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Fronteer DevelopmentIndustrial metals and mining stocks have made a quiet comeback, with many of them challenging last year's lofty levels. Good stockpicking skills are required in taking sector exposure, because January performance has been uneven, to say the least. Fronteer Development Group ( FRG) is one lesser-known play in the group.
This is a mineral exploration company with properties all over the world. The stock rallied to an all-time high last week, in a powerful move that carried it above two-month resistance and the round number of $10. Look for price to consolidate near current levels before it starts another leg of this developing rally.