The action is consolidating but edging higher as buyers start to pick up the pace

Potential Buy Entry Alert to Watch ASL

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $1.17 Billion Market Cap, VWAP 1.69, ASX Ranking 209, 4 Week Av Turnover $4,057,468, Current Turnover (Intraday as at time of alert) $4,065,646, PE 3.5, Div Yield 2.93%.

Company Overview : Ausdrill Limited (ASL) is a diversified mining services company with key operations in Australia and Africa. The offered services include drill and blast, grade control, water well drilling and equipment sales, hire and parts. In addition, Ausdrill provides load and haul and crusher feed services as well as specialist underground mining services in Africa. The Australian operations are primarily based in Western Australia and the African operations are primarily located in Ghana.

Broker Consensus : BUY

ASL – Ausdrill Limited

ASL has been consolidating for a few months now but price is edging higher as buyers start to lift their game. We see the potential for the action to heat up and push through 1.80 so we are now watching for a higher low and a buy entry setup.

Stock Code : ASL – Ausdrill Limited

Company Website : www.ausdrill.com.au

Current Price : 1.70

Status : On watch for potential higher low and move up through 1.80