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Spartan Resources Limited
Buy, Hold or Sell?

Let's analyze Spartan Resources Limited together

I guess you are interested in Spartan Resources Limited. 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 Spartan Resources Limited. 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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Quick analysis of Spartan Resources Limited (30 sec.)










What can you expect buying and holding a share of Spartan Resources Limited? (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?
30.0%

What is your share worth?

Current worth
A$0.09
Expected worth in 1 year
A$0.12
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
A$0.03
Return On Investment
2.5%

For what price can you sell your share?

Current Price per Share
A$1.28
Expected price per share
A$0.79 - A$
How sure are you?
50%
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1. Valuation of Spartan Resources Limited (5 min.)




Live pricePrice per Share (EOD)

A$1.28

Intrinsic Value Per Share

A$-0.37 - A$0.38

Total Value Per Share

A$-0.28 - A$0.46

2. Growth of Spartan Resources Limited (5 min.)




Is Spartan Resources Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$61.7m$55.9m$5.8m9.4%

How much money is Spartan Resources Limited making?

Current yearPrevious yearGrowGrow %
Making money-$23m-$53.3m$30.2m131.6%
Net Profit Margin-61.3%-44.1%--

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

3. Financial Health of Spartan Resources Limited (5 min.)




4. Comparing to competitors in the Gold industry (5 min.)




  Industry Rankings (Gold)  

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What can you expect buying and holding a share of Spartan Resources Limited? (5 min.)

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

What can you expect buying and holding a share of Spartan Resources Limited?

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

Speculation

The Price per Share of Spartan Resources Limited is A$1.275. 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 Spartan Resources Limited.
  • 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 Spartan Resources Limited, 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$0.09. Based on the TTM, the Book Value Change Per Share is A$0.01 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.02 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 Spartan Resources Limited.

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-0.02-1.6%-0.02-1.6%-0.05-3.8%-0.03-2.5%-0.02-1.3%
Usd Book Value Change Per Share0.010.4%0.010.4%-0.01-1.0%0.00-0.2%0.000.3%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.021.3%0.010.6%
Usd Total Gains Per Share0.010.4%0.010.4%-0.01-1.0%0.011.1%0.011.0%
Usd Price Per Share0.11-0.11-0.16-0.09-0.15-
Price to Earnings Ratio-5.50--5.50--3.33--3.27--214.38-
Price-to-Total Gains Ratio21.77-21.77--12.06-4.46--210.79-
Price to Book Ratio2.05-2.05-3.17-1.66-4.29-
Price-to-Total Gains Ratio21.77-21.77--12.06-4.46--210.79-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.8352525
Number of shares1197
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.02
Usd Book Value Change Per Share0.010.00
Usd Total Gains Per Share0.010.01
Gains per Quarter (1197 shares)6.3016.10
Gains per Year (1197 shares)25.2264.41
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10251577-1354
205040154-25118
307665231-38182
4010190308-50246
50126115385-63310
60151140462-76374
70177165539-88438
80202190616-101502
90227215693-113566
100252240770-126630

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 Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%1.09.00.010.0%1.013.00.07.1%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%10.04.00.071.4%
Dividend per Share0.00.01.00.0%1.00.02.033.3%3.00.02.060.0%3.00.07.030.0%3.00.011.021.4%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.04.00.060.0%10.04.00.071.4%
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Fundamentals of Spartan Resources Limited

About Spartan Resources Limited

Spartan Resources Limited engages in the exploration, evaluation, and development of gold projects. Its flagship project is the Dalgaranga gold project, which covers an area of 500 square kilometers located to the north-west of Mt Magnet in Western Australia. The company was formerly known as Gascoyne Resources Limited and changed its name to Spartan Resources Limited in August 2023. Spartan Resources Limited was incorporated in 2009 and is headquartered in West Perth, Australia.

Fundamental data was last updated by Penke on 2024-07-16 17:23:03.

Financial Health

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 very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
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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1.1. Profitability of Spartan Resources Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Spartan Resources Limited earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Spartan Resources Limited to the Gold industry mean.
  • A Net Profit Margin of -61.3% means that $-0.61 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Spartan Resources Limited:

  • The MRQ is -61.3%. The company is making a huge loss. -2
  • The TTM is -61.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-61.3%TTM-61.3%0.0%
TTM-61.3%YOY-44.1%-17.2%
TTM-61.3%5Y-47.5%-13.7%
5Y-47.5%10Y-765.6%+718.0%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-61.3%-6.5%-54.8%
TTM-61.3%-7.8%-53.5%
YOY-44.1%-5.3%-38.8%
5Y-47.5%-19.5%-28.0%
10Y-765.6%-30.3%-735.3%
1.1.2. Return on Assets

Shows how efficient Spartan Resources Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Spartan Resources Limited to the Gold industry mean.
  • -20.6% Return on Assets means that Spartan Resources Limited generated $-0.21 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Spartan Resources Limited:

  • The MRQ is -20.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -20.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-20.6%TTM-20.6%0.0%
TTM-20.6%YOY-47.9%+27.3%
TTM-20.6%5Y-27.6%+7.1%
5Y-27.6%10Y-16.1%-11.5%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-20.6%-3.7%-16.9%
TTM-20.6%-4.2%-16.4%
YOY-47.9%-4.9%-43.0%
5Y-27.6%-7.5%-20.1%
10Y-16.1%-9.5%-6.6%
1.1.3. Return on Equity

Shows how efficient Spartan Resources Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Spartan Resources Limited to the Gold industry mean.
  • -37.9% Return on Equity means Spartan Resources Limited generated $-0.38 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Spartan Resources Limited:

  • The MRQ is -37.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -37.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-37.9%TTM-37.9%0.0%
TTM-37.9%YOY-96.9%+59.0%
TTM-37.9%5Y-73.7%+35.9%
5Y-73.7%10Y-39.3%-34.5%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-37.9%-4.0%-33.9%
TTM-37.9%-4.1%-33.8%
YOY-96.9%-5.3%-91.6%
5Y-73.7%-7.6%-66.1%
10Y-39.3%-10.9%-28.4%
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1.2. Operating Efficiency of Spartan Resources Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Spartan Resources Limited is operating .

  • Measures how much profit Spartan Resources Limited 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 Spartan Resources Limited to the Gold industry mean.
  • An Operating Margin of -34.3% means the company generated $-0.34  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Spartan Resources Limited:

  • The MRQ is -34.3%. The company is operating very inefficient. -2
  • The TTM is -34.3%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-34.3%TTM-34.3%0.0%
TTM-34.3%YOY-42.8%+8.5%
TTM-34.3%5Y-16.8%-17.5%
5Y-16.8%10Y-1,278.3%+1,261.5%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-34.3%-42.7%+8.4%
TTM-34.3%0.9%-35.2%
YOY-42.8%2.1%-44.9%
5Y-16.8%-10.1%-6.7%
10Y-1,278.3%-21.7%-1,256.6%
1.2.2. Operating Ratio

Measures how efficient Spartan Resources Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Gold industry mean).
  • An Operation Ratio of 1.32 means that the operating costs are $1.32 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Spartan Resources Limited:

  • The MRQ is 1.324. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.324. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.324TTM1.3240.000
TTM1.324YOY1.434-0.110
TTM1.3245Y1.164+0.161
5Y1.16410Y14.074-12.910
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3241.546-0.222
TTM1.3241.488-0.164
YOY1.4341.236+0.198
5Y1.1641.472-0.308
10Y14.0741.397+12.677
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1.3. Liquidity of Spartan Resources Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Spartan Resources Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Gold industry mean).
  • A Current Ratio of 6.41 means the company has $6.41 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Spartan Resources Limited:

  • The MRQ is 6.413. The company is very able to pay all its short-term debts. +2
  • The TTM is 6.413. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ6.413TTM6.4130.000
TTM6.413YOY2.090+4.323
TTM6.4135Y2.063+4.351
5Y2.06310Y2.781-0.719
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ6.4132.505+3.908
TTM6.4132.575+3.838
YOY2.0902.872-0.782
5Y2.0634.001-1.938
10Y2.7814.540-1.759
1.3.2. Quick Ratio

Measures if Spartan Resources Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Spartan Resources Limited to the Gold industry mean.
  • A Quick Ratio of 5.45 means the company can pay off $5.45 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Spartan Resources Limited:

  • The MRQ is 5.453. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 5.453. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ5.453TTM5.4530.000
TTM5.453YOY1.347+4.106
TTM5.4535Y1.589+3.864
5Y1.58910Y2.527-0.938
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ5.4530.690+4.763
TTM5.4531.056+4.397
YOY1.3471.536-0.189
5Y1.5892.212-0.623
10Y2.5272.514+0.013
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1.4. Solvency of Spartan Resources Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Spartan Resources Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Spartan Resources Limited to Gold industry mean.
  • A Debt to Asset Ratio of 0.45 means that Spartan Resources Limited assets are financed with 44.8% credit (debt) and the remaining percentage (100% - 44.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Spartan Resources Limited:

  • The MRQ is 0.448. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.448. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.448TTM0.4480.000
TTM0.448YOY0.497-0.050
TTM0.4485Y0.577-0.130
5Y0.57710Y0.359+0.219
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4480.203+0.245
TTM0.4480.199+0.249
YOY0.4970.177+0.320
5Y0.5770.221+0.356
10Y0.3590.270+0.089
1.4.2. Debt to Equity Ratio

Measures if Spartan Resources Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Spartan Resources Limited to the Gold industry mean.
  • A Debt to Equity ratio of 82.4% means that company has $0.82 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Spartan Resources Limited:

  • The MRQ is 0.824. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.824. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.824TTM0.8240.000
TTM0.824YOY1.006-0.182
TTM0.8245Y1.783-0.960
5Y1.78310Y1.017+0.766
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8240.209+0.615
TTM0.8240.229+0.595
YOY1.0060.201+0.805
5Y1.7830.255+1.528
10Y1.0170.299+0.718
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2. Market Valuation of Spartan Resources Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Spartan Resources Limited generates.

  • Above 15 is considered overpriced but always compare Spartan Resources Limited to the Gold industry mean.
  • A PE ratio of -5.50 means the investor is paying $-5.50 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Spartan Resources Limited:

  • The EOD is -40.083. Based on the earnings, the company is expensive. -2
  • The MRQ is -5.502. Based on the earnings, the company is expensive. -2
  • The TTM is -5.502. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-40.083MRQ-5.502-34.581
MRQ-5.502TTM-5.5020.000
TTM-5.502YOY-3.325-2.176
TTM-5.5025Y-3.267-2.234
5Y-3.26710Y-214.377+211.109
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD-40.083-4.103-35.980
MRQ-5.502-4.847-0.655
TTM-5.502-4.802-0.700
YOY-3.325-5.901+2.576
5Y-3.267-9.404+6.137
10Y-214.377-9.165-205.212
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Spartan Resources Limited:

  • The EOD is -83.309. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -11.435. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -11.435. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-83.309MRQ-11.435-71.874
MRQ-11.435TTM-11.4350.000
TTM-11.435YOY-5.144-6.290
TTM-11.4355Y-4.345-7.090
5Y-4.34510Y-34.310+29.966
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD-83.309-4.865-78.444
MRQ-11.435-5.420-6.015
TTM-11.435-5.063-6.372
YOY-5.144-5.803+0.659
5Y-4.345-9.973+5.628
10Y-34.310-12.461-21.849
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Spartan Resources Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Gold industry mean).
  • A PB ratio of 2.05 means the investor is paying $2.05 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Spartan Resources Limited:

  • The EOD is 14.929. Based on the equity, the company is expensive. -2
  • The MRQ is 2.049. Based on the equity, the company is underpriced. +1
  • The TTM is 2.049. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.929MRQ2.049+12.880
MRQ2.049TTM2.0490.000
TTM2.049YOY3.167-1.118
TTM2.0495Y1.657+0.392
5Y1.65710Y4.289-2.631
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD14.9291.163+13.766
MRQ2.0491.260+0.789
TTM2.0491.268+0.781
YOY3.1671.570+1.597
5Y1.6572.405-0.748
10Y4.2892.458+1.831
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Spartan Resources Limited.

3.1. Funds holding Spartan Resources Limited

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Franklin Gold and Precious Metals Fund3.34-8368370--
2020-12-31U.S. Global Investors Fund-World Precious Minerals Fund0.029999999-80000--
Total 3.3699999990844837000.0%
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4. Summary

4.1. Key Performance Indicators

The key performance indicators of Spartan Resources Limited 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--0.0080.0080%-0.020+353%-0.004+150%0.006+24%
Book Value Per Share--0.0850.0850%0.077+10%0.073+18%0.063+36%
Current Ratio--6.4136.4130%2.090+207%2.063+211%2.781+131%
Debt To Asset Ratio--0.4480.4480%0.497-10%0.577-22%0.359+25%
Debt To Equity Ratio--0.8240.8240%1.006-18%1.783-54%1.017-19%
Dividend Per Share----0%-0%0.025-100%0.012-100%
Eps---0.032-0.0320%-0.074+132%-0.048+51%-0.025-22%
Free Cash Flow Per Share---0.015-0.0150%-0.048+211%-0.045+196%-0.034+123%
Free Cash Flow To Equity Per Share--0.0230.0230%-0.049+315%-0.031+234%-0.013+156%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.035-3%
Intrinsic Value_10Y_max--0.378--------
Intrinsic Value_10Y_min---0.370--------
Intrinsic Value_1Y_max---0.019--------
Intrinsic Value_1Y_min---0.044--------
Intrinsic Value_3Y_max---0.013--------
Intrinsic Value_3Y_min---0.126--------
Intrinsic Value_5Y_max--0.045--------
Intrinsic Value_5Y_min---0.203--------
Market Cap1408339459.200+86%193301494.400193301494.4000%270622092.160-29%159059515.392+22%260250086.260-26%
Net Profit Margin---0.613-0.6130%-0.441-28%-0.475-22%-7.656+1150%
Operating Margin---0.343-0.3430%-0.428+25%-0.168-51%-12.783+3625%
Operating Ratio--1.3241.3240%1.434-8%1.164+14%14.074-91%
Pb Ratio14.929+86%2.0492.0490%3.167-35%1.657+24%4.289-52%
Pe Ratio-40.083-629%-5.502-5.5020%-3.325-40%-3.267-41%-214.377+3797%
Price Per Share1.275+86%0.1750.1750%0.245-29%0.144+22%0.236-26%
Price To Free Cash Flow Ratio-83.309-629%-11.435-11.4350%-5.144-55%-4.345-62%-34.310+200%
Price To Total Gains Ratio158.597+86%21.76821.7680%-12.063+155%4.455+389%-210.790+1068%
Quick Ratio--5.4535.4530%1.347+305%1.589+243%2.527+116%
Return On Assets---0.206-0.2060%-0.479+133%-0.276+34%-0.161-22%
Return On Equity---0.379-0.3790%-0.969+156%-0.737+95%-0.393+4%
Total Gains Per Share--0.0080.0080%-0.020+353%0.021-61%0.019-57%
Usd Book Value--61799513.60061799513.6000%55982225.600+10%52513340.080+18%45472607.956+36%
Usd Book Value Change Per Share--0.0050.0050%-0.013+353%-0.003+150%0.004+24%
Usd Book Value Per Share--0.0560.0560%0.051+10%0.048+18%0.041+36%
Usd Dividend Per Share----0%-0%0.016-100%0.008-100%
Usd Eps---0.021-0.0210%-0.048+132%-0.032+51%-0.016-22%
Usd Free Cash Flow---11074465.500-11074465.5000%-34462845.700+211%-32782776.240+196%-24651521.026+123%
Usd Free Cash Flow Per Share---0.010-0.0100%-0.031+211%-0.030+196%-0.022+123%
Usd Free Cash Flow To Equity Per Share--0.0150.0150%-0.032+315%-0.020+234%-0.008+156%
Usd Market Cap922603179.722+86%126631808.981126631808.9810%177284532.574-29%104199888.533+22%170489831.509-26%
Usd Price Per Share0.835+86%0.1150.1150%0.160-29%0.094+22%0.154-26%
Usd Profit---23017593.600-23017593.6000%-53310727.800+132%-34819875.200+51%-17875288.213-22%
Usd Revenue--37576536.00037576536.0000%120991729.200-69%93347426.340-60%46740536.646-20%
Usd Total Gains Per Share--0.0050.0050%-0.013+353%0.013-61%0.012-57%
 EOD+6 -2MRQTTM+0 -0YOY+28 -55Y+25 -1010Y+20 -16

4.2. Fundamental Score

Let's check the fundamental score of Spartan Resources Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-40.083
Price to Book Ratio (EOD)Between0-114.929
Net Profit Margin (MRQ)Greater than0-0.613
Operating Margin (MRQ)Greater than0-0.343
Quick Ratio (MRQ)Greater than15.453
Current Ratio (MRQ)Greater than16.413
Debt to Asset Ratio (MRQ)Less than10.448
Debt to Equity Ratio (MRQ)Less than10.824
Return on Equity (MRQ)Greater than0.15-0.379
Return on Assets (MRQ)Greater than0.05-0.206
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Spartan Resources Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5072.646
Ma 20Greater thanMa 501.046
Ma 50Greater thanMa 1000.890
Ma 100Greater thanMa 2000.750
OpenGreater thanClose1.280
Total5/5 (100.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Gross Profit  8,99554,54163,53642,500106,036-70,30035,736-40,093-4,357



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets170,781
Total Liabilities76,445
Total Stockholder Equity92,816
 As reported
Total Liabilities 76,445
Total Stockholder Equity+ 92,816
Total Assets = 170,781

Assets

Total Assets170,781
Total Current Assets41,526
Long-term Assets129,255
Total Current Assets
Cash And Cash Equivalents 34,553
Net Receivables 753
Inventory 4,701
Other Current Assets 1,519
Total Current Assets  (as reported)41,526
Total Current Assets  (calculated)41,526
+/-0
Long-term Assets
Property Plant Equipment 128,064
Long Term Investments 1,191
Long-term Assets  (as reported)129,255
Long-term Assets  (calculated)129,255
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities6,475
Long-term Liabilities69,970
Total Stockholder Equity92,816
Total Current Liabilities
Short-term Debt 2,998
Short Long Term Debt 2,420
Accounts payable 2,716
Other Current Liabilities 761
Total Current Liabilities  (as reported)6,475
Total Current Liabilities  (calculated)8,895
+/- 2,420
Long-term Liabilities
Capital Lease Obligations 12,050
Other Liabilities 58,498
Long-term Liabilities  (as reported)69,970
Long-term Liabilities  (calculated)70,548
+/- 578
Total Stockholder Equity
Common Stock367,188
Retained Earnings -275,827
Other Stockholders Equity 1,455
Total Stockholder Equity (as reported)92,816
Total Stockholder Equity (calculated)92,816
+/-0
Other
Capital Stock367,188
Cash and Short Term Investments 34,553
Common Stock Shares Outstanding 877,013
Liabilities and Stockholders Equity 170,781
Net Debt -20,083
Net Invested Capital 95,236
Net Tangible Assets 92,816
Net Working Capital 35,051
Property Plant and Equipment Gross 464,184
Short Long Term Debt Total 14,470



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-30
> Total Assets 
11,189
8,366
11,914
19,825
23,531
22,294
22,140
39,758
103,870
237,748
226,242
237,340
189,541
169,942
170,781
170,781169,942189,541237,340226,242237,748103,87039,75822,14022,29423,53119,82511,9148,36611,189
   > Total Current Assets 
5,589
4,430
5,159
6,168
3,460
1,092
1,277
15,144
43,077
29,978
29,294
27,099
43,678
50,230
41,526
41,52650,23043,67827,09929,29429,97843,07715,1441,2771,0923,4606,1685,1594,4305,589
       Cash And Cash Equivalents 
5,589
4,380
4,957
5,789
3,263
1,008
1,203
14,880
41,774
25,145
16,729
5,640
23,448
30,862
34,553
34,55330,86223,4485,64016,72925,14541,77414,8801,2031,0083,2635,7894,9574,3805,589
       Net Receivables 
0
35
169
347
189
50
38
234
1,262
2,578
2,971
4,196
5,504
1,509
753
7531,5095,5044,1962,9712,5781,2622343850189347169350
       Other Current Assets 
0
16
34
32
8
34
36
29
41
817
1,455
2,008
1,697
1,874
1,519
1,5191,8741,6972,0081,4558174129363483234160
   > Long-term Assets 
5,600
3,936
6,754
13,656
20,071
21,202
20,863
24,614
60,793
207,770
196,948
210,241
145,863
119,712
129,255
129,255119,712145,863210,241196,948207,77060,79324,61420,86321,20220,07113,6566,7543,9365,600
       Property Plant Equipment 
5,600
3,886
6,704
13,571
19,996
21,152
20,813
24,584
56,974
202,650
196,569
209,861
145,456
116,585
128,064
128,064116,585145,456209,861196,569202,65056,97424,58420,81321,15219,99613,5716,7043,8865,600
       Long Term Investments 
0
0
0
0
0
0
50
30
209
209
379
380
407
3,127
1,191
1,1913,1274073803792092093050000000
       Other Assets 
0
50
50
85
75
50
50
30
3,307
4,910
0
0
0
0
0
000004,9103,307305050758550500
> Total Liabilities 
0
401
355
2,043
889
764
664
2,074
7,754
121,225
170,489
179,971
81,651
84,486
76,445
76,44584,48681,651179,971170,489121,2257,7542,0746647648892,0433554010
   > Total Current Liabilities 
0
401
355
2,043
889
764
622
2,034
7,296
44,957
137,272
143,093
31,049
24,035
6,475
6,47524,03531,049143,093137,27244,9577,2962,0346227648892,0433554010
       Short-term Debt 
0
0
0
0
0
0
0
0
0
11,313
71,938
71,532
18,663
7,946
2,998
2,9987,94618,66371,53271,93811,313000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
9,089
69,559
68,049
15,431
4,718
2,420
2,4204,71815,43168,04969,5599,089000000000
       Accounts payable 
0
396
311
1,966
756
659
469
1,864
7,017
28,432
32,476
43,409
9,725
12,363
2,716
2,71612,3639,72543,40932,47628,4327,0171,8644696597561,9663113960
       Other Current Liabilities 
0
5
44
77
133
105
81
170
279
5,211
32,858
28,152
1,894
3,726
761
7613,7261,89428,15232,8585,21127917081105133774450
   > Long-term Liabilities 
0
0
0
0
0
0
42
40
457
76,268
33,217
36,878
50,602
60,451
69,970
69,97060,45150,60236,87833,21776,2684574042000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
61,125
9,335
10,678
11,526
8,309
0
08,30911,52610,6789,33561,125000000000
       Other Liabilities 
0
0
0
0
0
0
42
40
457
15,143
23,882
26,200
39,076
52,142
58,498
58,49852,14239,07626,20023,88215,1434574042000000
> Total Stockholder Equity
11,189
7,965
11,558
17,781
22,642
21,530
21,476
36,438
95,291
115,446
54,624
56,244
106,538
83,977
92,816
92,81683,977106,53856,24454,624115,44695,29136,43821,47621,53022,64217,78111,5587,96511,189
   Common Stock
11,189
10,465
14,432
21,686
26,622
26,622
29,416
46,122
104,881
125,847
171,931
171,583
266,196
324,496
367,188
367,188324,496266,196171,583171,931125,847104,88146,12229,41626,62226,62221,68614,43210,46511,189
   Retained Earnings Total Equity000000000000000
   Accumulated Other Comprehensive Income 
0
114
124
202
405
401
324
-602
935
683
882
861
672
2,076
1,455
1,4552,076672861882683935-6023244014052021241140
   Capital Surplus 000000000000000
   Treasury Stock000000000000000
   Other Stockholders Equity 
0
0
0
0
0
401
248
-602
935
683
882
861
672
2,076
1,455
1,4552,076672861882683935-60224840100000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue57,360
Cost of Revenue-61,717
Gross Profit-4,357-4,357
 
Operating Income (+$)
Gross Profit-4,357
Operating Expense-14,236
Operating Income-19,683-18,593
 
Operating Expense (+$)
Research Development0
Selling General Administrative7,386
Selling And Marketing Expenses0
Operating Expense14,2367,386
 
Net Interest Income (+$)
Interest Income182
Interest Expense-4,216
Other Finance Cost-687
Net Interest Income-4,721
 
Pretax Income (+$)
Operating Income-19,683
Net Interest Income-4,721
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-35,136-7,861
EBIT - interestExpense = -23,899
-31,505
-30,920
Interest Expense4,216
Earnings Before Interest and Taxes (EBIT)-19,683-30,920
Earnings Before Interest and Taxes (EBITDA)-16,614
 
After tax Income (+$)
Income Before Tax-35,136
Tax Provision-0
Net Income From Continuing Ops-35,136-35,136
Net Income-35,136
Net Income Applicable To Common Shares-35,136
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses75,953
Total Other Income/Expenses Net-11,8224,721
 

Technical Analysis of Spartan Resources Limited
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 Spartan Resources Limited. The general trend of Spartan Resources Limited is BULLISH with 100.0% 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 Spartan Resources Limited'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 (100.0%) Bearish trend (-100.0%)
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 Spartan Resources Limited.

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: .

The bearish price targets are: 1 > 0.86 > 0.79.

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Spartan Resources Limited 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 Spartan Resources Limited. The current mas is .

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

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above 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 above 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 up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above 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

Spartan Resources Limited 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 Spartan Resources Limited. The current macd is 0.10504428.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Spartan Resources Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Spartan Resources Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Spartan Resources Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Spartan Resources Limited Daily Moving Average Convergence/Divergence (MACD) ChartSpartan Resources Limited 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 Spartan Resources Limited. The current adx is 47.12.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Spartan Resources Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Spartan Resources Limited 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 Spartan Resources Limited. The current sar is 1.002832.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Spartan Resources Limited 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 Spartan Resources Limited. The current rsi is 72.65. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending down: The RSI is trending down. -1
Spartan Resources Limited Daily Relative Strength Index (RSI) ChartSpartan Resources Limited 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 Spartan Resources Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +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 Spartan Resources Limited price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Spartan Resources Limited Daily Stochastic Oscillator ChartSpartan Resources Limited 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 Spartan Resources Limited. The current cci is 156.96.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Spartan Resources Limited Daily Commodity Channel Index (CCI) ChartSpartan Resources Limited 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 Spartan Resources Limited. The current cmo is 47.43.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Spartan Resources Limited Daily Chande Momentum Oscillator (CMO) ChartSpartan Resources Limited 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 Spartan Resources Limited. The current willr is -13.41463415.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Spartan Resources Limited Daily Williams %R ChartSpartan Resources Limited 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 Spartan Resources Limited.

Spartan Resources Limited 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 Spartan Resources Limited. The current atr is 0.06239372.

Spartan Resources Limited Daily Average True Range (ATR) ChartSpartan Resources Limited 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 Spartan Resources Limited. The current obv is 110,247,481.

Spartan Resources Limited Daily On-Balance Volume (OBV) ChartSpartan Resources Limited 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 Spartan Resources Limited. The current mfi is 81.25.

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

  • MFI > 50: +1
  • MFI > 80: +1
Spartan Resources Limited Daily Money Flow Index (MFI) ChartSpartan Resources Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Spartan Resources Limited.

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
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13RSI 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).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-09MACD 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
CMO 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).
2024-04-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-16DMI 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).
2024-04-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-04-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-29MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-05-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-10DMI 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).
2024-05-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-05-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
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).
2024-05-16ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-20STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-05-21STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-24MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-30RSI 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).
2024-05-31SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-25STOCH 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-06-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-28STOCH 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).
2024-07-01RSI 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).
2024-07-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-07-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-07-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-07-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR 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
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).
2024-07-24ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-25STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Spartan Resources Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Spartan Resources Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5072.646
Ma 20Greater thanMa 501.046
Ma 50Greater thanMa 1000.890
Ma 100Greater thanMa 2000.750
OpenGreater thanClose1.280
Total5/5 (100.0%)
Penke

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