came out 1 hour ago. intresting to see how the "techo" ppl see this.
11 March, 2008 (16:00:00 AEST)
THOR MINING PLC WEAKENS BELOW MOVING AVERAGE PRICE (MAP), WITH 50-DAY MAP TRAILING 200-DAY MAP March 11, 2008 16:00:00 AEST
Thor Mining Plc (THR) has dropped below its trend. The 200-day moving average price (MAP) was 22.74c. The price to 200-day MAP ratio is 0.53, a bearish indicator. In the past 200 days this ratio has been under 0.53 twenty-seven times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of 13.96c is lower than the 200-day MAP of 22.74c, a bearish indicator. The 200-day MAP has decreased to 22.74c. A decrease is another bearish indicator. The stock fell for a third day on Tuesday. The share price dropped 0.50c (or 4.0%) to 12.0c. Compared with the All Ordinaries Index which fell 64.6 points (or 1.2%) on the day, this represented a relative price change of -2.8%.
TECHNICAL ANALYSIS Downtrend Price Trend: The price crashed 14.3% in the last week and plunged 7.7% in the last month. In the last three months the number of falls outnumbered rises 27:17 or 1.59:1. Relativities: Compared with the All Ordinaries Index which fell 4.8% for the week, this represented a relative price decrease of 10.7% for the week. Since open its percentile rank in the Australian market was 36. In the Australian market of 2,092 stocks, the stock has a 6-month relative strength of 40 which means it has underperformed 60.0% of the market. Breakdown: In the last three months the stock has hit a new 52-week low once. Support: The support price is hovering at the 10.50c level. Volume traded at the weak support price zone was 0.8 time average during the single occasion when the support price was breached. In the last one month the first low was at 10.50c on Feb 13. Resistance: Resistance is apparent at 16.0c. However, selling pressure at that level has been weak; volume was 0.4 times average during the single occasion when the resistance price was breached in the last one month. In the last one month the high was at 16.0c on Mar 06.
PRICE VOLUME DYNAMICS Volatility: The stock traded between an intraday high of 13.0c and a five-day low of 12.0c. Volume and Turnover Period: There were 143,617 shares worth $17,664 traded. The volume was 0.3 times average trading of 565,001 shares. The turnover rate in the 12 months to date was 100.7% (or a turnover period of 11 months). This average length of ownership of the stock at 0.9 times the average holding period of 1 year 38 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 76.5% to the 12-month high of 51.0c and a premium of 20.0% to the 12-month low of 10.0c. Volume Weighted Price (VWP): The price is at a discount of 4.8% to the 1-month volume weighted average price of 12.61c, which may appeal as a value proposition.
PRICE PERFORMANCE RANK IN INDEX AND SECTORS The stock is in 1 index and 5 sectors. The following index and sectors fell setting the trend for its fall (rank by percentage price change of stock in sector/index in brackets): Diversified Metals & Mining Sector (rank 64 out of 152) which was down 432.7 points or 5.2% to 7,962.7, S&P/ASX 200 Materials Index (rank 211 out of 501) which was down 733.0 points or 5.0% to 13,855.8, Mining & Oil Sector (rank 260 out of 624) which was down 333.9 points or 4.1% to 7,844.8, Newly Listed Companies Sector (rank 78 out of 201) which was down 13.9 points or 0.3% to 4,792.5
SHAREHOLDER RETURNS Trailing One Week: The stock fell four times (80% of the time) and rose once (20% of the time). The volume was 0.3 times average trading of 2,825,005 shares. The value of $1,000 invested a week ago is $960 [vs $953 for the All Ordinaries Index], for a capital loss of $40. Trailing One Month: The stock fell seven times (33% of the time), rose seven times (33% of the time), was unchanged six times (29% of the time) and was untraded once (5% of the time). The volume was 0.3 times average trading of 12,430,022 shares. The value of $1,000 invested a month ago is $923 [vs $914 for the All Ordinaries Index], for a capital loss of $77. Trailing One Year: The value of $1,000 invested one year ago is $480 [vs $915 for the All Ordinaries Index], for a capital loss of $520. The total return to shareholders for 1 year is -52.0%. Trailing Five Years: The value of $1,000 invested five years ago is $600, for a capital loss of $400.
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 15.2% to 0.04; NTA per share up 9.7% to $A0.0 (1.5c); total number of shares outstanding down 30.7% to 132,859,508. Unfavourable Changes: loss of $A1.4m ($US1.1m); losses in all of the last 3 years; operating cash flow is negative. Major Common Size Ratios: intangibles to total assets up from 29.2% to 60.3%; total current assets to total assets up from 26.9% to 27.9%; cash to total assets up from 24.3% to 26.4%; fixed assets to total assets up from 0.2% to 1.4%.
FUNDAMENTALS Price to Cash: The price to cash backing per share is 6.4.
ISSUED CAPITAL Based on 140,468,949 issued shares the market capitalisation is $16.9 million.
Currency Conversion: Australian Dollar AUD 1 = US$ 0.9192 [or US$1=AUD 1.09]; Against the US$ the AUD slumped 107.62 basis points (or 1.1%) for the day; dropped 1.6% for the week; increased 1.6% for the month; soared 23.7% for the year.
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