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TNC.AX

STRONG SELLREMOVE

True North Copper Limited · Basic Materials · Australia · $54M · Avg Vol: $71K/d

9
StockRank
Q
22
V
32
M
32
P/E (TTM)
0.2x
ROE
-47.6%
D/E
—
Dividend %
—
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

True North Copper is a micro-cap copper explorer/developer. While it aligns with our Commodity Supercycle theme, its micro-cap status, lack of cash flow, and high execution risk make it an unsuitable vehicle for a concentrated, quality-focused fund.

COMPANY DESCRIPTION

True North Copper Limited is an Australian copper and gold producer and explorer with core assets in the tier-one jurisdiction of Queensland. The company's portfolio includes the Cloncurry Copper Project and the Mt Oxide Project, both featuring significant historical resources and processing infrastructure. True North Copper positions itself as a near-term producer leveraging existing infrastructure to rapidly scale copper production for the green energy transition.

FINANCIAL SUMMARY (USD)

Year20212022202320242025CAGR
Revenue——1.0M1.7M—59.5%
EPS—-0.01-0.04-0.10-0.02—
Shares—155.4M155.4M155.4M155.4M0.0%
Debt—0.8M0.6M0.3M18.1M181.9%
Equity—11.1M12.6M20.7M31.8M42.3%
Op CF——————
Inv CF—-3.6M-4.2M-26.7M-19.9M—
Fin CF—8.0M4.4M32.8M45.0M—
Loading...
PRICE (1Y)+3.5%
0.280.300.320.330.35May 8May 29Jun 19
SMA 50SMA 200
Close
$0.31
RSI (14)
39.2
52W High
$0.53
From 52W High
0.6%

SCORE BREAKDOWN

Quality
22
ROIC (ROA)
-15.9%*16.3
ROE
-47.6%9.0
GP/Assets
-2.9%3.9
Op. Margin
-4018.5%2.3
FCF/Assets
-33.8%9.1
Piotroski
237.5
Int. Cover
—N/A
D/E Ratio
—N/A
Current Ratio
8.77x87.2
Value
32
P/E (TTM)
0.2x25.0
EV/EBITDA
-2.0x25.0
P/FCF
—N/A
P/B
0.8x83.4
P/S
103.1x5.9
Div Yield
—N/A
Momentum
32
52W High %
58%31.3
RS 6M
-15%48.3
SMA 50/200
1.01x41.8
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
-95%2.7
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$54M
P/E (Forward)
4.6x
Gross Margin
0.0%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of TNC.AX are excluded.

TickerCompanyMkt CapStockRankSignal
TNC.AXTrue North Copper Limited(you)$54M9STRONG SELL
CVV.AXCaravel Minerals Limited$106M3STRONG SELL
CYM.AXCyprium Metals Limited$150M17STRONG SELL
GRX.WAGreenX Metals Limited$210M11STRONG SELL
AR1.AXAustral Resources Australia Ltd$136M26SELL
WA1.AXWA1 Resources Ltd$650M13STRONG SELL
HCH.AXHot Chili Limited$302M37HOLD
HGO.AXHillgrove Resources Limited$133M58HOLD
AVL.AXAustralian Vanadium Limited$54M10STRONG SELL
HAS.AXHastings Technology Metals Limited$52M8STRONG SELL

Peer medians: ROE -8.6% · P/E 14.0x · Gross margin 34.7%

True North Copper Limited (TNC.AX) — Stock Score Summary

True North Copper Limited (TNC.AX) has a MoatMap StockRank of 9/100 based on Quality (22/100), Value (32/100), and Momentum (32/100) factor scores. The current signal is STRONG SELL. True North Copper is a micro-cap copper explorer/developer. While it aligns with our Commodity Supercycle theme, its micro-cap status, lack of cash flow, and high execution risk make it an unsuitable vehicle for a concentrated, quality-focused fund.

True North Copper Limited is an Australian copper and gold producer and explorer with core assets in the tier-one jurisdiction of Queensland. The company's portfolio includes the Cloncurry Copper Project and the Mt Oxide Project, both featuring significant historical resources and processing infrastructure. True North Copper positions itself as a near-term producer leveraging existing infrastructure to rapidly scale copper production for the green energy transition.

Key Financial Metrics

Price$0.31
Market Cap$54M
P/E (TTM)0.23
P/E (Forward)4.64
Price/Book0.77
Return on Equity-47.6%
Gross Margin0.0%
Operating Margin-4018.5%
Revenue Growth-100.0%
Free Cash Flow$-27M

True North Copper Limited operates in the Copper industry, part of the Basic Materials sector (Australia).

Frequently Asked Questions

What is True North Copper Limited’s (TNC.AX) StockRank?
MoatMap’s StockRank for True North Copper Limited (TNC.AX) is 9/100, with a Strong Sell signal. It is a composite of Quality (22), Value (32), and Momentum (32) factor ranks across MoatMap’s 20,000+ stock universe.
Does True North Copper Limited have an economic moat?
True North Copper Limited (TNC.AX) has a Quality factor score of 22/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is True North Copper Limited a buy, hold, or sell?
MoatMap’s current signal for True North Copper Limited (TNC.AX) is Strong Sell, based on a StockRank of 9/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is True North Copper Limited in?
True North Copper Limited (TNC.AX) operates in the Basic Materials sector, specifically the Copper industry (Australia).
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