Cigma Metals Corp. (CGMX.PK)

Cigma Metals Corp is located in Australia and is in Mining and Quarrying of Nonmetallic Minerals (No Fuels) business. Trading on the Pink Sheets, the stock symbol is CGMX.PK. There are significant risks associated with investing in Pink Sheet stocks, we advise that any story you may have heard about this company be considered with extreme scrutiny.

The company is little with 16 employees. Although the employee count might be enough for current operations, the company might be losing business opportunities due to invariability. You should consider the risks related to a workforce of this size, when you evaluate this stock.

On Jan 6, 2009 the share price of the company reached $0.30. At the moment, the share price of the company is 58.33 % lower than its 52 week high of $0.72. Judging from the low share price under $1.00, there appears to have been little to no improvement in the company's financial performance, thus keeping the share price so low. Share price movement over the last 52 weeks shows no real signs of a clear pattern forming. This stock has issues with liquidity. Once bought, such shares might be difficult to sell.

A short while ago, some news was released by the company. Cigma Metals Corp on Dec 17, 2008 announced the following news " Cigma Metals Corporation Announces the Results of 2008 Drilling Program on the Quartzite Gorka Prospect, Dostyk Gold-Copper Project in Kazakhstan ". Although this news is out there, it is too early to determine the ultimate effect that it will have on the company's share price.