Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Small Cap Stock Picks: Claude Resources, Inc. (CGR) Undervalued Gold Penny Stock Grabbing Attention

|Includes: Claude Resources, Inc (CGR)
BUSINESS SUMMARY  

Claude Resources Inc. engages in the acquisition, exploration, and development of precious metal properties; acquisition and development of oil and natural gas properties; production and marketing of minerals; and production of oil, natural gas liquids, and natural gas.

CGR has been picking up momentum for all of 2009 as gold and oil have both been to bullish sectors as of late. Currently CGR is forming a large bullish symmetrical triangle that has been forming since august of 2008. With Fridays substantial increase in volume, which topped out at 1.64m over CGR’s average trading volume of 350k, this looks like we have some strong momentum pushing forward now on the buy side to possibly break us out of this chart pattern.

Latest Head Lines:

Fundamental #’s

Current Year EPS: -.15
Next Year Estimates 2010:  +.04

Current Year Revenue: $57m
Next Year Revenue: $72m
+25% estimated growth

Forward P/E: 20.13x
Industry Avg P/E: 43.89x

Current Ratio: 1.53

Fous Fair Value: 1.75
Current Price: .805

+117% upside potential

Disclosure: Black Service is Long @ .78

Technical analysis:

CGR