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Potential Buy Entry Alert to Watch TER
Time Frame : Daily/Weekly
Sector : Energy/Basic Materials
Key Stats : $246.13 Million Market Cap, VWAP 0.61, ASX Ranking 507, 4 Week Av Turnover $161,108, Current Turnover (Intraday as at time of alert) $204,116.
Company Overview : TerraCom Limited (TER, formerly Guildford Coal Limited) is a new miner with a portfolio of projects in the coal bearing regions of Mongolia, Central Asia and Queensland, Australia. TerraCom’s subsidiary in Mongolia, Terra Energy, has 2 projects located in the coal bearing regions of the South Gobi and Middle Gobi.
Broker Consensus : BUY
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TER – Terracom Limited
TER buyers are putting in the groundwork to build a move up into new highs. We see the potential for buyers to continue to hold higher levels and push price up through 0.65 where we will be watching closely for a higher low and buy entry.
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Stock Code : TER – Terracom Limited
Company Website : www.terracomresources.com
Current Price : 0.63
Status : On watch for potential higher low and push up through 0.80
