A miner on the move and building for a new leg higher

Potential Buy Entry Alert PNR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $244.71 Million Market Cap, VWAP 0.31, ASX Ranking 508, 4 Wk Av Turnover $275,250.

Company Overview : Pantoro Limited (PNR, formerly Pacific Niugini Limited) is a mining company focusing on exploration and development activities for gold, copper-gold and other base metals. PNR holds projects located in Western Australia and Papua New Guinea.


PNR –  Pantoro Limited

PNR is holding support after a contraction lower from highs around 0.38. We are now watching for evidence that buyers are jumping in to engineer a move up to new highs. We are now watching for the higher low to build the buy entry setup and continuation of the weekly move up.


Stock Code : PNR – Pantoro Limited

Company Website : www.pantoro.com.au

Current Price : 0.315

Status : On watch for buy entry setup