Penny Stock Pick - NXG

The penny stock we want to look at today is the Canada based Northgate Minerals(NXG) which operates gold and copper mining properties in North and Sourth America. With the rising price of gold and copper this could be a great time to buy the stock. The stock actually hasn't changed much for the past year.

Technical
The technical chart shows positive sign as the stock is now above both 50 day and 200 day moving aveage with MACD also back above 0 showing positive sign. In addition with ROC now showing the stock is oversold there may be more buyers back.

Financial
The revenue has been on the rise for the past couple of years and was at the largest increase in 2006. Another big plus is the net income which went trippled in 2006. The increasing assets and decreasing liabilities are also very positive sign.

Penny Stock Score (1~5) 5 is highest
1. Industry (Resource): 5
2. Technical: 4
3. Financial: 5
Recommendation: Strong Buy