A bit about this, or a bit about nothing......The SCTR is holding strong against its peer group now since Feb, one of two things happen now, either a real run to potentially new highs or a complete breakdown!
This chart line shows no mercy amoungst its peers.
Ivan has been quiet now from the interviews perspective, but a lot of information
from those casts has been gleemed. My guess, were going higher here, summer of drilling, anticipation of news and news flow. I have rewatched all interviews since January, common thread: ( 3 or 4 times )....many, many clues......
- Sell Assets - raise enough capital for their two main projects with aggressive drilling for 4 years! ( might want to re read and/or re watch some of these interviews )
- Split the company
- No to very few warrants outstanding & most raises were pure raise " no warrant attached" ( something that is very rare)
- Insiders have HUGE stakes in the company!
Ah, the perfect storm, $1.98 - $2.06 range seems to be the bottom, I dont see a top on this and the SCTR is 97.5 ( 4 months ) The resistance point is $2.39
Managment has been exceptionally quiet last 30 days .......so one wonders what stage they are in...."is it a mine? " or " how big is it?"
J 103 ( I think its the later )
https://stockcharts.com/docs/doku.php?id=scans:advanced_scan_syntax:sctr_scans
Conclusion
SCTR scan clauses are a good way to narrow down your scan to stocks performing at the top of their group. Because SCTR rankings incorporate six different performance measurements across three different timeframes, they help you quickly determine the overall performance of a security relative to its peers. However, because the SCTR is a relative ranking, these scan clauses should not be used by themselves. For best results, be sure to include other, non-relative, scan clauses along with the SCTR clause.