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Potential Buy Entry Alert to Watch AQG
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $446.43 Million Market Cap, VWAP 7.00, ASX Ranking 404, 4 Week Av Turnover $1,789,484, Current Turnover Intraday $2,518,862 (10:56am AEDT), PE 12.3, Div Yield 1.85%.
Company Overview : Alacer Gold Corp (AQG) is low-cost gold producer, with an 80% interest in the Copler Gold Mine in Turkey operated by Anagold Madencilik Sanayi ve Ticaret A.S, and the remaining 20% owned by Lidya Madencilik Sanayi ve Ticaret A.S.
Broker Consensus : Not covered by a major broker
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AQG – Alacer Gold Corp
AQG has recently fell away from the highs but is now in a prime zone to build for a new leg higher. Any rally will depend on Aussie Gold rallying (TradingView Chart link below) on a safe haven bid. Price will need to get above the Moving Averages and then hold a higher low which we expect to play out after the company achieved upgraded guidance targets for production. Watching now for the first signs start to play out prior to looking for the entry setup.
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Stock Code : AQG – Alacer Gold Corp
Company Website : www.alacergold.com
Current Price : 6.99
Status : On watch for potential higher low and push up through 8.50
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Click Here for TradingView Chart of Aussie Gold XAUAUD
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