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Potential Buy Entry Alert to Watch OGC
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $293.19 Million Market Cap, VWAP 4.255, ASX Ranking 466, 4 Week Av Turnover $2,288,865, Current Turnover (Intraday as at time of alert) $714,332.
Company Overview : OceanaGold Corporation Limited (OGC) is a gold producer with a portfolio of operating, development and exploration assets. OGC’s assets are located on the South Island of New Zealand and in northern Philippines.
Broker Consensus : Not covered by a major broker
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OGC – Oceanagold Corporation
OGC is well behind other Gold producers who have rallied on the back of the gold bull market. We expect that price is building as they work out issues with the Phillippines which has constrained price. There is still some work to do from buyers but we will be watching for a higher low to build along with a pickup in volume for evidence that price may be starting to move higher and play catch up. One to watch for now.
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Stock Code : OGC – Oceanagold Corporation
Company Website : www.oceanagold.com
Current Price : 4.27
Status : On watch for potential higher low and push up through 4.50
