What Caused Amur Minerals Corporation (AMMCF) To Jump By 38%? – Here Is The Reason

Having closed up 38.67 percent at $0.0340 on Tuesday, Amur Minerals Corporation (OTC: AMMCF) has been trading within a day range of $0.0260 and $0.0358. With over 521.04K shares exchanged during the month, shares of AMMCF soared over 19.72% last month. The stock drops over -32.00% in the past three months, with an average volume approaching 275.21K. The last 12-month gain of 35.46%, coupled with the highest price of $0.0540 in that period, gave the stock a current market cap of $6.82 million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

How the company operates?

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The company and its subsidiaries locate, evaluate, acquire, explore, and develop mineral exploration and development properties and projects in the Far East of Russia. Among the metals, the company explores for are nickel, copper, cobalt, platinum, palladium, gold, and silver. A substantial amount of the company’s assets are the Kun-Manie nickel copper sulfide project, which occupies a 36 square kilometer area in Amur Oblast. The company was founded in 2004, and it operates from Road Town, British Virgin Islands.

Read More

Recent Developments:

  • It was announced last week that the Company had amended and registered with state licensing agency Rosnedra its “Detailed Exploration and Mine Production Licence” (DEMP) for its Kun-Manie Project.
  • The Agency received certification for the modification to DEMP on 4 February 2021 which was effective 30 November 2020.

    Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

  • A separate announcement also from last week mentioned that Amur had received US$164,768 of interest payment from the Q4 2020 investment based on the US$ 4.67 million Convertible Loan Note (“CLN”) for the project of the Northern Territory, Australia Roper Bar Iron Ore Mine.

Related posts