The penny stock of Grizzly Discoveries Inc. (OTCQX: GZDIF) is a triple exchange listed power play with triple the minerals to match: Potash, Diamonds and Gold. GZDIF should be on the list of penny stocks to watch Thursday because this Grizzly Bear of a Company is going to run with the Bulls on Thursday. GZDIF stock is currently priced at $0.2655, -66.81% below its 52 week high of $0.80, with a Market Cap of just 9.45M.
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Potash is not something many investors are familiar with even though it is a big money industry. Potash is a naturally occurring ore that has many global uses, most commonly known for its powdery salt used primarily in fertilizers. A couple of years ago, potash miner and producer Potash Corp. (NYSE: POT) received a $38 billion cash buyout by mega-miner BHP Billiton Ltd. (NYSE: BHP).
Currently, 11 mines in Saskatchewan produce the majority of Canada’s 35% contribution to the global production of potash annually. But that’s not all Grizzly Discoveries produces; they also explore for diamonds in Alberta and gold coupled with base metal deposits in British Columbia. The Company currently has four precious-base metal properties in British Columbia totaling over 235,000 acres and holds more than 600,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
About GZDIF Stock
Yesterday, Grizzly Discoveries implemented a number of initiatives to help investors better understand Grizzly’s growth strategy and resource by launching a revamped website catered to investors needs. GZDIF reinforced their focus on their potash and gold exploration activities and streamlined parts of their website to provide more timely and relevant information for investors.
Listed since 2005, Grizzly Discoveries is a Canadian exploration company focused on: exploring for potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.34 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
To view more material on GZDIF, click here for a list of links. Click here for updated stock quote for GZDIF.
Bottom Line: This penny stock is no joke of an alert. They have the best balance sheets and income statements for a junior mining company. Highlights from their most recent financials include Diamond, Potash and Precious Metals properties valued at over $16 Million. Don’t confuse GZDIF with those other mining deals either because they also reported cash, liquid assets, of over $2.4 Million. Oh yeah, they also make money.
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