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General Moly Inc (GMO) [hlAlert]

Rating:
Buy GMO
down 95.69 %

Idaho General Mines, Inc. (GMO) rated Buy

Posted on: Thursday,  Jan 17, 2008  9:39 PM ET by Cheap Stocks for 2008: 10 Picks Under $10

Cheap Stocks for 2008: 10 Picks Under $10 rated Buy General Moly Inc (AMEX: GMO) on 11/29/2007, when the stock price was
$10.23. Since then, General Moly Inc has lost 95.70% as of 08/27/2015's recent price of $0.44.
If you would have followed this Cheap Stocks for 2008: 10 Picks Under $10's recommendation on GMO, you would have lost 95.69% of your investment in 2828 days.

General Moly, Inc. (GMI) is a development stage company engaged in the business of exploration, development and mining of properties primarily containing molybdenum. The Company?s primary asset is an 80% interest in the Mt. Hope Project (Mt. Hope Project), a primary molybdenum property, located in Eureka County, Nevada. It owns interest in the Liberty Property (the Liberty Property), located in Nye County, Nevada. In addition, it owns other non-core properties and mineral rights. In February 2008, the Company formed a joint venture with POS-Minerals Corporation (POS-Minerals), an affiliate of POSCO, a Korean steel company for the development of the Mt. Hope Project.

An investor shouldn't scoop up 100 shares of company XYZ just because its price looks like a steal (it could, after all, be cheap for a reason). But there are single-digit stocks that are beckoning for a breakout or ripe for a recovery. Move in at the right time, and you could wind up with a hidden gem for a bargain price.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/29/2007 4:00 PM Buy
1 year
10.23
as of 8/27/2015
1 Week down  -10.20 %
1 Month down  -44.30 %
3 Months down  -40.54 %
1 YTD down  -67.16 %

(*) Stock Price at the time of the recommendation.
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