New Opportunity: JNC Resources (OTC: JNCCF, CSE: JNC)
Last week was dominated by the tech stock sector with stocks like Snap (NYSE:SNAP), Socket Mobile (NASDAQ:SCKT) Zedge (NYSEAMERICAN:ZDGE) and Socket Mobile Inc. (NASDAQ:SCKT) posting record gains. Socket Mobile Inc. (NASDAQ:SCKT) more than quadrupled its YoY net income in Q3 2020. This led to the company’s stock surging 108% on Friday, with trading volume ballooning to 5.8 million shares. Net revenue increased in Q3 2020 to $424,000* or $0.07* per share from $94,000 in Q3 2019 and a net loss of $768,000 in Q2 2019. However, revenue was $4.1 million in the quart, which is a 17%YoY drop but an increase of 51% QoQ. Zedge Inc. (NYSEAMERICAN:ZDGE) also released its Q4 and FY2020 results for the period ended July 2020. The company had a strong fourth quarter in which its revenue jumped 39.2% to around $2.7 million while paid subscriptions also grew 378% to $0.6 million.
The mobile publishing and content provider grew its paid subscribers by 277% compared to Q3 when it grew 26.3%. For the full-year 2020, Zedge posted revenue of $9.5 million, which was a 7.4% YoY increase. Paid subscription revenue grew 932% to $1.6 million, while net loss was $0.6 million. Snap Inc. (NYSE:SNAP) also had a blowout quarter, and its shares jumped after its Q3 results showed strength in advertising after a year ravaged by the pandemic. The company saw positive momentum in the ad market, with its ad revenue growing 52% YoY. The company’s chief Business Officer Jeremi Gorman said that there were signs of recovery from brand advertisers and continued strength from direct response advertisers.
While all these gains may be COVID-19 dependent, the Gold Renaissance which is setting new highs and needs immediate attention. One has to look no further than the uncertainty and volatility across the entire spectrum of markets, financial and otherwise. So far in 2020, the world’s strongest economies have been crippled, forcing policymakers and central bankers to increase fiscal stimulus packages to stabilize a very nervous global economy to the tune of TRILLIONS OF US DOLLARS! Some analysts think gold has plenty of room to run. Goldman Sachs raised its 12-month price target for the popular hedge on July 28 to $2,300 per ounce, expecting gold to reach a record high amid lasting virus damage. With interest rates set to remain close to zero for years to come and the US dollar facing significant pressure, the metal’s rally shows no signs of stopping.
One junior gold mine that needs immediate attention is JNC Resources Inc. (OTCMKTS: JNCCF) (CSE: JNC), a North American based mining exploration company. The company’s vision is to develop under-explored properties and benefit from deal flow generated by its strategic partnership and growth opportunities. It’s high time you read the COMPLETE RESEARCH REPORT.
The important catalysts involved in this story are really about the listing in Canada under the ticker “JNC” on the Canadian Stock Exchange, the acquisition of the Imperial Property rights, and the move to access the US markets with a listing on the OTC, under the ticker “JNCCF”.
The company most recently announced that it has received approval from the Depository Trust Company to make its common shares eligible for settlement in the US under the ticker “JNCCF” on the OTC which will allow greater access to the US and Global investors.
According to the release, JNC Resources is now eligible for electronic clearing and settlement through DTC’s automated processes. DTC is a stock depository that facilitates and manages the electronic clearing and settlement of publicly-traded companies in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers while cutting costs and providing access to a wider network of brokerage firms, enabling the stock to be traded over a wider selection of firms by coming into compliance with their requirements.
“Obtaining DTC eligibility continues to demonstrate JNC’s’ commitment to increasing visibility and accessibility for all of our current and potential shareholders in the United States,” stated CEO, Michael Mulberry. “We anticipate that DTC’s platform will enhance liquidity and increase trading volume for JNC appealing to a broader range of investors in the United States.”
The JNCCF/JNC chart is interesting as well. The stock recently began trading on the Canadian Securities Exchange (CSE). With the completion of milestones, such as the controlling-interest of the Imperial Property, and further news listing onto the US OTC market, the company has expanded its audience, which has evidently led to an appreciation in its share price.
With the disarray of the global economy, the Feds unlimited printing of currency, investors will seek out alternatives for a safe haven, and there has been no better asset than gold. The smart money is shifting to the gold market, shouldn’t you?
Key Points:
- JNCCF/JNC Took over full rights to the impressive opportunity in Nevada known as the Imperial Property.
- JNCCF/JNC Fully permitted.
- JNCCF/JNC Ready for drilling.
- JNCCF/JNC Demonstrated by its share price has a supportive shareholder base that has a vision for long term success. Combined with a solid gold project suggests the stock could launch higher on any additional influx of interest.
- JNCCF/JNC Gold is lighting up the leader boards, and junior miners like this historically offer the most eye-popping returns in bullish gold markets with real staying power and substance, as we are currently witnessing.
- JNCCF/JNC Imperial Property is located in the USA – one of the hottest and friendliest jurisdictions for mining in the World
- JNCCF/JNC Property access is easily accessible which allows for easy exploration and development.
The Next Big Hot Stock in The Gold Sector!
Gold is the unequivocal leader, outpacing the majority of Global Indice’s so far this year and with the current global environment should continue to outpace all other sectors.
The bullish gold market is being fueled by forces that will likely maintain longevity, continue to define the near future and establish the landscape for quite some time to come. All these bullish factors have forced premium attention to undervalued junior mining companies that have incidentally lined up catalysts deserving of interest they are getting…
JNCCF/JNC fits this description in so many of the right ways: recently getting listed on the CSE; acquiring rights to a major claim in one of the hottest mining jurisdictions on the planet, and pushing its way into the US capital markets.
In other developments, Marin Software Inc. (NASDAQ:MRIN) won the Paid Search Technology award of the year for its new MarinOne Platform during the 2020 IK Biddable Media award. MarinOne is an advertising platform serving complex digital market needs built with simplicity and scale in mind. Junior Gold Miner Could Be on The Next Big Gold Discovery!
(Syndicated press content is neither written, edited or endorsed by ED Times)
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