Since goldstocktrades.com original recommendation General Moly is up 50%. They still hold a long term target of $5 and believe that will come sooner than later as the price volume action on the chart is excellent and molybdenum demand is outpacing supply.
Right now molybdenum is around $13.50.
According to Jeb Hand, President of Goldstocktrades.com, "General Moly is considerably undervalued and has the best leverage to molybdenum on the market. China is becoming a net importer rather than exporter. With the global economies recovering and the increasing need for molybdenum, General Moly will continue to make major gains, as they have two major molybdenum assets in North America. The price volume action and chart coupled with the excellent fundamentals demonstrates that General Moly could be a major winner."
Disclaimer: Goldstocktrades.com is NOT a registered investment advisor and does not provide investment advice. It only provides opinions of the market based on data and is not recommending to buy or sell stocks.
