TNC

TRUENORTH FPO [TNC]
True North Copper Limited engages in mineral exploration and development activities in Australia. It primarily explores copper, cobalt, gold, and silver deposits. The company holds 100% interest in the Cloncurry project located near Cloncurry, Northwest Queensland; and Mount Oxide project located in North-West Queensland. The company was incorporated in 2006 and is based in Cloncurry, Australia.
Basic Materials · ASX Small Cap
$0.3800 +2.7%

Updated 23 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • MACD momentum is losing steam
  • Stochastic is deep in oversold territory — bounce conditions forming
  • Drifting lower — down 5.0% over the last 5 days
  • Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Low cash runway (3 quarters) - dilution risk
  • Very high P/S ratio (87.6x)
  • Revenue in sharp decline (-100%)
  • EPS estimates revised downward (-10pts)
  • Small-cap ($20-100M)
  • CANSLIM S: Tight float (41%)
  • CANSLIM I: Institutional ownership (13%)
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 24% over the past year
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.30%/day)
  • Altman Z-Score distress zone (0.98 < 1.81, low-confidence approx)
  • RBA hiking (-3pts)
  • Calendar: Quarterly 4C in 8d (+5pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Revenue declining at -100% — the top line is shrinking
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Recent Catalysts

LOW TNC Noosa Investor Presentation - July 2026
NONE TNC divests Bundarra Copper Project and retains upside
NONE AusIMM Talk - Mt Oxide Discovery to Development
NONE TNC strengthens leadership as drilling advances Aquila

Recent ASX Announcements

2026-07-22 TNC Noosa Investor Presentation - July 2026
2026-07-19 TNC divests Bundarra Copper Project and retains upside PRICE SENSITIVE
2026-07-16 AusIMM Talk - Mt Oxide Discovery to Development
2026-07-07 TNC strengthens leadership as drilling advances Aquila
2026-07-01 TNC hits 25m @ 4.2% CuEq in new Wallace North structure PRICE SENSITIVE

Key Metrics

$58.3M
Market Cap
163K
Avg Volume
1.3x
Vol Ratio
$0.22 — $0.76
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-47.6%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSneutralEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 41%
LLeader vs LaggardlaggardRS: -10
IInstitutional SponsorshippassInst: 13%
MMarket DirectionneutralNeutral

Sector: Basic Materials

505 tickers in this sector

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