Price in a prime position as buyers start to step back into the action

Potential Buy Entry Alert AML

 

Time Frame : Daily

Sector/Industry Group : Materials, Basic Materials

Key Stats : $205.09 Million Market Cap, VWAP 0.35, ASX Ranking 562, 4 Week Av Turnover $168,410.

Company Overview : Aeon Metals Limited (AML) is an Australian based mineral exploration company listed on the Australian Stock Exchange. The Company has an extensive exploration tenement portfolio in the world-class Mt Isa mineral province in North West Queensland as well in South East Queensland in the Rawbelle district, approximately 150kms by road/rail from the port of Gladstone. Aeon’s tenements are prospective for Copper, Gold, Lead, Zinc, Cobalt, Molybdenum and Silver. The most advanced project within the Aeon portfolio is the Walford Creek Project

Broker Consensus : Buy

 

AML – Aeon Metals Limited

AML is putting in the groundwork for a push higher as buyers edge into the action. Being a small explorer, we are watching for further positive news flow to support price and build a higher low for a buy entry setup. Price has been contracting off the highs but is in a prime long term position so its one for the watchlist.

 

Stock Code : AML – Aeon Metals Limited

Company Website : www.aeonmetals.com.au

Current Price : 0.355

Status : On watch for a buy entry setup