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The mining sector is hot especially |
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Released on Sunday, December 4, 2011, 7:00 PM ET
Pittsburgh, PA (SpeculatingStocks) - Mining these days is not like what it used to be. The conditions are better and so is the pay, but let’s take a step back for a second. No, we aren’t suggesting that you go out grab a pick-axe and start hacking away, but we are saying this sector is hot! Mining in general, whether it be for gold, silver, copper, or even uranium is a profitable industry, and these two companies happen to be in that correlation.
Integra Mining Ltd. (ASX:IGR) mines everything from that most precocious of metals to uranium and is priced at $0.60 per share (3:59 PM EDT, December 2nd, 2011). IGR has an EPS of $0.02 per share and a P/E of nearly 24.8. The firm operates out of Australia, and has an enterprise value under the market capitalization of $502 million, indicating that there is more cash in the company than the cost of buying it. So it’s already more than it’s worth!
Peak Resources Limited (ASX:PEK ) was $0.335 per share on December 2nd, 2011 (3:58 PM EST). Like Integra, PEK is based in Australia, and a great firm to look through. Just the other day the stock price of the company rose 13.5%. It has a current ratio of 10.41 and a recorded 0.00 debt on its books, the firm is totally asset based. Peak has seen increasing interest over the years, with average volume growing from tens of thousands into the multi-millions.
Mining firms are not a thing of the past, so keep your eyes peeled. If you have a broker who will let you trade in across seas markets, or knows of funds which trade in these companies you might want to give them a call. As always take a look yourself, see if the company is a good fit for you, and happy mining.
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