Action heats up as buyers are on the move higher after positive news

Potential Buy Entry Alert to Watch RVR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $107.79 Million Market Cap, VWAP 0.225, ASX Ranking 725, 4 Week Av Turnover $670,521, Current Turnover (Intraday as at time of alert) $369,488.

Company Overview : Red River Resources Limited (RVR) is a mineral exploration Company having primary operations at the Thalanga project, which is located approximately 60km west of Charters Towers in Central Qld, and 200km SW of Townsville.

Broker Consensus : BUY


RVR – Red River Resources Limited

RVR action is heating up as buyers get active on the back of some positive news recently. With a solid quarterly report and on the 15th and production news on 8th April, interest is picking up which could see the start of a strong move up. We are now watching for further confirmation of buying interest with a higher low around 0.20.

Stock Code : RVR – Red River Resources Limited

Company Website : www.redriverresources.com.au

Current Price : 0.23

Status : On watch for potential higher low and move through 0.40