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Mineworx Technologies Ltd. (OTCMKT:MWXRF) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Mineworx Technologies Ltd. (OTCMKT:MWXRF) seasonal charts above shows that a Buy Date of August 16 and a Sell Date of December 17 has resulted in a geometric average return of 36.08% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 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 7 years by an average of 40.11% 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 7 years of data is available for shares of MWXRF, 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.

Mineworx Technologies Ltd is engaged in the development and deployment of innovative mining technologies and the exploration, acquisition and development of mineral properties. The firm has two primary business segment: Exploration, and development of mineral properties in Spain and Mineral extraction through use of its proprietary equipment in North America. It holds interest in The Ceheg?n Iron Ore Concessions, and Aroche Wollastonite Project located in Spain. Majority of the firm’s revenue comes from Mineral extraction through use of its proprietary equipment in the North America segment.

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