Small Cap Stock Picks: Claude Resources, Inc. (CGR) Undervalued Gold Penny Stock Grabbing Attention
Oct 25, 2009 Small Cap Stock Picks, Technical Analysis
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| BUSINESS SUMMARY |
Claude Resources Inc. engages in the acquisition, exploration, and development of precious metal properties; acquisition and development of oil and natural gas properties; production and marketing of minerals; and production of oil, natural gas liquids, and natural gas.
CGR has been picking up momentum for all of 2009 as gold and oil have both been to bullish sectors as of late. Currently CGR is forming a large bullish symmetrical triangle that has been forming since august of 2008. With Fridays substantial increase in volume, which topped out at 1.64m over CGR’s average trading volume of 350k, this looks like we have some strong momentum pushing forward now on the buy side to possibly break us out of this chart pattern.
Latest Head Lines:
- Claude Resources Inc. Completes Phase I Drilling at Madsen Project, Red Lake, OntarioCNW Group(Wed, Oct 14)
- UPDATE – Claude Resources Q3 gold production up sequentiallyat Reuters(Wed, Oct 7)
- Claude Resources Inc. Increases Third Quarter Gold Production by 80%CNW Group(Wed, Oct 7)
- Claude Resources Inc. Intercepts 8.68 Grams of Gold per Tonne Over 4.5 Meters True Width at Seabee MineCNW Group(Wed, Sep 9)
- Claude Resources Inc. Intercepts 19.36 Grams of Gold per Tonne Over 3.3 Meters True Width at Seabee MineCNW Group(Wed, Aug 19)
- Claude Resources Reports Second Quarter ResultsCNW Group(Fri, Aug 7)
Fundamental #’s
Current Year EPS: -.15
Next Year Estimates 2010: +.04
Current Year Revenue: $57m
Next Year Revenue: $72m
+25% estimated growth
Forward P/E: 20.13x
Industry Avg P/E: 43.89x
Current Ratio: 1.53
Fous Fair Value: 1.75
Current Price: .805
+117% upside potential
Disclosure: Black Service is Long @ .78
Technical analysis:
