The action is picking up as buyers support higher levels

Potential Buy Entry Alert to Watch GRR

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $306.7 Million Market Cap, VWAP 0.25, ASX Ranking 453, 4 Week Av Turnover $1,011,736, Current Turnover (Intraday as at time of alert) $251,774, PE Ratio 2.7, Div Yield 7.55%.

Company Overview : Grange Resources Ltd (GRR) owns and operates iron ore mining and pellet production business located in the northwest region of Tasmania. GRR focuses on magnetite projects in two main areas, namely, Savage River Operation and Southdown Project.

Broker Consensus : Not covered by a major broker

GRR – Grange Resources Limited

GRR recently lifted out of consolidation with buyers pushing price to new highs since 2017. The long term action is picking up and has potential to see a move a lot higher towards the 0.60 zone. We are now watching the daily action for price to hold up above 0.235 (refer to chart) and build some minor higher lows for a push up through 0.30.

Stock Code : GRR – Grange Resources Limited

Company Website : www.grangeresources.com.au

Current Price : 0.255

Status : On watch for potential higher low and buy opportunity