Australia Stock Alert


Afternoon Alert: Cardinal Resources hits 52-week low fifth time in one month June 19, 2018 13:00:00 AEST


Cardinal Resources Limited (ASX:CDV) hit a 52-week low of 41.0c today for the fifth time in the past one month and last traded at 41.0c.

Current indications of bearish signals that support the trend in the unusual trading:

+ In the Australian market, the stock's relative price strength percentile is falling at 29 for 6 months, 20 for 3 months and 11 for 1 month.

+ The price plummeted 10.9% in the last week and 19.6% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:


+ Price to Book of 5.8 [2.8]

Other Bearish Signals include:

+ Tobin's Q Ratio is 5.1. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.


Bullish Signals:

Return on Assets and Return on Equity are negative but improving in recent years.

Cardinal Resources Limited (AU:CDV; ASX:CDV; AX:CDV)

ISIN: AU000000CDV9

PermID: 5035166199