Amur Minerals Corp. Share Price Forecast August 2021 – Time to Buy AMC?
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Money can be made even through seemingly unprofitable market conditions by focussing on the growth plan of a particular company. Unfortunately, only veteran investors are able to make such decisions based on their experience and guidance from market indicators. Such an opportunity seems to be developing for Amur Minerals Corp. as its shareholders assess its growth plans and potential to raise cash in the future. So let us figure out whether Amur Minerals presents us with a decent investment opportunity or not through technical analysis.
Amur Minerals Corp. Technical Analysis
Based in the British Virgin Islands, this corporation along with its subsidiaries is a well-recognised name in the industrial mineral and mining sector. Amur’s reach extends to several geographical points including the far-east of Russia. It locates, acquires, explores, and develops industrial minerals such as Nickel, Copper, Platinum, Gold, and Silver. The company has been active since 2004 and today stands by a total market capitalisation of £33.80 million.
The key numbers are also encouraging as we see lesser debt to assets ratio for the past two years. There is little doubt about Amur Minerals being capable of raising funds in the future by dissolving spend a bit. They released a resource update for the Kun-Manie project in eastern Russia in June 2021. Recently Amur Minerals completed a sale of a subsidiary in July. The Carlo holdings ltd was sold for £4.4 million.
From a technical standpoint, the shares of Amur Minerals are in the buy zone for investors that are looking for a potentially good opportunity that has room for further growth in the future. The RSI (61.36), EMA (1.97), SMA (1.92), and Momentum (0.26) all point towards a buy price action.
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Recent developments
Not too long ago the nickel-copper sulphide mineral exploration and resource development company shared that their Kun-Manie project has turned out to be a success. The exploration team has found that the ores found in Kun-Manie can produce two different types of sealable concentrates. As a result of this success, Amur has indicated a consistent growth in its revenue under ideal conditions.
At a time when mining and exploration have suffered heavily due to the pandemic, AMC’s performance has been one of the most interesting ones. But the main difference between Amur Minerals and its peers is its newly-established position in the relevant sector.
Should You Buy AMC Shares?
Even though we hear a lot of things about a company’s past performances but you cannot easily predict how it would do later on once you have invested in it. It is tough to let go of an investment like Amur Minerals so let us try to understand the reason why experts are giving it a nod of agreement.
It has confirmed a new mining investment that helped the AMC shares perform better than most companies in the same sector on the London Stock Exchange.
The company is interested in acquiring financial instruments which says a lot about the management helping Amur Minerals to reach new heights in the future if everything goes well.
Amur Minerals has promised in its last published financial update that it is prioritising the completion of the Russian TEO reserves estimation program as soon as it can so that shareholders can hold for a while longer without getting worried.
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