'Mantle Mining strengthens above 50-day EMAPMantle Mining...

'Mantle Mining strengthens above 50-day EMAP

Mantle Mining Corporation Limited (MNM.AU) has strengthened above its trend. The price to 50-day EMAP ratio is 1.2, a bullish indicator. The 50-day EMAP has increased to 10.51c. An increase is another bullish indicator. The stock rose for a second day on Thursday bringing its two-day rise to 1.0c or 8.3%. The stock price gained 0.50c (or 4.0%) to close at 13.0c. Compared with the All Ordinaries index, which fell 3.9 points (or 0.1%) on the day, this was a relative price change of 4.1%.

Long-Term Rating (Fundamentals)

Bearish Signals: Valuation - The Q Ratio, defined by James Tobin as MCap divided by Total Assets, is 2.9. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Short-Term Rating (Technicals)

- In the Australian market of 1,108 stocks and 53 units traded today, the stock has a 6-month relative strength of 96 which means it is beating 96% of the market.
- There were 1,214,726 shares worth $157,914 traded. The volume was 0.9 times average trading of 1,381,889 shares. - The last price is at a discount of 25.7% to the 12-month high of 17.50c on 27 Feb, 2012.
- The Beta of this stock is 0.83. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
- The value of $1,000 invested one year ago is $1,389 [vs $945 for the All Ordinaries index], for a capital gain of $389. The total return to shareholders for 1 year is 38.9%.

Uptrend

- The stock continues its significant uptrend. Today it gained. - The current short volume is 0.4 times its own historical average of 0.1%.
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 0.1111 minus the 26- day EMA of 0.1056 is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.