Technical AnalysisSupport Levels: $0.024, $0.021, and...

Technical Analysis

• Support Levels: $0.024, $0.021, and $0.019.

• Resistance Levels: $0.028, $0.029, and $0.031.

• RSI: Currently at 54.13, indicating neutral momentum.

• Moving Averages:

  • 10-Day MA: $0.026

  • 20-Day MA: $0.021

  • 50-Day MA: $0.017 Weblink+5Simply Wall St+5ListCorp+5

• MACD: The MACD line is at 0.003, with a signal line also at 0.003, indicating a potential convergence.

These indicators suggest a neutral to slightly bullish trend, with potential for upward movement if positive news emerges.

Financial Overview

• Market Capitalization: Approximately $7.2 million.ABN Newswire+8Simply Wall St+8Simply Wall St+8

• Recent Financials: The company reported an operating loss of $4.49 million for the year ended June 30, 2024.Intelligent Investor+1ListCorp+1

• Dilution: Shareholders have experienced dilution, with total shares outstanding growing by 133.5% over the past year.Simply Wall St+1Simply Wall St+1

Investment Considerations

Pros:

• Active drilling programs with potential for resource expansion.

• Strong insider buying indicates confidence in future prospects.

• Diversified project portfolio across gold, lithium, and base metals.Verity Resources+1ListCorp+1

Cons:

• Recent financial losses and shareholder dilution may impact investor sentiment.Simply Wall St+1Simply Wall St+1

• The success of exploration activities is uncertain and subject to various risks.