Pacific Niugini Minerals (PNR)

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Pacific Niugini Minerals (PNR): Signals

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The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);

PROFILE: Pacific Niugini Minerals (PNR.AX)

Stock Exchange: ASX
Company: Pacific Niugini Minerals
Ticker Codes: | PNR.AX | ASX:PNR |

About Pacific Niugini Minerals (ASX:PNR):

Pantoro Limited engages in the exploration of mineral properties. It explores for gold, silver, and copper deposits. The company holds interests in the Halls Creek project that comprises the Nicolsons project located in the Kimberley region of Western Australia; and the Grants Creek project located to the north of the Halls Creek project in Western Australia. It also holds interests in the Bulolo and Garaina projects in Papua New Guinea. The company was formerly known as Pacific Niugini Limited and changed its name to Pantoro Limited in December 2015. Pantoro Limited is headquartered in West Perth, Australia.

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