FAU.AX First Au Limited (ASX) down 11.11% at close: earnings due 29 Jan, liquidity the focus
FAU.AX stock closed the ASX session on 23 Jan 2026 at A$0.008, down 11.11% on heavy turnover of 30,926,480 shares. The move precedes First Au Limited’s earnings announcement due 29 Jan 2026, and market attention is on cash runway, drilling news from the Gimlet project, and near-term funding. We examine headline numbers, valuation metrics, and the catalysts likely to shape the report. This earnings spotlight links the company’s financials to price action and trading flows ahead of results.
Earnings context for FAU.AX stock
First Au Limited (FAU.AX) reports results on 29 Jan 2026, a key date for a small-cap gold explorer. Investors will watch operating cash flow, exploration spend, and any updates on the Gimlet, Victoria Gold, and Mabel Creek projects. The company shows EPS -0.01 and a negative P/E, signaling ongoing losses. Drill results or clarification on funding plans are the likely short-term price drivers for FAU.AX stock
Balance sheet, ratios and market snapshot
At close the stock price was A$0.008 with market cap A$20,971,878 and 2,621,484,707 shares outstanding. Key ratios include current ratio 1.55, price/book 7.44, and reported price average 50-day A$0.00745. Net income per share is -0.000341, and cash per share is 0.000182. These metrics show low absolute cash per share and a high price/book against peers, a common feature for junior explorers. Sector context: Basic Materials peers have higher avg PB but larger scale, which affects FAU.AX stock valuation.
Meyka AI grade and analyst context
Meyka AI rates FAU.AX with a score out of 100: 63.57, Grade B, Suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Independent ratings show weak profitability metrics but some operational progress. Note these grades are informational and not investment advice.
Earnings catalysts, risks and near-term drivers
Catalysts ahead of the report include drill assay releases from Gimlet and management commentary on financing. Key risks are continued operating losses, dilution risk for shareholders, and commodity price swings. First Au operates in the Gold industry where discovery news can sharply re-rate small caps. For FAU.AX stock, liquidity is also relevant: today’s relVolume 10.01 indicates outsized trading relative to the 50-day average.
Technical picture and trading flow for FAU.AX stock
Technicals show neutral momentum: RSI 47.08 and ADX 14.64, indicating no clear trend. Price averaged A$0.00745 over 50 days and A$0.00588 over 200 days, so the stock sits above the long-term mean. On-balance volume stands at 1,993,515 and volatility is high for the share size. Traders should expect volatile intraday moves around any earnings detail or drill update.
Forecasts, price targets and scenario planning
Meyka AI’s forecast model projects monthly A$0.010, yearly A$0.01166, and a three-year target A$0.02162. Versus the current A$0.008, the 12-month forecast implies an upside of 45.72%. Scenario price targets we use for planning: conservative A$0.005, base A$0.010, and bull A$0.030. These targets factor in exploration upside, dilution risk, and sector volatility. Forecasts are model-based projections and not guarantees.
Final Thoughts
Key takeaways: FAU.AX stock closed the ASX session on 23 Jan 2026 at A$0.008, down 11.11%, with high volume of 30,926,480 shares as traders reposition ahead of the 29 Jan 2026 earnings release. The balance sheet shows limited cash per share and a stretched price/book, so the company’s commentary on funding and drill progress will determine reaction size. Meyka AI’s forecast model projects A$0.01166 in 12 months, an implied upside of 45.72% versus today’s price. Our scenario targets run from A$0.005 (conservative) to A$0.030 (bull). Investors should weigh discovery potential against dilution and continued negative EPS. Meyka AI provides this AI-powered market analysis platform data to help frame the risks and possible rewards, but forecasts are model-based projections and not guarantees.
FAQs
When does First Au Limited report earnings and why does it matter for FAU.AX stock?
First Au Limited is due to announce results on 29 Jan 2026. The report matters because it will detail cash position, exploration spend, and drill results that directly affect FAU.AX stock volatility and funding outlook.
What valuation metrics should investors watch for FAU.AX stock?
Watch cash per share (A$0.00018), current ratio (1.55), price/book (7.44), and EPS (-0.01). These metrics highlight liquidity and the company’s reliance on capital markets.
What price targets and forecast does Meyka AI provide for FAU.AX stock?
Meyka AI’s model projects A$0.01166 in 12 months, implying about 45.72% upside from A$0.008. Scenario targets used: conservative A$0.005, base A$0.010, bull A$0.030.
What are the main risks investors face with FAU.AX stock?
Primary risks include continued negative earnings, dilution through capital raises, and exploration results that fail to meet market expectations. Commodity price swings add further volatility for FAU.AX stock.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
