Red Hill Minerals (ASX:RHI) 6-Month Price Index : 1.50 (As of May. 05, 2024)

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What is Red Hill Minerals 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-05), Red Hill Minerals's 6-Month Price Index is 1.50.

Competitive Comparison of Red Hill Minerals's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Red Hill Minerals's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Red Hill Minerals (ASX:RHI) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Red Hill Minerals (ASX:RHI) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Red Hill Minerals 6-Month Price Index Related Terms

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Red Hill Minerals (ASX:RHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Hill Minerals Ltd (ASX:RHI) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.redhillminerals.com.au

Red Hill Minerals Ltd is an exploration company that focuses on the exploration for non-ferrous minerals over the RHIOJV tenements in the Western Pilbara region of Western Australia. Exploration targets include precious (gold) and battery metals. The company is also progressing the development of its Pannawonica Channel Iron Deposits (CID) and rock quarrying opportunities from its Three Peaks project. Its projects portfolio includes Red Hill Minerals West Pilbara Project, Mineral Resources Ltd Ashburton Hub - Royalty, Pannawonica Iron Ore, and Three Peaks Hard Rock Deposit.