EXCALIBUR MINING CORPORATION SLIDES 5.9%, IN SIGNIFICANT DOWNTREND April 03, 2008 14:00:00 AEST
Excalibur Mining Corporation (EXM) slid 0.10c (or 5.9%) to 1.60c. Compared with the All Ordinaries Index which rose 80.1 points (or 1.4%) on the day, this represented a relative price change of -7.3%.
TECHNICAL ANALYSIS Significant Downtrend Price Trend: The price crashed 11.1% in the last week and 20.0% in the last month. In the last three months the number of falls outnumbered rises 27:15 or 1.8:1. Relativities: Since open its percentile rank in the Australian market was 11. In the Australian market of 2,091 stocks, the stock has a 6-month relative strength of 19 indicating it is trailing 81.0% of the market. Moving Average Price (MAP): The price to 200-day MAP ratio is 0.55, a bearish indicator. The stock is trading below both its MAPs and the 50-day MAP of 2.14c is lower than the 200-day MAP of 2.90c, another bearish indicator. Breakdown: In the last three months the stock has hit a new 52-week low seven times, pointing to a significant downtrend. The bears are maintaining control with price open, high, low and close being below yesterday's levels. Support: The support price is hovering at the 1.50c level. Volume traded at the weak support price zone was 0.4 time average during the single occasion when the support price was breached. In the last one month the first low was at 1.50c on Apr 03. Resistance: In the last one month the highest was at 2.20c on Mar 14, the second advance halted at 2.20c on Mar 04.
PRICE VOLUME DYNAMICS Volatility: The stock traded between an intraday low of 1.50c and a high of 1.60c. Volume and Turnover Period: There were 3,394,588 shares worth $53,983 traded. The volume was 0.4 times average trading of 9,078,674 shares. The turnover rate in the 12 months to date was 280.9% (or a turnover period of 4 months). This average length of ownership of the stock at 0.3 times the average holding period of 1 year 34 days for stocks in the S&P/ASX 200 Index suggests a larger number of speculators on the share register, making it less safe for long-term investors. % Disc to Hi and % Prem to Lo: The last price is at a discount of 66.7% to the 12-month high of 4.80c and a premium of 6.7% to the 12-month low of 1.50c. Volume Weighted Price (VWP): The price is at a discount of 14.7% to the 1-month volume weighted average price of 1.88c, which may appeal as a value proposition. Beta is 0.8.
PRICE PERFORMANCE RANK IN SECTORS The stock is in 3 sectors. The stock's fall of 5.9% went against the trend set by Quarterly Reporting Entities Sector (rank 258;237 out of 487) which was up 34.3 points or 0.3% to 10,905.
SHAREHOLDER RETURNS Trailing One Week: The stock fell three times (60% of the time), was unchanged once (20% of the time) and rose once (20% of the time). The volume was 0.3 times average trading of 45,393,370 shares. The value of $1,000 invested a week ago is $941 [vs $1,038 for the All Ordinaries Index], for a capital loss of $59. Trailing One Month: The stock fell eleven times (52% of the time), rose six times (29% of the time) and was unchanged four times (19% of the time). The volume was 0.4 times average trading of 199,730,828 shares. The value of $1,000 invested a month ago is $800 [vs $1,023 for the All Ordinaries Index], for a capital loss of $200. Trailing One Year: The value of $1,000 invested one year ago is $842 [vs $958 for the All Ordinaries Index], for a capital loss of $158. The total return to shareholders for 1 year is -15.8%. Trailing Five Years: The value of $1,000 invested five years ago is $457, for a capital loss of $543.
FINANCIALS Annual Report for the year ended June 30, 2007 (year-on-year comparisons with previous corresponding period)- Favourable Changes: total liabilities to total assets down 95.8% to 0.03; current ratio up 4,315.8% to 12.0; NTA per share up 207.0% to $A0.0 (0.6c). Unfavourable Changes: total revenue down 88.0% to $A123,343 ($US97,305); loss of $A1.5m ($US1.2m); EPS reduced 87.6% to $A-0.0 (-0.1c); losses in all of the last 3 years; operating cash flow is negative; total number of shares outstanding up 127.3% to 1,212,025,446. Major Common Size Ratios: total current assets to total assets up from 20.3% to 37.8%; cash to total assets up from 0.3% to 31.7%; depreciation to revenues down from 0.6% to 0.5%; profit before tax to revenues down from -527.5% to -1,183.7%; profit after tax to revenues down from -527.5% to -1,183.7%.
FUNDAMENTALS P/S: The price/sales ratio is 157.2. Price to NTA: The price to net tangible asset backing per share is 2.0.
ISSUED CAPITAL Based on 1,213,068,996 issued shares the market capitalisation is $19 million.
ACTIVITIES Mineral exploration.
BUSINESS NEWS ROUND UP The last 5 snippets from News Bites were: February 15: Excalibur Mining issues directors' replacement options Excalibur Mining Corp Ltd issued directors' replacement options expiring in 2012 for every 2009 option exercised in a placement on February 12, 2008. Mark Smith acquired 2,400,000 shares and 2,400,000 options. He holds 33,696,507 shares and 6,400,000 options. Alexander Bajada acquired 800,000 shares and 800,000 options.
January 31: Excalibur Mining has $2.1m cash Excalibur Mining reported nil in receipts from product sales and related debtors for the quarter ended December 31, 2007. Net operating and investing cash flows were negative $874,000 for the quarter, while total operating and investing cash flows were negative $606,000. Cash held at end of quarter was $2,146,000.
January 17: Excalibur Mining starts Tanami airborne survey Excalibur Mining Corporation Ltd says an airborne electromagnetic survey in the Tanami project, in Northern Territory, started on January 16 and is expected to be completed in a week. The survey covers the unconformity between the Victoria-Burrindudu Basin and the older Tanami complex rocks below and is targeting poly metallic mineralisation.
January 16: Excalibur Mining plans Nobles Nob West resource Excalibur Mining Corporation Ltd plans extra RC and diamond drilling at its Nobles Nob West gold project at Tennant Creek in the Northern Territory, to establish a JORC-compliant resource after drilling has confirmed previous high grades. A total of 11 holes were drilled in the current program on 20m spaced lines, with significant results from 2 of the initial 9 holes, at only 63m depth.
January 15: Excalibur Mining trading halt Excalibur Mining Corporation requested a trading halt on January 15, 2008 pending an announcement. Trading will resume on January 17 or on an earlier announcement.
Currency Conversion: Australian Dollar AUD 1 = US$ 0.9096 [or US$1=AUD 1.1]; Against the US$ the AUD strengthened 5.5 basis points (or 0.1%) for the day; fell 1.2% for the week; fell 2.3% for the month; surged 18.6% for the year.
Source: www.BuySellTips.com
DSE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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