This report is an updated version of the report published on 8 May 2026 at 11:15 AM AEST
Company Overview: Grange Resources Limited (ASX: GRR) is an Australia-based company, which owns and operates an integrated iron ore mining and pellet production business located in the northwest region of Tasmania. The Company’s principal activities consist of the mining, processing and sale of iron ore from its operations in Tasmania, and the ongoing exploration and evaluation of mineral resources. Western Gold Resources Limited (ASX: WGR) is an Australia-based gold exploration company. The Company is the owner of the Gold Duke Project, a prospective brownfield gold project located west of Wiluna in Western Australia’s mid-west. The 100% owned Gold Duke Gold Project is located 35 kilometers (km) southwest of Wiluna within the Joyners Find Greenstone Belt. Kalkine’s ‘Stocks Under 20 cents’ report covers the Investment Summary, Key Financial Metrics, Risks, Outlook, SWOT Analysis, Technical Analysis along with the TTM-Valuation, and Recommendation on the stocks.
1. Grange Resources Limited (ASX: GRR) (Recommendation: Speculative Buy, Market Cap: AUD 202.53Mn)
FY25 Update:
Business Update:
Key Ratios & Figures:
Key Risks and Outlook:
SWOT Analysis:
Stock Recommendation and Technical Analysis:
The stock has declined by ~7.89% in the last one month and over the last six months, it has declined by ~30%. The stock has a 52-week low and high of AUD 0.155 and AUD 0.305, respectively, and is currently trading below its 52-week mid-level. GRR was last covered in a report dated ‘10 February 2025.’
2. Western Gold Resources Limited (ASX: WGR) (Recommendation: Speculative Buy, Market Cap: AUD 45.57Mn)
Result Highlights of H1FY26:
Business Update:
Key Ratios & Figures:
Key Risks and Outlook:
SWOT Analysis:
Stock Recommendation and Technical Analysis:
The stock has declined by ~20.59% in the last one month and over the last six months, it has fallen by ~20.58%. The stock has a 52-week low and 52-week high of AUD 0.051 and AUD 0.270, respectively, and is currently trading below its 52-week mid-level. WGR was last covered in a report dated ‘1 March 2022’.
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 8 May 2026. 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.
Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
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 against further losses in case of unfavourable movement in the stock prices.
Disclaimer-
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Past performance is not a reliable indicator of future performance.
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