BUY - Stanmore Resources (SMR)
*** GENERAL AVICE ONLY***
Trade Date: 19/09/2023
Recommendation
Entry price: 3.35
Target Price: 3.9
Stop Loss: 3
Rationale
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, We are generally bullish the energy sector and see SMR as a short term buy with a 10% trailing stop
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.