Alder Resources Ltd. (ALR)

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Alder Resources Ltd. (CVE:ALR) (PINK:ARLSF) Starts to Correct Back Down January 25, 2012

Alder Resources Ltd. ( CVE:ALR ) (PINK:ARLSF) gained 86.4% over the past few sessions under heavy trading volumes that were significantly above average during all the run-up. The price run appeared simultaneously with the annual financial results that the company published on January 20. The company's fundamental situation doesn't look that favorable though: Value of properties got cut down nearly three times to $2.6 million; Working capital position of $1.7 million was less than...read more