Buyers may be starting to step up and get involved in the action

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

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.

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