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Agoracom
The Small Cap Epicenter
The Small Cap Epicenter
AGORACOM Client Feature
Company is planning a late summer exploration program on its claim block which totals 795,824 hectares. The Amazonas Potash Basin is similar in size, scale and geology to Saskatchewan’s potash evaporate deposit, which is the largest and most prolific potash reserve in the world.
3 Month Chart
Investment Highlights - Brazil
Amazonas Potash Basin
·Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:
Fazendinha – 520 Mt @ 28.8% KCl
Arari – 659 Mt @ 17.7% KCl
In trading on Friday, shares of Franco-Nevada Corp (Toronto: FNV) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $52.06 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 77.3. A bullish investor could look at FNV’s 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of FNV shares:
Looking at the chart above, FNV’s low point in its 52 week range is $37.99 per share, with $60.62 as the 52 week high point — that compares with a last trade of $52.08. Find out what 9 other oversold stocks you need to know about »
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