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The 70% owner of the Beaufor Mine trades at 11 month high
posted on
Mar 18, 2009 12:24PM
Richmont Mines(RIC) broke above a recent trading range to close at $3.85 today, up $0.35. RIC concomitantly pushed through a flat 1000 day moving average line at $3.50 and looks higher. This all bodes well for Louvem shareholders as the Beaufor Mine will be Richmont's main source of income where they are stepping up drilling, always a good sign.
