SPN
SPARC TECH FPO [SPN]
Basic Materials · ASX Small Cap
$0.2100 +10.5%
Updated 26 Mar 2026 · Scores refresh every scan
Appeared in 2 consecutive scans→ Score +16First seen: 2026-02-25
Score Breakdown
Technical87
Catalyst50
Sentiment50
Fundamental26
Momentum58
Risk Gate50
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Active Signals
Bullish Signals
- MACD momentum is picking up steam
- Volume surging at 3.5x normal while price climbs — real buying conviction behind this move
- On a tear — up 23.5% 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
- Volatility is expanding fast — choppy price action, so buckle up
- Trading above the 200-day average — the long-term trend is on your side
- Low cash runway (4 quarters) - dilution risk
- Revenue in sharp decline (-88%)
- Small-cap ($20-100M)
- Sentiment is mixed — no strong consensus either way
- Positive long-term momentum — up 27% over the past year
- The bigger volume days are the up days — volume-weighted momentum is positive (1.85%/day)
- RBA hiking (-3pts)
Risk Signals
- Piotroski F-Score weak (3/9, low-confidence approx)
- Deeply negative margins (-285%)
- Not enough chatter to gauge sentiment — defaulting to neutral
- Revenue declining at -88% — the top line is shrinking
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
- Sentiment trap: strong technicals but weak fundamentals
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Recent Catalysts
NONE Sparc Receives $680K R&D Tax Advance
NONE Sparc & HydroGraph Collaborate on Graphene Enhanced Coatings
NONE Sparc Lists on Frankfurt Stock Exchange
Recent ASX Announcements
| 2026-03-24 | Sparc Receives $680K R&D Tax Advance PRICE SENSITIVE |
| 2026-03-23 | Sparc & HydroGraph Collaborate on Graphene Enhanced Coatings PRICE SENSITIVE |
| 2026-03-18 | Sparc Lists on Frankfurt Stock Exchange |
| 2026-03-02 | Notification of cessation of securities - SPN |
| 2026-02-26 | Appendix 4D and Half Yearly Report and Accounts PRICE SENSITIVE |
Key Metrics
$24.2M
Market Cap
137K
Avg Volume
3.5x
Vol Ratio
$0.14 — $0.25
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-129.8%
ROE
-285.2%
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | neutral | Float: 74% |
| L | Leader vs Laggard | pass | RS: 3 |
| I | Institutional Sponsorship | weak | Inst: 7% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #373 of 558 · Sector avg: 46
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