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Western Gold Resources Ltd
Buy, Hold or Sell?

Let's analyse Western Gold Resources Ltd together

PenkeI guess you are interested in Western Gold Resources 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 Western Gold Resources 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Western Gold Resources Ltd (30 sec.)










What can you expect buying and holding a share of Western Gold Resources Ltd? (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?
50.0%

What is your share worth?

Current worth
A$0.01
Expected worth in 1 year
A$-0.03
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
A$-0.04
Return On Investment
-137.8%

For what price can you sell your share?

Current Price per Share
A$0.03
Expected price per share
A$0.023 - A$0.028
How sure are you?
50%

1. Valuation of Western Gold Resources Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.03

Intrinsic Value Per Share

A$-0.26 - A$-0.31

Total Value Per Share

A$-0.25 - A$-0.30

2. Growth of Western Gold Resources Ltd (5 min.)




Is Western Gold Resources Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$666.1k$1.5m-$924.4k-138.8%

How much money is Western Gold Resources Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$1.2m-$2.5m$1.3m110.4%
Net Profit Margin-72,145.9%0.0%--

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

3. Financial Health of Western Gold Resources Ltd (5 min.)




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




  Industry Rankings (Gold)  


Richest
#41 / 503

Most Revenue
#21 / 503

Most Profit
#38 / 503

What can you expect buying and holding a share of Western Gold Resources Ltd? (5 min.)

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

What can you expect buying and holding a share of Western Gold Resources Ltd?

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

Speculation

The Price per Share of Western Gold Resources Ltd is A$0.027. 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 Western Gold Resources Ltd.
  • 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 Western Gold Resources Ltd, 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$0.01. Based on the TTM, the Book Value Change Per Share is A$-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 Western Gold Resources Ltd.

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-0.01-29.7%-0.01-29.7%-0.02-62.5%0.00-16.3%0.00-16.3%
Usd Book Value Change Per Share-0.01-22.3%-0.01-22.3%0.0137.9%0.004.0%0.004.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.1%0.002.8%0.002.8%
Usd Total Gains Per Share-0.01-22.3%-0.01-22.3%0.0138.0%0.006.9%0.006.9%
Usd Price Per Share0.02-0.02-0.06-0.02-0.02-
Price to Earnings Ratio-3.07--3.07--3.45--1.63--1.63-
Price-to-Total Gains Ratio-4.09--4.09-5.67-0.79-0.79-
Price to Book Ratio5.67-5.67-5.62-2.82-2.82-
Price-to-Total Gains Ratio-4.09--4.09-5.67-0.79-0.79-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0174609
Number of shares57270
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.010.00
Usd Total Gains Per Share-0.010.00
Gains per Quarter (57270 shares)-344.47106.09
Gains per Year (57270 shares)-1,377.87424.37
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-1378-1388176248414
20-2756-2766352496838
30-4134-41445287451262
40-5511-55227059931686
50-6889-690088112412110
60-8267-8278105714892534
70-9645-9656123317382958
80-11023-11034140919863382
90-12401-12412158522343806
100-13779-13790176124824230

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%1.02.00.033.3%1.03.00.025.0%1.03.00.025.0%1.03.00.025.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%2.02.00.050.0%2.02.00.050.0%2.02.00.050.0%
Dividend per Share0.00.01.00.0%2.00.01.066.7%2.00.02.050.0%2.00.02.050.0%2.00.02.050.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%2.02.00.050.0%2.02.00.050.0%2.02.00.050.0%

Fundamentals of Western Gold Resources Ltd

About Western Gold Resources Ltd

Western Gold Resources Limited engages in the exploration and evaluation of mineral resources in Western Australia. It holds interest in the Wiluna West Gold Project that includes 7 granted mining leases covering an area of approximately 85.8 square kilometers located in Wiluna, Western Australia; and the Gold Duke Project. The company was incorporated in 2009 and is based in West Perth, Australia.

Fundamental data was last updated by Penke on 2024-03-29 11:09:03.

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 overpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Western Gold Resources Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Western Gold Resources Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Western Gold Resources Ltd to the Gold industry mean.
  • A Net Profit Margin of -72,145.9% means that $-721.46 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Western Gold Resources Ltd:

  • The MRQ is -72,145.9%. The company is making a huge loss. -2
  • The TTM is -72,145.9%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-72,145.9%TTM-72,145.9%0.0%
TTM-72,145.9%YOY--72,145.9%
TTM-72,145.9%5Y-18,036.5%-54,109.5%
5Y-18,036.5%10Y-18,036.5%0.0%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-72,145.9%-10.3%-72,135.6%
TTM-72,145.9%-7.6%-72,138.3%
YOY--6.3%+6.3%
5Y-18,036.5%-22.2%-18,014.3%
10Y-18,036.5%-31.6%-18,004.9%
1.1.2. Return on Assets

Shows how efficient Western Gold Resources Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Western Gold Resources Ltd to the Gold industry mean.
  • -147.4% Return on Assets means that Western Gold Resources Ltd generated $-1.47 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Western Gold Resources Ltd:

  • The MRQ is -147.4%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -147.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-147.4%TTM-147.4%0.0%
TTM-147.4%YOY-137.3%-10.1%
TTM-147.4%5Y-24.3%-123.1%
5Y-24.3%10Y-24.3%0.0%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-147.4%-5.7%-141.7%
TTM-147.4%-6.5%-140.9%
YOY-137.3%-6.6%-130.7%
5Y-24.3%-11.4%-12.9%
10Y-24.3%-13.8%-10.5%
1.1.3. Return on Equity

Shows how efficient Western Gold Resources Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Western Gold Resources Ltd to the Gold industry mean.
  • -184.9% Return on Equity means Western Gold Resources Ltd generated $-1.85 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Western Gold Resources Ltd:

  • The MRQ is -184.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -184.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-184.9%TTM-184.9%0.0%
TTM-184.9%YOY-163.0%-21.9%
TTM-184.9%5Y1,936.3%-2,121.2%
5Y1,936.3%10Y1,936.3%0.0%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-184.9%-5.5%-179.4%
TTM-184.9%-6.0%-178.9%
YOY-163.0%-6.6%-156.4%
5Y1,936.3%-11.0%+1,947.3%
10Y1,936.3%-16.2%+1,952.5%

1.2. Operating Efficiency of Western Gold Resources Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Western Gold Resources Ltd is operating .

  • Measures how much profit Western Gold Resources Ltd 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 Western Gold Resources Ltd to the Gold industry mean.
  • An Operating Margin of -72,245.7% means the company generated $-722.46  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Western Gold Resources Ltd:

  • The MRQ is -72,245.7%. The company is operating very inefficient. -2
  • The TTM is -72,245.7%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-72,245.7%TTM-72,245.7%0.0%
TTM-72,245.7%YOY--72,245.7%
TTM-72,245.7%5Y-18,061.4%-54,184.3%
5Y-18,061.4%10Y-18,061.4%0.0%
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ-72,245.7%-1.6%-72,244.1%
TTM-72,245.7%2.5%-72,248.2%
YOY--0.5%+0.5%
5Y-18,061.4%-9.6%-18,051.8%
10Y-18,061.4%-22.7%-18,038.7%
1.2.2. Operating Ratio

Measures how efficient Western Gold Resources Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Gold industry mean).
  • An Operation Ratio of 722.46 means that the operating costs are $722.46 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Western Gold Resources Ltd:

  • The MRQ is 722.458. The company is inefficient in keeping operating costs low. -1
  • The TTM is 722.458. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ722.458TTM722.4580.000
TTM722.458YOY-+722.458
TTM722.4585Y180.614+541.843
5Y180.61410Y180.6140.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ722.4581.517+720.941
TTM722.4581.466+720.992
YOY-1.404-1.404
5Y180.6141.542+179.072
10Y180.6141.628+178.986

1.3. Liquidity of Western Gold Resources Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Western Gold Resources Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Gold industry mean).
  • A Current Ratio of 3.27 means the company has $3.27 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Western Gold Resources Ltd:

  • The MRQ is 3.268. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.268. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.268TTM3.2680.000
TTM3.268YOY5.347-2.079
TTM3.2685Y2.244+1.025
5Y2.24410Y2.2440.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2682.485+0.783
TTM3.2682.586+0.682
YOY5.3473.427+1.920
5Y2.2443.966-1.722
10Y2.2444.404-2.160
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Western Gold Resources Ltd to the Gold industry mean.
  • A Quick Ratio of 3.27 means the company can pay off $3.27 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Western Gold Resources Ltd:

  • The MRQ is 3.268. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.268. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.268TTM3.2680.000
TTM3.268YOY5.347-2.079
TTM3.2685Y2.164+1.105
5Y2.16410Y2.1640.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2680.627+2.641
TTM3.2680.690+2.578
YOY5.3471.044+4.303
5Y2.1641.241+0.923
10Y2.1641.530+0.634

1.4. Solvency of Western Gold Resources Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Western Gold Resources Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Western Gold Resources Ltd to Gold industry mean.
  • A Debt to Asset Ratio of 0.20 means that Western Gold Resources Ltd assets are financed with 20.3% credit (debt) and the remaining percentage (100% - 20.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Western Gold Resources Ltd:

  • The MRQ is 0.203. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.203. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.203TTM0.2030.000
TTM0.203YOY0.158+0.045
TTM0.2035Y1.960-1.758
5Y1.96010Y1.9600.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2030.192+0.011
TTM0.2030.190+0.013
YOY0.1580.162-0.004
5Y1.9600.226+1.734
10Y1.9600.257+1.703
1.4.2. Debt to Equity Ratio

Measures if Western Gold Resources Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Western Gold Resources Ltd to the Gold industry mean.
  • A Debt to Equity ratio of 25.4% means that company has $0.25 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Western Gold Resources Ltd:

  • The MRQ is 0.254. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.254. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.254TTM0.2540.000
TTM0.254YOY0.187+0.067
TTM0.2545Y8.134-7.880
5Y8.13410Y8.1340.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2540.191+0.063
TTM0.2540.201+0.053
YOY0.1870.176+0.011
5Y8.1340.230+7.904
10Y8.1340.274+7.860

2. Market Valuation of Western Gold Resources Ltd

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 Western Gold Resources Ltd generates.

  • Above 15 is considered overpriced but always compare Western Gold Resources Ltd to the Gold industry mean.
  • A PE ratio of -3.07 means the investor is paying $-3.07 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Western Gold Resources Ltd:

  • The EOD is -2.179. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.066. Based on the earnings, the company is expensive. -2
  • The TTM is -3.066. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.179MRQ-3.066+0.888
MRQ-3.066TTM-3.0660.000
TTM-3.066YOY-3.451+0.385
TTM-3.0665Y-1.629-1.437
5Y-1.62910Y-1.6290.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD-2.179-3.588+1.409
MRQ-3.066-4.059+0.993
TTM-3.066-4.172+1.106
YOY-3.451-6.831+3.380
5Y-1.629-8.826+7.197
10Y-1.629-9.566+7.937
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Western Gold Resources Ltd:

  • The EOD is -2.129. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.996. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -2.996. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.129MRQ-2.996+0.867
MRQ-2.996TTM-2.9960.000
TTM-2.996YOY-3.315+0.319
TTM-2.9965Y-1.578-1.418
5Y-1.57810Y-1.5780.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD-2.129-3.945+1.816
MRQ-2.996-4.506+1.510
TTM-2.996-4.886+1.890
YOY-3.315-6.454+3.139
5Y-1.578-10.795+9.217
10Y-1.578-11.480+9.902
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Western Gold Resources Ltd 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 5.67 means the investor is paying $5.67 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Western Gold Resources Ltd:

  • The EOD is 4.028. Based on the equity, the company is fair priced.
  • The MRQ is 5.669. Based on the equity, the company is overpriced. -1
  • The TTM is 5.669. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD4.028MRQ5.669-1.641
MRQ5.669TTM5.6690.000
TTM5.669YOY5.624+0.046
TTM5.6695Y2.823+2.846
5Y2.82310Y2.8230.000
Compared to industry (Gold)
PeriodCompanyIndustry (mean)+/- 
EOD4.0281.225+2.803
MRQ5.6691.221+4.448
TTM5.6691.268+4.401
YOY5.6241.838+3.786
5Y2.8232.416+0.407
10Y2.8232.451+0.372
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Western Gold Resources 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---0.009-0.0090%0.016-159%0.002-655%0.002-655%
Book Value Per Share--0.0070.0070%0.016-58%0.001+742%0.001+742%
Current Ratio--3.2683.2680%5.347-39%2.244+46%2.244+46%
Debt To Asset Ratio--0.2030.2030%0.158+29%1.960-90%1.960-90%
Debt To Equity Ratio--0.2540.2540%0.187+36%8.134-97%8.134-97%
Dividend Per Share----0%0.000-100%0.001-100%0.001-100%
Eps---0.012-0.0120%-0.026+110%-0.007-45%-0.007-45%
Free Cash Flow Per Share---0.013-0.0130%-0.027+114%-0.011-12%-0.011-12%
Free Cash Flow To Equity Per Share---0.010-0.0100%0.014-170%0.000-11719%0.000-11719%
Gross Profit Margin--1.8201.8200%1.000+82%1.205+51%1.205+51%
Intrinsic Value_10Y_max---0.308--------
Intrinsic Value_10Y_min---0.259--------
Intrinsic Value_1Y_max---0.018--------
Intrinsic Value_1Y_min---0.018--------
Intrinsic Value_3Y_max---0.065--------
Intrinsic Value_3Y_min---0.061--------
Intrinsic Value_5Y_max---0.122--------
Intrinsic Value_5Y_min---0.112--------
Market Cap4149576.000-41%5840144.0005840144.0000%13831920.000-58%4918016.000+19%4918016.000+19%
Net Profit Margin---721.459-721.4590%--100%-180.365-75%-180.365-75%
Operating Margin---722.457-722.4570%--100%-180.614-75%-180.614-75%
Operating Ratio--722.458722.4580%-+100%180.614+300%180.614+300%
Pb Ratio4.028-41%5.6695.6690%5.624+1%2.823+101%2.823+101%
Pe Ratio-2.179+29%-3.066-3.0660%-3.451+13%-1.629-47%-1.629-47%
Price Per Share0.027-41%0.0380.0380%0.090-58%0.032+19%0.032+19%
Price To Free Cash Flow Ratio-2.129+29%-2.996-2.9960%-3.315+11%-1.578-47%-1.578-47%
Price To Total Gains Ratio-2.903+29%-4.086-4.0860%5.668-172%0.791-616%0.791-616%
Quick Ratio--3.2683.2680%5.347-39%2.164+51%2.164+51%
Return On Assets---1.474-1.4740%-1.373-7%-0.243-84%-0.243-84%
Return On Equity---1.849-1.8490%-1.630-12%19.363-110%19.363-110%
Total Gains Per Share---0.009-0.0090%0.016-159%0.003-425%0.003-425%
Usd Book Value--666167.610666167.6100%1590569.644-58%79099.170+742%79099.170+742%
Usd Book Value Change Per Share---0.006-0.0060%0.010-159%0.001-655%0.001-655%
Usd Book Value Per Share--0.0040.0040%0.010-58%0.001+742%0.001+742%
Usd Dividend Per Share----0%0.000-100%0.001-100%0.001-100%
Usd Eps---0.008-0.0080%-0.017+110%-0.004-45%-0.004-45%
Usd Free Cash Flow---1260519.185-1260519.1850%-2698501.258+114%-1114774.831-12%-1114774.831-12%
Usd Free Cash Flow Per Share---0.008-0.0080%-0.018+114%-0.007-12%-0.007-12%
Usd Free Cash Flow To Equity Per Share---0.006-0.0060%0.009-170%0.000-11719%0.000-11719%
Usd Market Cap2683530.799-41%3776821.1253776821.1250%8945102.664-58%3180480.947+19%3180480.947+19%
Usd Price Per Share0.017-41%0.0250.0250%0.058-58%0.021+19%0.021+19%
Usd Profit---1231739.095-1231739.0950%-2592073.839+110%-674953.676-45%-674953.676-45%
Usd Revenue--1707.2881707.2880%-+100%426.822+300%426.822+300%
Usd Total Gains Per Share---0.006-0.0060%0.010-159%0.002-425%0.002-425%
 EOD+3 -5MRQTTM+0 -0YOY+9 -275Y+14 -2210Y+14 -22

3.2. Fundamental Score

Let's check the fundamental score of Western Gold Resources Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.179
Price to Book Ratio (EOD)Between0-14.028
Net Profit Margin (MRQ)Greater than0-721.459
Operating Margin (MRQ)Greater than0-722.457
Quick Ratio (MRQ)Greater than13.268
Current Ratio (MRQ)Greater than13.268
Debt to Asset Ratio (MRQ)Less than10.203
Debt to Equity Ratio (MRQ)Less than10.254
Return on Equity (MRQ)Greater than0.15-1.849
Return on Assets (MRQ)Greater than0.05-1.474
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Western Gold Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.172
Ma 20Greater thanMa 500.026
Ma 50Greater thanMa 1000.028
Ma 100Greater thanMa 2000.030
OpenGreater thanClose0.027
Total1/5 (20.0%)



Latest Balance Sheet

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

Summary
Total Assets1,292
Total Liabilities262
Total Stockholder Equity1,030
 As reported
Total Liabilities 262
Total Stockholder Equity+ 1,030
Total Assets = 1,292

Assets

Total Assets1,292
Total Current Assets729
Long-term Assets563
Total Current Assets
Cash And Cash Equivalents 659
Net Receivables 71
Inventory 0
Other Current Assets 0
Total Current Assets  (as reported)729
Total Current Assets  (calculated)729
+/- 0
Long-term Assets
Property Plant Equipment 14
Long-term Assets Other 549
Long-term Assets  (as reported)563
Long-term Assets  (calculated)563
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities223
Long-term Liabilities39
Total Stockholder Equity1,030
Total Current Liabilities
Accounts payable 200
Other Current Liabilities 23
Total Current Liabilities  (as reported)223
Total Current Liabilities  (calculated)223
+/-0
Long-term Liabilities
Other Liabilities 39
Long-term Liabilities  (as reported)39
Long-term Liabilities  (calculated)39
+/-0
Total Stockholder Equity
Common Stock17,036
Retained Earnings -17,287
Other Stockholders Equity 1,282
Total Stockholder Equity (as reported)1,030
Total Stockholder Equity (calculated)1,030
+/-0
Other
Capital Stock17,036
Cash and Short Term Investments 659
Common Stock Shares Outstanding 84,781
Liabilities and Stockholders Equity 1,292
Net Debt -659
Net Invested Capital 1,030
Net Tangible Assets 1,030
Net Working Capital 506
Property Plant and Equipment Gross 563



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-30
> Total Assets 
0
0
549
839
2,920
1,292
1,2922,92083954900
   > Total Current Assets 
0
0
0
285
2,355
729
7292,355285000
       Cash And Cash Equivalents 
0
0
0
31
2,133
659
6592,13331000
       Net Receivables 
0
0
0
0
223
71
712230000
       Other Current Assets 
0
0
0
254
0
0
00254000
   > Long-term Assets 
0
0
549
553
565
563
56356555354900
       Property Plant Equipment 
549
549
1
553
565
14
145655531549549
> Total Liabilities 
0
0
3,575
813
460
262
2624608133,57500
   > Total Current Liabilities 
2,472
3,196
3,556
794
441
223
2234417943,5563,1962,472
       Short-term Debt 
0
0
3,556
464
0
0
004643,55600
       Short Long Term Debt 
0
0
0
464
0
0
00464000
       Accounts payable 
0
0
0
117
421
200
200421117000
       Other Current Liabilities 
0
0
0
213
19
23
2319213000
   > Long-term Liabilities 
0
0
19
19
20
39
3920191900
> Total Stockholder Equity
0
0
-3,026
25
2,460
1,030
1,0302,46025-3,02600
   Common Stock
10,400
10,400
10,400
10,400
16,560
17,036
17,03616,56010,40010,40010,40010,400
   Retained Earnings -17,287-15,383-11,375-13,426-13,113-12,328
   Capital Surplus 000000
   Treasury Stock000000
   Other Stockholders Equity 
0
0
0
1,000
1,282
1,282
1,2821,2821,000000



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 (+$)
totalRevenue3
Cost of Revenue-2
Gross Profit-21
 
Operating Income (+$)
Gross Profit-2
Operating Expense-1,906
Operating Income-1,907-1,907
 
Operating Expense (+$)
Research Development0
Selling General Administrative318
Selling And Marketing Expenses1,562
Operating Expense1,9061,881
 
Net Interest Income (+$)
Interest Income3
Interest Expense-0
Other Finance Cost-0
Net Interest Income3
 
Pretax Income (+$)
Operating Income-1,907
Net Interest Income3
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-1,905-1,910
EBIT - interestExpense = -1,907
-1,905
-1,905
Interest Expense0
Earnings Before Interest and Taxes (EBIT)-1,907-1,905
Earnings Before Interest and Taxes (EBITDA)-1,906
 
After tax Income (+$)
Income Before Tax-1,905
Tax Provision-0
Net Income From Continuing Ops-1,905-1,905
Net Income-1,905
Net Income Applicable To Common Shares-1,905
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,907
Total Other Income/Expenses Net3-3
 

Technical Analysis of Western Gold Resources Ltd
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 Western Gold Resources Ltd. The general trend of Western Gold Resources Ltd is BEARISH with 85.7% 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 Western Gold Resources Ltd'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 (-85.7%) Bearish trend (85.7%)
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 Western Gold Resources 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: 0.028 < 0.028 < 0.028.

The bearish price targets are: 0.023 > 0.023 > 0.023.

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Western Gold Resources 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 Western Gold Resources Ltd. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Western Gold Resources 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 Western Gold Resources Ltd. The current macd is -0.00103233.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 Western Gold Resources Ltd price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Western Gold Resources Ltd. 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 Western Gold Resources Ltd 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 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
Western Gold Resources Ltd Daily Moving Average Convergence/Divergence (MACD) ChartWestern Gold Resources 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 Western Gold Resources Ltd. The current adx is 36.33.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Western Gold Resources Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Western Gold Resources 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 Western Gold Resources Ltd. The current sar is 0.02712737.

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
Western Gold Resources Ltd Daily Parabolic SAR Chart

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 Western Gold Resources Ltd. The current rsi is 55.17. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Western Gold Resources Ltd Daily Relative Strength Index (RSI) ChartWestern Gold Resources 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 Western Gold Resources Ltd. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D 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 Western Gold Resources Ltd price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Western Gold Resources Ltd Daily Stochastic Oscillator ChartWestern Gold Resources 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 Western Gold Resources Ltd. The current cci is 40.75.

Western Gold Resources Ltd Daily Commodity Channel Index (CCI) ChartWestern Gold Resources 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 Western Gold Resources Ltd. The current cmo is 30.07.

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
Western Gold Resources Ltd Daily Chande Momentum Oscillator (CMO) ChartWestern Gold Resources 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 Western Gold Resources Ltd. The current willr is -33.33333333.

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

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Western Gold Resources Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Western Gold Resources Ltd Daily Williams %R ChartWestern Gold Resources Ltd Daily Williams %R Chart

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 Western Gold Resources Ltd.

Western Gold Resources 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 Western Gold Resources Ltd. The current atr is 0.00070969.

Western Gold Resources Ltd Daily Average True Range (ATR) ChartWestern Gold Resources Ltd Daily Average True Range (ATR) Chart

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 Western Gold Resources Ltd. The current obv is -1,337,096.

Western Gold Resources Ltd Daily On-Balance Volume (OBV) ChartWestern Gold Resources 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 Western Gold Resources Ltd. The current mfi is 96.97.

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
Western Gold Resources Ltd Daily Money Flow Index (MFI) ChartWestern Gold Resources Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Western Gold Resources 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
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-23MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-30MACD 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.
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).
2023-12-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-21DMI 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).
2023-12-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-03MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-15DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16STOCH 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-06MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR 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
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI 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).
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Western Gold Resources Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Western Gold Resources Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.172
Ma 20Greater thanMa 500.026
Ma 50Greater thanMa 1000.028
Ma 100Greater thanMa 2000.030
OpenGreater thanClose0.027
Total1/5 (20.0%)
Penke

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