Buyers show strength thanks to a fall in the AUD and rally in Gold

Potential Buy Entry Alert to Watch RRL

 

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $2.14 Billion Market Cap, VWAP 4.326, ASX Ranking 155, 4 Week Av Turnover $10,142,037, Current Turnover (Intraday as at time of alert) $3,354,080, PE 12.2, Div Yield 3.79%.

Company Overview : Regis Resources Limited (RRL) is a gold production and exploration company with a focus on its tenement package in the Eastern Goldfields of Western Australia. Its main projects include Moolart Well, Garden Well, Erlistoun and Rosemont. RRL also conducts exploration activities in several deposits in Eastern Goldfields.

Broker Consensus : HOLD/BUY

 

RRL – Regis Resources Limited

RRL has had a couple of goods days on the back of a weaker AUD and stronger Gold prices. We see that the price still has some work to do against a negative ASX200 market, but we are happy to have it on the watchlist for a higher low and entry setup.

 

Stock Code : RRL – Regis Resources Limited

Company Website : www.regisresources.com

Current Price : 4.35

Status : On watch for buy entry setup