cash-stocks.com, gold, resource stocks, Canada
Vancouver, BC The Cash-100 Index kicked off 2009 with a 7.5% jump over the 2008 close.
The Cash-100 Momentum indicator took a 1792 point run.
The Cash-100 Index tracks the price of the Canadian resource companies covered by cash-stocks.com.
Cash-stocks.com principal Jay Currie commented, “The Cash-100 Index is a great way to track the Canadian junior resource sector. The stocks on the Index have cash and in this market cash is critical.”
Cash-stocks.com covers only the Cash-100 companies. With a narrow focus on well managed, Canadian resource, companies cash-stocks.com is allows investors to find companies with significant growth potential.
“We don’t recommend stocks” said Currie, “we follow the stories of cash rich companies which may have been oversold in last year’s meltdown. A lot of the Cash-100 companies are trading 70, 80 even 90% off their 2008 highs.”
About half the companies on the cash-stocks.com watch list are involved in gold. The rest are in everything from copper and iron to potash and uranium. Cash-100 companies have operations all over the world but are traded on either the TSX or the TSX-V in Canada.
“When the market turns we expect Cash-stocks.com companies to lead the way. And you can follow those companies on the Cash-100.”
Here are some of the Cash-100 movers on Friday, January 2, 2009:
Energy Fuels (TSE:EFR) up .095 to .32 for 42% ,
Mega-Silver Inc. ( TSX-V:MSR">quote) up .105 to .37 for 39.6%,
Uranium Power Corp up .10 to .18 for 125% (TSX-V:UPC)
Breakwater Resources (TSE:BWR) was up .065 to .18 for 56.5%,
Athabasca Potash Inc. (TSE:API) was up .53 to 1.64 for 47% and
Inspiration Mining Corporation (TSE:ISM">) went up .23 to .80 for 40%.
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