April 2023

Stock I'm watching this month:-

OBM - Ora Banda Mining Limited

Sector: Basic Materials
Market Cap:  241.6 Mil 
Price/Earnings: 1.38
Price/Book: 13.47
Return On Equity: -180.73%
Return On Assets: -40.15%
Debt/Equity: 140.17

Reasons to watch: OBM is an Australian exploration, operation and development mining company. They explore for gold, nickel, copper, lithium and base material deposits. The Stock Price for OBM has been trending positively. This might be due to the positive movement in commodities due to inflation and a spike in gold prices following the start of the banking crisis after SVB collapsed.   

Risk: Junior miners are highly speculative.   

Sentiment: Buy
Disclosure: Held
Current Price: $0.165
My Strike Price: $0.155 (Morningstar Fair Value:N/A)   
My Stop Loss: $0.093


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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