The last on Louven is $0.85. With US gold prices continuing to advance at $980, a robust exploration campaign in progress at the Beaufor Mine along with excellent earnings due to be reported soon, LOV is back in the saddle and charging higher.

Technically, the shares are approaching an over-bought posture but that's only normal with some increasing public attention being more focused on the stock's long term prospects with barely sufficient offerings in the marketplace along with its low P/E ratio. At one point, LOV's P/E ratio was about 3.5 times expected 2008 earnings. Currently, the P/E ratio is over 6. It still looks cheap to me at $0.85 with gold's future shinning brightly.