*Signature Metals is Australia's 219th largest materials company with a market capitalization of $52.1 million.
In the materials companies it has the 307th highest total assets and 278th highest revenues.
*Bullish Signals:- The price jumped 7.7% in the last week.
This has been propped up by high volume of 3.9 times average for the week.Compared with the All Ordinaries index which rose 1.8% for the week, this represented a relative price increase of 5.9% for the week.
*The price to 200-day MAP ratio is 1.4, a bullish indicator. In the past 200 days this ratio has exceeded 1.4
just twice suggesting a resistance level. The stock is trading above both its MAPs at 2.0c for the 200-day
MAP and 2.0c for the 50-day MAP, another bullish indicator.
*In the last three months the number of rises outnumbered falls 21:18 or 1.2:1.
*The price is at a premium of 2.0% to the 1-month volume weighted average price (VWP) of 3.0c. Given that
this premium has exceeded 2.0% sixty-two times and been under 2.0% twenty-five times in the last year, the
upside:downside probability is estimated at 62:25 or 2.5:1.
*Based on 1,859,133,724 issued equity shares the market capitalisation is $52.1 million. It is Australia's 307th
largest Materials company by assets.
*The stock is trading above both its MAPs at 2.0c for the 200-day MAP and 2.0c for the 50-day MAP.
*Signature Metals has announced an increase of 326,375,372 shares (or 21.3%) in total Share on issue from
1,532,758,352 to 1,859,133,724. The effective date is 08 Nov, 2010.
*Its short term rises have been combined with strong volume resulting in strong momentum rises over 1 day.
Significantly its price of 2.80c is at a premium of 40% to its 200-day moving average price of 2.0c. Its 52-week
range has been 4.0c to 1.60c; it is trading at a discount of 30 % to its 52-week high and a premium of 75 % to
its 52-week low.
*The stock traded between an intraday low of 2.70c and five-day high of 3.0c, suggesting a trading
opportunity between peaks and troughs.
*
*Signature Metals is Australia's 219th largest materials company...
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