Correct
Resource stocks are so oversold it's not funny
You have majors still making money in the worst resource market in years, trading on PE's of 1-5, some under cash backing etc, whilst tech/food businesses with next to no cash are trading on PE's of 40-80 and rallying daily
Smells of capitulation to me. Oil, coal, I/O and gold all at multi year lows
Some punters are going to catch the bottom and make a motza
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Correct Resource stocks are so oversold it's not funny You have...
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Mkt cap ! $46.65M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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1 | 121514 | 0.041 |
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Price($) | Vol. | No. |
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0.045 | 50000 | 1 |
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