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Stock Alert for Alto Group Holdings Inc. (ALTO)

Alto Group Holdings Inc. (OTCBB: ALTO)

Alto Group Holdings Inc. (ALTO) is an exploration-stage company. The Company has 100% interest in the Alto Lode Mining Claim, which covers an area of 20 acres, located in Clark County, Nevada. Alto Group Holdings Inc. intends to explore for gold on the property.

Alto Group Holdings Inc. was founded in 2007 and is based in New York, New York.

Share Statistics (19-Jan-10)

FY

2007

FY

2008

%

Chg

Q3 2008

Q3 2009

%

Chg

Symbol

ALTO

Revenue, $Mn

0.0M

0.0M

n/a

0.0M

0.0M

n/a

Current price

$0.68

Gross marg.

n/a

n/a

n/a

n/a

n/a

n/a

52wk Range:

$0.06-0.82

Oper. margin

-n/m

-n/m

n/a

-n/m

-n/m

n/a

Avg Vol (3m):

190,770

Net margin

-n/m

-n/m

n/a

-n/m

-n/m

n/a

Market Cap.

54.2M

Dil. Shares Outst.

79.7M

EPS, $

0.00

-0.01

100.0%

0.00

0.00

0.0%

Source: Reuters.com, SEC Filings.

Financial Summary

Financial Strength (19-Jan-2010) Company Industry Sector S&P 500
Quick Ratio (MRQ) 0.03 2.91 1.04 0.93
Current Ratio (MRQ) 0.03 3.76 1.66 1.09
Long-Term Debt to Equity (MRQ) 32.27 25.17 122.79
Total Debt to Equity (MRQ) 62.95 39.70 182.08

Source: Reuters.com, SEC Filings.

Analyst Consensus

No chart available.

Source: www.ft.com

No consensus analysis data available.

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=ALTO.OB

Investment Highlights

ALTO yesterday announced assay results from the D-10 Vein at the Nkwanta Concession on the Company’s Alto-Ashanti Project in Ghana, West Africa. The D-10 Vein is located 450 meters to the north of the highly prospective Golden Arrow Vein and contains visible gold. One notable sample returned 1.78 ounces per ton (55.395 g/t) of quartz vein material with small specks of visible gold. The D-10 Vein has been traced on surface for 100 meters and is being explored along strike. Exploration to date indicates the vein to be approximately 0.5 meter in width and is similar in appearance to the high grade Golden Arrow Vein. Twenty two samples of the D-10 Vain averaged 0.383 ounces per ton (11.90 g/t). Five additional random grab samples from ore dumps created by the local miner’s efforts averaged 0.234 ounces per ton (7.281 g/t). The D-10 Vein may represent an offshoot or splay off the Chief Vein located immediately to the north and will be a priority drill target in the upcoming surface drilling program.

ALTO engineers have been reviewing the recent data and report confidently that the Nkwanta Concession has the potential to develop into a viable gold deposit. The Company’s stated goal has been to discover a deposit containing in excess of 1 million ounces. Given that the gold deposits of the Ashanti Trend are currently estimated to contain over 90 million ounces, ALTO said it believes that the geological environment combined with the initial findings of high grades and visible gold in the veins at Nkwanta make the expectations of achieving this goal increasingly possible. With gold prices topping $1,100 per ounce, 1 million ounces would offer a current market value of over $1 billion. ALTO’s plan is to complete the phase 1 exploration program through the extraction of numerous rock samples and by generating a variety of prospective drill targets. A minimum 25,000-foot drilling program may be warranted which would follow phase 1. Once drilling is complete, the Company will commission an independent, third party resource calculation in order to formally evaluate the tonnage and grade of the Nkwanta Veins.

ALTO also recently offered an updated summary of recent activities at the gold exploration program currently underway at the Nkwanta Concession on the Company’s Alto-Ashanti Project in Ghana, West Africa. Significant gold bearing quartz veins have been discovered, sampled and are undergoing further exploration throughout the Nkwanta Concession. Work crews are acquiring both surface and underground samples for gold analysis. Initial results indicate that the Golden Arrow vein appears to be the richest location with high grades of up 47.49 ounces per ton. In a 100 foot deep underground tunnel excavated by local miners, the samples averaged as high as 2.284 ounces per ton in the quartz vein with significant shows in the surrounding rock.

The Golden Arrow Vein has been traced for 275 meters on surface and appears to trend much farther. Alto crews are now working on the surface in order to expose the vein to the west. The vein is roughly 2 meters (6 feet) wide with an 85 degree dip, which will easily allow for simple mining methods of extraction. Prior to any further digging, the vein will be drilled every 50 meters so that a three dimensional picture and proper resource calculation can be developed. A recent, small 800 pound bulk sample from the vein prepared by the local miners was crushed and subjected to simple mercury recovery extraction and returned a calculated grade of 2.12 ounces per ton.

Source: www.scottrade.com

Technical Analysis

alto

Source: http://stockcharts.com

ALTO has been relatively stable recently. This is evidenced by the width of its Bollinger Bands, which are tighter than normal. Additionally, ALTO is trading near its upper Bollinger Band. This suggests that the stock price is high relative to its recent price action.

Comparative Analysis

Company Name

Ticker

Price per

Mrkt. Cap.

P/E

P/S

Jan-19-2010

symbol

Share, $

$ Mn

2009

2010

2009

2010

Franklin Mining Inc.

FMNJ

0.0001

2.95M

n/a

n/a

n/a

n/a

Piedmont Mining Comp.

PIED

0.028

1.96M

n/a

n/a

n/a

n/a

Golden Minerals Comp.

GDMN

6.90

43.57M

1.89

n/a

4.90

n/a

Mining Median

6.16M

n/a

n/a

n/a

n/a

Alto Group Holdings Inc.

ALTO

0.68

54.2M

n/a

n/a

n/a

n/a

Source: Thomson Financial

Insider Trading Activity

NET SHARES PURCHASE ACTIVITY

Inside Purchases – Last 6 Months

Shares

Transaction

Purchases

n/a

n/a

Sales

n/a

n/a

Net Shares Purchased (Sold)

n/a

n/a

Total Insider Shares Held

n/a

n/a

% Net Shares Purchased (Sold)

n/a

n/a

Net Institutional Purchases — Prior Qtr to Latest Qtr

Shares

Net Shares Purchased (Sold)

n/a

% Change in Institutional Shares Held

n/a

Source: Yahoo Finance

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4 Comments »

  1. Does Beacon have a price Target?

  2. While we do not have a formal target on ALTO, since the Company has $0 in revenue, a poor cash position, 79 million shares outstanding and a dismal outlook, we would assume the shares are worth about $0.

  3. There seems to be no information of when shares were issued and at what price.
    All the entries on the Yahoo Bulletin Board say it’s a pump and dump scam
    but if they do have a verified share issue and sufficient funds to pay for the
    mining rights it could be a winner

  4. Yeah more than likely this is going to finish bombing out it is at 12 cents now.

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