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EMX Sells Off 5 Battery Metals Assets in Sweden to Bayrock

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or…

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Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company” or “EMX”) is pleased to announce the execution of an option agreement (the “Agreement“) to sell five battery metals projects in Sweden (the “Projects“) to Swedish Nickel Pty. Ltd. (“Swedish Nickel“), a wholly owned subsidiary of Bayrock Resources Limited (“Bayrock“). Bayrock is an Australian unlisted public company and has a pre-existing nickel mining asset in Sweden. In return for the Projects, the Agreement provides EMX with up to a 6% equity interest in Bayrock, annual advance royalty payments, 3% Net Smelter Return (“NSR“) royalty interests, work commitments and other considerations.

The nickel-copper Projects are located in northeastern Sweden in the Fennoscandian Shield (see Figure 1), which is host to numerous nickel deposits in Sweden, Finland and western Russia. The Projects each contain drill-defined zones of nickel-copper sulfide mineralization developed in and around mafic to ultramafic intrusions (magmatic sulfide-style mineralization). These zones of mineralization are also variably enriched in cobalt and platinum-group-elements (PGE), key metals used in current battery technologies. Most of the Projects’ occurrences and deposits were discovered in the 1970’s and 1980’s, with only limited and incomplete histories of follow-up exploration. See www.EMXroyalty.com for further information.

The Agreement with Swedish Nickel/Bayrock represents another example of EMX’s execution of the royalty generation aspect of its business model. EMX began exploration programs for nickel-copper-cobalt-PGE deposits in the Nordic countries in 2016, at a time of lower battery metal prices and when there was little commercial interest in these types of projects. Improvements in the battery metals markets in recent years have led to a resurgence in interest in battery metals projects, especially in stable political jurisdictions such as the Nordic countries.

Commercial Terms Overview. In accordance with the Agreement, Swedish Nickel can acquire 100% interests in any or all of the Projects through the issuance of cash or shares to EMX and performance of work on individual projects during a 36 month (3 year) option period, subject to the following terms (all dollar amounts in AUD):

  • Upon execution of the Agreement, EMX will receive $62,184 in cash.
  • Bayrock will raise a minimum of $6 million by the first anniversary of the Agreement and issue EMX between 5 and 6% of Bayrock shares on a fully diluted basis, subject to certain conditions. Alternatively, Swedish Nickel can make a one-time cash payment of $600,000 in lieu of the obligation for issuance of Bayrock shares to EMX.
  • Swedish Nickel will expend a minimum of $250,000 per project in the first 18 months of the Agreement, and another $250,000 per project in the second 18 months of the Agreement; for a total of $500,000 per project by the 3rd anniversary of the Agreement.

After satisfying the work commitments and exercising the option on any or all of the Projects, Swedish Nickel will grant EMX royalty interests with annual advance royalty (“AAR“) payments and other considerations on each of the Projects for which an option is exercised:

  • EMX will receive a 3% NSR royalty interest in each optioned project. On or before the earlier of the sixth anniversary of the Agreement or delivery of a Feasibility Study, Swedish Nickel has the option to repurchase 1% of the EMX NSR royalty on any Project by paying EMX $1,500,000.
  • EMX will receive AAR payments of $25,000 on each optioned project commencing on the third anniversary of the Agreement, with the AAR payment increasing by 10% each year.
  • Payments of $600,000 payable in cash or shares, will be made to EMX upon the delivery of a Feasibility Study on any of the Projects.
  • Closing is subject to approval by the ASX Stock Exchange.

Overview of the Projects. The Projects are situated within a belt of mafic-ultramafic intrusive complexes that straddle the Sweden-Finland border. This belt of intrusions is host to multiple nickel-sulfide deposits such as the Kevitsa and Sakatti deposits in Finland. Each of the EMX Projects included in the Agreement contain historical drill defined zones of nickel copper mineralization that also show variable enrichments in cobalt and PGE.

Kukasjarvi Project. Kukasjarvi has a geologic setting typical of many magmatic sulfide deposits, where sill-like mafic to ultramafic rocks have intruded graphitic and sulfide bearing sedimentary rocks. Magmatic sulfides at Kukasjarvi were discovered by Boliden AB in the 1970’s while tracing mineralized boulders found in the area. Twelve historical diamond holes were drilled for a total of 2,400 meters, and a historical mineral resource for Kukasjarvi was defined[1]. The deposit is believed to be hosted within a metamorphosed ultramafic cumulate rock related to larger volumes of mafic gabbros mapped in the area. The deposit remains poorly delineated (i.e. incompletely drilled), and high Cu:Ni ratios suggest that the currently defined mineralization is distal in the system(s).

Notträsk Project. Notträsk is a layered mafic intrusion of gabbro-norite-peridotite with nickel copper mineralization that was discovered in the 1970’s when road construction exposed an 80 meter thick section of sulfide rich breccias and massive sulfide accumulations. The sulfide mineralization occurs near the base of the intrusive complex, but subsequent exploration programs focussed on mineralization at higher levels within the intrusive complex. Only a few of the historical holes penetrated the basal contact, which represents the primary exploration target and remains largely untested. EMX also sees considerable exploration upside in the apophyses and offshoots of the main intrusive complex which could contain “conduit” type sulfide targets.

Vuostok Project. The Vuostok project is the westernmost of the Projects, located in the Skelleftea mining region of Sweden. Nickel-copper mineralization at Vuostok was discovered in the 1940’s after prospectors followed a trail of mineralized boulders that were carried by glaciers up to 55 kilometers to the southeast[2]. Mineralization at Vuostok mainly occurs along the basal contact of a gabbro sill intruded into granitic country rocks. After discovery, several campaigns of drilling delineated shallow bodies of nickel-copper sulfide mineralization. Many step-out drill holes also intersected masses of nickel-rich sulfide mineralization which appears to be widespread in the gabbroic intrusive complexes. Multiple conductive geophysical anomalies remain untested.

Fiskelträsk Project. Similar to Kukasjarvi, Fiskelträsk is a gabrroic to gabbronorite intrusion emplaced into sulfide-bearing sedimentary rocks. The Fiskelträsk deposit was discovered by Boliden AB during the 1970’s, which drilled eleven holes for a total of 1,600 meters. The drill data were utilized by Wiking Minerals AB to estimate a historical resource in 2014 that has been cited in multiple publications on nickel-copper deposits in the region. The mineralization at Fiskelträsk is enriched in cobalt, and although not analyzed during the 1970’s exploration programs, subsequent studies showed anomalous PGE values which need follow-up work.

Skogträsk Project. Nickel-copper mineralization at Skogträsk was identified and drilled by the Swedish Geological Survey (“SGU“) in 1969-1973. Eleven shallow diamond drill holes by the SGU intersected disseminated and “net-textured” styles of sulfide mineralization at the basal contact of a gabbro-norite-pyroxenite-peridotite intrusion. As was the case at Kukasjarvi and Fiskelträsk, the mafic-ultramafic intrusions at Skogträsk were emplaced into graphitic and sulfide-rich sediments. In 2014 Boss Resources Ltd. conducted electromagnetic geophysical surveys at Skogträsk and drilled two holes totalling 491 meters. One of the holes intersected a significant thickness (~20 meters) of nickel-copper-bearing sulfide mineralization at the basal contact of the intrusive complex, and electromagnetic geophysical data show that the mineralization may extend for several hundred meters along strike. There was no follow-up to the 2014 drill program and multiple geophysical anomalies remain untested on the property.

Comments on References to Historical Drill Results and Resource Estimates, and Nearby Mines and Deposits. EMX has not performed sufficient work to verify the Projects’ historical drill results or the published historical resource estimates. The Company is not treating the historical estimates as current mineral resources but considers them as reliable and relevant based upon independent field reviews, including inspections of historical drill core. Additional work to verify or upgrade the historical estimates as current mineral resources would include a) check assaying of historical assay results, b) confirmation drilling, and c) review/updating of the geologic interpretations under the supervision of a Qualified Person. However, there is no guarantee that the historical resource estimates will be updated as current mineral resources with further work.

The nearby mines and deposits discussed in this news release provide context for EMX’s Projects, which occur in similar geologic settings, but this is not necessarily indicative that the Projects host similar tonnages or grades of mineralization.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”; and on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
[email protected]

Scott Close
Director of Investor Relations
Phone: (303) 973-8585 
[email protected]

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039 
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain “forward-looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the year ended June 30, 2021 (the “MD&A”), and the most recently filed Annual Information Form (the “AIF”) for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

Cannot view this image? Visit: https://www.nxtmine.com/wp-content/uploads/2021/08/bc00119ad11d1e426f3c9c86f333acb1.jpg

Figure 1. Location map for the Projects and Prospective Mineral Belts.

To view an enhanced version of Figure 1, please visit: 
https://orders.newsfilecorp.com/files/1508/94715_0e07756a04bf084c_002full.jpg


[1] Papunen, Heikki, and Gorbunov, eds., 1985, Nickel-Copper Deposits of the Baltic Shield and Scandinavian Caledonides, Geological Survey of Finland, Bulletin 333.

[2] Grip, E., 1955, Tracing of glacial boulders as an aid to ore prospecting in Sweden, Economic Geology, v. 48, p. 715-725.

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94715

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7 Stocks to Buy for a Year Full of Volatility and Rate Hikes

“This time, it’s different.” Often considered the four most dangerous words in finance (five if you don’t count contracted words as singles), the…

“This time, it’s different.” Often considered the four most dangerous words in finance (five if you don’t count contracted words as singles), the sentiment warns of ignoring historical lessons and plowing ahead without a care in the world. That’s why to my knowledge, no one has uttered them in the new normal. Still, not saying it doesn’t mean you shouldn’t consider shifting strategies for stocks to buy.

For instance, you’ll often hear real-estate brokers claim that you can’t compare the housing bubble of the 2000s decade with the current rally. The idea is that buyers today are not of the subprime quality that dominated the last crisis. Without the threat of losing their homes due to say, questionable decisions of acquiring adjustable-rate mortgages, housing-related stocks to buy could likely continue rising higher.

That is, except for one problem: many of those sector-specific stocks to buy are not doing well. While the acquisitive party themselves may be prime borrowers (or even cash buyers), the overall economy still stands on shaky ground. As the Wall Street Journal pointed out, U.S.-based collective corporate debt is over $11 trillion. Additionally, other headwinds such as soaring consumer prices could cause people to limit their purchases — and that’s exactly what happened.

It’s not inflation that entirely should take the blame. The novel coronavirus’ omicron variant has taken its toll on commerce. Yet, the Federal Reserve has seen enough data to be worried. Thus, it’s likely that this year will be one of aggressive and hawkish monetary policies. The rate hikes may come earlier and with perhaps greater gusto as inflation fears continue to shape politics. In turn, that’s a good sign to rethink your stocks to buy.

However, don’t get too comfortable that rising borrowing costs are the end-all, be-all. As I’ve warned in multiple InvestorPlace articles, money velocity is down near all-time recorded lows. That’s an indication that regular folks are deeply concerned about what lies ahead. Therefore, it’s a good idea to consider these historically resilient stocks to buy.

Perhaps more than any other period in modern market history, investors must remain vigilant and agile. While it’s good to have a well-grounded framework to base your ideas from, should events and narratives change, you want to be flexible with your stocks to buy. Nevertheless, these ideas may prove worthwhile if the Fed is serious about its hawkishness.

Stocks to Buy: Charles Schwab (SCHW)

Source: Isabelle OHara / Shutterstock.com

Ordinarily, I wouldn’t think about adding Charles Schwab on any list of stocks to buy. Don’t get me wrong — it’s a fine establishment, one of the most respected institutions in high finance. However, people tend to want a little pizzazz in their portfolio. Certainly, when people get up in the morning to check their tickers, financial services securities don’t exactly rank highly.

I can imagine folks getting a jolt similar to a caffeine boost from cryptocurrencies. SCHW stock, though? Not so much.

But as I alluded to earlier, the narrative has changed. Now, financial services firms may be among the most attractive stocks to buy. Primarily, the company serves many high-net-worth investors, who probably benefitted handsomely from the time following the spring doldrums of 2020. How could you not? A monkey throwing darts would have yielded some positive ideas.

However, it’s in times of great uncertainty — such as the present juncture — where financial advisors really earn their keep. It’s easy to pick bullish ideas in an extremely bullish bull market. Now pick ones that will keep the boat afloat in ambiguous waters. And that’s part of the reason why SCHW stock may be off to a good start this year.

Progressive (PGR)

A white car with the Progressive logo written across the doors in big blue lettersSource: Shutterstock

If I had to pick a more sleep-inducing sector than financial services as an investment, it would be insurance. Home insurance, auto insurance, whatever — it’s really boring. Again, it’s not about the business itself. As I mentioned in an article for Benzinga, the insurance industry has a rich history in the U.S. In fact, entrepreneurs established the first insurance firm in South Carolina to provide fire coverage.

If you want to go further back in time, in ancient Babylon, merchants signed bottomry contracts, which were loans that covered sea shipments. If an incident resulted in lost cargo, merchants did not have to repay the loan. Furthermore, the interest on this contract covered the insurance risk.

However, what about modern times? Well, insurance stocks to buy tend to have a linear relationship with interest rates: the higher the rates, the greater the growth. Obviously, you don’t want to invest based on arbitrarily defined short-term windows. However, I can’t help but notice that PGR stock is up nearly 5.5% year-to-date (YTD).

Fundamentally, it’s possible that as Covid-19 fades, companies will recall their workers. In turn, that would imply a greater need for auto insurance — benefitting Progressive.

Stocks to Buy: Kellogg (K)

stocks to buy kelloggSource: DenisMArt / Shutterstock.com

From boring stocks to buy to boring breakfasts, Kellogg really encompasses it all.

I love Kellogg and it’s a wonderful business. However, when one in four Americans say they never have time to make breakfast — and with nearly two-thirds sometimes getting so busy that they skip meals — the critics of K stock have some viable arguments regarding relevancy concerns.

However, with the new normal, Kellogg could hedge against the return-to-work idea I just mentioned. If the mass work-from-home experiment becomes permanent, then people will have more time to munch on Kellogg’s various scrumptious breakfast products. Worse comes to worst, you might be able to claim Amish identity and have your webcam turned off.

On a more guttural level, grocery shortages inherently and cynically provide a tailwind for Kellogg through enhanced demand. Plus, like many resilient stocks to buy, K stock features a higher-than-average dividend. So, all in all, investors should continue to keep this in mind for their portfolio of stocks to buy.

Coca-Cola (KO)

coca-cola (KO) bottles and cans. coke is a blue-chip stocksSource: Fotazdymak / Shutterstock.com

By now, we’re all familiar with the concept of retail revenge. But if you haven’t heard, it’s the collective opening of wallets as consumers essentially bid to make up for lost time and experiences. Furthermore, with the personal saving rate skyrocketing during the lockdowns for obvious reasons, Americans had a lot of money to spend.

While I’m not entirely clear how much of the pandemic savings are in consumers’ balance sheets, as a rate of personal income relative to cash outlays and taxes, spending has normalized back down to pre-pandemic norms. Cynically, this may bolster Coca-Cola under the thesis of cheap entertainment stocks to buy.

Naturally, mainstream media outlets have a tendency to shift the blame on the profligacy of American consumers. But the ultra-low money velocity suggests this idea may not be entirely accurate. Instead, it’s possible that big corporations have decimated wages to the point where it’s impossible for average Americans to get ahead. The widening wealth gap also provides confirming evidence.

And please — don’t give me this toxic positivity, hustle-culture garbage about working for your dreams. If it was remotely possible for everyone to 10X their income, everyone would do it. Instead, the reality is that people will penny-pinch while still seeking cheap thrills, which cynically bodes well for Coca-Cola’s addictive products.

Stocks to Buy: Duke Energy (DUK)

the duke energy logoSource: jadimages / Shutterstock.com

Speaking of hustle culture, one of the ways that you may be able to determine whether a trend is a fading fad or a viable construct is to check if the concept works in any other context. For instance, if hustling can generate 10X your current income, can hustling utility workers generate 10X more electricity than they already do?

The answer of course is no, and the reason is that we live in a world of finite resources. Certainly, it’s possible for some elements within a system to 10X their productivity. But that would also limit many other elements from achieving their 10X potential.

Believe me, the primary beneficiaries of toxic positivity are only the ones dumping said toxicity.

And that brings me to Duke Energy. Since it’s impossible for any utility firm to 10X their capacity through “grinding” — whatever that means — Duke Energy benefits as one of the core stocks to buy during times of uncertainty. Why? Because modern society can’t survive without energy.

Put another way, consumers will cut almost anything out of their budget before they cut utilities. And once you go there, your life can 10X but in the other direction.

Southern Copper (SCCO)

Piece of copper set against black backgroundSource: Coldmoon Photoproject/Shutterstock.com

Although some measure of volatility should be expected throughout 2022, the impact on the commodities market could be mixed. In particular, copper demand has soared since the spring doldrums of two years ago. Furthermore, while much of the trading in the spot market throughout last year has been horizontal in nature, what’s more important is that copper prices show no sign of fading.

Should this continue to be the case, Southern Copper could represent one of the stocks to buy during this uncertainty. Even with a questionable economic backdrop, the political powers in this nation are generally eager supporters of electric vehicles (EVs). Sure enough, copper is a “major component in EVs used in electric motors, batteries, inverters, wiring and in charging stations.”

Put another way, if you believe in EVs, then you also synergistically believe in copper. And of course, that lends itself to potentially higher prices of both SCCO stock and the underlying asset.

Finally, copper has become even more of a strategic asset now that China is competing aggressively with the U.S. in the EV space. Combined with its well-above-average dividend yield, SCCO stock makes for an interesting case among stocks to buy.

Stocks to Buy: Wheaton Precious Metals (WPM)

A gold bar along with some coins made of precious metals. gold stocksSource: allstars / Shutterstock.com

To be upfront, precious metals miners — or in the case of Wheaton Precious Metals, streaming companies — tend to perform best under inflationary circumstances. Under this scenario, the weakening dollar incentives investors to rotate some of their risk capital into assets commanding universal intrinsic value. That way, they can preserve their purchasing power, rotating back into fiat currencies once the opportunity is appropriate.

But to wager on WPM stock when the dollar might get stronger due to hawkish monetary policies? That seems awfully risky until you consider the precious metal complex’s other catalyst, the fear trade.

Recently, I’ve been reading reports about how thieves are digging through train cargo loaded with packages in downtown Los Angeles. Due to these activities, they’re also creating massive trash heaps around the railroad tracks. What’s more, other articles state that many folks are scavenging through the trash, occasionally finding items of value.

Let me be clear: there’s no excuse for lawlessness. At the same time, desperate economic measures are facilitating wholesale desperate actions. So I’m not necessarily quick to judge.

However, such actions may point to disturbing realities regarding our economy — meaning that WPM stock could be among the relevant stocks to buy this year.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.

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B2Gold (NYSE:BTG) (TSX:BTO) shows strong production, but Mali risks persist

B2Gold’s (NYSE:BTG) strong 2021 production numbers are overshadowed by its underperforming Gold Miners Index (GDX) by nearly 20%. The drop was partly…

B2Gold’s (NYSE:BTG) strong 2021 production numbers are overshadowed by its underperforming Gold Miners Index (GDX) by nearly 20%.

The drop was partly due to a record comparative earnings year in 2020 as well as perceived risk in Mali. If recent sanctions do not impact mining operations, B2Gold’s price could start to better reflect its solid fundamentals. 

Low cost producer with strong cash position

Annual production for FY2021 was 1.04M oz. with all-in sustaining costs (AISC) between $870 and $910. AISC for FY2022 are projected to be $1,010-$1,050 due to inflationary pressures. Even so, B2G is poised to remain among the lowest cost producers in the industry.

2021 cash flow from operations is estimated at $650M. The strong cash position with virtually no debt gives the company options for exploration and M&A. $29M has been allocated to grassroots exploration for 2022, highlighting their ambition to continue to grow by drilling.

In the words of chief executive Clive Johnson, “we’ve always been very entrepreneurial, yet we’re very good at the bricks and mortar of our business…. We’ll do deals that other companies may not do.”  

Perceived Mali risks but no impact on production

Over half of B2Gold’s production comes from the Fekola Mine in Mali, where regulatory and geopolitical events have been an ongoing theme. 

There was a military coup in May which, while not impacting operations, created some negative investor sentiment regarding one of Africa’s biggest gold producers. The government’s revocation of an exploration permit for B2Gold’s Menankoto property also caused negative market reaction. Although a permitting agreement was reached in December, recent sanctions on the country imposed by the Economic Community of West African States (ECOWAS) raise the possibility of supply disruptions.  

Nonetheless, Fekola exceeded 2021 production estimates with 567,795 oz. and CEO Clive Johnson maintains that it will withstand supply disruptions and meet 2022 targets.     

Source: B2Gold

Image source: b2gold.com

Underexplored jurisdictions

Part of B2Gold’s strategy is to operate and develop in jurisdictions which, while relatively underexplored, are often perceived as higher risk compared to, for instance, Canada, Nevada, or Australia. As Clive Johnson states, “a core part of our strategy is to go where others fear to tread.”

Aside from core operations in Mali, The Philippines, and Namibia, the company has exploration projects in Uzbekistan and Finland as well as a JV development in Colombia. In July 2021, they signed exploration contracts in Egypt.  

In the face of perceived geopolitical risks, Johnson highlights the solid economic foundation gold miners brought to countries during COVID and anticipates B2Gold’s experience and reputation will set it apart.     

Valuation fundamentals

B2Gold offers one of the highest dividends in the industry (4.38%). It is trading at 8.67 times earnings and has healthy current and quick ratios of 4.89 and 2.90, respectively. Price to forward earnings and price to cash flow are both below industry averages.

If perceived Mali risks begin to ease and gold continues to show a strong hand in volatile markets, B2Gold’s value could start to be better reflected in the price.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is an insider or shareholder of one or more of the companies mentioned above.

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Trading Penny Stocks? Top Stock Market News For January 21st, 2022

What to know about trading penny stocks on January 21st
The post Trading Penny Stocks? Top Stock Market News For January 21st, 2022 appeared first on Penny…

Buying Penny Stocks Today? Here’s What You Need to Know 

With another wild week of trading penny stocks and blue chips coming to an end, there is a lot for investors to keep track of right now. Right now, there are several factors that are impeding stock market growth including the pandemic, inflation, balance sheet announcements and much more. And because penny stocks are both reactive and speculative, it’s worth taking a closer look. 

What’s Going On In The Stock Market Right Now?

During premarket on January 21st, we witnessed futures drop, signaling another potentially bearish day of trading in the market. With the NASDAQ Composite dropping by roughly 1%, it has now dropped by around 12% from its record high back in November. This clearly signifies a bearish drop and puts it well into correction territory. 

[Read More] Best Penny Stocks to Watch Tomorrow? Check These 3 Small-Caps Out

On the earnings side, we saw shares of Netflix (NASDAQ: NFLX) drop by over 20% during premarket on slowed subscriber growth. Its first-quarter subscriber growth outlook was well below expectations, with only 2.5 million reported compared to an expected almost 6.3 million. Other entertainment companies such as Disney and Roku, saw share price drops as well, likely in a sympathetic movement pattern. 

So, while all of this may sound disheartening, given the extraordinary times we’ve been living in, it makes sense that we would witness major market volatility like this. On top of that, we also witnessed the price of Bitcoin dip below $40,000, with crypto-related stocks falling simultaneously. So, with that in mind, let’s take a look at three penny stocks that gained during premarket. 

3 Penny Stocks That Gained During Premarket 

  1. Blue Star Foods Corp. (NASDAQ: BSFC)
  2. Save Foods Inc. (NASDAQ: SVFD)
  3. ReTo Eco-Solutions Inc. (NASDAQ: RETO

Blue Star Foods Corp. (NASDAQ: BSFC) 

The largest gainer of the day by far is BSFC stock, shooting up by over 220% by morning trading. While we did witness a similar jump with BSFC stock back in November of last year, it quickly corrected. Now, we are witnessing another major bullish move for the food company. While there is no company-specific news right now. The company did state back in December that it agreed to acquire assets from Gault Seafood. It also stated that this deal would be expected to close during the first quarter of this year. 

So, while no news has come out detailing any update to this deal, it is exciting to consider. In addition, Diamond Equity Research issues an update, stating the ins and outs of this deal with Gault and the company moving forward as a whole. So, with this major move today, we do see that BSFC stock is highly speculative. But, whether it’s worth adding to your list of penny stocks or not is up to you. 

Penny_Stocks_to_Watch_Blue

Save Foods Inc. (NASDAQ: SVFD)

Another big gainer of the day is Save Foods Inc., which managed to climb by over 34% in early morning trading. With shares halted on a circuit breaker in the morning, we are seeing massive volume for SVFD stock right now. 

[Read More] 3 Penny Stocks That Investors Are Watching Right Now And Why

Similarly to BSFC, there is no news that is driving SVFD stock up right now. However, many view it as a low-float play which is likely the cause behind this uptick. Keep in mind that SVFD stock is highly volatile as we’ve seen with its trading today. And with an over 50% drop in its value in the past year, it’s clear that there are many fluctuations occurring with SVFD stock right now. Whether this makes it a worthwhile addition to your penny stocks watchlist however, is up to you and your trading strategy. 

Penny_Stocks_to_Watch_

ReTo Eco-Solutions Inc. (NASDAQ: RETO) 

While RETO stock’s gain of around 3% in morning trading is not much compared to the other stocks on this list, RETO has climbed by almost 70% in the past five days. And, in the last month or so, that number jumps to over 160% which is no small feat. The major news with RETO came as it entered into an equity acquisition agreement to acquire an interest in Yile IoT Technology Co. Ltd. through REIT Mingde.

“We are excited about the acquisition of REIT Mingde as we believe this transaction will enable us to integrate Yile IoT’s technologies into ReTo and accelerate the upgrade and growth of ReTo’s business. With the support of IoT technologies, ReTo strives to become a technology-driven provider of services for ecological and environmental protection industries, and increase value for our shareholders.”

The CEO and Chairman of ReTo, Mr. Hengfang Li

This is great news for the company as the IoT market is continuing to heat up right now. So with that in mind, is RETO stock worth buying or not?

Penny_Stocks_to_Watch_ReTo

Which Penny Stocks Are You Watching?

If you’re looking for the best penny stocks to buy in 2022, there are hundreds of options to choose from. While it can be difficult to land on just a few for your watchlist, with the right research on hand, it can be much easier than previously imagined.

[Read More] Trading Penny Stocks? Top Stock Market News For January 20th, 2022

Now, trading penny stocks right now is highly volatile considering the sheer number of events that are impacting the stock market. But, with high hopes surrounding the future, many expect that it could get better in the coming weeks. With that in mind, which penny stocks are you watching?


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The post Trading Penny Stocks? Top Stock Market News For January 21st, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Author: D. Marie

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