ASC - MCA Murray Cod Australia pushing resistance and ATH levelsPosition taken
Price $0.460
Stop 3xATR $0.370
Portfolio risk 0.5%
New ATH
Rising OBV
68 RSI
Strong upward trend with parallel MAs
Above average volume
Murray Cod Australia Ltd. engages in breeding, growing and marketing of Murray cod, a freshwater table fish. It also engages in the construction and sale of aquaculture equipment. The company was founded on May 28, 2010 and is headquartered in Griffith, Australia.
MCA trade ideas
$MCA - MURRAY COD - About to breakout?$MCA - MURRAY COD - About to breakout?
Murray Cod is a stock I have always liked as I suspect businesses like this will be the future of seafood aquaculture and with demand from countries like China and India the industry is only going to get bigger.
MCA have been performing well and are about to supersize their operations with new facilities coming online in 2019.
Murray Cod Australia Limited, formerly Timpetra Resources Limited, is engaged in hatchery business, nursery business, fish farming and cage systems. The Company operates through the hatching, growing and selling of Australian native freshwater fish segment. Its hatchery business is engaged in Silverwater Native Fish breeds fry, including native species of Murray Cod, Silver Perch and Golden Perch, which are then grown into fingerlings in fry ponds and weaned inside the hatchery facilities. The nursery system includes a range of small and large tanks to allow for grading of fish by size. Fish farming includes over two ponds on the Ryan Farm, which are fitted with cage systems that are stocked with fish, with a capacity of approximately 20,000 fish for each pond, which enables an annual production capacity of Murray Cod of over 36,000 kilograms. The cage system allows monitoring of the fish stock for mortality and any signs of disease.
