Uncategorised

Is Regency Mines below its recent placing price a golden opportunity? (RGM)

27 Feb 2018 | by: Patricia Miller

As I write, it’s possible to buy junior miner Regency Mines at 0.5p, that’s a 9% discount to the recent placing price. A look at the share price chart shows the stock is at the bottom of an upward trend channel formed since the beginning of 2016. Resistance is in the form of a diagonal down from recent peaks, currently standing at 0.55p. What’s lacking at the moment is Volume.

There was a considerable amount of consolidation between 0.55-0.75p last year so I expect headwind through that price zone.

There is, of course, a risk that the share price will drift below support but Regency is arguably in much better shape now it has become debt free. With a number of Regency’s projects offering potential news flow, this low-volume quiet spell might be a good time to get in ahead of the pack.

Author: Stuart Langelaan

Disclosure:
The author of this piece owns shares in the company written about above

Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

    More News & Analysis

    Air France-KLM reports huge Q2 loss, sees signs of recovery

    French-Dutch airline group Air France-KLM said Friday that the “first signs of recovery are visible” in bookings amid easing pandemic travel restrictions as it reported a second-quarter net loss of nearly 1.5 billion euros ($1.8 billion).

    Is Disney a good investment?

    Disney is one of the biggest and most recognised companies in the world, and their stock has performance has been strong after the release of Disney+, but does Disney’s stock represent good value for the retail investor?

    Robinhood makes its debut on Wall Street

    Robinhood is to sell its own stock Thursday on Wall Street, the very place the online brokerage has rattled with its stated goal of democratizing finance.