WBCPI 100.32 0.0% CBA 165.98 2.3557% BHP 40.14 0.0499% RIO 119.0 -0.5931% CSL 256.28 -0.2646% NAB 41.11 1.6819% WBC 34.65 1.1384% ANZ 31.23 0.7094% MQG 235.53 1.7232% SQ2 136.48 -0.6696% WES 77.58 2.0924% NEM 72.14 -2.5003% GMG 36.16 0.0553% FMG 19.32 1.046% RMD 37.55 -0.7139% ALL 74.67 -0.6652% TLS 3.91 -0.5089% WDS 24.91 1.6735% WTC 123.43 0.1217% TCL 13.14 0.1524%

Stocks Under 20 Cents Report

Two Stocks Under 20 Cents Showcasing Growth Opportunities – MYE, JBY

Aug 02, 2024

MYE:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)
JBY:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

Company Overview: Metarock Group Limited (ASX: MYE) is an Australia-based mining services company engaged in providing a range of services and products to underground operations across the country. James Bay Minerals Limited (ASX: JBY) is a Canadian-focused lithium explorer. The company, through its wholly owned subsidiary, holds a 100% interest in 573 claims comprising the La Grande Project, La Grande East and the Troilus Project in Quebec, Canada (Projects). Kalkine’s ‘Stocks Under 20 cents’ report covers the Investment Summary, Key Financial Metrics, Risks, Outlook, SWOT Analysis, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stocks.

1. Metarock Group Limited (ASX: MYE) (Recommendation: Speculative Buy, Market Cap: AUD 62.83mn)

H1FY24 Update:

Business Update:

Key Ratios & Figures:

Key Risks and Outlook:

SWOT Analysis:

Valuation, Stock Recommendation and Technical Analysis:

The stock has declined by ~13.63% in the last one month and over the last three months, it has fallen by ~28.30%. The stock has a 52-week low and 52-week high of AUD 0.100 and AUD 0.290, respectively, and is currently trading below the average of 52-week high-low average. The stock was last covered in a report date ‘27 February 2023.’

2. James Bay Minerals Limited (ASX: JBY) (Recommendation: Speculative Buy, Market Cap: AUD 8.49mn)

Result Highlights of H1FY24:

Business Update:

Key Ratios & Figures:

Key Risks and Outlook:

SWOT Analysis:

Valuation, Stock Recommendation and Technical Analysis:

The stock has witnessed a correction of ~18.18% in three months and over the last nine months, it has declined by ~56.45%. The stock has a 52-week low and 52-week high of AUD 0.115 and AUD 0.610, respectively, and is currently trading below the average of 52-week high-low average. ­­­­ The stock was last covered in a report date ‘24 May 2024.’

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 2 August 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above. 

Technical Indicators Defined: -  

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.  

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices. 


Disclaimer-

Disclaimer This report has been issued by Kalkine New Zealand Limited (FSP691351) (NZBN:9429047678101) (“Kalkine”). Kalkine is a Financial Advice Provider (“FAP”) and is authorised by a Class 1 Financial Advice Provider Licence issued by Financial Markets Authority (“FMA”) to provide financial advice. Kalkine provides only general financial advice through its research reports following a person becoming a member. The reports contain buy/sell/hold and other recommendations in relation to equity securities, managed funds and other managed investment schemes and other financial advice products. The recommendations and opinions in this report and on Kalkine website do not take into account any of your investment objectives, financial situation or needs. Before you make a decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement from the product issuer. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. If you act on the advice in the research reports, you may have to pay fees, expenses or other amounts (but not to Kalkine). Further information about the complaints and dispute resolution process, as well as information about Kalkine’s duties are available on Kalkine’s website. Please read our Financial Advice Provider (FAP) disclosure statement and Complaints Handling Guide, which are available on the website.