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ELRRF
Stock ticker:
OTC
AS OF
Aug 15 closing price
Price
$3.07
Change
-$0.00 (-0.00%)
Capitalization
216.53M

ELRRF Price Prediction, Eloro Resources Ltd AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Aug 15, 2022

ELRRF in +0.80% Uptrend, growing for three consecutive days on August 10, 2022

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ELRRF advanced for three days, in 122 of 140 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

ELRRF moved above its 50-day moving average on July 21, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ELRRF crossed bullishly above the 50-day moving average on July 28, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 208 cases where ELRRF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ELRRF moved out of overbought territory on August 02, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on August 11, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on ELRRF as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ELRRF turned negative on August 11, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ELRRF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ELRRF broke above its upper Bollinger Band on July 22, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ELRRF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.463) is normal, around the industry mean (21.888). P/E Ratio (0.000) is within average values for comparable stocks, (83.452). ELRRF has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (0.000) is also within normal values, averaging (112.146).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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published Highlights

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Yamana Gold (NYSE:AUY), Kinross Gold Corp (NYSE:KGC), Pan American Silver Corp (NASDAQ:PAAS), SSR Mining (NASDAQ:SSRM), Hecla Mining Company (NYSE:HL), FIRST MAJESTIC SILVER Corp (NYSE:AG).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 700.83M. The market cap for tickers in the group ranges from 575 to 36.46B. NEM holds the highest valuation in this group at 36.46B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was 1%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was -21%. DFIFF experienced the highest price growth at 291%, while EEYMF experienced the biggest fall at -79%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was -32%. For the same stocks of the Industry, the average monthly volume growth was -46% and the average quarterly volume growth was -46%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 74
Price Growth Rating: 50
SMR Rating: 85
Profit Risk Rating: 88
Seasonality Score: -6 (-100 ... +100)
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ELRRF
Buy/Sell Ratings
 
 
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published General Information

General Information

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
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Address
20 Adelaide Street East
Phone
+1 416 868-9168
Employees
15
Web
https://www.elororesources.com

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