A Speccy ready to run as buyers step up the pressure

Potential Buy Entry Alert to Watch MQR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $5.13 Million Market Cap, VWAP 0.135, ASX Ranking 1972, 4 Week Av Turnover $73,143, Current Turnover (Intraday as at time of alert) $73,466.

Company Overview : Marquee Resources Limited (MQR) is mainly focus on mineral exploration of resource. MQR is currently focusses on Canadian exploration projects: Werner Lake, Warner Lake East/West and Skeleton Lake and Clayton Valley Basin in US.

Broker Consensus : Not covered by a major broker

MQR – Marquee Resources Limited

MQR is a Speccy who have recently moved into Rare Earths with the acquisition of Redlings Rare Earths Project in WA 150Km East of Lynas’s Mt Weld Project. We can see that the buying activity has increased over the previous month and price is holding up nicely. We expect that there is a lot more upside to come as this project comes on the radar of more spec lovers. Watching now for a higher low to hold on increased volume for the buy entry.

Stock Code : MQR – Marquee Resources Limited

Company Website : www.marqueeresources.com.au

Current Price : 0.13

Status : On watch for potential higher low and push up through 0.15