44LOW

VAR

VARISCAN FPO [VAR]
Variscan Mines Limited focuses on the acquisition, exploration, and development of mineral projects in Australia and Spain. The company explores for copper, gold, zinc, lead, and uranium deposits. Its flagship project is the Novales-Udias project located in the Basque-Cantabrian Basin. The company was formerly known as PlatSearch NL and changed its name to Variscan Mines Limited in January 2014. Variscan Mines Limited was incorporated in 1987 and is based in Perth, Australia.
Basic Materials · ASX Small Cap
$0.0070 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Appeared in 2 consecutive scans→ Score +20First seen: 2026-02-25

Score Breakdown

Technical74
Catalyst51
Sentiment50
Fundamental33
Momentum75
Risk Gate25
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Volume surging at 24.3x normal while price climbs — real buying conviction behind this move
  • Smart money may be accumulating — volume is flowing in even though price hasn't moved yet
  • On a tear — up 16.7% over the last 5 days
  • Lagging the Small Ords index — relative strength of 0.87, underperforming its peers
  • 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 (3 quarters) - dilution risk
  • Pre-revenue with limited cash
  • Micro-cap ($5-20M) - high risk
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 80% over the past year (excluding last month)
  • The bigger volume days are the up days — volume-weighted momentum is positive (3.62%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Penny stock risk ($0.007)
  • Liquidity risk: 6 zero-volume days in last 20
  • RBA hiking (-3pts)

Risk Signals

  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE San Jose Mine Restart Study
NONE Chalice Earn-In with Red Metal at Callabonna
NONE Half Year Accounts

Recent ASX Announcements

2026-03-24 San Jose Mine Restart Study PRICE SENSITIVE
2026-03-17 Chalice Earn-In with Red Metal at Callabonna PRICE SENSITIVE
2026-03-16 Half Year Accounts
2026-03-15 Reinstatement to Quotation PRICE SENSITIVE
2026-03-15 Supreme Court Orders Granted PRICE SENSITIVE

Key Metrics

$8.7M
Market Cap
2.8M
Avg Volume
24.3x
Vol Ratio
$0.00 — $0.01
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-8.7%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 52%
LLeader vs LaggardpassRS: 6
IInstitutional SponsorshipweakInst: 4%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #358 of 558 · Sector avg: 46

View all Basic Materials signals →
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