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Resources Stocks Down Under 13 May 2021: Medusa Mining, Iron Road, Bowen Coking Coal
Medusa Mining: A miner Rodrigo still likes
In today’s edition of Resources Cap Stocks Down Under, the second half of 2020 saw a de-rating for Perth-based Medusa Mining, owner of a producing gold mine in the Philippines called Co-O. On 3 August, you could buy the stock for 88.5 cents. By 25 November, Medusa was down to 70.5 cents. Since November, however, things have been looking up. We predict good times ahead for Co-O and for Medusa.
Also in today’s edition, a look at iron ore miner Iron Road (ASX: IRD) and coal miner and coke coal producer Bowen Coking Coal (ASX: BCB).
Click here to read the previous edition of Resources Stocks Down Under published 6 May 2021