Morien Resources (TSXV: MOX) gained by 13.56% on Friday to a new 18-month closing high of $0.335 per share!
For the week, MOX gained by 21.82% after gaining by 19.57% during the previous week and gaining by 27.78% during the week before that!
You have seen nothing yet. MOX is trading for only 0.0341X the price of U.S. coking coal producer Ramaco Resources (METC).
Although this is up from a record low MOX/METC ratio a few weeks ago of 0.0185, the five year average MOX/METC ratio is 0.081, which would currently value MOX at $0.795 per share.
When the Donkin Coking Coal Mine was last producing 18 months ago, MOX was trading for 0.2075X the price of METC, which would currently value MOX at $2.04 per share.
We believe the Donkin Coking Coal Mine will be reopening soon and we will be explaining why next week!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.