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Potential Buy Entry Alert to Watch ALK
Time Frame : Daily
Sector : Materials/Basic Materials
Key Stats : $337.14 Million Market Cap, VWAP 0.62, ASX Ranking 466, 4 Week Av Turnover $1,173,337, Current Turnover Intraday $693,031 (2:31am AEDT).
Company Overview : Alkane Resources Ltd (ALK) is a mineral exploration company engaged in gold and other rare earth mineral projects in the central west of NSW in Australia. The Group’s most significant development is the Dubbo Project, to be operated by ASM.
Broker Consensus : BUY
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ALK – Alkane Resources Limited
ALK is having a strong session as buyers look to hold a higher level to renew the move up. We are now watching for a minor higher low to drag in further interested buyers and confirm that we are on the right side of the market for a new leg up through 0.85 highs.
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Stock Code : ALK – Alkane Resources Limited
Company Website : www.alkane.com.au
Current Price : 0.63
Status : On watch for potential higher low and push up through 0.70
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