GRR 2.08% 24.5¢ grange resources limited.

interesting charts...

  1. 5,526 Posts.
    lightbulb Created with Sketch. 31
    Obviously, if you take out the noise from the charts (and the some people away from this thread), you can determine that the share price has pretty much reached the bottom and the road to recovery will soon be here.

    This first chart gives the weekly data and the rate of change, which has slowed and is now tending positive.

    The second chart is monthly and it shows that the share priced bounced off historic-lows and the RSI was not even cooked.

    Of course, like all statistics, you can come up with any types of pattern, but what really matters in the end is the fundamentals.

    I have witnessed plenty of shares fall-over in the past but none with strong fundamentals, such as positive cash flows, cash in the bank, consistent profits, high ROEs and an ability to grow when the good times come around again.

    You could probably throw in a few more things like a book value being nearly three times the current SP and the last dividend yield now over 20% on current SP. Of course, this doesn't predict the future (nor do the charts), but it gives you an idea that this share price is CHEAP.

watchlist Created with Sketch. Add GRR (ASX) to my watchlist
(20min delay)
Mkt cap ! $283.5M
Open High Low Value Volume
24.0¢ 24.5¢ 24.0¢ $25.79K 105.7K

Buyers (Bids)

No. Vol. Price($)
7 403176 24.0¢

Sellers (Offers)

Price($) Vol. No.
24.5¢ 548312 8
View Market Depth
Last trade - 16.10pm 29/09/2020 (20 minute delay) ?
0.005 ( 0.91 %)
Open High Low Volume
24.5¢ 24.5¢ 24.0¢ 108284
Last updated 15.59pm 29/09/2020 (live) ?
GRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.