Buyers happy to push price higher on this gold stock

Potential Buy Entry Alert to Watch PRU

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $409.76 Million Market Cap, VWAP 0.405, ASX Ranking 396, 4 Week Av Turnover $1,274,019, Current Turnover (Intraday as at time of alert) $1,156,610.

Company Overview : Perseus Mining Limited (PRU) is engaged in mining operations and the sale of gold, mineral exploration and gold project evaluation and development in Republics of Ghana and Cote d’Ivoire, in West Africa. Currently, PRU is focused on its two key projects, the Edikan Gold Mine (EGM) in Ghana and the Sissingue Gold Project (SGP) in Cote d’Ivoire.

Broker Consensus : BUY

PRU – Perseus Mining Limited

Buyers are happy to hold higher levels in PRU as they eye off new highs. Long term buyers have been busy building the foundations to launch a new rally that should push price up and out of the current contractive price action. We see the 0.45 as key now and a break of this will signal to us that buyers are on the move and to start to watch closely for the entry setup.

Stock Code : PRU – Perseus Mining Limited

Company Website : www.perseusmining.com

Current Price : 0.41

Status : On watch for potential higher low and buy opportunity