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Balmoral Resources Ltd. (OTCMKT:BALMF) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Balmoral Resources Ltd. (OTCMKT:BALMF) seasonal charts above shows that a Buy Date of June 21 and a Sell Date of September 18 has resulted in a geometric average return of 20.68% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 8 years by an average of 42.27% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 8 years of data is available for shares of BALMF, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Balmoral Resources Ltd is a Canada based exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company’s exploration activities are the properties comprising its Detour Trend Project in Quebec.

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