$HOC.L – Hochschild Mining – looks interesting

HOC (Hochschild Mining) is a precious metals company with a primary focus on the exploration, mining, processing and sale of silver and gold.

I bought a small holding this morning because I noticed that there was a placing earlier this month with heavy director buy-in. The placing was to fund an acquisition. HOC is rated on its cheapest EV/Sales yearly snapshots it has been since flotation in 2006. The share price reached over 600p in at the end of 2010, and beginning of 2011. Shares have fallen way back since then, so it looks like a buying opportunity.

158.38p