This summer copper has been trading in a range of 3.05 - 3.15, with an average price of about 3.10. In the last two weeks, copper has broken out and is trading today at 3.36 and it looks like it has not stopped it's climb. This is a $0.25 per pound increase over the summer average. Last quarter, Gibraltar produced 12,200,000 pounds of copper, 75% of which is TGB's. So TGB gets 9,150,000 pounds, times the $0.25 increase and you get increased revenues of $2,287,000. There are 192,000,000 shares, divided into the increased revenues equals increased EPS of $0.012 or 1.2 cents.
That is a significant boost to EPS, which has been running in the 0.01 to 0.02 range for a couple of years.
So we are getting a boost from copper, a boost from reduced spending on Gibraltar, a boost from increased copper production (to record levels) - and we are still at four year lows in share price.
There has been strong volume in the last few days, seemingly linked to the increase in copper price. Or a leak about Prosperity.