MAY vs TBN

ASX Energy sector comparison — updated 14 Jul 2026 — Energy sector

MAY

MELBANA FPO [MAY]

43LOW

TBN

TAMBORAN CDI FORUS [TBN]

43LOW

Score Breakdown

MAY TBN
Technical
45
65
Catalyst
45
50
Sentiment
50
50
Fundamental
54
59
Momentum
37
66
Risk Gate
32
45

Key Metrics

MAY Metric TBN
$18.9MMarket Cap$1.6B
5.1MAvg Volume (20d)4.1M
N/AShort InterestN/A
$0.02652-Week High$0.339
$0.00352-Week Low$0.145
+0.0%Daily Change-4.3%
$0.005Reference Price$0.225
-6.7%ROE-8.4%
N/AProfit MarginN/A

Active Signals

MAY Signals

Lagging the Small Ords index — relative strength of 0.90, underperforming its peers
Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
Below the 200-day average — the long-term trend is still working against it
Adequate cash runway (6 quarters)
Pre-revenue with limited cash
Piotroski F-Score weak (3/9, low-confidence approx)
Near 52-week low (9% of range)
Micro-cap ($5-20M) - high risk

TBN Signals

Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
Volatility is contracting — like a spring being compressed, breakouts often follow
Trading above the 200-day average — the long-term trend is on your side
Strong cash runway (11 quarters)
Pre-revenue but well-funded (>$30M cash)
Piotroski F-Score weak (3/9, low-confidence approx)
Capital raise activity (2 events)
Dilution velocity warning (2 raises recently)

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MAY vs OEL →JGH vs MAY →OEL vs TBN →JGH vs TBN →FDR vs MAY →
MAY Full Analysis → TBN Full Analysis → Energy Sector → All Comparisons →
GENERAL INFORMATION ONLY. SmallCapData provides algorithmic screening data and does not constitute personal financial advice, a recommendation, or an offer to buy or sell any security. This content is produced by an algorithm, not a licensed financial adviser. You should consider seeking independent financial advice before making any investment decision. Past performance is not indicative of future results. Trading in small-cap securities carries a high degree of risk, including the risk of total loss of capital. The author may hold positions in mentioned securities. SmallCapData does not hold an Australian Financial Services Licence (AFSL).