Date of Data Capture: 18/11/2020
Name: NEOMETALS LTD (NMT)
Classification: Specialty Mining & Metals
Current Price: $0.23
Market Capitalisation: $125 M
Forecast EBITDA Growth: N/A
Yield Estimate: 0%
Consensus Price Target: N/A
# Covering Analysts: 0
Premium/Discount at Current Price: N/A
Price Target Trend (3-Month): N/A
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• This resurgent mine developer has good assets across lithium, titanium, nickel and vanadium and is well set to ride ongoing commodity strength higher with good momentum here.
• An aggressive recovery play, we are entering prior to reaching positive cash flow, but the company has low debt, plenty of cash and is progressing well to first production in 2021.
• Breaking out of major downtrend earlier this month, the stock shot up but will likely test support at 20c again soon, and if signalling is correct we could be at the start of another rally.
Support ($): 0.20, 0.175, 0.15, 0.125 & 0.10.
Resistance ($): 0.25, 0.30, 0.35, 0.40 & clear.