Hecla Mining Company: A Golden Cross!
Friday, October 19, 2007 at 08:48AM
Silver Prices in Silver Mining Companies
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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