Insider Financial
Penny Stocks on the Move: BBRW MJLB MINE
While the past few days have been a sea of red for OTC investors, there have been a few runners. Three penny stocks on the move right now are BrewBilt MFG (OTCMKTS: BBRW), Ultrack Systems (OTCMKTS: MJLB), and Minerco (OTCMKTS: MINE).
In this article, we take a look at why these three penny stocks are running and what our outlook is for each.
HOW TO TRADE PENNY STOCKS
First up, it’s important to understand that trading penny stocks are not the same as trading blue chips. As we have stressed repeatedly to our subscribers, the key to trading penny stocks is finding momentum BEFORE it happens and then be patient.
We got our subscribers in early on TSNP, which you can read our latest here, ENZC, which you can read about here, and recently CBDD, which you can read here.
Now, when we say that we find momentum BEFORE it happens, we are swing traders looking to position our subscribers BEFORE the move happens. This is where the big money is made and why so many of our subscribers are sitting on gains of over 8900% in ENZC and over 22,400% in TSNP.
If you want to day trade, this is not the place for you. If you want to make a few hundred bucks and then lose a thousand dollars the next day, we hear Tim Sykes has plenty of openings.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
Penny Stock #1: OTCMKTS: BBRW
There are a number of things to like about BBRW. BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer, cannabis and hemp industries using “Best in Class” American-made components integrated with stainless steel processing vessels using only American made steel.
BBRW Daily Chart
California is where craft brewing began and now has over 900 operating breweries – being centrally located in this booming market was a large draw for BrewBilt to locate its manufacturing facility in the Sierra foothills.
Look at what the company is accomplishing. BBRW generated approximately $5M in new customer orders during the quarter ending June 30, 2020, with a sales target of $25M over the next 12 months, and opened new markets in Europe during QTR-III along with brewery and cannabis orders of an additional $2.5M.
In October, BBRW increased its share buyback from $1.5M to $5M. This is impressive when you consider the current market cap of BBRW is just $5.8 million.
In November, BBRW filed an 8-K today disclosing that it repurchased 70,025,000 common shares at a price of $.002 in value of $140,000. The shares have been returned to treasury. On November 13, 2020 the company filed its Form-10Q ending September 30, 2020 with approximately $1M in sales, up from $500,000 in 2019 for the same period; with more than $700,000 net profit up from $100,000 in 2019. The company is showing gains of 5X, while reducing liabilities in the amount of $100,000 compared to 2019.
