Red Mountain Mining Limited  (ASX: RMX)

RMX was incorporated in  2006 and is based in West Perth, Australia. The company is engaged in exploring gold properties in Australia and for base metals in the Democratic Republic of the Congo. It holds interests in the Mt Maitland Gold project covering approximately 62 square kilometres in Murchison Goldfields in Western Australia. The company's current market capitalization is $11.93 million, with the current price of $0.009 per share.

Fundamental Highlights- The company recently announced the results from its Maitland South Diamond project, with the prospects of gold mineralisation across that area. Another project of Mt. Mansbridge completed its rare Earth soil test survey along with the Diamond drilling progressing at its Maitland South expected to be intersected in coming days. The company recorded cash receipts from its customers of $15k as of 31^st March 2021, whereas the 31^st December 2020 ending quarter failed to record any. The company improved its cash outflows from operating activities to $0.21 million as of 3Q FY 21 compared to the cash outflows of $0.44 million on 2Q FY20. The cash and cash equivalents were increased to $1.63 million on 31^st March 2021 than the $1.22 million on 31^st December 2020.  

Technical Analysis- The stock was on a selling spree and recorded the lifetime low of $0.002, post that it's recouping some losses by forming higher highs and higher lows. Recently the stock is in the downtrend and hovering near the support levels of $0.007 & $0.005, which can emerge as bargain hunting for the stock pickers. The Relative Strength Index shows 43.51, which is in the middle range of the zone, failing to give any particular direction confirmation from the current level. The 21 Days Simple Moving Average is walking hand in hand with the stock prices and currently paced at $0.009, which again failed to comfort any trend formation or continuation from current prices. The resistance is placed at $0.016, acting as the hurdle for the stock to move towards the North.

With the non-significant cash receipts from customers after missing the previous quarter, volatile commodity prices and environmental hazards during exploration, and declining stock prices, we suggest investors 'Avoid' the stock at the closing price of $0.009, down by 5.26%, as of 22^nd July 2021.

Daily Technical Chart – RMX

Source: REFINITIV

Manhattan Corporation Limited - (ASX: MHC)

MHC was incorporated in 2006 and is based in West Perth, Australia. The company is engaged in exploring, evaluating, and developing mineral properties in Australia, primarily for Uranium and HGold. Its principal project covers approximately 460 square kilometres of exploration tenements underlain by tertiary paleochannels within the Gunbarrel Basin, Western Australia. The company's current market capitalization is $19.84 million, with the current price of $0.013 per share.

Fundamental Highlights- The company recently announced the results from the Aircore drilling on the New Bendigo Main Zone, stating 12m at 2.78 g.t Au from the surface, including 4m at 7.63 g/t Au (NBAC0181) & 8m at 1.78 g/t Au from the surface, including 4m at 3.29 g/t Au (NBAC0183), interpreting the presence of gold mineralisation. To support the drilling operations and to acquire a new contract, the company raised $3 million, which was very well received among the existing and new shareholders. The company did not receive any cash receipts from customers for the past three quarters ending on 31^st March 2021. The cash and cash equivalents were increased to $4.95 million on 31^st March 2021 than the $2.83 million on 31^st December 2020.  

Technical Analysis- The stock showcase a strong uptrend past few months and recorded the recent high of $0.052 and slipped from there. The Relative Strength Index shows 46.58, which is in the middle zone of the range, indicating a lack of a strong trend in either direction. The 21 Days Simple Moving Average is currently hovering near the stock's closing prices at $0.013, failing to indicate any clear trend in the near term. For the stock to resume any uptrend the support of $0.007 should be intact and the resistance of $0.022 should be breached, for the stock to clock some gains in its prices.

Lack of operating revenues, volatile commodity prices, uncertainty with the exploration results, declining stock prices, we suggest investors “Avoid” the stock at the closing price of $0.013, as of 22^nd July 2021.

Daily Technical Chart – MHC

Source: REFINITIV 

Alligator Energy Limited - (ASX: AGE)

AGE was incorporated in 2009 and is based in Brisbane, Australia. The company is engaged in exploring uranium, nickel, cobalt, copper, and other energy mineral deposits. In addition, Alligator Energy Limited has a strategic relationship with Traxys North America LLC to provide uranium marketing services for future uranium production, long term offtake contracting, project development financing, and assistance in uranium project acquisition opportunities. The company's current market capitalization is $76.41 million, with the current price of $0.033 per share.

Fundamental Highlights- The company recently acquired an exploration licence with its existing uranium mineralisation to the Samphire Project for consideration of  $135,000. Further, the completion of the Geophysics process of its two projects at Samphire and Big Lake Uranium project, indicating positive responses and other commencement of exploration across the sites. The company did not receive any cash receipts from customers for the past three quarters ending on 31^st March 2021. The operating cash outflows increased in 3Q FY21 to $0.23 million as compared to the outflows of $0.14 million in 2Q FY21. The company made a loss of 0.38 million in 1H FY21.

Technical Analysis- The stock gave a breakout and printed the recent highs of $0.049 in the current year and witnessed some sell-off only to approach the support level of $0.027. the Relative Strength Index is showing the reading of 42.92, which is the middle zone of the range, waiting for the prices to drift either side of the range to confirm a trading bias. The 21 Day Simple Moving average is currently shadowing the stock prices and placed above the closing at $0.036, indicating a further downtrend in the stock prices from current levels. The resistance is placed at $0.039, which can emerger as the selling pressure and refrain the price to inch higher.

Lack of operating revenues, increasing cash outflows from operations, accumulating losses, and range-bound stock prices, we suggest investors to “Avoid” the stock at the closing price of $0.033, up by 3.13% as of 22^nd July 2021.

Daily Technical Chart – AGE

Source: REFINITIV

Pursuit Minerals Limited - (ASX: PUR)

PUR is based in West Leederville, Australia. The company is engaged in exploring and developing mineral properties in Australia, Sweden, Norway, Finland, and the United States, covering nickel, gold, silver, platinum, and vanadium deposits. The company's current market capitalization is $54.39 million, with the current price of $0.060 per share.

Fundamental Highlights- The company recently announced the drilling approval for its project at Phil's Hill. The property is explored to unearth the Nickel Copper deposits located in Western Australia. To overcome the operational costs and acquiring new properties and contracts, the company raised $8.25 million in March 2021. The company did not receive any cash receipts from customers for the full-year period ending June 2021. The cash and cash equivalents were increased to $8.95 million as compared to $1.57 million posted as on 30^th June, 2020.

Technical Analysis- The stock moved upwards from November 2020 onwards and after recording the high of $0.07, it saw a gradual decline in its process. The stock is forming a range-bound pattern with the support at $0.039. The Relative Strength Index shows a reading of 40.15, which is in the middle range of the trading zone, and not signalling any strong trend bias from here. The 21 Days Simple Moving Average is placed at $0.065, lose to the stock price, lacking the trend formation from current levels. The resistance Is placed around $0.072 levels on the charts, which need to be struck off in the advent of the strong upward price trend formation.

Lack of operating cash revenues, volatile commodity prices and declining stock prices, we suggest investors to 'Hold’ the stock at the closing price of $0.0605, up by 2.54%, as of 22^nd July 2021.

Daily Technical Chart – PUR

Source: REFINITIV

OAR Resources Limited - (ASX: OAR)

OAR was incorporated in 1985 and is based in West Leederville, Australia. The company is engaged in exploring and developing mineral deposits in Peru, Australia, and Peru covering gold, iron, nickel, copper, and base metals. The company's current market capitalization is $27.50 million, with the current price of $0.014 per share.

Fundamental Highlights- The company recently announced the results from the brightness and XRF analysis of composite samples across its Gibraltar Halloysitte Kaolin Project, SA. ascertaining a large zone of granite basement rocks lying underneath. For conducting the various exploration and evaluation projects the company raised $2.3 million, and the funds will be deployed to acquire various properties and projects in future. The company did not receive any cash receipts from customers for the past 3 quarters ending on 31^st March 2021. The cash and cash equivalents were decreased to $1.02 million as of 31^st March 2021 as compared to $1.57 million in the preceding quarter.

Technical Analysis-The stock is in the downtrend forming lower highs and lower lows and moving in a narrow range. The Relative Strenght Index shows the reading of 48.90 in the middle range of the overbought/oversold range, giving mixed signals from the current prices. The 21 Days Simpek Moving Average is moving in tandem with the stock price and is currently placed at $0.015 which also, fails to show either side of the trend from the current price. The support is placed at $0.009 and the resistance on the chart is at $0.020.  

Considering the favorable results from the recent XRF study, fundraising, volatile commodity prices and declining stock prices, we suggest investors to 'Hold’ the stock at the closing price of $0.014, down by 6.67%, as of 22^nd July 2021.

Daily Technical Chart – OAR

Source: REFINITIV

CPV, BMN 

ClearVue Technologies Limited  (ASX: CPV)

CPV was incorporated in 1995 and is and is based in West Perth, Australia. The company is engaged in providing building integrated photovoltaic (BIPV) solutions worldwide. It offers its products for homes, vehicles, mobiles, public spaces, commercial buildings, and agriculture applications. The company's current market capitalization is $68.28 million, with the current price of $0.315 per share.

Fundamental Highlights- The company recently announced to form the Joint Venture with eLstar Dynamics Holdings B.V. in the Netherlands to work collectively to create market-leading, self-powered autonomous smart windows capable of integrated energy production and lighting control. Further, the company signed an Exclusive Distribution Agreement with Tomita Technologies Ltd. (Tomita) for cross-sales of ClearVue’s products used in the greenhouses and protected cropping agriculture in Japan. The company recorded cash receipts from its customers of $21k as of 31^st March 2021, whereas the 31^st December 2020 ending quarter failed to record any. The cash and cash equivalents were increased to $2.79 million on 31^st March 2021 than the $2.44 million on 31^st December 2020. The company reported a net loss of as of $1.80 million in 1H FY21.

Technical Analysis- The stock showcase a strong uptrend past few months and recorded the lifetime high of $0.99 and corrected from there, eroding more than two-thirds of its value. The Relative Strength Index is showing at 31.55 which is in the lower end of the trading zone, signalling more downside remaining to the prices from current levels. The 21 Days Simple Moving Average is placed above the stock's closing prices and currently [placed at $0.382, which again points to the downward trajectory to the stock prices from current levels. The stock's support to hold gains should not loom below $0.225, and the resistance should be plucked in a swift manner that is hovering at $0.41 levels.

With the non-significant cash receipts from customers after missing the previous quarter, accumulating losses, declining stock prices, we suggest investors to 'Avoid' the stock at the closing price of $0.315, down by 3.077%, as of 22^nd July 2021.

Daily Technical Chart – CPV

Source: REFINITIV

Bannerman Resources Limited - (ASX: BMN)

BMN was incorporated in 2005 and is based in Subiaco, Australia. The company is engaged in the exploration and development of uranium properties in Namibia, Southern Africa. Its principal property is its 95% -owned Etango Project located in Namibia's Erongo uranium mining region. The company's current market capitalization is $160.53 million, with the current price of $0.15 per share.

Fundamental Highlights- The company recently announced the buyback and bringing the private revenue royalty cancellation over its 95% owned Etango Uranium Project against the $2 million cash and the issue of 15.68 million new Bannerman shares. The company did not receive any cash receipts from customers for the full-year ending 30^th June 2021. The cash and cash equivalents were decreased to $12.45 million on 30^th June 2021 compared to the $13.22 million on 31^st March 2021. The operating cash outflows reached $1.47 milllion in FY21 almost unchanged from the previous year.

Technical Analysis- The stock showcase a strong uptrend past few months and recorded the recent high of $0.22 and slipped from there. The Relative Strength Index shows 45.69, which is in the middle zone of the range, indicating a lack of a strong trend in either direction. The 21 Days Simple Moving Average is currently hovering near the stock's closing prices at $0.158, failing to indicate any clear trend in the near term. For the stock to resume any uptrend the support of $0.105 should be intact and the resistance of $0.18 should be breached, for the stock to clock some gains in its prices.

Lack of operating revenues, increasing cash outflows from operations, volatile commodity prices, uncertainty with the exploration results, declining stock prices, we suggest investors to ‘Avoid’ the stock at the closing price of $0.15, up by 11.11% as of 22^nd July 2021.

Daily Technical Chart – BMN

Source: REFINITIV

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