stock pick of the week

KZL was picked by TheInsideTrader for this week.Here are the reasons that they think KZL could be one of the stock which will bring you happiness:

Kagara Ltd (KZL) is a mid tier base metals miner (mainly zinc and copper) that has had a languishing share price for a long time. There are a few reasons why we think this stock is ready to move:

1. There has just been a large jump in buyer demand and smart money. This means that buyers are lining up to buy this stock and they are wanting to invest much more money than normal.

2. This stock was on the nose one year ago, yet over the year brokers have been continually increasing their recommendations on it which indicates that the share price is undervalued. Even though it has become more popular, the share price hasn't reacted yet. (make sure you look at the brokers graph)

3. A Director recently bought $150K worth of stock at a price that is 15% higher than the current price.

4. Earnings growth for next year is expected to be 1200% indicating that this stock is not dead.

5. It's possible that the earthquake in Chille last weekend could interrupt copper supplies from that country resulting in a supply issue (speculation only at this stage)
If you are looking for a short, medium or long term investment, Kagara Ltd possibly has it all for you. Do your research and take note that the current market depth queue has a solid support around 80c.

THEINSIDETRADER LINK