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29Metals Ltd
Buy, Hold or Sell?

Let's analyze 29metals together

I guess you are interested in 29Metals Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of 29Metals Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of 29metals (30 sec.)










1.2. What can you expect buying and holding a share of 29metals? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
14.3%

What is your share worth?

Current worth
A$0.45
Expected worth in 1 year
A$0.31
How sure are you?
28.6%

+ What do you gain per year?

Total Gains per Share
A$-0.14
Return On Investment
-34.6%

For what price can you sell your share?

Current Price per Share
A$0.39
Expected price per share
A$0.185 - A$0.6
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of 29metals (5 min.)




Live pricePrice per Share (EOD)
A$0.39
Intrinsic Value Per Share
A$-1.25 - A$-1.47
Total Value Per Share
A$-0.80 - A$-1.02

2.2. Growth of 29metals (5 min.)




Is 29metals growing?

Current yearPrevious yearGrowGrow %
How rich?$209.3m$373.4m-$128.7m-52.6%

How much money is 29metals making?

Current yearPrevious yearGrowGrow %
Making money-$51.3m-$88.1m$36.7m71.5%
Net Profit Margin-54.0%-71.5%--

How much money comes from the company's main activities?

2.3. Financial Health of 29metals (5 min.)




2.4. Comparing to competitors in the Other Precious Metals & Mining industry (5 min.)




  Industry Rankings (Other Precious Metals & Mining)  


Richest
#24 / 221

Most Revenue
#14 / 221

Most Profit
#220 / 221

Most Efficient
#186 / 221
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of 29metals?

Welcome investor! 29metals's management wants to use your money to grow the business. In return you get a share of 29metals.

First you should know what it really means to hold a share of 29metals. And how you can make/lose money.

Speculation

The Price per Share of 29metals is A$0.39. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of 29metals.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in 29metals, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.45. Based on the TTM, the Book Value Change Per Share is A$-0.03 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.13 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of 29metals.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.05-13.2%-0.07-18.8%-0.08-21.5%-0.03-8.3%-0.03-8.3%
Usd Book Value Change Per Share0.000.0%-0.02-5.7%-0.09-21.9%0.025.5%0.025.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.9%0.000.2%0.000.2%
Usd Total Gains Per Share0.000.0%-0.02-5.7%-0.08-21.0%0.025.7%0.025.7%
Usd Price Per Share0.28-0.35-1.03-0.86-0.86-
Price to Earnings Ratio-1.35--1.31--8.29-285.76-285.76-
Price-to-Total Gains Ratio19.29-35.12-157.04-157.04-
Price to Book Ratio0.93-1.00-1.89-1.47-1.47-
Price-to-Total Gains Ratio19.29-35.12-157.04-157.04-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.258648
Number of shares3866
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.020.02
Usd Total Gains Per Share-0.020.02
Gains per Quarter (3866 shares)-86.5686.10
Gains per Year (3866 shares)-346.23344.42
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-346-35615329334
20-692-70230659678
30-1039-1048459881022
40-1385-13946013171366
50-1731-17407516471710
60-2077-20869019762054
70-2424-243210523052398
80-2770-277812126352742
90-3116-312413629643086
100-3462-347015132943430

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%4.08.00.033.3%6.08.00.042.9%6.08.00.042.9%6.08.00.042.9%
Book Value Change Per Share1.01.02.025.0%3.03.06.025.0%3.03.08.021.4%3.03.08.021.4%3.03.08.021.4%
Dividend per Share0.00.04.00.0%2.00.010.016.7%2.00.012.014.3%2.00.012.014.3%2.00.012.014.3%
Total Gains per Share1.01.02.025.0%4.03.05.033.3%4.03.07.028.6%4.03.07.028.6%4.03.07.028.6%
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3.2. Key Performance Indicators

The key performance indicators of 29Metals Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share----0.0340%-0.1290%0.032-100%0.032-100%
Book Value Per Share--0.4500.526-14%0.802-44%0.693-35%0.693-35%
Current Ratio--0.8901.034-14%1.290-31%1.190-25%1.190-25%
Debt To Asset Ratio--0.6450.625+3%0.515+25%0.444+45%0.444+45%
Debt To Equity Ratio--1.8151.681+8%1.102+65%0.998+82%0.998+82%
Dividend Per Share----0%0.005-100%0.001-100%0.001-100%
Eps---0.078-0.110+42%-0.126+62%-0.049-37%-0.049-37%
Free Cash Flow Per Share---0.023-0.042+86%-0.037+63%-0.017-24%-0.017-24%
Free Cash Flow To Equity Per Share---0.0420.002-2808%-0.047+12%0.007-706%0.007-706%
Gross Profit Margin--1.0571.232-14%1.0620%-5.982+666%-5.982+666%
Intrinsic Value_10Y_max---1.469--------
Intrinsic Value_10Y_min---1.249--------
Intrinsic Value_1Y_max---0.093--------
Intrinsic Value_1Y_min---0.091--------
Intrinsic Value_3Y_max---0.320--------
Intrinsic Value_3Y_min---0.304--------
Intrinsic Value_5Y_max---0.597--------
Intrinsic Value_5Y_min---0.551--------
Market Cap273808853.760-8%294871073.280374731988.960-21%1089969860.160-73%911693216.366-68%911693216.366-68%
Net Profit Margin---0.449-0.540+20%-0.715+59%-0.317-29%-0.317-29%
Operating Margin---0.188-0.388+107%-0.235+25%-0.126-33%-0.126-33%
Operating Ratio--1.3931.359+3%1.488-6%1.208+15%1.208+15%
Pb Ratio0.867-8%0.9340.999-6%1.893-51%1.466-36%1.466-36%
Pe Ratio-1.254+7%-1.350-1.306-3%-8.286+514%285.761-100%285.761-100%
Price Per Share0.390-8%0.4200.534-21%1.553-73%1.299-68%1.299-68%
Price To Free Cash Flow Ratio-4.289+7%-4.619-4.186-9%3.025-253%10.760-143%10.760-143%
Quick Ratio--0.5410.662-18%0.913-41%0.824-34%0.824-34%
Return On Assets---0.061-0.076+24%-0.131+113%-0.049-19%-0.049-19%
Return On Equity---0.173-0.205+19%-0.305+76%-0.129-25%-0.129-25%
Total Gains Per Share----0.0340%-0.1230%0.034-100%0.034-100%
Usd Book Value--209337753.600244718147.200-14%373430345.200-44%322621124.686-35%322621124.686-35%
Usd Book Value Change Per Share----0.0220%-0.0850%0.021-100%0.021-100%
Usd Book Value Per Share--0.2980.349-14%0.532-44%0.460-35%0.460-35%
Usd Dividend Per Share----0%0.003-100%0.001-100%0.001-100%
Usd Eps---0.052-0.073+42%-0.084+62%-0.033-37%-0.033-37%
Usd Free Cash Flow---10584008.137-19703671.668+86%-17226454.200+63%-8076804.838-24%-8076804.838-24%
Usd Free Cash Flow Per Share---0.015-0.028+86%-0.025+63%-0.012-24%-0.012-24%
Usd Free Cash Flow To Equity Per Share---0.0280.001-2808%-0.031+12%0.005-706%0.005-706%
Usd Market Cap181590031.814-8%195558495.799248522255.078-21%722868011.258-73%604634941.094-68%604634941.094-68%
Usd Price Per Share0.259-8%0.2790.354-21%1.030-73%0.861-68%0.861-68%
Usd Profit---36206077.600-51378103.668+42%-88109187.300+143%-31226961.391-14%-31226961.391-14%
Usd Revenue--80587090.00092881740.300-13%143612809.800-44%137028915.486-41%137028915.486-41%
Usd Total Gains Per Share----0.0220%-0.0820%0.022-100%0.022-100%
 EOD+2 -5MRQTTM+14 -15YOY+16 -155Y+5 -3010Y+5 -30

3.3 Fundamental Score

Let's check the fundamental score of 29Metals Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.254
Price to Book Ratio (EOD)Between0-10.867
Net Profit Margin (MRQ)Greater than0-0.449
Operating Margin (MRQ)Greater than0-0.188
Quick Ratio (MRQ)Greater than10.541
Current Ratio (MRQ)Greater than10.890
Debt to Asset Ratio (MRQ)Less than10.645
Debt to Equity Ratio (MRQ)Less than11.815
Return on Equity (MRQ)Greater than0.15-0.173
Return on Assets (MRQ)Greater than0.05-0.061
Total2/10 (20.0%)

3.4 Technical Score

Let's check the technical score of 29Metals Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.999
Ma 20Greater thanMa 500.460
Ma 50Greater thanMa 1000.431
Ma 100Greater thanMa 2000.414
OpenGreater thanClose0.390
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About 29Metals Ltd

29Metals Limited explores, develops, and produces copper focused base and precious metals. The company explores for copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove property located in Western Australia; and the Capricorn Copper property situated in Queensland. In addition, the company holds interest in the Redhill project located in southern Chile. 29Metals Limited was incorporated in 2021 and is headquartered in Melbourne, Australia.

Fundamental data was last updated by Penke on 2024-10-29 14:35:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit 29metals earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • A Net Profit Margin of -44.9% means that $-0.45 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of 29Metals Ltd:

  • The MRQ is -44.9%. The company is making a huge loss. -2
  • The TTM is -54.0%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-44.9%TTM-54.0%+9.1%
TTM-54.0%YOY-71.5%+17.6%
TTM-54.0%5Y-31.7%-22.3%
5Y-31.7%10Y-31.7%0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-44.9%-24.1%-20.8%
TTM-54.0%-30.8%-23.2%
YOY-71.5%-93.1%+21.6%
5Y-31.7%-124.2%+92.5%
10Y-31.7%-288.7%+257.0%
4.3.1.2. Return on Assets

Shows how efficient 29metals is using its assets to generate profit.

  • Above 5% is considered healthy but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • -6.1% Return on Assets means that 29metals generated $-0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of 29Metals Ltd:

  • The MRQ is -6.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -7.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-6.1%TTM-7.6%+1.5%
TTM-7.6%YOY-13.1%+5.4%
TTM-7.6%5Y-4.9%-2.7%
5Y-4.9%10Y-4.9%0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.1%-6.2%+0.1%
TTM-7.6%-6.2%-1.4%
YOY-13.1%-9.0%-4.1%
5Y-4.9%-10.4%+5.5%
10Y-4.9%-12.7%+7.8%
4.3.1.3. Return on Equity

Shows how efficient 29metals is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • -17.3% Return on Equity means 29metals generated $-0.17 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of 29Metals Ltd:

  • The MRQ is -17.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -20.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-17.3%TTM-20.5%+3.2%
TTM-20.5%YOY-30.5%+10.0%
TTM-20.5%5Y-12.9%-7.6%
5Y-12.9%10Y-12.9%0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-17.3%-5.6%-11.7%
TTM-20.5%-5.5%-15.0%
YOY-30.5%-9.6%-20.9%
5Y-12.9%-12.6%-0.3%
10Y-12.9%-13.9%+1.0%
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4.3.2. Operating Efficiency of 29Metals Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient 29metals is operating .

  • Measures how much profit 29metals makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • An Operating Margin of -18.8% means the company generated $-0.19  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of 29Metals Ltd:

  • The MRQ is -18.8%. The company is operating very inefficient. -2
  • The TTM is -38.8%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-18.8%TTM-38.8%+20.1%
TTM-38.8%YOY-23.5%-15.4%
TTM-38.8%5Y-12.6%-26.2%
5Y-12.6%10Y-12.6%0.0%
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-18.8%-4.8%-14.0%
TTM-38.8%-44.9%+6.1%
YOY-23.5%-96.2%+72.7%
5Y-12.6%-261.4%+248.8%
10Y-12.6%-422.3%+409.7%
4.3.2.2. Operating Ratio

Measures how efficient 29metals is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • An Operation Ratio of 1.39 means that the operating costs are $1.39 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of 29Metals Ltd:

  • The MRQ is 1.393. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.359. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.393TTM1.359+0.034
TTM1.359YOY1.488-0.129
TTM1.3595Y1.208+0.152
5Y1.20810Y1.2080.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3931.158+0.235
TTM1.3591.377-0.018
YOY1.4882.099-0.611
5Y1.2084.045-2.837
10Y1.2086.127-4.919
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4.4.3. Liquidity of 29Metals Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if 29metals is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • A Current Ratio of 0.89 means the company has $0.89 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of 29Metals Ltd:

  • The MRQ is 0.890. The company is just not able to pay all its short-term debts. -1
  • The TTM is 1.034. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.890TTM1.034-0.144
TTM1.034YOY1.290-0.256
TTM1.0345Y1.190-0.156
5Y1.19010Y1.1900.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8902.259-1.369
TTM1.0342.409-1.375
YOY1.2902.973-1.683
5Y1.1905.522-4.332
10Y1.1905.743-4.553
4.4.3.2. Quick Ratio

Measures if 29metals is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • A Quick Ratio of 0.54 means the company can pay off $0.54 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of 29Metals Ltd:

  • The MRQ is 0.541. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.662. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.541TTM0.662-0.121
TTM0.662YOY0.913-0.251
TTM0.6625Y0.824-0.162
5Y0.82410Y0.8240.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5411.117-0.576
TTM0.6621.227-0.565
YOY0.9131.760-0.847
5Y0.8242.415-1.591
10Y0.8242.704-1.880
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4.5.4. Solvency of 29Metals Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of 29metals assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare 29metals to Other Precious Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.64 means that 29metals assets are financed with 64.5% credit (debt) and the remaining percentage (100% - 64.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of 29Metals Ltd:

  • The MRQ is 0.645. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.625. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.645TTM0.625+0.020
TTM0.625YOY0.515+0.110
TTM0.6255Y0.444+0.181
5Y0.44410Y0.4440.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6450.129+0.516
TTM0.6250.131+0.494
YOY0.5150.118+0.397
5Y0.4440.175+0.269
10Y0.4440.230+0.214
4.5.4.2. Debt to Equity Ratio

Measures if 29metals is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • A Debt to Equity ratio of 181.5% means that company has $1.82 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of 29Metals Ltd:

  • The MRQ is 1.815. The company is just able to pay all its debts with equity.
  • The TTM is 1.681. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.815TTM1.681+0.134
TTM1.681YOY1.102+0.578
TTM1.6815Y0.998+0.683
5Y0.99810Y0.9980.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8150.114+1.701
TTM1.6810.128+1.553
YOY1.1020.114+0.988
5Y0.9980.154+0.844
10Y0.9980.196+0.802
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings 29metals generates.

  • Above 15 is considered overpriced but always compare 29metals to the Other Precious Metals & Mining industry mean.
  • A PE ratio of -1.35 means the investor is paying $-1.35 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of 29Metals Ltd:

  • The EOD is -1.254. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.350. Based on the earnings, the company is expensive. -2
  • The TTM is -1.306. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.254MRQ-1.350+0.096
MRQ-1.350TTM-1.306-0.044
TTM-1.306YOY-8.286+6.979
TTM-1.3065Y285.761-287.067
5Y285.76110Y285.7610.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-1.254-7.106+5.852
MRQ-1.350-5.959+4.609
TTM-1.306-6.826+5.520
YOY-8.286-8.078-0.208
5Y285.761-10.793+296.554
10Y285.761-12.566+298.327
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of 29Metals Ltd:

  • The EOD is -4.289. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -4.619. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -4.186. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.289MRQ-4.619+0.330
MRQ-4.619TTM-4.186-0.433
TTM-4.186YOY3.025-7.211
TTM-4.1865Y10.760-14.947
5Y10.76010Y10.7600.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-4.289-6.506+2.217
MRQ-4.619-5.927+1.308
TTM-4.186-6.862+2.676
YOY3.025-8.272+11.297
5Y10.760-10.034+20.794
10Y10.760-11.310+22.070
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of 29metals is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Precious Metals & Mining industry mean).
  • A PB ratio of 0.93 means the investor is paying $0.93 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of 29Metals Ltd:

  • The EOD is 0.867. Based on the equity, the company is cheap. +2
  • The MRQ is 0.934. Based on the equity, the company is cheap. +2
  • The TTM is 0.999. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.867MRQ0.934-0.067
MRQ0.934TTM0.999-0.065
TTM0.999YOY1.893-0.894
TTM0.9995Y1.466-0.468
5Y1.46610Y1.4660.000
Compared to industry (Other Precious Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD0.8671.125-0.258
MRQ0.9341.201-0.267
TTM0.9991.228-0.229
YOY1.8931.859+0.034
5Y1.4662.306-0.840
10Y1.4662.529-1.063
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets888,620
Total Liabilities572,972
Total Stockholder Equity315,648
 As reported
Total Liabilities 572,972
Total Stockholder Equity+ 315,648
Total Assets = 888,620

Assets

Total Assets888,620
Total Current Assets227,346
Long-term Assets661,274
Total Current Assets
Cash And Cash Equivalents 84,704
Short-term Investments 12,520
Net Receivables 28,556
Inventory 97,518
Total Current Assets  (as reported)227,346
Total Current Assets  (calculated)223,298
+/- 4,048
Long-term Assets
Property Plant Equipment 658,159
Intangible Assets 56
Long-term Assets Other 3,059
Long-term Assets  (as reported)661,274
Long-term Assets  (calculated)661,274
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities255,441
Long-term Liabilities317,531
Total Stockholder Equity315,648
Total Current Liabilities
Short-term Debt 74,900
Accounts payable 131,389
Other Current Liabilities 12,006
Total Current Liabilities  (as reported)255,441
Total Current Liabilities  (calculated)218,295
+/- 37,146
Long-term Liabilities
Long-term Liabilities  (as reported)317,531
Long-term Liabilities  (calculated)0
+/- 317,531
Total Stockholder Equity
Common Stock796,408
Retained Earnings -485,485
Accumulated Other Comprehensive Income 4,725
Total Stockholder Equity (as reported)315,648
Total Stockholder Equity (calculated)315,648
+/-0
Other
Cash and Short Term Investments 97,224
Common Stock Shares Outstanding 701,594
Current Deferred Revenue37,146
Liabilities and Stockholders Equity 888,620
Net Debt 132,092
Net Working Capital -28,095
Short Long Term Debt Total 216,796



6.2. Balance Sheets Structured

Currency in AUD. All numbers in thousands.

 Trend2024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-31
> Total Assets 
0
0
1,315,179
1,359,505
1,296,659
1,296,659
1,292,972
1,292,972
984,305
984,305
981,205
1,169,583
888,620
888,620
888,620888,6201,169,583981,205984,305984,3051,292,9721,292,9721,296,6591,296,6591,359,5051,315,17900
   > Total Current Assets 
107,215
0
351,843
351,843
365,102
365,102
344,956
344,956
235,028
235,028
306,660
306,660
227,346
227,346
227,346227,346306,660306,660235,028235,028344,956344,956365,102365,102351,843351,8430107,215
       Cash And Cash Equivalents 
-107,215
0
197,472
197,472
228,728
228,728
171,962
171,962
126,644
126,644
161,859
161,859
84,704
84,704
84,70484,704161,859161,859126,644126,644171,962171,962228,728228,728197,472197,4720-107,215
       Short-term Investments 
214,430
0
12,682
12,682
0
14,354
12,500
12,500
12,520
12,520
12,500
12,500
12,520
12,520
12,52012,52012,50012,50012,52012,52012,50012,50014,354012,68212,6820214,430
       Net Receivables 
0
0
36,182
55,047
3,938
21,962
46,202
51,630
19,075
19,075
18,490
28,078
28,556
28,556
28,55628,55628,07818,49019,07519,07551,63046,20221,9623,93855,04736,18200
       Other Current Assets 
0
0
29,389
23,206
42,942
24,918
14,814
9,386
6,956
19,476
18,549
21,461
4,048
16,568
16,5684,04821,46118,54919,4766,9569,38614,81424,91842,94223,20629,38900
   > Long-term Assets 
-107,215
0
963,336
1,007,662
931,557
931,557
948,016
948,016
749,277
749,277
674,545
862,923
661,274
661,274
661,274661,274862,923674,545749,277749,277948,016948,016931,557931,5571,007,662963,3360-107,215
       Property Plant Equipment 
0
0
917,882
872,419
887,825
856,181
885,230
885,230
685,107
651,016
668,777
639,914
658,159
658,159
658,159658,159639,914668,777651,016685,107885,230885,230856,181887,825872,419917,88200
       Intangible Assets 
0
0
168
168
145
145
122
122
100
100
78
78
56
56
5656787810010012212214514516816800
       Long-term Assets Other 
-107,215
0
45,286
50,767
43,587
75,231
62,664
4,592
64,070
40,089
5,690
34,553
3,059
3,059
3,0593,05934,5535,69040,08964,0704,59262,66475,23143,58750,76745,2860-107,215
> Total Liabilities 
0
0
545,643
589,969
525,105
525,105
577,280
577,280
573,850
573,850
558,861
747,239
572,972
572,972
572,972572,972747,239558,861573,850573,850577,280577,280525,105525,105589,969545,64300
   > Total Current Liabilities 
0
0
200,072
200,072
190,070
190,070
223,755
223,755
226,317
226,317
260,511
260,511
255,441
255,441
255,441255,441260,511260,511226,317226,317223,755223,755190,070190,070200,072200,07200
       Short-term Debt 
0
0
15,454
43,185
33,256
48,022
33,742
53,709
92,581
109,084
99,836
119,990
74,900
74,900
74,90074,900119,99099,836109,08492,58153,70933,74248,02233,25643,18515,45400
       Short Long Term Debt 
0
0
0
0
0
0
0
33,742
0
0
0
99,836
0
0
0099,83600033,7420000000
       Accounts payable 
0
0
28,142
24,420
120,138
120,138
60,000
56,840
100,597
100,597
14,888
12,200
131,389
131,389
131,389131,38912,20014,888100,597100,59756,84060,000120,138120,13824,42028,14200
       Other Current Liabilities 
0
0
156,476
132,467
36,676
21,910
130,013
113,206
33,139
16,636
145,787
128,321
49,152
12,006
12,00649,152128,321145,78716,63633,139113,206130,01321,91036,676132,467156,47600
   > Long-term Liabilities 
0
0
345,571
389,897
335,035
335,035
353,525
353,525
347,533
347,533
298,350
486,728
317,531
317,531
317,531317,531486,728298,350347,533347,533353,525353,525335,035335,035389,897345,57100
       Long term Debt Total 
0
0
0
0
0
183,483
0
211,767
0
198,590
0
0
0
0
0000198,5900211,7670183,48300000
       Other Liabilities 
0
0
0
0
151,552
151,552
141,758
141,758
148,943
148,943
0
0
0
0
0000148,943148,943141,758141,758151,552151,5520000
> Total Stockholder Equity
0
0
769,536
769,536
771,554
771,554
715,692
715,692
410,455
410,455
422,344
422,344
315,648
315,648
315,648315,648422,344422,344410,455410,455715,692715,692771,554771,554769,536769,53600
   Common Stock
0
0
646,633
646,633
648,362
648,362
648,464
648,464
649,940
649,940
795,498
795,498
796,408
796,408
796,408796,408795,498795,498649,940649,940648,464648,464648,362648,362646,633646,63300
   Retained Earnings Total Equity00000000000000
   Accumulated Other Comprehensive Income 
0
0
1,890
1,890
1,789
1,789
3,064
3,064
3,018
3,018
3,145
3,145
4,725
4,725
4,7254,7253,1453,1453,0183,0183,0643,0641,7891,7891,8901,89000
   Capital Surplus 00000000000000
   Treasury Stock00000000000000
   Other Stockholders Equity 
0
0
0
0
1,789
1,789
0
3,064
0
3,018
0
0
0
0
00003,01803,06401,7891,7890000



6.3. Balance Sheets

Currency in AUD. All numbers in thousands.




6.4. Cash Flows

Currency in AUD. All numbers in thousands.




6.5. Income Statements

Currency in AUD. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2023-12-31. Currency in AUD. All numbers in thousands.

Gross Profit (+$)
totalRevenue449,250
Cost of Revenue-548,472
Gross Profit-99,222-99,222
 
Operating Income (+$)
Gross Profit-99,222
Operating Expense-42,858
Operating Income-142,080-142,080
 
Operating Expense (+$)
Research Development0
Selling General Administrative34,294
Selling And Marketing Expenses498
Operating Expense42,85834,792
 
Net Interest Income (+$)
Interest Income5,234
Interest Expense-27,007
Other Finance Cost-7,563
Net Interest Income-29,336
 
Pretax Income (+$)
Operating Income-142,080
Net Interest Income-29,336
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-382,39198,231
EBIT - interestExpense = -169,087
-382,391
-413,456
Interest Expense27,007
Earnings Before Interest and Taxes (EBIT)-142,080-355,384
Earnings Before Interest and Taxes (EBITDA)-17,622
 
After tax Income (+$)
Income Before Tax-382,391
Tax Provision-58,072
Net Income From Continuing Ops-440,463-440,463
Net Income-440,463
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses591,330
Total Other Income/Expenses Net-240,31129,336
 

Technical Analysis of 29metals
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of 29metals. The general trend of 29metals is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine 29metals's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-14.3%) Bearish trend (14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of 29Metals Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.47 < 0.57 < 0.6.

The bearish price targets are: 0.31 > 0.185 > 0.185.

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29Metals Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of 29Metals Ltd. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

29Metals Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of 29Metals Ltd. The current macd is -0.0165304.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the 29metals price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for 29metals. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the 29metals price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
29Metals Ltd Daily Moving Average Convergence/Divergence (MACD) Chart29Metals Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of 29Metals Ltd. The current adx is 23.90.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell 29metals shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
29Metals Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of 29Metals Ltd. The current sar is 0.48846237.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
29Metals Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of 29Metals Ltd. The current rsi is 37.00. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
29Metals Ltd Daily Relative Strength Index (RSI) Chart29Metals Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of 29Metals Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the 29metals price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
29Metals Ltd Daily Stochastic Oscillator Chart29Metals Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of 29Metals Ltd. The current cci is -106.54936461.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
29Metals Ltd Daily Commodity Channel Index (CCI) Chart29Metals Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of 29Metals Ltd. The current cmo is -41.40620756.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
29Metals Ltd Daily Chande Momentum Oscillator (CMO) Chart29Metals Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of 29Metals Ltd. The current willr is -97.2972973.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
29Metals Ltd Daily Williams %R Chart29Metals Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of 29Metals Ltd.

29Metals Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of 29Metals Ltd. The current atr is 0.02799362.

29Metals Ltd Daily Average True Range (ATR) Chart29Metals Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of 29Metals Ltd. The current obv is -131,960,096.

29Metals Ltd Daily On-Balance Volume (OBV) Chart29Metals Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of 29Metals Ltd. The current mfi is 31.24.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
29Metals Ltd Daily Money Flow Index (MFI) Chart29Metals Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for 29Metals Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-06-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-27STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-06-28MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-01MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-23STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-25STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-31MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-08-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-08-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-08-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-08-23STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-08-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-08-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-08-30STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-09-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-06STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-09-10STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-09-11MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-09-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-09-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-09-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-09-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-09-24BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-09-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-30STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-02STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-04MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-10-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-10-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-10-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-10-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-10-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-04STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

29Metals Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of 29Metals Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5036.999
Ma 20Greater thanMa 500.460
Ma 50Greater thanMa 1000.431
Ma 100Greater thanMa 2000.414
OpenGreater thanClose0.390
Total2/5 (40.0%)
Penke
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