|Copper mountain should be worth a look soon. Technical signs are good, After a pullback from the earlier rally. the 20Ma is pushing price, crossing up the 50 ma. Copper price is rising and the company seems to be in profit at current prices. Revenue growth L4Q is listed at 28% I picked up a bit.|
TSX venture, which consists of mostly materials and mining has been in a downtrend since mid Feb. it has now reached a support level, the top of the triple bottom was established in latter 2016. so we could be in position for a reversal to the upside.
US economy is dong well, lowest unemployment in over a decade, which helps the rest of the world prosper. Lumber is rising due to strong housing market. Houses and the appliances within require Copper. .
Fundamentally I like it because they are already producing , not wandering the hills looking for some.
It may be one to look.