Short Term Trading Week Starting: 12 August, page-18

STTCOMP MRV TA LONG
Moreton Resources Ltd
Silver/Coal
SP---0.7c
MC---23,300,778
SOI---3.1B (T20 hold 67% just over 2B)
CASH---81,000
DEBT---13.4m
Not good numbers, heaps of shares and large debt but there is a change of character on chart
Break of  downtrend , long consolidation period and now SP moving upward on large unusual volume
May be a possible CR pump/ but may be trade in it!

From quarterly report--"Moreton finished the June 2019 Quarter with approximately $81,000 in cash. The Company has a forecast range based on production of Silver, to close the July-September quarter with approx. $1- $1.5 million in cash at bank. This, however, will be dependent upon the Boards decision to bring down debt which is also a primary focus of the group."



I do not hold this and do not recommend buying (this is purely for comp tip)