IRD
IRON ROAD FPO [IRD]
Basic Materials · ASX Small Cap
$0.0200 +2.6%
Updated 26 Mar 2026 · Scores refresh every scan
⚠ Funding Risk — Cash runway under 4 quarters. Capital raise or funding may be required.
Appeared in 2 consecutive scans→ Score -3First seen: 2026-02-25
Score Breakdown
Technical47
Catalyst51
Sentiment50
Fundamental53
Momentum32
Risk Gate27
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Active Signals
Bullish Signals
- RSI drifting toward oversold territory — worth watching
- MACD momentum is picking up steam
- Volume surging at 4.3x normal while price falls — heavy selling pressure
- Low cash runway (3 quarters) - dilution risk
- 4C filed 2026-01-27
- Very high P/S ratio (124.0x)
- Revenue in sharp decline (-99%)
- Near 52-week low (2% of range)
- Micro-cap ($5-20M) - high risk
- CANSLIM A: Turned profitable
- CANSLIM S: Tight float (33%)
- CANSLIM I: Institutional ownership (60%)
- Turned profitable (NPAT positive from results)
- Sentiment is mixed — no strong consensus either way
- Altman Z-Score distress zone (1.48 < 1.81, low-confidence approx)
- Low-priced stock risk ($0.020)
- Liquidity risk: 8 zero-volume days in last 20
- Commodity (Iron Ore): 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 44% over the past year
- Revenue declining at -99% — the top line is shrinking
- The bigger volume days are the down days — volume-weighted momentum is negative (-1.18%/day)
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts
NONE Mulgathing Project - Irria Prospect Update
NONE Half Year Report to 31 December 2025
NONE Central Eyre Iron Project Impairment Charge
MEDIUM Mulgathing Project Heavy Mineral Sands Drilling Results
Recent ASX Announcements
| 2026-03-03 | Mulgathing Project - Irria Prospect Update |
| 2026-03-03 | Half Year Report to 31 December 2025 |
| 2026-02-25 | Mulgathing Project Heavy Mineral Sands Drilling Results PRICE SENSITIVE |
| 2026-02-19 | Central Eyre Iron Project Impairment Charge PRICE SENSITIVE |
| 2026-01-27 | Quarterly Activities and Cashflow Report 31 December 2025 PRICE SENSITIVE |
Key Metrics
$16.6M
Market Cap
77K
Avg Volume
4.3x
Vol Ratio
$0.02 — $0.06
52-Week Range
N/A
Short Interest
3 qtrs
Cash Runway
-110.0%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | improving | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | pass | Float: 33% |
| L | Leader vs Laggard | laggard | RS: -4 |
| I | Institutional Sponsorship | pass | Inst: 60% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #527 of 558 · Sector avg: 46
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