Pathfinder Minerals (PFP): The Path To 2.40p Initially

Ther has been a full update from Pathfinder Minerals, something which appears to have broken the log jam on both the fundamental and technical front. As far as the fundamental front is concerned the updated scoping study and Corporate plan look to be the highlights.

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On the technical front we can see a break of the red 2014 resistance line at 1.40p opens the stock up to a top of 2018 price channel target of 2.4p – for starters, over the next 1-2 months. At this stage only back below 1.4p would even begin to change the breakout scenario.

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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