Diatreme Resources Limited (DRX) is an emerging Australian producer or mineral sands. Based in Brisbane, Australia. Company's flagship project is the Cyclone Zircon Project in Western Australia's Eucla Basin. Diatreme maintained its ongoing focus on advancing development activities and mineral exploration within Australia, particularly targeting the Company's West Australian Cyclone Zircon Project and Queensland's Cape Bedford Silica Sand Project.
SP: .013 Disc: I don’t hold…and as always watch the cash on hand and cash burn (see below)
MC: 19m…..
SOI: 1.5b undiluted Source: Vector Vest
Last quarter Cash flow and Activity reports Source: CommSec
Catalyst: The chart shows the SP is moving out of a downtrend. Revenue looks to be rising. There is a 5/12 EMA crossover and being supported with up-trending MACD signal lines which are crossing through zero, the histograms are also above zero and trending upwards. The indicator at the bottom of my chart named RT is a proprietary indicator of Vector Vest and when the Red line is crossing above 1.00 and accompanied with increasing volume and that supporting MACD set up I just mentioned say’s to me that it’s “usually” a very bullish sign. The chart shows Volume has been rising. The last few price bars have closed on their high’s
6-month daily chart Dotted lines = white 34 sma, green 50 sma, red 100 sma
Solid lines = green 5 ema, red 12 ema
Solid lines = pink Support and Resistance, auto-loaded
