This report is an updated version of the report published on 4 August 2023 at 03:55 PM (GMT+10)
Company Overview: EcoGraf Limited (ASX: EGR) is an Australian battery anode materials developer. EGR is involved in developing a diversified battery anode material business to produce high-purity graphite products for the lithium-ion battery and advanced manufacturing markets. Revolver Resources Holdings Limited (ASX: RRR) is an Australia-based copper exploration company. The company operates two copper projects - Dianne Project and Project Osprey. Kalkine’s ‘Stocks Under 20 cents’ Report covers the Investment Summary, Key Financial Metrics, Risks, Outlook, SWOT Analysis, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stocks.
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135375_64ccad8fd9af9_mceclip0.png)
1. EcoGraf Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 72.41mn)
1HFY23 Update:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135390_64ccad9eafc06_mceclip1.png)
Business Update:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135400_64ccada8b3ee3_mceclip2.png)
Key Ratios & Figures:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135408_64ccadb0b4f2c_mceclip3.png)
Key Risks and Outlook:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135417_64ccadb90cf09_mceclip4.png)
SWOT Analysis:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135424_64ccadc05d5f0_mceclip5.png)
Valuation, Stock Recommendation and Technical Analysis:
The stock has witnessed a dip of ~5.88% in 1 month and over the last 6 months, it has decreased by ~34.69%. The stock has a 52-week low and 52-week high of AUD 0.130 and AUD 0.520, respectively, and is currently trading below the average of 52-week high-low average. EGR was last covered in a report dated ’2 June 2023’.
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135435_64ccadcb045a7_mceclip6.png)
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135449_64ccadd96b79f_mceclip7.png)
2. Revolver Resources Holdings Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 80mn)
Results Highlights of 4QFY23:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135459_64ccade3ed910_mceclip8.png)
Business Update:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135469_64ccaded2839c_mceclip9.png)
Key Ratios & Figures:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135477_64ccadf52da57_mceclip10.png)
Key Risks and Outlook:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135484_64ccadfc5ee7e_mceclip11.png)
SWOT Analysis:
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135492_64ccae045a5a7_mceclip12.png)
Valuation, Stock Recommendation and Technical Analysis:
The stock has witnessed a surge of ~38.89% in 6 months and over the last 1 year, it has decreased by ~71.00%. The stock has a 52-week low and 52-week high of AUD 0.095 and AUD 0.390, respectively, and is currently trading below the average of 52-week high-low average.
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135502_64ccae0ecacb5_mceclip13.png)
![](https://au.kalkine.com.au/storage/uploads/ckfinder/userfiles/images/1691135514_64ccae1a30673_mceclip14.png)
Disclaimer: Revolver Resources Holdings Limited (Company) is a client of Kalkine Media Pty Ltd (Kalkine Media), an affiliate of Kalkine. However, under no circumstances have Kalkine or its related entities been, directly or indirectly influenced in making any recommendation concerning Company as contained in this report, and no form of compensation is or will be received by Kalkine, Kalkine Media or Kalkine’s other related entities for the publication of this report.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 4 August 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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