| General Moly (GMO) Looks Good: Stock Surges 25.9% - Tale of the Tape | |
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General Moly, Inc. (GMO) was a big mover last session with its shares surging nearly 26% on the day. The upside was owing to the company’s announcement of a significant Investment and Security Purchase Agreement with AMER International Group. The strategic partnership is expected to further the company’s ability to secure full project financing for the Mt. Hope Project. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent uptrend of the company as the stock has gained roughly 83% in the past one-month time frame.
This industrial mining and exploration company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Friday’s rally is encouraging though, so make sure to keep a close watch on this stock in the near future.
General Moly currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the mining industry may consider a better-ranked stock like Mountain Province Diamonds Inc. (MDM) which sports a Zacks Rank #1 (Strong Buy).
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GENERAL MOLY IN (GMO): Free Stock Analysis Report
MTN PROV DMND (MDM): Free Stock Analysis Report
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Mountain Province Diamonds Inc
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DEVELOPMENT STAGE |
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CODE : MDM |
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ISIN : CA62426E4022 |
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ProfileMarket
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Asset profileContact Cpy |
Mountain Province Diamonds is a diamonds exploration company based in Canada. Mountain Province Diamonds develops diamonds and gold in Canada, and holds various exploration projects in Canada. Its main asset in development is BAFFIN ISLAND in Canada and its main exploration properties are BORDEN, GAHCHO KUÉ, TELEGRAPH, KETZA RIVER (EVE / WHITE / WHYTE) and SPRINGTIME in Canada. Mountain Province Diamonds is listed in Canada and in United States of America. Its market capitalisation is US$ 230.7 millions as of today (€ 219.1 millions). Its stock quote reached its lowest recent point on February 27, 2009 at US$ 0.54, and its highest recent level on September 18, 2009 at US$ 9.84. Mountain Province Diamonds has 45 240 000 shares outstanding. |