Positive news flow has seen buyers get more active and drive price higher

Potential Buy Entry Alert to Watch ATU

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $161.63 Million Market Cap, VWAP 0.34, ASX Ranking 620, 4 Week Av Turnover $780,787, Current Turnover (Intraday as at time of alert) $206,584.

Company Overview : Atrum Coal Limited (ATU, formerly Atrum Coal NL) is an Australia based company engaged in emerging metallurgical coal exploration and development. ATU has substantial coal position in British Columbia, Canada and has major Groundhog Project, Elan South Project, Panorama Anthracite Project, Bowron River Coal Project and Naskeena Anthracite Project.

Broker Consensus : BUY

ATU – Atrum Coal Limited

ATU has recently had a run higher but has since spent some time consolidating the highs in a sign of strength. The company has had a series of positive drill results which has seen the buying activity pick up. We are now watching to see if price can hold above the 0.30 zone and build a higher low for the buy entry setup.

Stock Code : ATU – Atrum Coal Limited

Company Website : www.atrumcoal.com

Current Price : 0.34

Status : On watch for potential higher low and push up through 0.36