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Potential Buy Entry Alert to Watch AGG
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $660.14 Million Market Cap, VWAP 7.20, ASX Ranking 280, 4 Week Av Turnover $174,151, Current Turnover Intraday $132,101 (as at 3:58pm AEST).
Company Overview : AngloGold Ashanti Australia Limited (AGG) is a gold exploration, mining and marketing company. AGG holds a portfolio of 14 operations in nine countries. Its mines include differing ore-body types, located in key gold-producing regions around the world.
Broker Consensus : Not covered by a major broker
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AGG – AngloGold Ashanti Limited
AGG is a small gold explorer that is holding up very nicely with a major higher low around 5.00. It will be an aggressive trade as the volumes are very light but price has the potential to kick off hard up through to the $10 mark. We are now watching to see if price will pullback and hold above the moving averages as this will be a good sign that buyers are interested.
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Stock Code : AGG – AngloGold Ashanti Limited
Company Website : www.anglogoldashanti.com
Current Price : 7.26
Status : On watch for potential higher low and push up through 10.00
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