trading at a pe of 2.5 and an 9% yeild

This little company seems to be flying under the radar and looks very cheap to me as the mining service sector looks to be warming back up.

Current market cap only $20 million and going by the latest annual report the company made $8 million in 2013 compared to $6 million in 2012 so they are growing which is very good to see and what you want in a company.

They also paid out a dividend of 3.6 cents for the year or around 9% yeild.

The chart looks to have broken out on friday on some big volume and based on these numbers i see fair value much higher up.

Even on a PE of 5 which is cheap this should be trading around $1 per share minimum or $40 million market cap easily.

Looks like it could run hard as its got a long way to go to catch up to its peirs.

One to deffenatly watch over the coming dalys/weeks/months.