The Canadian Mine Analysis site is focused on analyzing mining stocks when they are selling at or near their price lows. Our technical views are not to be considered as recommendations but rather stocks whose chart patterns seem to indicate that they are fashioning bottoms and may merit attention.
We are using technical indicators such as Stochastics, Relative Strength, MACD, On Balance volume and Money flow. We will attempt to interpret what the chart for each stock is saying. We will keep it as a regular section.
Keep in mind that the purpose of the Canadian Mine Analysis is to determine undervaluation and bottoming patterns. All of the stocks below are close to their multi-year lows in price.
NIOGOLD “NOX” TSX, .20 cents, Quebec explorer, On Balance Volume is very positive, Money Flow is positive, Stochastics suggest bottoming in process; Insider Buying (officers and directors) has been solid and consistent and not one sale,
RICHMONT “RIC” TSX and NYSE, $1.58, Quebec producer, Money Flow indicator is good, Stochastics flat but On Balance Volume is quite positive,
YORBEAU “YRB” TSX, Quebec explorer, .17 cents, Stochastics is flat, Officers and directors buying is excellent, On Balance Volume is excellent, Money flow indicator is positive as well,
KINCORA “KCC” TSXV, .06 cents, Mongolian properties, stocks with Mongolian properties plunged when Mongolian Government tried to change ownership percentages, Change is in the wind? On Balance Volume and Money Flow are strong, Insider(officers and directors) buying has been VERY HEAVY with no sales,
ENTREE GOLD “ETG” TSX, EGI on Amex .40 cents, Mongolian properties, long correction down from $3 plus in 2011, On Balance Volume is strong, no insider selling, has potential of a major turnaround; rounding bottom?
Carefully study their charts as well yourself.