What are the best penny stocks to buy on Robinhood or Webull right now? Depending on who you ask, the criteria might be very different. But the rise of cheap penny stocks like Camber Energy (NYSE:CEI) and Aehr Test Systems (NASDAQ:AEHR) have certainly shed a lot of bright light on this asset class in 2021.
Whether it’s been short squeeze stocks, meme stocks, low float penny stocks, or somewhat of a mix, the trends have suggested 1 thing. Traders are looking for ways to take full advantage of volatility in the stock market today.
The tough part might come if you’re one of the millions using these apps like Robinhood or Webull. How can you possibly find cheap stocks to buy if you can’t trade OTC penny stocks?
I’m here to tell you that just because you’re limited to NYSE and Nasdaq stocks, there are still plenty of companies with shares trading below the $5 threshold. In fact, today, we’re looking at 4 that are trading where CEI stock was at just a few weeks ago, below $1.
Penny Stocks To Buy For Under $1 On Robinhood & Webull
- United States Antimony Corp. (NYSE:UAMY)
- Gran Tierra Energy Inc. (NYSE:GTE)
- Borr Drilling (NYSE:BORR)
- Cyren Ltd. (NASDAQ:CYRN)
1. United States Antimony Corp. (NYSE:UAMY)
One of the more prominent trends you’ll see on this list of penny stocks deals with raw materials stocks. US Antimony focuses on mining precious metals as well as antimony. This is a raw material with various uses. One of these is in batteries. Based on this, UAMY has gotten folded into the discussions on EV penny stocks.
With no leading source of antimony in the United States, this presents an interesting opportunity for companies like US Antimony. China, Russia, and Tajikistan, more or less, have control over the world’s antimony, supplying some 90% of the global production. That’s why the company has been pushing for new agreements with companies like and actively pursuing additional JV partners to expand its footprint.
With Perpetua, US Antimony announced earlier this year that they would study the feasibility of processingantimony concentrates at facilities owned by US Antimony. Responding to the move, Laurel Sayer, CEO of commented, “America has the brainpower, spirit of innovation, and work ethic to continue to solve some of the world’s toughest problems. However, we lack the minerals and materials we need to bring those solutions to life. can play a key role in re-establishing domestic antimony production and protecting America’s energy, technology, and defense future.”
With Antimony prices at some of their highest levels in nearly a decade, UAMY could be one of the penny stocks under $1 to watch right now.
2. Gran Tierra Energy Inc. (NYSE:GTE)
With reopening efforts continuing, raw materials aren’t the only thing gaining attention. Energy stocks have enjoyed a brighter spotlight as well. Gran Tierra Energy focuses on oil and gas exploration and production. Right now it’s developing a portfolio of assets in Columbia and Ecuador.
Though alternative energy and carbon neutrality are a big focus, building the infrastructure to accommodate this initiative required current energy resources. The most immediate of these comes from traditional energy commodities. Heading into the final quarter of the year, Gran Tierra has strong tailwinds giving a boost from its latest round of operational highlights. These included a 14% increase in average total production for the second quarter on a year-over-year basis. The company also reaffirmed its full-year production guidance of 27.5k to 28.5k barrels of oil per day with a capital program range of $130 million to $150 million.
The company has also put backstops in place to hedge against oil price fluctuations and protect its cash flows during the second half of the year. These include weighted average floor and ceiling prices of $57.03/bbl and $65.29/bbl respectively. In consideration of higher energy demand at least in the short-term thanks to supply chain bottlenecks, GTE stock and others could be on the watch list.
3. Borr Drilling (NYSE:BORR)
Another one of the energy penny stocks to watch this week was Borr Drilling. Similar to GTE, BORR stock has experienced a rebound thanks to bullishness in energy. In Borr’s case, the company provides drilling services to the oil and gas exploration and production industry. It owns and operates jack-up rigs to service its projects.
Borr has also experienced growth this year. If you look at its second-quarter results, the company was able to increase its revenues by 13% over the first quarter along with its adjusted EBITDA. The company has also picked up its dealmaking activity pushing forward with a sale of one of its JV’s and entering into multiple LOA/LOIs for two rigs in West Africa. As of the end of August, Borr has been awarded 28 new contracts, extensions, exercised options, and LOA/LOIs. This represents over 6,300 days of potential backlog and $542 million in revenues excluding unexercised optional periods according to the company.
Adding to this, Borr also secured a Letter of Award for “Mist,” a premium jack-up rig. The project is anticipated to begin in November with a planned duration of 7 months. This rig increases the company’s contracted fleet to 15.
4. Cyren Ltd. (NASDAQ:CYRN)
Going completely off-script, Cyren is another one of the penny stocks under $1 listed on a major exchange right now. Unlike the previous companies mentioned, Cyren specializes in digital threat intelligence solutions. In particular, according to Cyren, more than 1.3 billion users globally rely on its cloud security offerings for protection against cyber attacks.
Though it isn’t an energy penny stock, the company could join this list of reopening stocks. That’s thanks to the huge initiative that was placed on remote working over the last 18 months. If you’ve read our commentary on Cyren and other cyber security stocks, you may remember a study we’ve discussed this month. HP pointed out the situation that IT teams face when trying to improve cybersecurity for the world’s remote workforce. The study found that IT workers feel that there is no choice but to compromise cybersecurity to appease workers complaining about slower business processes. In essence, these cybersecurity methods are believed to “get in the way” of deadlines and time-sensitive projects.
The reports showed that more than 75% of IT teams said cybersecurity took a “backseat to business continuity during the pandemic,” and 91% reported feeling pressured into compromising security for business practices. To this end, Cyren has also teamed with the likes of companies including TD SYNNEX, Towpath Credit Union, and IT firm, Improving, to enhance next-generation anti-phishing solutions.
Are You Looking At Cheap Penny Stocks Right Now?
Whether you’re looking for penny stocks near $5 or stocks under $1, volatility plays a role. The cheaper the stock, the less it needs to move to record significant gains (or losses). With that in mind, have a clear understanding of exactly how to trade these low-priced assets with a clear plan on how to make money with penny stocks.
Collective Mining Makes a Significant New Discovery at the San Antonio Project, Drilling 710 Metres at 0.53 g/t Gold Equivalent from Surface
Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has…
Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has made a significant grassroot discovery at the Pound target (“Pound”) within its San Antonio project, Colombia. Pound is one of three targets the Company has generated at the San Antonio project and assay results reported herein are from the recently completed Phase I reconnaissance drill program, which tested two of these targets.
Highlights (Tables and Figures 1 to 5)
- Continuous gold (“Au”), silver (“Ag”) and base metal (copper and molybdenum) mineralization hasbeen intersected from surface, over the full core lengths of two reconnaissance diamond drill holes at Pound as follows:
- 710 metres at 0.53 g/t gold equivalent from surface including 133 metres at 0.92 g/t gold equivalent from 470 metre depth (SAC-8); and
- 750 metres at 0.41 g/t gold equivalent from surface including 187 metres at 0.59 g/t gold equivalent from 60 metre depth (SAC-6).
- Importantly, both drill holes ended in mineralization with copper and molybdenum grades increasing at depth including:
- 70 metres at 0.12% copper and 89 ppm molybdenum from 681 metre depth (SAC-6); and
- 133 metres at 0.15% copper and 27 ppm molybdenum from 470 metre depth (SAC-8).
Pound mineralization is related to hydrothermal breccia and highly altered, quartz diorite intrusive which have been overprinted by late stage, polymetallic veins. Pound is located within a NE-SW trending corridor, as defined by mineralized breccia and altered intrusive, which is open in alldirections and has been mapped to date over a strike length of approximately 1.3 kilometres.The alteration system associated with Pound (advanced Argillic litho-cap) is related to the upper and peripheral portions of a porphyry system. The Company is currently reviewing its options for follow up exploration which would include initiating a Phase II diamond drill program and a high-resolution and deep penetrating IP survey as has recently and successfully been undertaken at the Guayabales project.
“The wide and continuous zones of mineralization intersected from surface at Pound are exciting and suggest we are either peripheral to or above a very large porphyry system,” commented Ari Sussman, Executive Chairman. “It is extremely pleasing that we have made brand new significant discoveries with the initial drill holes into grass root generated targets at both our Guayabales and San Antonio projects. With funding in place through 2022, the Company will become aggressive in the short-term with follow up drilling on our new discoveries and testing newly generated targets across the project portfolio.”
Table 1 Initial Diamond Drilling Results at the Pound Target
Geological Details of the San Antonio Project
The San Antonio (“SA”) Project is located in the Middle Cauca Gold Belt (“MCB”), 80 km south of Medellin and 50 km north of Manizales, Department of Caldas, Colombia. The MCB has been the most prolific belt for Miocene aged, porphyry and epithermal vein discoveries within Colombia and multi-million ounce discoveries in recent years include Buriticá, La Colosa, Nueves Chaquiro and Marmato.
The SA covers an area of 3,853 hectares and hosts multiple quartz diorite, diorite intrusive and breccia bodies of Miocene age which intrude basement schists and younger volcano-sedimentary packages.
Three specific grassroots exploration targets have been outlined by surface mapping, sampling, soil geochemistry, geophysical modelling, and shallow scout drilling. These are referred to as the Dollar, COP and Pound targets.
The Pound target is located in the northern portion of the project, is defined by multiple hydrothermal breccia bodies hosted within highly altered diorite and quartz diorite intrusive and overprinted by late stage, polymetallic veins. This zone of altered intrusive and breccia bodies trends NE-SW and has been mapped for a strike length of plus 1.3 kilometres. The zone is still open to the NE and SW. Outcrop exposures on the southern border of this target area include epithermal vein systems within a preserved lithocap of advanced argillic alteration which is superimposed on hydrothermal breccia bodies which grades laterally and downwards into intermediate argillic alteration assemblages. These rocks are interpreted to reflect preservation of the shallow levels of the porphyry system. The initial two reconnaissance diamond drill holes, SAC-6 and SAC-8, were drilled to respective downhole depths of 750 metres and 710 metres and intersected various hydrothermal breccia (pyrite matrix), altered quartz diorite intrusive and late-stage polymetallic veins. All the rock units have been hydrothermally altered with an earlier sericitic event overprinted by a strong, advanced argillic phase with various aluminosilicates. At depth, various diorite phases display disseminations and aggregates of chalcopyrite and molybdenite in contact with large blocks of metamorphic schist. The target remains open in all directions and further work is envisaged and will commence with a deep penetrating, high-resolution, induced polarization survey down to minimum depths of 900m below surface followed by a Phase II expanded diamond drilling program. Exploration targets include the mineralized breccia and a porphyry system postulated to occur below the lithocap.
The COP target is located 800 metres south of Pound and is defined by highly anomalous molybdenum (8 ppm to 108 ppm) and gold (up to 2.74 g/t) in soils in association with altered diorite porphyry and quartz veinlets over an area of 650 metres x 350 metres. The surface expression of the COP target is coincident with geophysical anomalies, at 200-300 metres depth which include a positive magnetic anomaly and IP chargeability and resistivity highs. COP has not been tested, other than a single historical borehole drilled just south of the target area, returned an intercept of 99 metres at 0.42 g/t gold and 4.9 g/t silver within unmineralized country rocks partially intruded by mineralized porphyry quartz veins at a depth of 608 meter downhole. The mineralization encountered in the drill-hole is interpreted to be leakage from the COP target directly to the north.
The Dollar target is located 400 metres south of COP. At surface various outcrop of quartz diorite porphyry host stockwork and sheeted quartz-magnetite vein systems associated with disseminated pyrite covering a 500 metre radius. Shallow scout drilling (6 holes) to cover the target area, identified the main mineralized porphyry. Holes SAC-1 to SAC-5 and SAC-9 returned gold intercepts of 0.1 to 0.3 g/t over various angled intercepts of 100 metres to 600 metres length within or across the various outcrops of the mineralized stockwork system. Based on the shallow intercepts a deeper hole was drilled into the mineralized stockwork and returned the intercepts outlined in Table 2 below. Gold, copper and molybdenum grades improve with depth and further deeper drilling is warranted, particularly as the project area is located approximately 300 metres above an accessible valley floor.
Table 2 Initial Deep Diamond Drilling Hole at the Dollar Target
The San Antonio project benefits from favorable topography with approximately 600 vertical metres of elevation change from the mountain peaks to the various flat lying valleys. Additionally, the topography is not overly steep, lending itself to multiple potential infrastructure development scenarios should an economic deposit be discovered in the future.
Qualified Person (QP) and NI43-101 Disclosure
David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).
Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru; and Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. Certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.
About Collective Mining Ltd.
Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result are fully aligned with shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive exploration program on both the Guayabales and San Antonio projects a total of eight major targets have been defined. The Company is fortuitous to have made significant grass root discoveries on both projects with discovery holes of 104 metres @ 1.2 g/t gold and 12 g/t silver and 710 metres @ 0.53 AuEq at the Guayabales and San Antonio projects, respectfully.
Collective Mining Ltd.
Steve Gold, Vice President, Corporate Development and Investor Relations
Tel. (416) 648-4065
This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Figure 1: Plan View of the San Antonio Project and the Pound Target
Figure 2: Plan View of the Pound Target
Figure 3: Cross Section of Pound Drilling
Figure 4: Core Photos: Pound: SAC-6 and SAC-8
Hydrothermal breccias, cemented by sericite, carbonates, and sulphides are overprinted by strong advance argillic alteration with pyrite and chalcopyrite and molybdenite mineralization.
Carbonate base metals with galena, sphalerite and pyrite mineralization. Microdiorites and quartzodiorites with secondary biotite alteration with magnetite chacopyrite and pyrite mineralizattion.
Figure 5: Core Photos: Dollar, SAC-7. Clay Alteration Overprint Decreases With Depth
Quartz Diorites porphyry overprinted by strong Sericite alteration, quartz veinlets with magnetite, pyrite, and chalcopyrite.
Equinox Gold Breaks Ground For Greenstone Mine, Targets First Gold Pour In H1 2024
Equinox Gold Corp. (TSX: EQX) announced today the groundbreaking for the construction of the Greenstone gold mine in Ontario. The
The post Equinox Gold…
( ) announced today the groundbreaking for the construction of the Greenstone gold mine in Ontario. The mine is being developed in a 60-40 partnership with Orion Mine Finance Group.
The initial capital cost is expected to be $1.23 billion, including $50 million spent to date and a $177 million contingency budget. It is estimated that 10% of the construction will happen for the rest of 2021, 40% in 2022, 35% in 2023, and the remaining 15% in 2024. The mining firm plans to finance its attributable portion of the capital expenditure through its existing treasury worth $330 million as of June 2021, cash flow from its producing mines, and a $400 million revolving credit facility.
Greenstone mine is reported to have an initial mine life of 14 years and total gold production of 5.05 million ounces. For the first five years, the average annual production is estimated to be 400,000 gold ounces, then it becomes 360,000 gold ounces annually for the rest of the mine’s life.
The mining is expected to start in Q4 2022 and the first gold pour is targeted in H1 2024.
Equinox Gold last traded at $9.86 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The post Equinox Gold Breaks Ground For Greenstone Mine, Targets First Gold Pour In H1 2024 appeared first on the deep dive.
Top Uranium Stocks To Watch Before November
Before November begins, which uranium stocks will you watch? When it comes…
The post Top Uranium Stocks To Watch Before November appeared first on Gold…
Before November begins, which uranium stocks will you watch?
When it comes to mining companies, uranium stocks are sometimes disregarded by investors. Many investors are unaware that uranium is a massive industry with activities all over the world. COVID-19 has also had an impact on the uranium stock market. COVID led Uranium stocks to reach levels not seen since the Fukushima Daiichi nuclear disaster in Japan in 2011.
Some feel that Reddit is responsible for some of the uranium hysteria. Retail investors have become extremely influential in the stock market in the last year, as you may have seen. In February, a subreddit called r/UraniumSqueeze was launched for uranium retail investors. So far, the subreddit has amassed over 18,200 members.
But how can you know which uranium stocks are the best to buy? Perhaps you’ve discovered a uranium firm in which you’d want to invest, but you’re unfamiliar with the market. The best things to keep up with are company-specific news, global news, and industry news. A uranium shortage, for example, might cause a price increase. For the time being, let’s look at three uranium stocks that are doing well in the market.
Top Uranium Stocks To Watch
obtains, recovers, explores for, and sells uranium. Among other things, it owns and operates the Nichols Ranch project. It also has uranium property holdings and projects for exploration, permitting, and evaluation. The majority of its holdings are in Utah, Wyoming, Arizona, Colorado, and New Mexico.
The corporation began the earnings season at the end of July, releasing its second-quarter results. As of the conclusion of the quarter, the firm had $98.8 million in working capital. The current inventory of Energy Fuels is worth $39.1 million.
Mark S. Chalmers, the President and CEO of Energy Fuels said, “Energy Fuels achieved another significant milestone in restoring U.S. rare earth supply chains when we recently announced the successful production of rare earth carbonate from U.S.-sourced natural monazite sand at our White Mesa Mill.” Based on this new info, will UUUU stock be on your watchlist in November?
uranium stock that is primarily engaged in the production and sale of uranium. The company’s two divisions are uranium and fuel services. The uranium division of Cameco mines, grinds, and buys and sells uranium concentrate. Its primary uranium asset is the Cigar Lake deposit in Canada. Its fuel services division refines, converts, and fabricates uranium concrete, as well as buys and sells conversion services.is a
The corporation released its second-quarter results for the year on July 28th. Revenue, gross profit (loss), and cash supplied by operations all decreased year over year. At the time, the corporation is still working to recover from the pandemic’s consequences.
CEO of Cameco, Tom Gitzel said, “We are taking the steps we believe are necessary, including investing in digital and automation technologies, to support the restart of our tier-one assets to create a more flexible asset base that will allow us to align our production decisions with our contract portfolio commitments and opportunities, allow us to eliminate the care and maintenance costs incurred while our tier-one production is suspended, and to benefit from the very favorable life-of-mine economics our tier-one assets provide.” Now that you know the latest about CCJ, will it make your uranium stock watchlist right now?
mining stock that we have frequently discussed on our blog owing to its market velocity. The company’s stock price has risen dramatically during October. This is a uranium exploration firm established in Canada. Denison is involved in the development of several uranium projects throughout the country, notably the Wheeler River project, of which it owns 95 percent of.is a
The company announced the sale of Goviex shares and warrants for up to $41.6 million on October 21st. The business agreed to sell 32,500,000 common shares ofin a private transaction. Denison was holding these shares for investment purposes at the time. The corporation will get $15,600,000 in gross revenues and will retain 32,644,000 shares. Denison will get an additional $26 million in gross profits if the warrants are fully exercised.
This deal is expected to be completed by the end of October 2021. Denison has announced that the net proceeds of the deal will be used for general corporate purposes. It will be fascinating to see how this transaction plays out and how it affects the DNN stock price. With all of this in mind, will DNN be on your list of uranium stocks to keep an eye on?
Best Uranium Stocks To Buy?
Finding the best uranium stocks to buy can be a difficult process. That is why staying up to date on the newest market developments can be quite beneficial. In the case of most mining stocks, sector news is critical to the investment process. So, which uranium stocks will be on your radar in November 2021?
The post Top Uranium Stocks To Watch Before November appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.
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