Australia Stock Alert

AUSTR

CLOSING UPDATE: Blina Minerals plummets 50.0% June 20, 2018 16:00:00 AEST

NEWS BITES - AUSTRALIA

This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Blina Minerals traded on volume of 0.2 times average today while the price plummeted 0.10c (or 50.0%) to trade at 0.10c. Compared with the All Ordinaries Index which rose 65.7 points (or 1.1%) in the day, this represented a relative price change of -51.1%.

Technical indicators complementing today's significant downtrend:

+ The stock has underperformed 92% of the Australian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week low eighteen times and in the last three months fifty-two times, pointing to a significant downtrend.

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

Overvaluation:

+ Price to Book of 7.7 [2.8]

Other Bearish Signals include:

+ Tobin's Q Ratio is 5.7. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

TODAY'S ALERTS

Afternoon Alert: Blina Minerals hits 52-week low eighteenth time in one month

June 20, 2018 13:00:00 AEST

Blina Minerals NL (ASX:BDI) hit a 52-week low of 0.10c today for the 18th time in the past one month and last traded at 0.10c.

Morning Alert: Blina Minerals hits 52-week low eighteenth time in one month

June 20, 2018 11:00:00 AEST

Blina Minerals NL (ASX:BDI) hit a 52-week low of 0.10c today for the 18th time in the past one month and last traded at 0.10c.

RECENT ALERT

Morning Alert: Blina Minerals hits 52-week low seventeenth time in one month

June 19, 2018 11:00:00 AEST

Blina Minerals NL (ASX:BDI) hit a 52-week low of 0.10c today for the 17th time in the past one month and last traded at 0.10c.

Blina Minerals NL (AU:BDI; ASX:BDI; AX:BDI)

ISIN: AU000000BDI8

PermID: 4295857318

Source: www.BuySellSignals.com