The newest old mineral play is back on the top of the list of penny stocks for traders and it’s already getting a ton of action this month: National Graphite Corp. (OTC:NGRC). After a silent launch late last week which sent the share price howling through the 50’s, yesterday’s speculation that we spoke about in the VIP room came to life today as NGRC stock has been confirmed as the new pick. By whom do you ask is it that’s calling this? Well, if you can’t Hack the Stock Market, then you probably missed out on the nearly 300% gains TFER offered after it had its second run a few months ago.
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NGRC Stock Chart
Market Cap: 62.06M
Last: 0.8201, up 0.1001 (13.90%)
Dollar Volume: $1,378,440
Average Trade Size: 3,063
Issued and Outstanding: 75,669,881
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A few months ago, this “Nasty” trader pointed out something he caught while doing a search on Yahoo which happened to be a pay per click ad for National Graphite Corp. Since he is always spot on and probably the best trader I know, we had NGRC on the watchlist looking for that moment in time when they finally broke out of their shell. Wouldn’t you know, it took a hacker to get NGRC stock out into the public eye this time. With its legs just now getting stretched out, those who bought shares from the Company at 0.60 each will begin to see some breathing room.
Actually, for a Company that had little to no operating activity as of September 30, 2012, they were bright enough to, on October 17, 2012, enter into a Share Issuance Agreement with an unrelated third party entity whereby the third party agreed to provide a financing line of no greater than $2,500,000, from which the Company can receive advances of no more than $250,000 per advance. The deal allows for the third party financier, hopefully not Asher Enterprises, to receive shares of NGRC stock from the Company based upon a 10% discount to the average of the closing trading prices of the 5 day period immediately prior to issuance.
With money in hand and plenty of shares to go around, especially since an officer of the Company agreed to cancel 8,000,000 shares of NGRC stock held by he/she as part of the financing deal, work has commenced according to PR issued. Last week at the kick off of the share price leap, the Company announced that the Samples from their Chedic Graphite Mine production pit yielded a 25% to 40% grade with the potential to yield over 1,000,000 tons of graphite. The Company’s contracted Independent Geologist, John Rud, reported that “…the Geophysical Survey recently completed on the Company’s Chedic Graphite property showed indications in excess of an indicated depth of 1500 feet with widths ranging from 50 to 150 feet. These numbers do not include the newly discovered anomaly currently under an in-depth evaluation.” Translation: Moon rocks and purple rainbows cover the lands which water refuses to pool at.
About NGRC Stock
Click here to view the SEC filings for NGRC.
Last 5 Trading Sessions:
Bottom Line: NGRC is a reuired penny stock to watch and a force to be reckoned with in these coming months. Based on the success TFER stock had in its 2nd running, gaining 289% from when we called it, expectations are high on NGRC stock, especially after it breaks that $1 psychological barrier.
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