Great Panther Silver Ltd (AMEX: GPL )

Great Panther Silver Limited is a profitable, primary silver mining and exploration company listed on the Toronto Stock Exchange, trading under the symbol GPR and on the NYSE Amex, trading under the symbol GPL. The Company’s current activities are focused on the mining of precious and base metals from its two wholly-owned operating mines in Mexico. In addition, the Company is also pursuing acquisition opportunities throughout Latin America to add additional mines to its portfolio of properties. Great Panther’s mission is to become a leading primary silver producer by acquiring, developing and profitably mining precious metals.

It has commenced the shipment of silver-gold pyrite concentrates from its Guanajuato operation to a new buyer in Mexico. The first delivery of 100 tonnes started today and is the first of many shipments which will allow the Company to reduce the backlog of concentrates at its Guanajuato mine.The additional new sales are expected to return strong revenues in the third and fourth quarters

GPL gained 6.67% on last trading day on 2,718,673 volume. It has 52-week low of $2.95 and high of $3.12. Previous Closing Price $3.04 is below its 20 day moving average $3.27 and its 100 day moving average $3.44. It has an ongoing P/E of 32.67, which indicates that it seems still undervalued. It held up reasonably well in this down market and expected to see big moves next week on the rebound in market. It is upgraded to buy by stoxline.com and has a price target of $4.13 in six months.