Get started

Growthstock

Trans-Siberian Gold - Breaking from a wedgeBuy Trans-Siberian Gold (TSG.L) Trans-Siberian Gold plc is a United Kingdom-based resource company engaged in acquiring and developing a portfolio of gold mining assets in Russia. The Company's subsidiary, ZAO Trevozhnoye Zarevo (TZ), holds approximately 20 square kilometers of mining license in the southern part of the Kamchatka peninsula, including the Asacha gold deposit, an epithermal gold/silver deposit located on a tertiary volcanic arc typical of ore systems found along the Pacific Rim. The main ore zone at Asacha consists of approximately five steeply dipping veins with over two principal veins averaging over two meters in width. Market Cap: £90.21Million The Trans-Siberian share price has been steadily increasing since the beginning of 2019. The shares reached new all-time highs at 133p before correcting sharply. The corrective move lower has stalled around the 50% Fibonacci level at 90.5p. The consolidation has formed a wedge on the daily chart, which has now broken to the upside. We believe this could lead to continuation higher in the short to medium term. Stop: 90p Target 1: 133p Target 2: 150p Interested in UK Small Caps? Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now. t.me
TLong
by Investamate
Pan African Resources - Digging for goldBuy Pan African Resources (PAF.L) Pan African Resources PLC is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, located in Barberton South Africa, derives revenue from sale of gold to South African financial institutions; Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively known as Evander Mines), located in Evander South Africa, derives revenue from sale of gold to South African financial institutions; Phoenix Platinum, located in North West province in South Africa, derives revenue from sale of platinum group element concentrate to Western Platinum Limited. Market Cap: £224.46Million Pan African Resources is trading in a sequence of higher highs and higher lows since July 2018. The shares topped out in August at 14.7p and have since corrected sharply lower. The correct move has stalled just in front of the 61.8% Fibonacci support level at 10.86p and now appears to be forming a wedge pattern. The move above resistance at 11.76p has confirmed the break of the wedge, which we believe could lead to more upside in the short to medium term. Stop: 10.7p Target 1: 14.7p Target 2: 17.5p Interested in UK Small Caps? Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now. t.me
LSE:PAFLong
by Investamate