TGN
TUNGSTEN FPO [TGN]
Basic Materials · ASX Small Cap
$0.3050 +7.0%
Updated 3 Sep 2026 · Signals refresh every scan
Appeared in 2 consecutive scansFirst seen: 2026-03-23
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Active Signals
Bullish Signals
- MACD momentum is picking up steam
- Trading above both moving averages — the trend is your friend here
- Above-average volume (1.8x) on a green day — buyers stepping up
- Beating the Small Ords index — relative strength of 1.52, so it's outpacing the pack
- Volatility is expanding fast — choppy price action, so buckle up
- Trading above the 200-day average — the long-term trend is on your side
- Adequate cash runway (6 quarters)
- Very high P/S ratio (4818.1x)
- Revenue in sharp decline (-95%)
- New substantial holder(s) (1)
- Sentiment is mixed — no strong consensus either way
- Strong long-term momentum — up 105% over the past year (excluding last month)
- Excellent risk-adjusted returns — Sharpe of 1.9 means strong gains without wild swings
- The bigger volume days are the up days — volume-weighted momentum is positive (0.59%/day)
- AUD/USD strong (-2pts)
- RBA hiking (-3pts)
Risk Signals
- RSI is running hot — overbought territory, so expect some pullback risk
- Piotroski F-Score weak (3/9, low-confidence approx)
- Not enough chatter to gauge sentiment — defaulting to neutral
- Revenue declining at -95% — the top line is shrinking
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Recent Catalysts
NONE Mt Mulgine PFS confirms world-scale tungsten project
NONE Watershed Funding Strategy Advances - Debt Advisor Appointed
NONE Major Drilling Program to Advance Watershed Project
HIGH Becoming a substantial holder - Antelle
Recent ASX Announcements
| 2026-08-31 | Mt Mulgine PFS confirms world-scale tungsten project PRICE SENSITIVE |
| 2026-08-23 | Watershed Funding Strategy Advances - Debt Advisor Appointed PRICE SENSITIVE |
| 2026-08-10 | Major Drilling Program to Advance Watershed Project PRICE SENSITIVE |
| 2026-07-30 | Change of Director's Interest Notice - Law |
| 2026-07-30 | Becoming a substantial holder - Antelle |
Key Metrics
$411.9M
Market Cap
3.0M
Avg Volume
1.8x
Vol Ratio
$0.07 — $0.38
52-Week Range
0.0%
Short Interest
N/A
Cash Runway
-21.7%
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 | neutral | Float: 58% |
| L | Leader vs Laggard | pass | RS: 23 |
| I | Institutional Sponsorship | weak | Inst: 0% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
537 tickers in this sector
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