Price now at a level where we expect to see the action heat up as buyers dive in

Potential Buy Entry Alert MIN

 

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $2.74 Billion Market Cap, VWAP 15.10, ASX Ranking 127, 4 Week Av Turnover $13,153,438, Current Turnover (Intraday as at time of alert) $7,523,622, PE 10.1, Div Yield 4.45%.

Company Overview : Mineral Resources Limited (MIN) is an Australia based mining service, contracting, processing and commodities production company. MIN’s portfolio of market brands comprise of: PIHA, Crushing Services International and Process Minerals International; its minerals producer market brands are Polaris Metals and Mesa Minerals.

Broker Consensus : BUY

 

MIN – Mineral Resources Limited

MIN has been in pullback mode from the highs and its currently at levels where we expect to see some action. We are now on watch for buyers to step up and support higher levels at in the process, build the buy entry setup. Still early days but one for the watchlist that will have some legs.

 

Stock Code : MIN – Mineral Resources Limited

Company Website : www.mineralresources.com.au

Current Price : 15.30

Status : On watch for buy entry setup