Midas seems that have found the bottom and currently reversing to up trend after forming a “Higher High, Higher Low” pattern. Fundamentally Midas is still losing money but this stock is turn around play. $0.374 should provide a strong support (20D SMA + resistance turned support & 61.8% FR level). Immediate Resistance is $0.435.
Previous Midas analysis.
Key Statistics for MIDAS
|Current P/E Ratio (ttm)||53.7879|
|Relative P/E vs.FSSTI||4.5373|
|Earnings Per Share (CNY) (ttm)||0.0389|
|Est. EPS (CNY) (12/2012)||0.0160|
|Est. PEG Ratio||27.2464|
|Market Cap (M SGD)||499.22|
|Shares Outstanding (M)||1,217.62|
|30 Day Average Volume||7,174,900|
|Dividend Indicated Gross Yield||1.83%|
|Cash Dividend (SGD)||0.0025|
|5 Year Dividend Growth||-17.81%|
|Next Earnings Announcement||02/28/2013|