TEK

THORN TECH FPO [TEK]
Thorney Technologies Ltd invests in technology related companies. The company was formerly known as Australian Renewable Fuels Limited and changed its name to Thorney Technologies Ltd in December 2016. Thorney Technologies Ltd was founded in 2005 and is based in Melbourne, Australia.
Financial Services · ASX Small Cap
$0.0950 +0.0%

Updated 22 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • Volume surging at 8.5x normal while price falls — heavy selling pressure
  • Drifting lower — down 3.1% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.11, so it's outpacing the pack
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Strong cash runway (94 quarters)
  • Near 52-week low (13% of range)
  • Small-cap ($20-100M)
  • Earnings in sharp decline (-83% QoQ)
  • CANSLIM S: Tight float (50%)
  • CANSLIM I: Institutional ownership (43%)
  • Sentiment is mixed — no strong consensus either way
  • Liquidity risk: 7 zero-volume days in last 20
  • RBA hiking (-5pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Revenue declining (-13%)
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Post-earnings drift: negative surprise (SUE -10)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 31% over the past year
  • Earnings momentum has turned negative — worth checking what's behind it
  • Revenue declining at -13% — the top line is shrinking
  • The bigger volume days are the down days — volume-weighted momentum is negative (-0.35%/day)
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Recent Catalysts

NONE Update - Notification of buy-back - TEK
NONE Net Tangible Asset Backing June 2026 with commentary
NONE Change in substantial holding from TEK

Recent ASX Announcements

2026-07-20 Update - Notification of buy-back - TEK
2026-07-14 Net Tangible Asset Backing June 2026 with commentary
2026-07-08 Change in substantial holding from TEK
2026-07-02 Change in substantial holding from Thorney Holdings Pty Ltd
2026-06-30 Notification of cessation of securities - TEK

Key Metrics

$34.3M
Market Cap
194K
Avg Volume
8.5x
Vol Ratio
$0.09 — $0.14
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-12.2%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: -83%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 50%
LLeader vs LaggardlaggardRS: -2
IInstitutional SponsorshippassInst: 43%
MMarket DirectionneutralNeutral

Sector: Financial Services

99 tickers in this sector

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