OCN

OCEANA FPO [OCN]

Oceana Metals Limited engages in lithium pegmatite discovery and exploration in Brazil and Australia. The company holds 100% interests in the Solonopole lithium project that consists of 10 exploration permits covering approximately 124 square kilometers located in Brazil; and the Napperby lithium project, which include a granted exploration license covering an area of approximately 650 square kilometers and an exploration license application covering an area of approximately 512 square kilometres located in Northern Territory, Australia. It also holds a 100% interest in the Bangemall base metals project covering an area of approximately 93 square kilometers situated in Bangemall Basin, Western Australia. The company was formerly known as Oceana Lithium Limited and changed its name to Oceana Metals Limited in December 2025. Oceana Metals Limited was incorporated in 2021 and is based in West Perth, Australia.

Basic Materials · ASX Small Cap

$0.4000 +1.3%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-04-28

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Active Signals

Bullish Signals

Smart money may be accumulating — volume is flowing in even though price hasn't moved yet
Drifting lower — down 5.9% over the last 5 days
Beating the Small Ords index — relative strength of 1.12, so it's outpacing the pack
Trading above the 200-day average — the long-term trend is on your side
Strong cash runway (20 quarters)
4C filed 2026-07-29
Very high P/S ratio (38888.3x)
Moderate revenue growth (+15%)
Small-cap ($20-100M)
CANSLIM S: Tight float (35%)
Sentiment is mixed — no strong consensus either way
Strong long-term momentum — up 115% over the past year (excluding last month)
Excellent risk-adjusted returns — Sharpe of 1.5 means strong gains without wild swings
The bigger volume days are the up days — volume-weighted momentum is positive (0.58%/day)
Altman Z-Score grey zone (1.81, low-confidence approx)
AUD/USD strong (-2pts)
RBA hiking (-3pts)

Risk Signals

MACD crossed bearish — momentum is fading
Not enough chatter to gauge sentiment — defaulting to neutral

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Recent Catalysts

NONE Diggers and Dealers Presentation August 2026

NONE Quarterly Activities/Appendix 5B Cash Flow Report

NONE Change of Director's Interest Notice x 3

Recent ASX Announcements

2026-08-02	Diggers and Dealers Presentation August 2026
2026-07-29	Quarterly Activities/Appendix 5B Cash Flow Report PRICE SENSITIVE
2026-07-16	Change of Director's Interest Notice x 3
2026-07-16	Application for quotation of securities - OCN
2026-07-16	Application for quotation of securities - OCN

Key Metrics

$93.0M

Market Cap

370K

Avg Volume

1.0x

Vol Ratio

$0.07 — $0.73

52-Week Range

N/A

Short Interest

20 qtrs

Cash Runway

-12.1%

ROE

N/A

Profit Margin

CANSLIM Analysis

	Factor	Rating	Detail
C	Current EPS	neutral	EPS Growth: 0%
A	Annual Earnings	insufficient_data	CAGR: 0%
N	New Highs / Catalysts	neutral
S	Supply & Demand	pass	Float: 35%
L	Leader vs Laggard	laggard	RS: -10
I	Institutional Sponsorship	insufficient_data	Inst: 0%
M	Market Direction	neutral	Neutral