OTC Coverage: Will LUNDIN MNG CORPORATION (LUNMF) Run Out of Steam Soon?

November 29, 2016 - By Dolores Ford

OTC Coverage: Will LUNDIN MNG CORPORATION (LUNMF) Run Out of Steam Soon?

The stock price of LUNDIN MNG CORPORATION (OTCMKTS:LUNMF) recorded $0.08 in recent trading, touching $5.18 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, LUNDIN MNG CORPORATION’s stock was -41.00%. According to the short interest report published recently, (LUNMF) had 4.07 million shorted shares for 106.6 days to cover. The prior short interest was 3.54 million for a $14.88 change. The 52-Week High and Low are noted here. -1.15% (High), 155.17%, (Low). The stock had 38,200 average volume.

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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

Disclaimer: The information contained on this website and from any communication related to this website is for information purposes only. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action.

Another recent and important Lundin Mining Corporation (USA) (OTCMKTS:LUNMF) news was published by Seekingalpha.com which published an article titled: “Will Lundin Mining Acquire Nevsun Resources?” on November 28, 2016.

Lundin Mining Corporation is a Canadian base metals mining firm with activities in Chile, Portugal, Sweden and the United States. The company has a market cap of $3.58 billion. The Firm holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland. It currently has negative earnings. The Company’s principal products and sources of sales are copper, nickel, zinc and lead concentrates.

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