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Highest Beta in the Gold Industry Detected in Shares of Keegan Resources (KGN, ANV, NGD, NSU, PEZGF)

Written on Fri, 07/23/2010 - 5:52am
By Chip Brian

Below are the top five companies in the Gold industry as measured by beta. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Keegan Resources (AMEX:KGN) ranks first with a beta of 1.7; Allied Nevada Gold (AMEX:ANV) ranks second with a beta of 1.5; and New Gold (AMEX:NGD) ranks third with a beta of 1.4.
Nevsun Resources (AMEX:NSU) follows with a beta of 1.4 and Pediment Gold (NASDAQ:PEZGF) rounds out the top five with a beta of 1.4.
SmarTrend is bullish on shares of NSU and our subscribers were alerted to Buy on February 10, 2010 at $2.40. The stock has risen 48.4% since the alert was issued.

Keywords: amex:kgn keegan resources highest beta

Ticker(s): PEZGF NSU

Contact Chip Brian



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