Monday, February 8, 2010

Gold Penny Stocks AGT, GRZ, ALTO

Penny stocks can be a great way to leverage an investment in a small cap stocks and see much greater returns than mid cap or large cap stocks. My report below lists three penny stocks all of which contain certain risks. For more penny stocks or related posts click on the relevant links provided by Google on the top of this blog or on the right hand side.

"For more penny stocks or related posts click on the relevant links provided by Google."

 

Apollo Gold Corp. AGT
Current price: 0.43
52 week range: 0.24-0.59

Overview
Apollo is a growing gold producer that operates the wholly owned Black Fox Mine and mill. Both the mine and mill are located in the Township of Black River-Matheson, near Timmins in Ontario. Apollo also is exploring the adjoining Grey Fox and Pike River properties, located in the greater Timmins gold district in Ontario, Canada, as well as the Huizopa Joint Venture (Businesswire.)

Notes
Apollo Gold has had inconsistent revenue growth and the same for its bottom line, but I feel due to the low trading volume and a relatively stable stock price you could buy this stock on a down day cheep. 
Gold Reserves Inc. GRZ
Current price: 1.18
52 week range: 0.47-1.73

Overview
Gold Reserve is a mining company that owns mining assets in Venezuela. Its primary asset is the Brisas project, which contains reserves of more than 9 million ounces of gold and more than 1 billion pounds of copper. The company has owned the project for more than 10 years but is still developing the project.

Notes
Gold Reserves has yet to show positive earnings but is nearly trading at 5 year lows! The company is currently seeking income-producing opportunities as the Venezuelan government seized its main operation in Venezuela. Gold Reserves has filed claims for their mining rights which may be a long shot. If Gold Reserves can reclaim their rights there should be a major shift in their stock price.

AltoGold ALTO 
Current price: 0.11
52 week range: 0.06-0.82

Overview
Alto Group Holdings has obtained the mining rights in an area in Ghana known as the Ashanti Belt. This area has been and continues to be one of the most prolific gold producing areas of the world. The Company has procured a 70% interest one mining concessions, the Nkwanta, and an option to own a 50% interest in one of two adjoining mining concessions, the Ayiem and the Asuogya. These three concessions are known as the Castle Peak project in Ghana, West Africa (altogoldmines.com.)

Notes
Alto's recent interest in Ghana looks promising as the company feels they have found a significant gold reserve there as samples taken have visible signs of gold. Alto anticipates a large scale mining operation to kick off in 2010 probably by outsourcing the drilling to a more experienced larger gold exploration company. This is promising as I am anticipating to see some revenue this year for Alto, exactly how much will determine where this stock goes from here.

(To view the latest Gold Penny Stock Report by Stocklook click the following link http://stocklook.blogspot.com/2011/02/gold-penny-stocks-brd-ric-grz.html)


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