49LOW

TNC

TRUENORTH FPO [TNC]
True North Copper Limited engages in mineral exploration and development activities in Australia. The company primarily explores for copper, cobalt, gold, and silver deposits. It holds 100% interests in the Cloncurry project located near Cloncurry, Northwest Queensland; and Mount Oxide project located in North-West Queensland, as well as the Bundarra project located in Central Queensland. The company was incorporated in 2006 and is based in Cloncurry, Australia.
Basic Materials · ASX Small Cap
$0.3850 -3.8%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical54
Catalyst55
Sentiment50
Fundamental32
Momentum64
Risk Gate42
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • On a tear — up 13.2% over the last 5 days
  • Lagging the Small Ords index — relative strength of 0.83, underperforming its peers
  • Low cash runway (3 quarters) - dilution risk
  • Very high P/S ratio (88.2x)
  • Revenue in sharp decline (-100%)
  • EPS estimates revised downward (-10pts)
  • Small-cap ($20-100M)
  • CANSLIM S: Tight float (39%)
  • CANSLIM I: Institutional ownership (12%)
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 60% over the past year (excluding last month)
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.46%/day)
  • Altman Z-Score distress zone (0.98 < 1.81, low-confidence approx)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Revenue declining at -100% — the top line is shrinking
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE TNC Secures a $250k Grant to Accelerate Mt Oxide Discovery
NONE Wynberg Gold Resource Highlights Regional Cu-Au Targets
NONE TNC approves Employee Performance & Equity Incentive Policy
LOW TNC to represent Queensland at PDAC - Investor Presentation
Announcement tone +5pts

Recent ASX Announcements

2026-03-23 TNC Secures a $250k Grant to Accelerate Mt Oxide Discovery
2026-03-16 Wynberg Gold Resource Highlights Regional Cu-Au Targets PRICE SENSITIVE
2026-03-13 TNC approves Employee Performance & Equity Incentive Policy
2026-03-09 Half Year Accounts
2026-03-02 TNC to represent Queensland at PDAC - Investor Presentation

Key Metrics

$58.7M
Market Cap
454K
Avg Volume
1.1x
Vol Ratio
$0.14 — $0.76
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-47.6%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSneutralEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 39%
LLeader vs LaggardlaggardRS: -4
IInstitutional SponsorshippassInst: 12%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #217 of 558 · Sector avg: 46

View all Basic Materials signals →
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Compare:TNC vs SLSTNC vs CUFTNC vs ELV
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