RRE

RIGHT RES FPO [RRE]
Right Resources Limited operates as a mineral exploration company in Australia. It primarily explores gold, silver, and copper. The company's flagship project is the Pilot project covering an area of 6.96 square kilometers located in Tumbarumba, New South Wales. The company was incorporated in 2021 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0900 +0.0%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-04
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Stochastic is deep in oversold territory — bounce conditions forming
  • Sitting near support — this level has held before and could attract buyers again
  • Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Strong cash runway (9 quarters)
  • Very high P/S ratio (4023.6x)
  • Near 52-week low (0% of range)
  • Micro-cap ($5-20M) - high risk
  • Capital raise activity (1 events)
  • CANSLIM S: Tight float (49%)
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 53% over the past year
  • The bigger volume days are the up days — volume-weighted momentum is positive (1.19%/day)
  • Liquidity risk: 6 zero-volume days in last 20
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
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Recent Catalysts

NONE Fully Funded Maiden Drilling to Commence at Blue Prospect
NONE Gold Results Strengthen Extensive Target at Blue Prospect
NONE Blue Tungsten Flotation Testwork Delivers 87.3% Recovery
Announcement tone +5pts

Recent ASX Announcements

2026-08-26 Fully Funded Maiden Drilling to Commence at Blue Prospect PRICE SENSITIVE
2026-08-23 Gold Results Strengthen Extensive Target at Blue Prospect PRICE SENSITIVE
2026-08-11 Blue Tungsten Flotation Testwork Delivers 87.3% Recovery PRICE SENSITIVE
2026-08-09 High-Priority Gold-Copper Targets Elevated at New England PRICE SENSITIVE
2026-08-05 Update - Proposed issue of securities - RRE

Key Metrics

$11.6M
Market Cap
83K
Avg Volume
1.8x
Vol Ratio
$0.09 — $0.43
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-66.3%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual Earningsinsufficient_dataCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 49%
LLeader vs LaggardlaggardRS: -7
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

537 tickers in this sector

View all Basic Materials signals →Browse all ASX tickers A–Z →
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