RE:RE:RE:RE:RE:more news
This was in my mailbox from investor Cubed
MACARTHUR MINERALS (TSXV:MMS/ASX:MIO/OTCQB:MMSDF) Macarthur Minerals rises almost 10% (up $0.045) Friday, closing at $0.50 on 311,100 shares.
With Iron ore hitting multi year highs (up over 70% in 2020) and the outlook for 2021 staying strong, Macarthur is well positioned here. With logistics expected to be finalized shortly (Port) followed by completing their feasibility study, the pieces are falling into place for Macarthur.
Champion (CIA), Fortescue (FMG) and Labrador Iron (LIF) have seen stellar returns over the last 1-3 years, with 2020 being exceptionally strong. Macarthur has a massive following. In April 2020, the stock hit a low of around $0.08-$0.10, hit a new 52-week high this year at $0.67, pulled back to the $0.45 range and now appears to be strengthening. The stock is well above its 200-day moving average and has now broken through its 50-day moving average. What is next?