Stocks Technical Analysis: Katanga Mining Ltd. (TSX:KAT)

Katanga Mining Ltd. (KAT)

The company made a return on asset (ROA) of -4.34% and return on equity (ROE) of -1640.96% in past twelve months period. Price to book ratio was 3.472803 while price to sales ratio of the stock was 0.212175.

Investors are searching for easily tradable or highly liquid stocks, here we screened Katanga Mining Ltd. stock with recent volume of 812115 shares. Particularly for day traders, high volume is crucial, as the higher the volume the more liquid the stock is. Looking around last three track record, it holds trading capacity of 378841 shares on average basis. If you own a stock that has extremely low daily volume, it may be difficult to get free of in a short time period. KAT registered activity of relative volume at 2.14.

Katanga Mining Ltd. (KAT) is stock of Materials sector that received attractive attention from Investors and traders. It is going under observations and created a move of -2.00% at recent price at CAD$0.16 on last Trading session. Katanga Mining Ltd. stock price identified moved of 83.00% from its 52-week maximum price level and marked a change of 14.00% from its 52-week minimum price level. These 52-week values data help to compare its recent price with high or low prices inside a one-year framework.

KAT has a market cap of CAD$216439951.552. Market capitalization refers to the total dollar market value of a company’s outstanding shares. The company holds Outstanding share with figure of 1907379968 and noted 1907342265 floating shares.

Beta factor detected at 1.108626. Beta measures stock’s price volatility relative to the market. KAT stock’s RSI is standing at 13.08. RSI is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between 0 and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

ADX value stands at 45.37. Average directional index (ADX 14) is a technical indicator that quantifies the strength of a trend regardless of its direction or momentum. The values of ADX range from 0 to 100 and are also important for distinguishing between trends and non-trends. Many traders will use ADX readings above 25 to suggest that the trend’s strength is strong enough for trend trading strategies. Conversely, when ADX is below 25, many will avoid trend trading strategies.

Katanga Mining Ltd. (KAT) stock price is trading at distance of 32.91% from the its 50-Day SMA. SMA 50 is an average stock price from the last 50 days calculated as an unweighted mean of the previous 50 stock closing prices. The current stock price is moving with difference of 39.12% to its 200-Day SMA. Simple moving average of 200 days for a stock is an unweighted moving average over the past 200 days.

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Erik Richardson

Erik Richardson also covers the financial news across all market sectors. He also has an enormous knowledge of stock market.  Erik holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers financial news section for our site.Address: 4658 Columbia Road, Wrangle Hill, DelawarePhone number: 302-838-9976Email: [email protected] 

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