If you think being a sexy Asian chick is hard, try being a master at penny stock picks as well. In the last two weeks since issuing the alert on Punchline Resources (PUNL), the share price has increased 41% setting new 52 week high’s daily. PUNL stock topped out at 1.36 today on it’s largest dollar volume session to date and is going to surge Monday after signing a Mineral Lease Agreement for the exploration and development of the Empress Property in Nevada.
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PUNL Stock Chart
Market Cap: 67.00M
Close: 1.34, up 0.03 (2.29%)
Dollar Volume: $687,322
Average Trade Size: 4,896
Authorized: 75 Million
Issued and Outstanding: 50 Million
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Picking PUNL at 0.96, knowing its going to be one of the best penny stocks this September wasn’t that hard when you know what to look for. It’s perfect timing because we have a new alert which is almost ready to be issued which we will be supporting for much longer than your typical newsletter services do.
The Punchline news hit right after the closing bell. The Empress Property consists of a total of 9 unpatented mining claims 26 miles south of Goldfield in the Tokop mining district. The historic Empress Mine is located on the property consisting of seven 7 horizontal adits, the remnants of a processing mill, and several stone foundations from the 1860’s when when Silver Peak was likely first discovered.
The Wonder Mine, located 2,000 feet southwest of the Empress Mine, was developed in the 1930’s as judged by artifacts, and probably direct shipped its ore to a mill elsewhere. The only known drilling of the property consists of 3 RC holes above the Wonder adit, drilled in the 1980’s by Homestake Mining. No data is available from the 3 RC holes, however, the Gold Point district, located immediately to the north, produced gold and silver valued at approximately $500 million in 2010.
About PUNL Stock
Punchline Resources Ltd. is an emerging mineral resources company focused on both domestic and international exploration and development projects. The Company feels that sufficient sampling has been completed to indicate two high-grade gold/silver vein targets at the Empress Project which they intend to continue exploration to better define the size and grade of the gold mineralization systems and develop the project to its full potential.
Bottom Line: We look at this penny stock very similar to that of Independence Energy (IDNG) where as a healthy incline and an eventual stock split are forthcoming. Play PUNL to your strengths and eliminate the risks.
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