34LOW

ICL

ICENIGOLD FPO [ICL]
Iceni Gold Limited focuses on acquiring, exploring, and developing gold projects in Western Australia. Its principal property consists of the 14 Mile Well project that includes 5 granted exploration licenses, 143 granted prospecting licenses, 7 prospecting licenses, and 2 mining leases covering an area of approximately 600 square kilometres located in the Eastern Goldfields region, Western Australia. Iceni Gold Limited was incorporated in 2020 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0400 +2.6%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical44
Catalyst80
Sentiment50
Fundamental53
Momentum42
Risk Gate37
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Active Signals

Bullish Signals

  • RSI is looking oversold — historically a spot where stocks tend to bounce
  • Above-average volume (1.7x) on a green day — buyers stepping up
  • Lagging the Small Ords index — relative strength of 0.89, underperforming its peers
  • Volatility is expanding fast — choppy price action, so buckle up
  • Adequate cash runway (7 quarters)
  • Strong revenue growth (+169%)
  • Near 52-week low (5% of range)
  • Micro-cap ($5-20M) - high risk
  • Recent placement detected - dilution risk
  • Dilution velocity warning (3 raises recently)
  • CANSLIM S: Tight float (47%)
  • Sentiment is mixed — no strong consensus either way
  • Revenue growing at +169% — the top line is moving in the right direction
  • Elevated dilution risk (3 recent capital raises)
  • Low-priced stock risk ($0.040)
  • Commodity (Gold): strong_down (-5pts)
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 33% over the past year
  • The bigger volume days are the down days — volume-weighted momentum is negative (-2.27%/day)
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Proposed issue of securities - ICL
NONE Announcement Clarification
NONE Proposed issue of securities - ICL
MEDIUM Upsizing of Placement
HIGH $1.55m Raised and Strategic Tenement Acquisition

Recent ASX Announcements

2026-03-25 Proposed issue of securities - ICL
2026-03-25 Upsizing of Placement PRICE SENSITIVE
2026-03-24 Announcement Clarification
2026-03-22 Proposed issue of securities - ICL
2026-03-22 $1.55m Raised and Strategic Tenement Acquisition PRICE SENSITIVE

Key Metrics

$13.8M
Market Cap
137K
Avg Volume
1.7x
Vol Ratio
$0.04 — $0.10
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-7.3%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 47%
LLeader vs LaggardlaggardRS: -10
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #540 of 558 · Sector avg: 46

View all Basic Materials signals →
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