Date of Data Capture:
27/10/2021
Name:
IMAGE RESOURCES NL (IMA)
Classification:
Mineral Sands Mining
Current Price:
$0.20
Market Capitalisation:
$203 M
Recent EBITDA Growth:
22.24%
Yield Estimate:
10.00%
Consensus Price Target:
N/A
# Covering Analysts:
0
Premium/Discount at Current Price:
N/A
Price Target Trend (3-Month):
N/A
Signal Timeframe:
Quarterly-Monthly-Weekly
Trend Bias:
Up-Down / Long-Medium
Indicators:
Short-term:
Positive-Neutral
Medium-term:
Positive
Long-term:
Positive
Recommendation:
Buy
Focus:
(Dividend Income) & Capital Growth
Set up Notes:
• Mineral sand miner IMA looks to be breaking out of a two-year consolidation and could move higher on improving performance, initiation of dividend payments and commodity strength.
• Operating one of the highest grade and recovery projects in Australia, the company saw profits grow 19% last year, and with demand high we expect further gains as the company ramps up.
• After gaining 650% from 2017-19 the stock fell into downtrend and pulled back by 60% to the lows of last year, since then pricing has broken linear downtrend and is now emerging from a strong support base, on good momentum.
Support ($): 0.19, 0.18, 0.17, 0.16 & 0.15.
Resistance ($): 0.20, 0.22, 0.25, 0.28, 0.30 & clear.
