Date of Data Capture: 04/08/2021
Name: PANORAMIC RESOURCES LIMITED (PAN)
Classification: Nickel Mining
Current Price: $0.18
Market Capitalisation: $369 M
Forecast EBITDA Growth: 36.90%
Yield Estimate: 0%
Consensus Price Target: $0.20
# Covering Analysts: 3
Discount at Current Price: -11.11%
Price Target Trend (3-Month): Up-Flat +11.11%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• Recovering nickel/copper/cobalt miner is trying to break out into a potential new major uptrend here after restructuring production plans to make the most of buoyant commodity pricing.
• The company is in transition and switching ore bodies – however this work is now done, funds raised and the mine is progressing to restart production late 2021, with offtakes in place.
• Pricing shows an uptrend gaining 400% from 2016-18, before falling back to that same 2016 support level, but here they are rallying on good momentum, breaking higher through resistance.
Support ($): 0.175, 0.15, 0.125 & 0.10.
Resistance ($): 0.20, 0.25, 0.30, 0.40, 0.50 & clear.