46LOW

IDA

INDIANARES FPO [IDA]
Indiana Resources Limited engages in the exploration of rare earth elements, gold, and base metals in Australia. It primarily holds 100% interests in the Gawler Craton gold project that covers an area of 5,713 square kilometers located in South Australia. The company was formerly known as IMX Resources Limited and changed its name to Indiana Resources Limited in June 2016. The company was incorporated in 1985 and is based in Adelaide, Australia.
Basic Materials · ASX Small Cap
$0.0350 +2.9%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical48
Catalyst50
Sentiment50
Fundamental41
Momentum53
Risk Gate45
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Active Signals

Bullish Signals

  • Low cash runway (2 quarters) - dilution risk
  • Revenue in sharp decline (-99%)
  • Near 52-week low (0% of range)
  • Small-cap ($20-100M)
  • Substantial holder(s) ceased (1)
  • Strong return on equity (138%)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 26% over the past year
  • Pre-revenue company — Altman Z-Score not applicable
  • Low-priced stock risk ($0.033)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Revenue declining at -99% — the top line is shrinking
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Half Yearly Report and Accounts
NONE Three New Priority Target Areas at Minos
NONE Gold Confirmed on Splay off Lake Labyrinth Shear
LOW RIU Explorers Conference Presentation
HIGH Ceasing to be a substantial holder

Recent ASX Announcements

2026-03-13 Half Yearly Report and Accounts
2026-02-16 RIU Explorers Conference Presentation
2026-02-16 Three New Priority Target Areas at Minos
2026-02-09 Gold Confirmed on Splay off Lake Labyrinth Shear PRICE SENSITIVE
2026-01-30 Ceasing to be a substantial holder

Key Metrics

$21.3M
Market Cap
1.6M
Avg Volume
1.4x
Vol Ratio
$0.03 — $0.09
52-Week Range
N/A
Short Interest
N/A
Cash Runway
138.0%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSneutralEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 72%
LLeader vs LaggardlaggardRS: -3
IInstitutional SponsorshipweakInst: 7%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #299 of 558 · Sector avg: 46

View all Basic Materials signals →
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