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Potential Buy Entry Alert to Watch MCR
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $196.42 Million Market Cap, VWAP 0.68, ASX Ranking 581, 4 Week Av Turnover $402,224, Current Turnover (Intraday as at time of alert) $123,966.
Company Overview : Mincor Resources NL (MCR) is a mining company focusing on nickel and base metals. MCR is focused on exploration in the Kambalda District of Western Australia. MCR also has other projects located throughout Australia. Total ore production for the year ended June 2016 was 87,228t @ 2.91% Ni.
Broker Consensus : Not covered my a major broker
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MCR – Mincor Resources
MCR is set to run up to new highs as buyers have put in the ground work and supported higher levels. We are now watching for further confirmation that a move up is underway in the form of a higher low for the buy entry setup.
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Stock Code : MCR – Mincor Resources
Company Website : www.mincor.com.au
Current Price : 0.685
Status : On watch for potential higher low and push up through 0.74
