VAR
VARISCAN FPO [VAR]
Basic Materials · ASX Small Cap
$0.0080 -11.1%
Updated 2026-03-02 · Scores refresh every scan
⚠ Funding Risk — Cash runway under 4 quarters. Capital raise or funding may be required.
Appeared in 2 consecutive scans→ Score -5First seen: 2026-02-25
Score Breakdown
Technical49
Catalyst50
Sentiment50
Fundamental37
Momentum60
Risk Gate35
Active Signals
Bullish Signals
- Bollinger squeeze (breakout building)
- Above-average volume (1.8x) on down day
- VPT accumulation divergence (bullish)
- Volatility contracting (breakout setup)
- Above 200-day MA (long-term uptrend)
- Low cash runway (2 quarters) - dilution risk
- 4C filed 2026-01-30
- Pre-revenue with limited cash
- Micro-cap ($5-20M) - high risk
- CANSLIM S: Tight float (32%)
- Pre-revenue company — Altman Z-Score not applicable
- Penny stock risk ($0.009)
- ASX200 bullish (+1.5% 5d)
- AUD/USD strong (-2pts)
- RBA cutting (+2pts)
- Geo stress elevated (-1pts, hurt)
Risk Signals
- MACD bearish crossover
- Stochastic bearish crossover (from high)
- Piotroski F-Score weak (3/9)
- Insufficient sentiment data (defaulting to neutral)
- Neutral/mixed sentiment
Recent Catalysts
NONE Status Update - Earn-in to Irish Zinc Assets
NONE Proposed Application for Quotation of Unlisted Options
NONE Notification regarding unquoted securities - VAR
Recent ASX Announcements
| 2026-03-01 | Status Update - Earn-in to Irish Zinc Assets PRICE SENSITIVE |
| 2026-02-27 | Proposed Application for Quotation of Unlisted Options |
| 2026-02-10 | Notification regarding unquoted securities - VAR |
| 2026-02-05 | Change of Board Composition |
| 2026-01-30 | Quarterly Activities/Appendix 5B Cash Flow Report PRICE SENSITIVE |
Key Metrics
$11.2M
Market Cap
1.0M
Avg Volume
1.8x
Vol Ratio
$0.00 — $0.01
52-Week Range
N/A
Short Interest
2 qtrs
Cash Runway
-9.1%
ROE
N/A
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 | pass | Float: 32% |
| L | Leader vs Laggard | pass | RS: 12 |
| I | Institutional Sponsorship | weak | Inst: 4% |
| M | Market Direction | pass | Bullish |
Sector: Basic Materials
Ranked #430 of 570 · Sector avg: 49
View all Basic Materials signals →