Technical Analysis for MET - Metalore Resources Limited

Grade Last Price % Change Price Change
D 2.850 0.00% 0.000
MET closed down 3.39 percent on Tuesday, June 4, 2024, on 8 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
Crossed Above 50 DMA Bullish -3.39%
Bollinger Band Squeeze Range Contraction -3.39%
Narrow Range Bar Range Contraction -3.39%
Gapped Up Strength -3.39%
Fell Below 50 DMA Bearish -1.72%

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Profile

Metalore Resources Limited Description

Metalore Resources Limited is a junior resource company. The Company is engaged in the exploration, development and production of natural gas in Southwestern Ontario and in early-stage exploration of precious metals in Northwestern Ontario. The Company owns and/or controls approximately 40,000 acres of petroleum, natural gas and mineral leases in Charlotteville, Walsingham and Houghton townships in Norfolk County, Ontario. It produces natural gas from over 80 wells in approximately two townships in Norfolk County, Ontario. The Company holds interest in Beardmore/Geraldton Gold properties, located in Northwestern Ontario, approximately 180 kilometers northeast of Thunder Bay, Ontario. The Company holds interest in the Cedartree Lake Gold Property (CLG), which consists of over 200 claim units that cover approximately 8,000 acres. The CLG Property is located approximately 80 kilometers southeast of the town of Kenora, Ontario, over 20 kilometers southeast of Sioux Narrows.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Mineral Gold Metal Metals Natural Gas Precious Metal Petroleum Precious Metals Ships Northwestern Ontario Cedar Beardmore Dart Siou

Is MET a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.5
52 Week Low 2.15
Average Volume 1,326
200-Day Moving Average 2.605
50-Day Moving Average 2.918
20-Day Moving Average 2.898
10-Day Moving Average 2.912
Average True Range 0.124
RSI (14) 48.72
ADX 8.83
+DI 50.334
-DI 48.762
Chandelier Exit (Long, 3 ATRs) 2.818
Chandelier Exit (Short, 3 ATRs) 2.772
Upper Bollinger Bands 3.216
Lower Bollinger Band 2.580
Percent B (%b) 0.42
BandWidth 21.974
MACD Line 0.013
MACD Signal Line 0.013
MACD Histogram 0.0003
Fundamentals Value
Market Cap 5.06 Million
Num Shares 1.78 Million
EPS 0.12
Price-to-Earnings (P/E) Ratio 24.15
Price-to-Sales 5.87
Price-to-Book 0.59
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.850
Resistance 3 (R3) 2.850 2.850 2.850
Resistance 2 (R2) 2.850 2.850 2.850 2.850
Resistance 1 (R1) 2.850 2.850 2.850 2.850 2.850
Pivot Point 2.850 2.850 2.850 2.850 2.850
Support 1 (S1) 2.850 2.850 2.850 2.850 2.850
Support 2 (S2) 2.850 2.850 2.850 2.850
Support 3 (S3) 2.850 2.850 2.850
Support 4 (S4) 2.850