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Thursday, August 27, 2015 8:59:37 PM
Even though the penny stock market is renowned for its volatility, it can still be predictable, especially when it comes to news about positive lab results for gold and platinum as is the case with ICBS LTD (PINK:ICBT) and partner Canwealth Minerals Corporation.
Yesterday, ICBT stock literally went through the roof for the second time in three months. Not only did it double its value by going up 114$, but also it shifted a staggering 148 million shares, thus registering both a second best score for the last 52 weeks and a 15-fold improvement over the average daily trading volume.
At the root of yesterday's memorable performance lies a bombastic press release. As it is, assay samples taken from the so called Lake View project, which consists of 64 claim cells stretching across 8.9 thousand acres, have recently undergone lab tests for gold, platinum and other precious metals. Luckily for the two partner enterprises, the results have just been announced as positive. As a consequence, Lake View will definitely be considered a top priority when the core sample drilling commences this August.
A fleeting glimpse at this year's ICBT press releases shows that it is not the first time the company has hit positive for precious metals. In fact, a similar PR surfaced on May 4, triggering a massive 300% price surge and setting a twelve-month record. What happened subsequently with ICBT stock is known to each and every penny stock trader.
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