Great Panther Silver
Great Panther Silver (GPL) is a silver mining and exploration company whose activities are focused on the mining of precious and base metals from its wholly owned properties in Mexico. This stock is down around 6% so far in 2011, but if gold takes off in the near-term, then I expect silver to follow. That in turn should make shares of Great Panther Silver a big beneficiary of any upward spike in silver.
52-Week Range: $1.19-$5.04Today's Volume: 692.668 Three-Month Average Volume: 1.73 million Great Panther Silver has a market cap of $347.81 million and an enterprise value of $293.63 million. The stock trades at a trailing price-to-earnings of 39.86. There are currently no analyst estimates for their future growth rate. The current short interest as a percentage of the float for Great Panther Silver is an extremely low 0.4%. >>5 Ways to Play the Gold Miner Spread From a technical standpoint, traders should look to get long GPL once the stock takes out some overhead resistance at around $2.71 and then $2.79 (its 50-day moving average) on heavy volume. A move above those levels with volume that's tracking in close to or above its three-month average action of 1.73 million should set this stock up for a big spike higher.
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