[BEARISH]: Mineral Resources current price has highlighted recent distribution. Currently, the OBV is -5.5721e+006.
On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.
Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)
PROFILE: Mineral Resources (MIN.AX)
Stock Exchange: ASX
Company: Mineral Resources
Ticker Codes: | MIN.AX | ASX:MIN |
Mineral Resources Limited operates as a mining services and processing company in Australia, China, Singapore, and internationally. It operates through three segments: Mining Services & Processing, Mining, and Central. The company offers contract crushing, screening, and processing services on build-own-operate or build-operate basis for mining companies; mine services, such as materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector. It also manages the processing, production, logistics, ship loading, marketing, and export of the resources on behalf of tenement owners. In addition, the company has a portfolio of iron ore assets in the Yilgarn and Pilbara regions of Western Australia; produces manganese from its Sunday Hill and Ant Hill tenements within the Pilbara region; and owns 43.1% interest in the Mt Marion lithium project located to the south west of Kalgoorlie, Western Australia. Further, it offers project management and delivery services for pipeline engineering and construction, mine dewatering systems and hydrocarbon management, HDPE lined steel, polyethylene pipe fittings and components, rock trenching and terrain levelling, underground cable installation, and plant and equipment hire. Mineral Resources Limited was founded in 1993 and is headquartered in Applecross, Australia.
On Balance VolumeDownload
|EMH European Metals Holdings||0.4||12.9||50,755||72,282||BULLISH|
|PME Pro Medicus||11.68||6.7||140,709||3,583,774||BULLISH|
|CAB Cabcharge Australia||2.4||5.7||194,554||2,868,555||BULLISH|
|GOR Gold Road Resources||0.66||5.6||1,416,917||1,399,471||BULLISH|
|PNR Pacific Niugini Minerals||0.2||5.3||494,855||7,226,948||BULLISH|
|SAR Saracen Mineral||1.98||5.3||12,454,538||179,711,973||BULLISH|