MAY
MELBANA FPO [MAY]
Energy · ASX Small Cap
$0.0080 +0.0%
Updated 2026-03-02 · Scores refresh every scan
Appeared in 2 consecutive scans→ Score +5First seen: 2026-02-25
Score Breakdown
Technical49
Catalyst50
Sentiment50
Fundamental69
Momentum37
Risk Gate35
Active Signals
Bullish Signals
- MACD bullish crossover
- Stochastic oversold
- Sustained volume spike (6.0x median) on DOWN trend
- Near support level (potential bounce)
- Volatility contracting (breakout setup)
- Adequate cash runway (6 quarters)
- 4C filed 2026-01-28
- Pre-revenue with limited cash
- Near 52-week low (8% of range)
- Small-cap ($20-100M)
- CANSLIM A: Turned profitable
- Severe 12-1 momentum decline (-69%)
- Pre-revenue company — Altman Z-Score not applicable
- Penny stock risk ($0.008)
- ASX200 bullish (+1.5% 5d)
- Commodity (Crude Oil): up (+5pts)
- AUD/USD strong (-2pts)
- RBA cutting (+2pts)
Risk Signals
- Price below MAs (downtrend)
- VPT distribution divergence (bearish)
- Below 200-day MA (long-term downtrend)
- Piotroski F-Score weak (3/9)
- Insufficient sentiment data (defaulting to neutral)
- Neutral/mixed sentiment
Recent Catalysts
NONE Quarterly Activities Report and Appendix 5B 31 December 2025
NONE Block 9 Activities
NONE Distribution Schedule - Options
Recent ASX Announcements
| 2026-01-28 | Quarterly Activities Report and Appendix 5B 31 December 2025 PRICE SENSITIVE |
| 2026-01-21 | Block 9 Activities |
| 2026-01-14 | Distribution Schedule - Options |
| 2026-01-14 | Top 20 Holders - Options |
| 2026-01-12 | Application for quotation of securities - MAY |
Key Metrics
$30.3M
Market Cap
1.6M
Avg Volume
6.0x
Vol Ratio
$0.01 — $0.04
52-Week Range
0.1%
Short Interest
6 qtrs
Cash Runway
-7.4%
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: -7 |
| I | Institutional Sponsorship | weak | Inst: 0% |
| M | Market Direction | pass | Bullish |
Sector: Energy
Ranked #30 of 73 · Sector avg: 53
View all Energy signals →