Alumina Limited (AWCMY)

[frenchee]

Australia-based Alumina, as the name implies, is a big aluminum player, investing in bauxite mining, alumina refining, and some aluminum smelting operations. AWC is 60% owned by Alcoa.

Alumina was a penny stock until November 2002 when it lifted off the launch pad. Now trading around $22, it's down about 30% from its recent $31 high.

The company had some recent earnings woes due to increased operating costs, but I believe those will be resolved going forward. The stock is worth investigating.