Short Term Trading Week Starting: 4 Sept, page-230

STTCOMP PUR, TA Long

PUR : PURSUIT MINERALS LTD
SP: 20c
MC: $10 (Approx - Undiluted)
Cash : $6m
EV : $3m (undiluted)
Shares: 49.6m
Recently listed IPO @20c.

Not enough data for daily and weekly and so posting hourly chart.
After expecting bounce in morning, PUR being continually sold down making it fall into oversold territory on hourly & daily chart.
Currently chart is not looking good so caution require.
However, being in highly oversold territory means once supply is over, PUR has great potential to climb back over 25c on drilling results from BlueBush Zinc project and start of new drilling at Paperbark due to its very low EV compare to peers...

Hourly Chart:
View attachment 719022