Barolobill

PRU - Perseus Mining - Gold mining turnaround

Long
ASX:PRU   PERSEUS MINING LIMITED
Perseus now a two mine/two operating country gold miner with line of sight on a third mine, looking to take production towards 500z oz around 2021.

Short interest has dropped sharply and a sauser shaped bottom has formed over the last 12 months.

Double bottom at 27c.

27c -39c channel, now convincingly broken to the upside.

Mesured move objective of 55c

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.