Buyers ready and building for a charge into new highs

New Buy Entry Alert PRU

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $893.51 Million Market Cap, VWAP 0.77, ASX Ranking 267, 4 Week Av Turnover $4,025,870, Current Turnover (Intraday as at time of alert) $1,064,207.

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

PRU has spent a lot of time building and holding support around 0.67 with longer term buyers set to join in the action if price breaks out to new highs. We are happy to buy on a push up through 0.805 with a Stop Loss at 0.70. If price falls below 0.70 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : PRU – Perseus Mining Limited

Company Website : www.perseusmining.com

Current Price : 0.775

New Potential Buy Entry (Trigger Level) : 0.805

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.70

Status : On watch for Buy Entry Trigger