54MEDIUM

STX

STRIKE ENE FPO [STX]
Strike Energy Limited, an independent gas producer, explores for and develops oil and gas resources in Australia. Its flagship project is the Greater Erregulla Permian gas field, which includes the West and South Erregulla projects located in Perth basin. The company was formerly known as Strike Oil Limited and changed its name to Strike Oil Limited in December 2009. The company was incorporated in 1997 and is based in West Perth, Australia.
Energy · ASX Small Cap
$0.1020 +3.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical65
Catalyst51
Sentiment50
Fundamental87
Momentum40
Risk Gate41
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Active Signals

Bullish Signals

  • Volume surging at 2.7x normal while price climbs — real buying conviction behind this move
  • Beating the Small Ords index — relative strength of 1.17, so it's outpacing the pack
  • Cash positive / operating cashflow positive
  • Moderate P/S ratio (5.0x)
  • EPS estimates revised upward (+10pts)
  • Near 52-week low (8% of range)
  • Director buying detected (1 transactions)
  • Short covering detected (-2.2% in 5d)
  • Sentiment is mixed — no strong consensus either way
  • Altman Z-Score grey zone (2.40, low-confidence approx)
  • Beneish M-Score -2.00 (grey zone -2.22 to -1.78): possible earnings manipulation
  • 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
  • Deeply negative margins (-211%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 41% over the past year
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Joint Company Secretary Appointment
NONE Appendix 3Y - N Power
NONE West Erregulla and Erregulla Deep Reserves and Resources
LOW 2026 Euroz Rottnest Conference

Recent ASX Announcements

2026-03-25 Joint Company Secretary Appointment
2026-03-25 Appendix 3Y - N Power
2026-03-18 2026 Euroz Rottnest Conference
2026-03-17 West Erregulla and Erregulla Deep Reserves and Resources PRICE SENSITIVE
2026-03-15 South Erregulla Power Project Update PRICE SENSITIVE

Key Metrics

$367.1M
Market Cap
15.4M
Avg Volume
2.7x
Vol Ratio
$0.09 — $0.20
52-Week Range
1.2%
Short Interest
N/A
Cash Runway
-38.1%
ROE
-211.4%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 69%
LLeader vs LaggardlaggardRS: -1
IInstitutional SponsorshipweakInst: 6%
MMarket DirectionneutralNeutral

Sector: Energy

Ranked #16 of 77 · Sector avg: 49

View all Energy signals →
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