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« Silver-Prices.net: Portfolio Update 20th October 2007 | Main | Endeavour Sets New Silver Production Record! »
Friday
Oct192007

Hecla Mining Company: A Golden Cross!

Hecla Mining has a market capitalisation of $1 billion and a P/E ratio of 19.53 with the companies stock trading at $8.66 as at the close of business yesterday.
Hecla Logo 19oct07

We wish to draw your attention to the Hecla’s chart where we note that the 50dma is moving up towards the 200dma and could cross it. Also note the rally that Hecla experienced the last time that this happened. This scenario is sometimes referred to as the golden cross as it is viewed as very positive for the stock. So we will watch this silver miner over the next few weeks or so see if this crossover occurs and what if any effect it has on the stock price.



Hecla Mining Company 19oct07





Hecla Mining Company trades on the NYSE under the symbol of HL.

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Reader Comments (2)

Why is silver preforming so poorly in view of gold's up swing. Should one sell silver and purchase more gold.

Thanks,

Harold Rhea

October 19, 2007 | Unregistered CommenterHarold Rhea

Its a good question, our view is that in the long term we will make bigger profits in silver than we will in gold but its only our opinion so dont be put off by us.

October 22, 2007 | Unregistered CommenterSilver Prices

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