June 2023

Stock I'm watching this month:-

WA1 - WA1 Resources Limited

Sector: Basic Materials
Market Cap:  311.67 Mil 
Price/Earnings: N/A
Price/Book: 23
Return On Equity: N/A
Return On Assets: N/A
Debt/Equity: 0.53

Reasons to watch: WA1 is a junior minor operating in Western Australia. They explore for iron oxide, copper, and gold deposits. The price has been trending recently. This may be due to money going into the commodity space in lieu of rising inflation.  

Risk: Junior miners are highly speculative.   

Sentiment: Sell
Disclosure: Not Held
Current Price: $5.69
My Strike Price: $6.59 (Morningstar Fair Value:N/A)   
My Stop Loss: $5.27


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

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