May 16, 2019
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $1.41 Billion Market Cap, VWAP 0.765, ASX Ranking 195, 4 Week Av Turnover $7,564,149, Current Turnover (Intraday as at time of alert) $855,307.
Company Overview : Pilbara Minerals Limited (PLS) is an emerging lithium and tantalum producer focused on the development of its 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia.
Broker Consensus : BUY
PLS has been embattled for a while as price struggles to kick on as sellers hold lower levels. The longer term action is potentially in a prime zone to bring in buyers for a move up. The 60 cent level has seen some volume come in to support price so we are now watching for a price to consolidate around 0.75 and a potential run up through 0.90. Still some work to do but one to watch.
Stock Code : PLS – Pilbara Minerals Limited
Company Website : www.pilbaraminerals.com.au
Current Price : 0.76
Status : On watch for potential higher lows and run up through 0.90
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