It's called Eurasian Minerals (NYSE: EMXX). They are a bunch geologists, physicists, and mining engineers who run round the globe hunting down rare mineral deposits. For this reason they are smashed into a small class of high speculative stocks called prospect generators.
Eurasian Minerals (NYSE: EMXX) started out as an operation largely funded by Rick Rule's group. The team succeeded in bringing in the bacon to the degree that they jumped the border.
These Canadian financial wet backs are now in America! Eurasian started on the Toronto Stock Exchange (TSE) and flipped sides to the American Stock Exchange (AMEX).
Now they are on the New York Stock Exchange (NYSE) The company has enjoyed a recent surge in share prices but still has broken neither the intermediate nor the long term trend on either the weekly or the monthly price charts.
The only reason I am discussing this stock now is that the surge in price is holding to the point that this may be the beginning of a bottom. This stock has traded as low as $0.65. With the stock trading in the low eighties (cents) the most risky stop loss level I allow for in my own trading is $0.74.
This is a gutsy trade because the stock is trading so low. I understand that very few of my students will have the courage to take this trade. For those who do it is really important to use stop limit orders. That is because stop limit orders are held in a flash crash should this stock come under attack from a dark pool.
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