Price building as buyers step in ready for the New Year

Potential Buy Entry Alert to Watch SLR

Time Frame : Daily/Weekly

Sector :Materials/Basic Materials

Key Stats : $266.68 Million Market Cap, VWAP 0.555, ASX Ranking 460, 4 Week Av Turnover $505,804, Current Turnover (Intraday as at time of alert) $1,521,465.

Company Overview : Silver Lake Resources Limited (SLR) is a gold producing and exploration company with resources in the prospective regions in Western Australia. The flagship projects are Mount Monger, Murchison and Great Southern Projects.

Broker Consensus : BUY


SLR – Sliver Lake Resources Limited

SLR is building some long term structure which may set buyers up for a solid 2019. We see price has held the 0.46 lows to build support which is significant for a long term move up. Buyers still have some work to do over the Xmas and New Year period, but the foundations are being layed. On watch for higher lows and a move up through 0.66

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.56

Status : On watch for potential higher low