Buyers are set to step back into the action for a move up

Potential Buy Entry Alert GOR

 

Time Frame : Weekly

Sector : Materials/Basic Materials

Key Stats : $644.96 Million Market Cap, VWAP 0.725, ASX Ranking 299, 4 Week Av Turnover $650,239, PE Ratio 2.8.

Company Overview : Gold Road Resources Limited (GOR) is a gold exploration company which owns tenements covering over 5,000sqkm of the Yamarna greenstone belt in Western Australia. GOR currently develops three project areas, namely, Gruyere, Attila Trend and Central Bore Trend.

 

GOR – Gold Road Resources Limited

GOR has been retreating from the highs since April and we see the current price as a prime position for buyers to start stepping back into the action. We are now watching for a kick higher and then a higher low for further confirmation of buying pressure.

 

Stock Code : GOR – Gold Road Reources Limited

Company Website : www.goldroad.com.au

Current Price : 0.722

Status : On watch for a buy entry setup