28.028. Based on the earnings, the company is expensive. -2
  • The TTM is -28.028. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-14.014MRQ-28.028+14.014
MRQ-28.028TTM-28.0280.000
TTM-28.028YOY-57.390+29.363
TTM-28.0285Y-33.576+5.548
5Y-33.57610Y-31.883-1.693
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-14.014-5.299-8.715
MRQ-28.028-5.231-22.797
TTM-28.028-5.953-22.075
YOY-57.390-7.403-49.987
3Y-56.613-8.951-47.662
5Y-33.576-10.234-23.342
10Y-31.883-11.944-19.939
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Cannindah Resources Ltd:

  • The EOD is -9.880. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -19.760. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -19.760. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-9.880MRQ-19.760+9.880
MRQ-19.760TTM-19.7600.000
TTM-19.760YOY-21.118+1.358
TTM-19.7605Y-26.760+7.000
5Y-26.76010Y-28.936+2.176
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-9.880-5.950-3.930
MRQ-19.760-5.994-13.766
TTM-19.760-6.570-13.190
YOY-21.118-7.159-13.959
3Y-25.964-8.005-17.959
5Y-26.760-11.064-15.696
10Y-28.936-11.438-17.498
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Cannindah is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Other Precious Metals & Mining industry mean).
  • A PB ratio of 2.87 means the investor is paying $2.87Β for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Cannindah Resources Ltd:

  • The EOD is 1.435. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.870. Based on the equity, the company is underpriced. +1
  • The TTM is 2.870. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.435MRQ2.870-1.435
MRQ2.870TTM2.8700.000
TTM2.870YOY7.758-4.888
TTM2.8705Y3.732-0.862
5Y3.73210Y11.551-7.819
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD1.4351.289+0.146
MRQ2.8701.307+1.563
TTM2.8701.238+1.632
YOY7.7581.606+6.152
3Y7.8831.794+6.089
5Y3.7322.404+1.328
10Y11.5512.615+8.936
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Cannindah Resources Ltd.

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5. Financial Statements




5.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2020-06-302021-06-302022-06-302023-06-302024-06-30
Current Deferred Revenue -1580-158128-300-30176147



5.2. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets17,827
Total Liabilities3,113
Total Stockholder Equity14,714
 As reported
Total Liabilities 3,113
Total Stockholder Equity+ 14,714
Total Assets = 17,827

Assets

Total Assets17,827
Total Current Assets249
Long-term Assets17,578
Total Current Assets
Cash And Cash Equivalents 25
Net Receivables 224
Total Current Assets  (as reported)249
Total Current Assets  (calculated)249
+/-0
Long-term Assets
Property Plant Equipment 61
Long Term Investments 117
Long-term Assets Other 17,399
Long-term Assets  (as reported)17,578
Long-term Assets  (calculated)17,578
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities3,084
Long-term Liabilities29
Total Stockholder Equity14,714
Total Current Liabilities
Short-term Debt 32
Accounts payable 2,796
Other Current Liabilities 255
Total Current Liabilities  (as reported)3,084
Total Current Liabilities  (calculated)3,084
+/-0
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt29
Long-term Liabilities  (as reported)29
Long-term Liabilities  (calculated)29
+/-0
Total Stockholder Equity
Common Stock63,034
Retained Earnings -50,684
Accumulated Other Comprehensive Income 2,364
Total Stockholder Equity (as reported)14,714
Total Stockholder Equity (calculated)14,714
+/-0
Other
Capital Stock63,034
Cash and Short Term Investments 25
Common Stock Shares Outstanding 573,710
Current Deferred Revenue147
Liabilities and Stockholders Equity 17,827
Net Debt 36
Net Invested Capital 14,714
Net Working Capital -2,834
Property Plant and Equipment Gross 17,506
Short Long Term Debt Total 61



5.3. Balance Sheets Structured

Currency in AUD. All numbers in thousands.

 Trend2024-06-302023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-302005-06-302004-06-30
> Total Assets 
7,001
6,476
7,042
33,680
45,224
6,028
7,271
9,198
8,051
4,024
3,549
3,677
4,156
4,689
5,197
4,755
4,910
8,456
12,377
16,829
17,827
17,82716,82912,3778,4564,9104,7555,1974,6894,1563,6773,5494,0248,0519,1987,2716,02845,22433,6807,0426,4767,001
   > Total Current Assets 
6,313
4,875
3,359
22,015
8,719
1,243
5,594
7,400
6,030
1,573
647
64
431
446
96
43
72
1,356
1,461
908
249
2499081,4611,356724396446431646471,5736,0307,4005,5941,2438,71922,0153,3594,8756,313
       Cash And Cash Equivalents 
6,273
4,765
3,223
21,609
7,981
1,243
2,054
3,894
5,945
1,564
637
33
414
318
10
16
39
1,292
1,283
659
25
256591,2831,292391610318414336371,5645,9453,8942,0541,2437,98121,6093,2234,7656,273
       Net Receivables 
0
32
79
279
485
0
56
3,507
85
7
10
31
17
128
86
27
32
64
176
248
224
224248176643227861281731107853,50756048527979320
       Other Current Assets 
40
79
57
128
25
0
4,302
0
0
3
10
31
17
128
86
27
32
64
2
248
0
02482643227861281731103004,302025128577940
   > Long-term Assets 
688
1,601
3,683
11,665
36,505
4,786
1,677
1,798
2,021
2,451
2,820
3,528
3,640
4,159
5,019
4,629
4,838
7,100
10,916
15,921
17,578
17,57815,92110,9167,1004,8384,6295,0194,1593,6403,5282,8202,4512,0211,7981,6774,78636,50511,6653,6831,601688
       Property Plant Equipment 
688
1,555
3,641
11,599
36,440
3,930
1,658
1,798
2,021
2,436
2,820
3,528
3,640
4,159
5,019
4,629
4,755
6,994
6
97
61
619766,9944,7554,6295,0194,1593,6403,5282,8202,4362,0211,7981,6583,93036,44011,5993,6411,555688
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
85
84
82
84
83
106
105
117
117
1171171051068384828485000000000000
       Other Assets 
0
46
42
66
66
855
19
0
0
15
83
85
85
84
82
84
83
0
105
117
0
0117105083848284858583150019855666642460
> Total Liabilities 
278
249
477
207
3,948
1,080
907
92
107
58
95
771
1,974
2,779
3,744
4,549
5,982
614
2,032
2,751
3,113
3,1132,7512,0326145,9824,5493,7442,7791,9747719558107929071,0803,948207477249278
   > Total Current Liabilities 
278
249
477
207
3,948
262
907
92
107
58
95
353
167
2,779
3,744
4,549
1,003
614
2,032
2,690
3,084
3,0842,6902,0326141,0034,5493,7442,7791673539558107929072623,948207477249278
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
418
1,806
2,464
3,215
3,995
158
158
30
30
32
3230301581583,9953,2152,4641,80641800000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
418
1,806
2,464
3,215
3,995
158
0
0
0
0
00001583,9953,2152,4641,80641800000000000
       Accounts payable 
139
169
249
26
3,777
242
55
31
17
10
49
218
105
188
297
270
264
290
1,470
2,132
2,796
2,7962,1321,47029026427029718810521849101731552423,77726249169139
       Other Current Liabilities 
139
80
227
181
171
20
852
61
90
47
46
135
63
127
232
283
582
324
562
529
255
25552956232458228323212763135464790618522017118122780139
   > Long-term Liabilities 
0
0
0
0
0
818
0
0
0
0
0
418
1,806
225
0
4,979
4,979
4,979
1,470
61
29
29611,4704,9794,9794,97902251,8064180000081800000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
418
1,806
0
0
0
4,979
0
0
61
0
061004,9790001,80641800000000000
       Other Liabilities 
0
0
0
0
0
818
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000081800000
> Total Stockholder Equity
6,723
6,227
6,565
33,473
41,276
4,949
6,365
9,106
7,944
3,966
3,454
2,906
2,182
1,910
1,453
206
-1,072
7,842
10,345
14,077
14,714
14,71414,07710,3457,842-1,0722061,4531,9102,1822,9063,4543,9667,9449,1066,3654,94941,27633,4736,5656,2276,723
   Common Stock
7,123
7,072
7,901
36,277
44,911
47,349
49,349
49,349
49,349
45,894
45,994
46,150
46,392
46,692
47,649
48,230
48,325
53,125
56,750
61,498
63,034
63,03461,49856,75053,12548,32548,23047,64946,69246,39246,15045,99445,89449,34949,34949,34947,34944,91136,2777,9017,0727,123
   Retained Earnings -50,684-49,177-47,274-45,679-49,793-48,419-46,592-45,403-44,606-43,639-42,935-42,323-41,748-40,421-43,141-42,537-3,756-2,884-1,376-845-400
   Capital Surplus 000000000000000000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
396
396
396
225
396
396
396
-7,446
-9,476
-12,321
0
0-12,321-9,476-7,4463963963962253963963960000000000



5.4. Balance Sheets

Currency in AUD. All numbers in thousands.




5.5. Cash Flows

Currency in AUD. All numbers in thousands.




5.6. Income Statements

Currency in AUD. All numbers in thousands.


5.7. Latest Income Statement

Income Statement (annual), 2024-06-30. Currency in AUD. All numbers in thousands.

Gross Profit (+$)
totalRevenue0
Cost of Revenue-36
Gross Profit-36-36
 
Operating Income (+$)
Gross Profit-36
Operating Expense-1,388
Operating Income-1,424-1,424
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,010
Selling And Marketing Expenses0
Operating Expense1,3881,010
 
Net Interest Income (+$)
Interest Income5
Interest Expense-86
Other Finance Cost-0
Net Interest Income-81
 
Pretax Income (+$)
Operating Income-1,424
Net Interest Income-81
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-1,507-1,342
EBIT - interestExpense = -1,507
-1,503
-1,421
Interest Expense86
Earnings Before Interest and Taxes (EBIT)-1,421-1,421
Earnings Before Interest and Taxes (EBITDA)-1,385
 
After tax Income (+$)
Income Before Tax-1,507
Tax Provision-0
Net Income From Continuing Ops-1,507-1,507
Net Income-1,507
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,424
Total Other Income/Expenses Net-8281
 

Technical Analysis of Cannindah
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Cannindah. The general trend of Cannindah is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Cannindah's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-85.7%) Bearish trend (85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Cannindah Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Cannindah Resources Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.031 < 0.031 < 0.031.

The bearish price targets are: .

Know someone who trades $CAE? Share this with them.πŸ‘‡

Cannindah Resources Ltd Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Cannindah Resources Ltd. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Cannindah Resources Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Cannindah Resources Ltd. The current macd is -0.00435895.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Cannindah price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Cannindah. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Cannindah price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Cannindah Resources Ltd Daily Moving Average Convergence/Divergence (MACD) ChartCannindah Resources Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Cannindah Resources Ltd. The current adx is 36.46.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Cannindah shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Cannindah Resources Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Cannindah Resources Ltd. The current sar is 0.032362.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Cannindah Resources Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Cannindah Resources Ltd. The current rsi is 32.01. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Cannindah Resources Ltd Daily Relative Strength Index (RSI) ChartCannindah Resources Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Cannindah Resources Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Cannindah price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Cannindah Resources Ltd Daily Stochastic Oscillator ChartCannindah Resources Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Cannindah Resources Ltd. The current cci is -112.47216036.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Cannindah Resources Ltd Daily Commodity Channel Index (CCI) ChartCannindah Resources Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Cannindah Resources Ltd. The current cmo is -38.08646129.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Cannindah Resources Ltd Daily Chande Momentum Oscillator (CMO) ChartCannindah Resources Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Cannindah Resources Ltd. The current willr is -100.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Cannindah Resources Ltd Daily Williams %R ChartCannindah Resources Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Cannindah Resources Ltd.

Cannindah Resources Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Cannindah Resources Ltd. The current atr is 0.0023767.

Cannindah Resources Ltd Daily Average True Range (ATR) ChartCannindah Resources Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Cannindah Resources Ltd. The current obv is -307,855.

Cannindah Resources Ltd Daily On-Balance Volume (OBV) ChartCannindah Resources Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Cannindah Resources Ltd. The current mfi is 31.60.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Cannindah Resources Ltd Daily Money Flow Index (MFI) ChartCannindah Resources Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Cannindah Resources Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2025-01-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-01-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-01-31CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-02-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-02-07ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-02-12STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-24ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-02-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-03-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-03-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-03-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-03-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-24STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-02STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-07BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-10MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-04-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-04-16STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-29STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-05-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-05-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-05-23STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-26BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-03MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-06-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-06-06WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-10CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-11RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-06-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

6.3. Candlestick Patterns

Cannindah Resources Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Cannindah Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5032.010
Ma 20Greater thanMa 500.034
Ma 50Greater thanMa 1000.045
Ma 100Greater thanMa 2000.053
OpenGreater thanClose0.030
Total2/5 (40.0%)
Penke
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