Penny Stock Alert: Buy Rating on Applied Minerals (AMNL)

One of Wall Street’s top analysts firms reached down into the depths of the exchanges past the NYSE, past the NASDAQ, past the AMEX and into the OTCBB to find the world’s number one source of Halloysite Clay and its technology related solutions. Rarely do penny stocks get coverage by big investment firms, let alone those on the OTCBB, so when Roth Capital Partners, invited this penny stock, Applied Minerals, Inc. (OTC: AMNL), to present at the ROTH Capital Partners 24th Annual Growth Stock Conference, it commanded attention.

Applied Minerals, Inc. (OTC: AMNL), marketing their products under the Dragonite™ tradename, is now covered by analysts at Roth Capital. Roth Capital set a “buy” rating on AMNL.

The fully owned 230 acres by AMNL in Utah, the Dragon Mine, is the only known mine in the Western Hemisphere large enough for commercial production of Halloysite Clay. Halloysite is a 1:1 aluminosilicate clay mineral which is comprised of aluminium (20.90%), silicon (21.76%) and hydrogen (1.56%). AMNL products are marketed under the DRAGONITE brand name and far too large to list.

AMNL Checklist:

Stock Price History
Beta: 1.12
52-Week Change: 83.75%
S&P500 52-Week Change: 0.21%
52-Week High (Aug 1, 2011): 2.14
52-Week Low (Mar 29, 2011): 0.65
50-Day Moving Average: 1.37
200-Day Moving Average: 1.46
Share Statistics
Avg Vol (3 month): 73,855
Avg Vol (10 day): 89,963
Shares Outstanding: 79.07M
Float: 44.27M

AMNL YTD Stock Chart:

Key Factors To Consider:

December 22, 2011, AMNL sold to two funds managed by Samlyn Capital, LLC totaling 10 million units for total gross proceeds of $10 million in cash. Each unit is comprised of:

  • one share of AMNL common stock
  • one 5-year warrant to purchase 0.5 shares of AMNL common stock at an equivalent price of $2.00 per share

33% of AMNL Shares Held by Insiders and 5% Owners
4% of AMNL Shares Held by Institutional & Mutual Fund Owners (4 Total)
6% of AMNL Float Held by Institutional & Mutual Fund Owners

On top of serving the traditional halloysite markets for use in technical ceramics and catalytic applications, AMNL has  developed niche applications that benefit from the tubular morphology of its halloysite. Not limited to, these applications include carriers of active ingredients in paints, coatings and building materials, environmental remediation, agricultural applications and high-performance additives & fillers for plastic composites.

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