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
$0.0035 -12.5%

Updated 21 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • RSI is looking oversold — historically a spot where stocks tend to bounce
  • MACD momentum is losing steam
  • Stochastic is deep in oversold territory — bounce conditions forming
  • Volume surging at 56.2x normal while price falls — heavy selling pressure
  • Sitting near support — this level has held before and could attract buyers again
  • Took a hit — down 22.2% over the last 5 days
  • Lagging the Small Ords index — relative strength of 0.75, underperforming its peers
  • Low cash runway (3 quarters) - dilution risk
  • Pre-revenue with limited cash
  • Near 52-week low (11% of range)
  • Micro-cap ($5-20M) - high risk
  • Recent placement detected - dilution risk
  • CANSLIM S: Tight float (28%)
  • Sentiment is mixed — no strong consensus either way
  • Pre-revenue company — Altman Z-Score not applicable
  • Penny stock risk ($0.004)
  • RBA hiking (-3pts)

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
  • Piotroski F-Score weak (2/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • The bigger volume days are the down days — volume-weighted momentum is negative (-11.96%/day)
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Recent Catalysts

NONE Notification regarding unquoted securities - VAR
NONE Application for quotation of securities - VAR
NONE Cleansing Statement
MEDIUM Tranche 2 of $5 million Placement Completes

Recent ASX Announcements

2026-07-16 Notification regarding unquoted securities - VAR
2026-07-16 Application for quotation of securities - VAR
2026-07-16 Cleansing Statement
2026-07-16 Tranche 2 of $5 million Placement Completes PRICE SENSITIVE
2026-07-10 Results of Meeting

Key Metrics

$10.1M
Market Cap
1.7M
Avg Volume
56.2x
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 & DemandpassFloat: 28%
LLeader vs LaggardlaggardRS: -12
IInstitutional SponsorshipweakInst: 3%
MMarket DirectionneutralNeutral

Sector: Basic Materials

530 tickers in this sector

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