MAY
MELBANA FPO [MAY]
Energy · ASX Small Cap
$0.0080 +14.3%
Updated 26 Mar 2026 · Scores refresh every scan
Score Breakdown
Technical71
Catalyst50
Sentiment50
Fundamental70
Momentum42
Risk Gate35
Get alerts when MAY's score changes
Free watchlist with daily scans for 2,200+ ASX stocks
Active Signals
Bullish Signals
- Stochastic just turned bullish from a low level — early reversal sign
- On a tear — up 14.3% over the last 5 days
- Beating the Small Ords index — relative strength of 1.12, so it's outpacing the pack
- Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
- Adequate cash runway (6 quarters)
- 4C filed 2026-01-28
- Pre-revenue with limited cash
- Near 52-week low (10% of range)
- Small-cap ($20-100M)
- CANSLIM A: Turned profitable
- Sentiment is mixed — no strong consensus either way
- This one has been in freefall — down 68% over the past year
- The bigger volume days are the up days — volume-weighted momentum is positive (2.11%/day)
- Pre-revenue company — Altman Z-Score not applicable
- Penny stock risk ($0.008)
- Commodity (Crude Oil): strong_up (+5pts)
- RBA hiking (-3pts)
Risk Signals
- 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
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
Ask Scout AI about MAY
3 free messages/day · Unlimited with Pro
Recent Catalysts
NONE Half Year Financial Report 31 December 2025
NONE Quarterly Activities Report and Appendix 5B 31 December 2025
Recent ASX Announcements
| 2026-03-06 | Half Year Financial Report 31 December 2025 |
| 2026-01-28 | Quarterly Activities Report and Appendix 5B 31 December 2025 PRICE SENSITIVE |
Key Metrics
$30.3M
Market Cap
4.2M
Avg Volume
0.5x
Vol Ratio
$0.01 — $0.04
52-Week Range
0.1%
Short Interest
6 qtrs
Cash Runway
-6.7%
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 | neutral | Float: 76% |
| L | Leader vs Laggard | laggard | RS: 0 |
| I | Institutional Sponsorship | weak | Inst: 0% |
| M | Market Direction | neutral | Neutral |
Sector: Energy
Ranked #44 of 77 · Sector avg: 49
View all Energy signals →Track MAY and 2,200+ ASX stocks
Get free access to Scout's AI-powered dashboard with daily scans, watchlist alerts, and conviction scoring for every ASX small cap.
No credit card required