The action is heating up as buyers start the march higher so time to get on board

New Buy Entry Alert RMS

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $544.79 Million Market Cap, VWAP 0.85, ASX Ranking 340, 4 Week Av Turnover $1,424,050, Current Turnover (Intraday as at time of alert) $1,246,991.

Company Overview : Ramelius Resources Limited (RMS) is a gold mining and production company with its primary production being focused at the Mt Magnet goldmine. RMS also holds a portfolio of other development projects in Australia and USA.

Broker Consensus : BUY

RMS – Ramelius Resources Limited

RMS is on the move as gold pushes higher and buyers support higher levels. Price has underperformed some other favorite gold stock such as GOR so we are looking for price to play catch up. We are happy to buy on a push up through 0.875 and will hold the stop loss at 0.79. If price pushes below the 0.79 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : RMS – Ramelius Resources Limited

Company Website : www.rameliusresources.com.au

Current Price : 0.86

New Buy Entry (Trigger Level) : 0.875

Potential Sell Exit Zone (Stop Loss) : 0.79

Status : On watch for Buy Entry Trigger