AZK Aurizon Mines Breaking Out Today
While my other stocks in basket 1 are taking a chill today, ABAT, SVA, AZK is breaking up into a new all time high and obviously a new 52 week high as well. I noticed that TheStreet.com upgraded AZK 4 days ago.
From TheStreet.com: “Aurizon Mines, which operates gold properties in North America, has been upgraded to buy. The company enjoys a largely solid financial position, with robust growth in revenue and net income, good cash flow from operations, and a solid stock price performance. While no company is perfect, TheStreet.Com Ratings does not see any major weaknesses which are likely to detract from the generally positive outlook. Aurizon’s revenue growth greatly exceeded the industry average of 39.4%, and net income increased by 158.6% from a year ago to $6.98 million. Net operating cash flow has significantly increased by 246.54% to $4.71 million.
The company has also vastly surpassed the industry average cash flow growth rate of 129.08%. Despite currently having a low debt-to-equity ratio of 0.58, it is higher than that of the industry average. Aurizon Mines had been rated hold since May 2006.”
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