youssefallax

GPL on buy

Long
AMEX:GPL   None
Great Panther Mining Limited (GPL) entered the buy zone, based on the fundamental analysis I see the company start to recover from the -55% price drawdown since January 2021. I see the net income has made a great height '' 21,858 K '' this year than 2020 '' 334 K '' with
+6544 % Increase.

As shown on the company Income statement on Yahoo Finance the EBITDA is '' 66,737 K'' For 2021 after more than 5 years of nothing.
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I can see that the company had reduced the free cash flow to be ''1,397 K'' than ''26,941 K'' for 2020 with a -94.8 % decrease.
The total debt, this year, is '' 44,619 K '' than the 2020 year '' 60,679 K '' -26.47% decreasing percentage which is good for the company.

Technically
I can see volume increasing based on the volume moving average at the beginning of 2019.
The price is going to reach 0.33 - 0.23 support areas, probably the 17.67% top Institutional Holders will provide liquidity at these levels,
I expect the Renko trend to start changing trend in the coming weeks for the bullish trend, 1.06 - 1.16 is our target as a strong resistance.






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