Buyers are in a prime position to start the march higher

Potential Buy Entry Alert SLR

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $243.8 Million Market Cap, VWAP 0.49, ASX Ranking 509, 4 Week Av Turnover $393,790, Current Turnover (Intraday) $279,286, PE 15.

Company Overview : Silver Lake Resources Limited (SLR) is a gold producing and exploration company with resources in the prospective regions in Western Australia. The flagship projects are Mount Monger, Murchison and Great Southern Projects.

Broker Consensus : BUY

 

SLR – Silver Lake Resources Limited

SLR is in a prime position for longer term buyers to step in and give price a nudge higher. We are now watching for a kick up followed by a higher low on the daily to build the evidence that the buyers are starting to make their move.

 

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakereasources.com.au

Current Price : 0.505

Status : On watch for a buy entry setup