70.7 F
New York
Tuesday, October 20, 2020

New Colombia Resources Inc (OTCMKTS:NEWC) Making a Big Move

Must read

Gopher Protocol Inc (OTCMKTS:GOPH) Answers the Bears with a Blockchain Move

A stock that has been in a steep corrective wave, but still retaining “buzz potential” and a tight float is Gopher Protocol Inc (OTCMKTS:GOPH)....

CTT Pharmaceutical Holdings Inc (OTCMKTS: CTTH): The Next Bite for Aurora Cannabis Inc (OTCMKTS:ACBFF)

If you’re wondering where the next Aurora-Cannabis-is-buying-everything grenade was going to detonate, then look no further: it’s CTT Pharmaceutical Holdings Inc (OTCMKTS: CTTH). The company...

Breakout Watch for Gopher Protocol Inc (OTCMKTS:GOPH)

Gopher Protocol Inc (OTCMKTS:GOPH) has been working very hard to break higher in recent action, with shares pushing above its early March highs to...

INMED PHARMACEUTIC COM NPV (OTCMKTS:IMLFF) Progressing with Cannabinoid Glaucoma Treatment

INMED PHARMACEUTIC COM NPV (OTCMKTS:IMLFF) shares went from .25 cents per share to .70 cents in one short month. Then, shares fell back to...

New Colombia Resources Inc (OTCMKTS:NEWC) is a stock that’s been absolutely ripping since the company gave indications that it was a part of the highly speculative and extremely in-favor marijuana herd. Even more to the point, this met coal player also just announced on October 7 that their medical marijuana joint venture, Sannabis SAS, has identified a native cannabis sativa strain from Colombia with a natural high CBD content and no detectable THC. This pure extract has been working well for children with epilepsy and the Company expects similar successful results in the U.S.

We’ve witnessed just under 120% during the past month in terms of shareholder gains in the stock, a rally that has pushed up against longer standing distributive pressure in the stock. Market participants may want to pay attention to this stock. NEWC has a track record that includes a number of dramatic bounces. What’s more, the stock has benefited from a jump in recent trading volume to the tune of nearly 720% over the long run average.

New Colombia Resources Inc (OTCMKTS:NEWC) promulgates itself as a company that engages in the acquisition, exploration, and development of metallurgical coal properties in Colombia.

New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects.

The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession.

New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia.

Find out when $NEWC stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

The most recent piece of breaking news relevant to shareholders of NEWC stock is the announcement that “the U.S. listed Colombian resource company with premium metallurgical coal and medical marijuana assets, is pleased to announce they will be applying for an orphan drug designation with their collaboration partners, Advanced Imaging Projects, LLC (AiP) for regulatory agency approvals of a cannabinoid pharmaceutical product for multiple medical indications with a focus on treatment of a rare pediatric disease. Once the application is submitted the designation and/or comments are expected within 90 days.  The Company expects to file the application in the next 60 days.”

Before that announcement, the stage was set by the company’s press release covering their medical marijuana joint venture with Sannabis SAS and the identification of a native cannabis sativa strain from Colombia with a natural high CBD content and no detectable THC.

As noted above, this pure extract has been working well for children with epilepsy and the Company expects similar successful results in the U.S.

Medical marijuana products in the U.S. are projected to generate $35 Billion in revenue by 2020. New Colombia Resources and Sannabis are positioned to be a part of this exceptional growth and are making plans to legally export non-THC products to the U.S.; both companies have been gearing up to export products around the world. As a first mover in Colombia’s medical marijuana industry, Sannabis has been supplying children with epilepsy, cancer patients, fibromyalgia patients, and many others with legally produced medical marijuana products in Colombia since 2014 with exceptional results.

Company President John Campo received a letter from the Presidency of Colombia in reference to their “Medical Marijuana Project” requesting assistance from the Ministry of Health on their behalf. New Colombia Resources congratulates President Juan Manuel Santos for winning the 2016 Nobel Peace Prize, which was announced this morning. The Company is committed to bringing cannabis research to Colombia to create high-quality value added products generating industries, jobs, and profits that stay in Colombia. New Colombia Resources has a pipeline of medical marijuana and hemp projects that will be announced soon.

Now commanding a market cap of $2.2M, NEWC has virtually no cash on the books, alongside total assets a bit over $530K, which must be weighed relative to an appreciable load ($315.80k) of total accumulated debt. That’s not a great balance sheet situation. The company has no revenues, but really joined the marijuana space at the right time. While we would also note that recent powerful upside in the price of natural gas has helped light a fire under many coal producers, somehow we doubt it is the coal-based segment that is driving the gains of late. For continuing coverage on shares of $NEWC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Latest article

Is Now the Time to Invest in SITE Centers Corp. (NYSE:SITC)?

SITE Centers Corp. (SITC) shares are trading at lower $7.19 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock is Soaring, Here is Why

Anheuser-Busch InBev SA/NV (BUD) shares are trading at higher $55.53 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Manulife Financial Corporation (NYSE:MFC) is Holding Steady

Manulife Financial Corporation (MFC) shares are trading at lower $14.02 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Investor Confidence is Falling for Paychex Inc. (NASDAQ:PAYX)

Paychex Inc. (PAYX) shares are trading at lower $81.93 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Splunk Inc. (NASDAQ:SPLK) is Gaining Momentum on Earnings Catalyst

Splunk Inc. (SPLK) shares are trading at higher $207.21 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...