Our small cap stock this week is Kingrose Mining (ASX:KRM)

Our small cap stock this week is Kingrose Min­ing (ASX:KRM). They are involved in the pro­duc­tion, explo­ration and devel­op­ment of the gold and sil­ver deposits in Indone­sia, although back in July they announced the ces­sa­tion of gold pro­duc­tion and that they are tran­si­tion­ing back to explo­ration only. Despite issues with the con­sis­ten­cy of their finan­cial health, it cur­rent­ly has a QAV Score of 0.34 and an ADT (aver­age dai­ly turnover) of $37,000. 

The rea­sons they scored high­ly include:

• The share price is cur­rent­ly less than our intrin­sic val­u­a­tion. 
• Chart is show­ing a new three-point uptrend. 
• High lev­els of board own­er­ship. It’s always good to see man­age­ment skin in the game. 

Our rec­om­men­da­tions are based on the share price as of the date of the down­load. If the share price changes, this will affect the QAV score and its rank­ing on our buy list, so please take price changes into account before mak­ing any invest­ing deci­sions.

Please also note that this isn’t per­son­al finan­cial advice and you should con­sult a finan­cial plan­ner before mak­ing any invest­ment deci­sions.

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