CNMC Goldmine

CNMC Goldmine - 26th June 2016

NAV - 12.64 cents.

Dividend -  Dividend Yield is based on two interim tax-exempt dividend of total 0.36 Singapore cent per share, a final dividend of 0.18 Singapore cent and special dividend of 0.405 Singapore cent per share. Yield is about 2.12% base on current price of 36 cents.

PE ratio of 7.94x base on 36 cents.

About CNMC Goldmine : Involved in exploration and mining of gold, and processing of mined ore into gold dores • Commenced operations in 2007; first Catalist-listed gold producer on SGX-ST (listed in October 2011) • Current flagship project – Sokor Gold Field in Kelantan, Malaysia • CNMC founded by Prof Lin Xiang Xiong, Chief Advisor for China International Trade to Kelantan State Government

CNMC Goldmine after touching the low of 22 cents on 15th April 2016 it has since continued to stage a strong recovery and trend higher to touch 36 cents on 24th June 2016. This is generally quite bullish.

The trading volume was also high on last Friday which signifies good buying interest with more buying ( demand versus supply) that pushes the price higher to close at 36 cents.

The current price is staying above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.

With current market volatility, Gold price is being regarded as a preferred investment that has been witnessed by last Friday Gold price races to 2-year high at 1319.10 .

The increase in Gold price may benefit and boost the revenue for the company.

Short term wise looks like it may likely continue to move up to test 40 cents then 45 cents with extension to 50 cents.
(trade base on your own decision)