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January 31, 2009
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If you are a conservative investor and need a strong balance sheet:
-- it has no debt
-- it has $79 million in cash and equivalents, $.88 per share.
-- its book value is estimated between $3.17 and $4.12 per share, there are 83.53 million shares outstanding
Over the last 52 weeks the price range per share has been $1.22 to $9.83. Various analysts have a price target ranging from $3.50 to $11.00. The consensus analysts rating for the stock is overweight.
The price earnings ratio is 9.2 and the earnings per share are $0.24.
The company pays no dividend.
PROS
I believe that gold and uranium have a favorable outlook at the present time. This company will benefit from increases in the prices of these 2 commodities. It is reasonably priced and has a strong balance sheet
CONS
It is a very low priced stock and as such is not followed by very many analysts and is off the radar screen of most mutual funds and other investment pools.