The newest penny stock in the rare earth elements industry, Great American Energy, Inc (OTC: SRBL), IPO’d on Tuesday and made a huge impact on the OTC. Traders got a chance to get their hands on SRBL stock for the first time with a little more than $400,000 worth of volume recorded at the end of its first day. With what looks to be like the next big $1 plus runner to eventually land on the top penny stocks traded list in March at some point, its a “live-or-die race against” getting shares cheap enough before the rest of the market finds out about it.
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SRBL Stock Quote
Market Cap: 97.72M
Last: 1.10 ▲ 0.08 (7.84%)
Dollar Volume: $364,580
1st Resistance Point: 1.25
2nd Resistance Point: 1.40
1st Support Level: 1.00
2nd Support Level: 0.90
Issued and Outstanding: 88,833,334
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FACT: Rare Earth Elements (REEs) are absolutely essential for the manufacture of missile guidance systems… satellites… smart bombs… drones… surveillance equipment and a host of other defense weapons. Without access to Rare Earth Elements, America’s defense and electronics industries would wither and die.
FACT: China currently has a 95% monopoly on the world’s production of REEs.
FACT: China has announced it intends to severely reduce or even cut off exports of all REEs.
FACT: Great American Energy Inc. is estimated to be sitting on $14.325 billion worth of recoverable REEs.
That’s a pretty bold way to describe why SRBL was so hot to trot on its first trading session of the week and why it should be “top listed” on the penny stocks to watch list. This could be the next $2 plus runner.
REEs are to the electronics industry as crude oil was to the age of the internal combustion engine. This is probably why Great American energy effectuated a 79-for-1 stock dividend in 2011 as they planned on moving into the industry. The plan seems to be working since they have entered into two options for properties worth what could be billions of minerals to be mined.
On June 7, 2012, the Company entered into a Mineral Property Option Agreement with David A. Wallach for the exclusive right to acquire an undivided 60% interest in 10 mining claims consisting of approximately 2,958 hectares of property located near Trail, British Columbia.
One week later, the Company entered into the Mineral Property Option Agreement with GeoXplor Corporation for the exclusive right to acquire a 100% interest in and to 48 unpatented mining claims comprising approximately 7,680 acres of property located in and around Esmeralda County, Nevada.
Granted they need to raise the capital needed to mine or sub-contract the mining of the properties, the Company announced Tuesday plans to begin its exploration program on the Bear Creek Rare Earth Property in British Columbia (BC), Canada, by March 2013. With aggressive plans to get into the dirt and start digging around, traders who are smart are in SRBL and looking for a nice start to spring with this possible triple digit percentage winner.
About SRBL Stock
Great American Energy, Inc., fka Southern Bella, Inc., has been working on transitioning its operations to focus on the mineral exploration and development industry.
Last 5 Trading Sessions:
Bottom Line: SRBL is fresh and clean and worth more than just a look when it comes to choosing the best penny stocks headed into March. GNIN and ECAU had their runs and proced gains of well over 300% from when we alerted on them. SRBL looks poised to join that list as one of the hot $1 plus penny stocks.
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Notice of Compensation
Please be advised that this website sometimes receives compensation to perform promotional and advertising services for companies mentioned on our website, social media platforms, & our emails by third parties. AimHighProfits.com has been compensated twenty thousand dollars for investor communication services on Grest American Energy Inc., SRBL, by a third party, Winning Media, Inc.