Labrador Iron Mines Holdings Ltd., (PINK:LBRMF) Is A Mining Penny Stock
That Gained As Much As 900% Mid-Day Today From $.02 To $.20!
Labrador Iron Mines Holdings Ltd., (PINK:LBRMF) has quickly established itself as the most recent example of a sector wide run coming to penny stocks operating within the mineral exploration and mining industries. Today the company established itself as one of the most powerfully traded penny stocks on the OTC with a close up 395% from a prior close at $.02 last Friday, to a close at $.099 today. Even more impressive, is the fact that LBRMF saw a high of $.20 which put it at a total gain of 900% at that high point of the day!
As per the Investorshub profile of LBRMF “Labrador Iron Mines Holdings Limited (“LIMH”), through its majority owned subsidiaries Labrador Iron Mines Limited (“LIM”) and Schefferville Mines Inc. (“SMI”), is engaged in the exploration and development of iron ore projects in the central part of the Labrador Trough region, one of the major iron ore producing regions in the world, situated in the Menihek area in the Province of Newfoundland and Labrador and in the Province of Quebec, centered near the town of Schefferville, Quebec.” The company is not actively involved in mining its property but seeks to do so actively when economic positions permit and they have secured strong partnerships.
Naturally there will likely be a downturn on this one due to the sharp parabolic rise that it has seen but it will be interesting to see how it fares after it has seen significant consolidation. There is little known about this company due to it being listed as dark/defunct on OTC markets due to not making key filing information readily available. We suggest operating with significant caution on this one and due to the risks involved we are not releasing it and have not previously released it as one of our own penny stock picks.
While we will not and have not release LBRMF as one of our own, our Platinum Members have been seeing incredible success with our other mining related penny stock picks. A great example of our prior mining picks is Atacama Resources International, Inc., (PINK:ACRL) which saw a low of $.001 two weeks after we released it to our Platinum Members and then surged to $.0215 for a gain of 2,049% for them after that low! Remember to Become a Platinum Member if you wish to receive early bird announcements on our newest picks before they have been released to the public. Also be sure to review our other mining penny stock picks, to get an idea of others that you should be looking into for growth potential.
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