EXTRACT RESOURCES SOARS 16.8%, BEATING 97% OF STOCKS March 14, 2008 16:00:00 AEST
Extract Resources (EXT), Australia's 23rd largest Diversified Metals & Mining company by market capitalisation, soared 17.0c (or 16.8%) to $1.18, ending a two-day streak of losses. In the Australian market of 2,093 stocks, the stock has a 6-month relative strength of 97 which means it is beating 97% of the market.
A price rise combined with a high relative strength is a bullish signal. Compared with the All Ordinaries Index which rose 72.8 points (or 1.4%) on the day, this represented a relative price change of 15.4%.
PRICE VOLUME DYNAMICS Volatility: The stock traded between an intraday low of $1.06 and two-day high of $1.18. The price range has expanded in the last two days (from 7.0c two days ago to 12.0c today) which, accompanied by a price rise, is a bullish signal.
Moving Average Price (MAP): The price to 200-day MAP ratio is 1.3, a bullish indicator. In the past 200 days this ratio has exceeded 1.3 one hundred twenty-two times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of $1.13 is higher than the 200-day MAP of 90.96c, a bullish indicator. The 200-day MAP has increased to 90.96c. An increase is another bullish indicator.
Relativities: Since open its percentile rank in the Australian market was 98.
Volume and Turnover Period: There were 182,672 shares worth $209,853.9 traded. The volume was 0.4 times average trading of 419,102 shares. The turnover rate in the 12 months to date was 56.9% (or a turnover period of 1 year 9 months).
This average length of ownership of the stock at 1.6 times the average holding period of 1 year 34 days for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer. % Disc to Hi and % Prem to Lo: The last price is at a discount of 20.3% to the 12-month high of $1.48 and a premium of 1,182.6% to the 12-month low of 9.20c. Volume Weighted Price (VWP):
The price is at a discount of 8.4% to the 1-month volume weighted average price of $1.29, which may appeal as a value proposition. Beta is 3.4.
PRICE PERFORMANCE RANK IN INDEX AND SECTORS The stock is in 1 index and 5 sectors. The following index and sectors rose setting the trend for its rise of 16.8% (rank by percentage price change of stock in sector/index in brackets):
Diversified Metals & Mining Sector (rank 3 out of 152) which was up 283.3 points or 3.5% to 8,430.9, S&P/ASX 200 Materials Index (rank 10 out of 501) which was up 470.0 points or 3.3% to 14,524.3, Mining & Oil Sector (rank 11 out of 624) which was up 198.9 points or 2.5% to 8,134.
The Diversified Metals & Mining company sector is the 6th largest by market capitalisation out of Australia's 52 sectors. It is made up of 152 publicly listed companies with a combined market capitalisation of $259.4 billion. In 2007 earnings for the sector grew 19.4% compared with those of 2006. The main players in the sector include BHP Billiton, Rio Tinto, Fortescue Metals Group and Zinifex.
SHAREHOLDER RETURNS Trailing One Week: The stock fell three times (60% of the time) and rose twice (40% of the time). The volume was 0.5 times average trading of 2,095,510 shares. The value of $1,000 invested a week ago is $992 [vs $985 for the All Ordinaries Index], for a capital loss of $8.
Trailing One Month: The stock fell twelve times (57% of the time), rose eight times (38% of the time) and was unchanged once (5% of the time). The volume was 0.6 times average trading of 9,220,244 shares. The value of $1,000 invested a month ago is $814 [vs $944 for the All Ordinaries Index], for a capital loss of $186. Trailing One Year:
The value of $1,000 invested one year ago is $12,688 [vs $935 for the All Ordinaries Index], for a capital gain of $11,688. The total return to shareholders for 1 year is 1,168.8%.
FINANCIALS Annual Report for the year ended June 30, 2007 (year-on-year comparisons with previous corresponding period)- Favourable Changes: total revenue up 299.4% to $A279,730 ($US220,679); total liabilities to total assets down 56.2% to 0.3; current ratio up 1,429.1% to 8.4; NTA per share up 100.0% to $A0.7 (53.2c); total number of shares outstanding down 84.1% to 117,626,996.
Unfavourable Changes: loss of $A5.3m ($US4.2m); EPS deterioration 338.8 to $A-0.0 (-3.6c); EBIT loss of $A5.1m ($US4m); losses in all of the last 5 years; operating cash flow is negative.
Major Common Size Ratios: total current assets to total assets down from 25.9% to 15.4%; cash to total assets down from 9.8% to 9.2%; fixed assets to total assets down from 41.8% to 0.3%; depreciation to revenues of 83.7%; interest expenses to revenues of 73.5%; EBITD to Revenues of -1,747.9%; EBIT to Revenues of -1,831.6%; profit before tax to revenues of -1,905.0%.
FUNDAMENTALS P/S: The price/sales ratio is 496.2. Price to Cash: The price to cash backing per share is 1.8.
ISSUED CAPITAL Based on 184,462,203 issued shares the market capitalisation is $217.7 million.
ACTIVITIES Mining exploration
TOP MANAGEMENT The Director is Neil Mclachlan
Currency Conversion: Australian Dollar AUD 1 = US$ 0.9398 [or US$1=AUD 1.06]; Against the US$ the AUD climbed 95.61 basis points (or 1.0%) for the day; increased 1.0% for the week; climbed 3.3% for the month; soared 25.0% for the year.
Source: www.BuySellTips.com
EXT Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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