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Potential Buy Entry Alert to Watch CMM
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $58.53 Million Market Cap, VWAP 0.074, ASX Ranking 985, 4 Week Av Turnover $54,321, Current Turnover (Intraday as at time of alert) $56,864.
Company Overview : Capricorn Metals Ltd (CMM, formerly Malagasy Minerals Limited is a gold company, which is well advanced to commence development of a new, large West Australian open pit mining project.
Broker Consensus : BUY
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CMM- Capricorn Metals Limited
CMM is showing signs that buyers are starting to get involved in the action looking to push price higher. They have recently done a capital raising for over $2M at 0.063 and also worked their way through some issues with the board of directors for a change of the guard. We like the longer term action and will keep this one on the radar for a pick up in buying activity and a move up through 10 cents.
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Stock Code : CMM – Capricorn Metals Limited
Company Website : www.capmetals.com.au
Current Price : 0.073
Status : On watch for potential higher low and push up through 0.10
