What makes one of the best penny stocks to watch? In my opinion, a strong sector, proper market timing, positive momentum, and potential for growth. While some penny stocks in 2020 saw short-lived runs, some of the biggest and most consistent moves came from gold penny stocks. It all began as the economy started shutting down across the globe and recessionary fears started to grow. On March 19th we decided to issue our first “Penny Stock In Focus”: IMC International Mining (OTC: IMIMF) (CSE: IMCX).
At that point, IMC International was just beginning to see major progress during a time where safe-haven gold stocks gained more attention in the market. When we first issued the focus article on March 19th, IMC International was in the middle of a pending acquisition.
Finally, on April 2, IMC International Mining (OTC: IMIMF) (CSE: IMCX) officially announced the closing of this long-awaited, multi-million-dollar acquisition of Thane Minerals and what IMC believes to be a promising property, Cathedral in northern British Columbia. Over the last 3 weeks, we’ve watched as IMC International executed on milestone after milestone and management kept the public updated along the way with frequent shareholder conference calls.
IMC International Mining & A Big Win For Members
On top of that, we saw one of the most epic rallies among all gold stocks, let alone gold penny stocks. When we started watching the company on March 19, IMIMF shares opened at $0.33 in the US and IMCX opened at $0.45CAD in Canada. Over these last three weeks of trading, informed members and readers alike have watched as this junior gold exploration stock soared to highs of $0.73USD (IMIMF) and $1.00CAD (IMCX).
This marked a run of more than 120% so far! Even as of the close on April 21, this gold stock is up more 79% and 82% respectively since we first reported on this as a “Company In Focus.” So, for all of our members and readers, congrats! This latest focus and penny stock alert was a big one and, not to mention, it hasn’t been any fly-by-night alert either.
What Have We Seen So Far?
Besides a big win in April for our readers, IMC International has been laying the groundwork for exploration of its newly acquired Cathedral property:
Following the acquisition, current Chairman Greg Hawkins and CEO Brian Thurston explained they wanted to get the ball rolling on exploration but I’m sure not many expected it this quickly. IMC International brought on CME Consultants to begin its geochemical program and about a week later announced that rock and soil samples were sent off for lab testing.
Now the clock is ticking to see “what’s next” when it comes to these results. As gold continues to find its new base, we’ll make sure to keep our readers updated on any new developments with IMC International Mining (OTC: IMIMF) (CSE: IMCX).
For now, congratulations on a big win and stay tuned for more. If you haven’t done so yet, make sure to subscribe for real-time text alerts. Text PENNYSTOCKS to 63566 now and if you’re a reader not yet subscribed to our newsletter, subscribe today and get a free copy of our newly released, 60+ page intro to penny stocks ebook!