These Penny Stocks Could Present Safe-Havens From Coronavirus
The world is watching as the coronavirus outbreak continues to consume entire countries. What began in Wuhan China, has now hit every continent except Antarctica. But what was revealed this week could pose another risk, this time to the United States. As a result, we could see more market uncertainty but there’s an equity class offering potential safe-havens right now.
That class is penny stocks. In fact, across every major media outlet, the name of the game has been “coronavirus stocks.” The fact that the government in the U.S. is looking to devote billions to researching a cure has investors looking at certain biotech penny stocks right now.
[Read More] Top Penny Stocks To Watch This Week? One Up 150% This Year
On top of that, the bigger picture concerns over economies slowing have traditional safe-haven sectors in focus including gold penny stocks. Given the extreme focus on these two sectors, it’s worth taking a much closer look at the companies on the front-lines right now. These are the emerging companies, junior miners, and pre-clinical & clinical-stage companies that could truly offer a first-mover advantage.
Gold Penny Stocks To Watch
It’s no secret that gold has presented a huge opportunity for investors to take advantage of the fear in the market. In fact, if you look back at the last year or so, you’ll easily notice the move that gold prices have made. In line with this has been the search for the next big gold penny stocks to buy. I say penny stocks because junior mining stocks have a tendency to offer much more upside percentage potential than larger-cap counterparts. In fact, TheStreet.com published an article talking about the advantages of investing in small-cap gold stocks hold above blue chips.
“juniors tend to be more volatile than the majors, jumping faster in rallies, and falling further in routs. Now that gold prices seem to be on the march higher we can expect juniors to race ahead of the major gold stocks.”
IMC International Mining (IMCX)(IMIMF)
One of the top penny stocks to watch as far as junior gold stocks are concerned, IMC International Mining (IMCX – Free Report)(IMIMF) is at the top of that list. Not only has shares of the company’s stock taken off this year, but the company has also begun building out a portfolio of assets showing mineralization perfect for gold discovery.
Aside from the current Bullard Pass property in Arizona, its latest acquisition target could put the company among top-tier producers in British Columbia.
MC International Mining’s latest development is to acquire Thane Minerals which owns 100% of the interests in the Cathedral Property. Located in the Quesnel Terrane, this area has shown to have rich mineralization. In addition, Quesnel Terrane hosts past and planned production. So it’s clear that completing this acquisition could be a big step forward for a company like IMC International.
Rider: It is noted that the results of nearby or adjacent properties are not necessarily indicative of the potential of the Cathedral property and should not be understood or interpreted to mean that similar results will be obtained from the Cathedral property.
Furthermore, the deal would also see IMC adding industry vet, Greg Hawkins to its board. He is the current Director of New Pacific Metals (NUAG). His previous endeavors include founding Project Consultant and/or Founding Director Brohm Mining, Banro Resource Corp, African Gold Group, Yellowhead Mining, and Dayton Mining. The last 3 were involved in buyouts ranging from $20 million to $1.8 billion.
Gold Standard Ventures (GSV)
Another one of the gold penny stocks to watch right. Now could be Gold Standard Ventures Corp (GSV – Free Report). Shares of the company may have started to recover after hitting lows on Wednesday of $0.62. Late last year the company found a new high-grade oxide zone at its Railroad-Pinion Project in Nevada. Since then the company has focused on developing the area.
Initial pre-feasibility studies show significant improvements compared to the first generation study released on September 10, 2019. Jonathan Awde, CEO and Director of Gold Standard commented: “We are very pleased to see the substantial improvement in project economics in this second PFS. Project design is an iterative process and we expect to see further improvements as we proceed with our development plans.”
“The 2020 drilling program will focus on extending mine life through the potential conversion of Inferred ounces at Pinion, and other satellite deposits, to the Measured and Indicated categories, and step out exploration testing new geologic interpretations at Dark Star.”
According to Gold Standard, the South Railroad portion of the Railroad-Pinion project hosts one of the largest, undeveloped oxide gold reserves on the Carlin Trend in Nevada. The Carlin Gold trend is one of the world’s richest gold mining districts hosted in Nevada.
Biotech Penny Stocks To Watch
While gold presents an opportunity to leverage more than just the coronavirus for a longer-term hedge, you can’t ignore biotech penny stocks either. These are focused on developing or are already involved with things related to the coronavirus. Considering the price of facemasks on Amazon has gone up dramatically, even the most uncommon companies can fall into this category.
Ritter Pharmaceuticals (RTTR)
This is one of the penny stocks we have discussed since the start of the year. Ritter Pharmaceuticals (RTTR – Free Report) has since announced a definitive agreement to merge with Qualigen Inc.
This will see Ritter change the name of the company to Qualigen or something similar. In the article “Want To Buy Penny Stocks? 4 Names To Know Right Now” we highlighted Ritter’s focus on a strategic deal. Well, not only could this be exactly that but it puts RTTR on the list of coronavirus stocks to watch.
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The reason being is that Qualigen has a portfolio of nanotech therapies for treating cancer and infectious diseases. Assuming we can count coronavirus in the infectious disease category, it makes sense why RTTR stock has taken off. But you should note that Qualigen’s website shows a strong focus on cancer therapies at this time. So keep this in mind if you’re looking for coronavirus stocks with actual pipeline treatments targeting the virus. In any case, Ritter has turned some heads this week. Shares reached highs of over $0.32 on Thursday marking a move of 87% since following in January.
Disclaimer:
Pursuant to an agreement between Midam Ventures LLC and IMC International Mining Corp. (CSE: IMCX) (IMIMF), Midam has been paid $200,000 for a period from January 7, 2020, to February 14, 2020. Midam has been paid an additional $200,000 and extended its period of coverage to March 14, 2020. Midam has been paid an additional $200,000 and extended its period of coverage to July 9, 2020. We may buy or sell additional shares of IMC International Mining Corp.(CSE: IMCX) (IMIMF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about IMC International Mining Corp. (CSE: IMCX) (IMIMF). Full disclaimer here.
