BHL
BLACKHORSE FPO [BHL]
Basic Materials · ASX Small Cap
$0.3100 +5.1%
Updated 26 Mar 2026 · Scores refresh every scan
Appeared in 2 consecutive scans→ Score +0First seen: 2026-02-25
Score Breakdown
Technical48
Catalyst53
Sentiment50
Fundamental65
Momentum54
Risk Gate50
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Active Signals
Bullish Signals
- Watch out — volume is flowing out even as price holds up. Distribution pattern
- On a tear — up 29.2% over the last 5 days
- Lagging the Small Ords index — relative strength of 0.84, underperforming its peers
- Strong cash runway (143 quarters)
- 4C filed 2026-01-27
- Pre-revenue with limited cash
- Near 52-week low (18% of range)
- Micro-cap ($5-20M) - high risk
- CANSLIM S: Tight float (39%)
- Sentiment is mixed — no strong consensus either way
- Pre-revenue company — Altman Z-Score not applicable
- RBA hiking (-3pts)
Risk Signals
- Piotroski F-Score weak (3/9, low-confidence approx)
- Not enough chatter to gauge sentiment — defaulting to neutral
- The bigger volume days are the down days — volume-weighted momentum is negative (-0.81%/day)
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts
NONE Further High-Grade Gold - Mt Egerton Gold Project
NONE Notification regarding unquoted securities - BHL
NONE High-Grade Gold Confirmed at Mt Egerton Gold Project
Announcement tone +3pts
Recent ASX Announcements
| 2026-03-23 | Further High-Grade Gold - Mt Egerton Gold Project PRICE SENSITIVE |
| 2026-03-13 | Notification regarding unquoted securities - BHL |
| 2026-03-10 | High-Grade Gold Confirmed at Mt Egerton Gold Project PRICE SENSITIVE |
| 2026-02-06 | Half Year Accounts |
| 2026-01-27 | Quarterly Activities/Appendix 5B Cash Flow Report PRICE SENSITIVE |
Key Metrics
$19.4M
Market Cap
163K
Avg Volume
0.9x
Vol Ratio
$0.22 — $0.68
52-Week Range
N/A
Short Interest
20 qtrs
Cash Runway
N/A
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | insufficient_data | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | pass | Float: 39% |
| L | Leader vs Laggard | laggard | RS: -5 |
| I | Institutional Sponsorship | weak | Inst: 4% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #316 of 558 · Sector avg: 46
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