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Potential Buy Entry Alert to Watch GOR
Trading Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $953.59 Million Market Cap, VWAP 1.14, ASX Ranking 262, 4 Week Av Turnover $3,690,418, Current Turnover (Intraday as at time of alert) $2,418,943 (12:46am).
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 WA. The Company currently develops project areas, namely, Gruyere and the Golden Highway.
Broker Consensus : BUY
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GOR – Gold Road Resources Limited
GOR is released some positive news today which triggered buyers to step in to the action. Price is putting in the groundwork to hold above 1.00 and build for a move up to test the highs. We are now watching the 1.20 zone for a break and lift in volume to support the move. From there, watching for the first pullback to be supported for an opportunity to jump on board.
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Stock Code : GOR – Gold Road Resources Limited
Company Website : www.goldroad.com.au
Current Price : 1.17
Status : On watch for potential higher low and push up through 1.60
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