Stock Alert for Crowne Ventures Inc. (CRWV)
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    Stock Alert for Crowne Ventures Inc. (CRWV)

    Crowne Ventures Inc. (CRWV) is a mining company engaged in the exploration, development, mining and processing of precious metals. The Company has focused these efforts in the Tecuala Mining area in the state of Nayarit, Mexico.

    Share Statistics (24-Aug-11)
    Symbol CRWV
    Current price $0.13
    52wk Range: $0.01-$0.51
    Avg Vol (3m): n/a
    Market Cap. 2.11K
    Shares Outstanding 17.00K

    Source: Reuters.com, SEC Filings.

    Investment Highlights

    Shares of CRWV jumped 94.08% in the last five days, though the stock dropped 19.13% in the last month.  Year to date, the stock has lost 84.84%

    Shares of CRWV gained 32.14% on Friday after the Nevada-based gold mining and exploration company announced its acquisition of an adjacent gold and silver property. The penny stock traded as high as $0.12 on strong volume of about 47 million shares.

    In the press release, CRWV said CEO Dane Peterson has completed negotiations and secured an adjacent property along the proven trend line of the Company’s Gallo de Oro property. It said preliminary assay results of the new Oro de Rojas property, which is widely known for its mining history dating back well over 100 years, have indicated the largest values to date of up to 9.6/oz. per ton, and government geological reports show promising results.

    CEO Peterson stated that with CRWV’s current open pit extraction and production well under way and excavation of recoverable ore having been stepped up recently, it is only a natural next step to acquire an interest in the additional property.  With the strength of recent laboratory results, the Company will also continue to acquire all available properties along this proven trend line as dictated by additional results.

    “At this juncture, I would hope that people understand that there is a ‘land rush’ globally, for gold, silver and precious metal claims, because of the devaluation of currencies, and worldwide volatility.   Crowne Ventures has every intention of capitalizing on this with the acquisition of additional, ultra-strong geological formations, primarily focusing on the West Coast of Mexico at this time.   I believe that Crowne needs to be in a sustainable, growth mode of acquisitions and prudent production as our own new projects come on line,” commented CEO Peterson.

    CRWV is immediately continuing to expanded extraction operations on the Gallo de Oro site after recent laboratory results. Infrastructure in the form of additional road construction, security buildings, portable power supplies, and secured fencing and gates are being organized as the Company expands its operations.

    Also recently, the Company announced its search for mining properties in Mexico has been pinpointed in the mineral rich Tecuala mining district in the Mexican state of Nayarit on the Pacific coast of Mexico. It has s determined that more than one certified claim of approximately 22 acres and larger has been identified in this area and recent negotiations have begun for a letter of intent to explore and develop this claim.

    Source: http://www.crownemining.com/news.html

    Financial Summary

    There is no data available.

    Analyst Consensus

    No analyst recommendations and revisions data available.

    Technical Analysis

    Source: http://stockcharts.com

    CRWV is presently near its upper Bollinger Band. This suggests that it is at a high level relative to recent action.

    Comparative Analysis

    Company Name Ticker Price per Mrkt. Cap. P/E P/S
    Aug29-2011 symbol Share, $ $ Mn 2011 2012 2011 2012
    Golden Star Resources Ltd. GSS 2.41 623.25M 120.5 n/a 1.25 1.07
    Aurizon Mines Ltd. AZK 6.16 1.00B n/a n/a 4.07 3.98
    Cardero Resource Corp. CDY 1.20 99.13M n/a n/a n/a n/a
    Allied Nevada Gold Corp. Allied ANV 41.51 3.71B 81.39 21.51 19.03 7.33
    Gold Median       20.90 n/a 17.59 n/a
    Crowne Ventures Inc. CRWV 0.12 2.11K n/a n/a n/a n/a

    Source: Thomson Financial

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