41.8 F
New York
Friday, January 22, 2021

Aim Exploration Inc (OTCMKTS:AEXE) Emerges from Sub-Penny Levels

Must read

American Battery Metals Corp (OTCMKTS:ABML) Hitting Key Milestones

Over the course of the past week, American Battery Metals Corp (OTCMKTS:ABML) has been in focus among investors after the company announced...

American Green Inc (OTCMKTS:ERBB) Stock Gains Momentum on Amazon News

One of the more interesting operators in the cannabis space in 2020 is American Green Inc (OTCMKTS:ERBB), and this week, the company...

DSG Global Inc (OTCMKTS:DSGT) Hits Multi-Month High On Sudden Optimism

DSG Global Inc (OTCMKTS:DSGT) has been in the news over the past week or so after the company placed large orders through...

AppYea Inc (OTCMKTS:APYP) Stock Gains Momentum on High Volume

Over the past couple of weeks, many stocks in the over-the-counter market have recorded considerable gains and one of the notable ones...

Aim Exploration Inc (OTCMKTS:AEXE) is a micro-cap name that has grabbed hold of the attention of traders during the stock’s recent bounce. The move is ostensibly related to the company’s recent announcement that “the Company has studied and consulted with its advisors, clients, and the [Salaverry] port, and are pleased that the port is appropriate for year round loading and can provide year-round shipping of coal. This efficiency allows the Company to provide coal in a cost effective, and nimble on-demand manner.”

The chart shows 190% tacked on to share pricing for the stock in the past month, a bounce that has taken root amid largely bearish action over the larger time frame. However, AEXE has evidenced sudden upward volatility on many prior occasions. Moreover, the company has witnessed a pop in interest, as transaction volume levels have recently pushed greater than 930% above its longer-run average levels.

Aim Exploration Inc (OTCMKTS:AEXE) trumpets itself as an exploration stage company, engages in the acquisition and exploration of mineral properties.

The company owns interests in the Pabling, Alice, and Namalitocan mining claims covering an area of approximately 24 hectares; and in 648 hectares of land containing feldspar, silica quartz, limestone, etc. located at Brgys Caruan & Sulongan, Pasuquin, and Ilocos Norte, the Philippines. It also holds interests in coal concession properties located in the province of Otuzco, La Libertad region, Peru.

The company was founded in 2010 and is based in Henderson, Nevada.

According to press materials, “The Company is an Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors and advisory board. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (AEXE).”

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

As noted above, the company recently released a comprehensive report on its facility for shipping coal year round from the Salaverry port. We have been covering the coal market quite frequently of late. As the reader is no doubt aware, the coal space has been crushed in recent years because of a combination of three important drivers: environmental concerns, low demand for metallurgical coal, and cheap natural gas.

That trifecta of bearish factors has driven many coal companies into non-existence. However, the sudden and surprising political shift toward a republican alignment across all major branches of US government has dramatic consequences for the coal space.

Like it or not, the coming regime is going to remove environmental concerns from the equation completely. It is also very likely that an infrastructure and fiscal stimulus bill will be signed very early next year.

That’s good news for AEXE, particularly to the degree the company is able to process to market.

According to the company’s recent release, “AIM is positioned to ship 2 to 4 shiploads of anthracite coal per month, currently the spot price exceeds $250.00 MT.”

“Anthracite is necessary for steel and high-grade metal forging products. The prices currently range between $220 – $400USD per ton, and we have been monitoring the open-market prices, on sxcoal.com and alibaba.com, and they have been on the rise month over month. As the economy expands and with energy demands of G8 and emerging markets are unilaterally in line, we do not see this trend to plateau, rather it is continuing to put price pressure on un-replenishable energy resources,” says JR Todhunter, President and CEO of AIM.

At this time, carrying a capital value in the market of $8.4M, AEXE has very little cash on the books, which must be weighed relative to an appreciable load ($1.29M) of total accumulated debt. That’s a very poor balance sheet situation, and the company is pre-revenue, which is disconcerting. This is an extremely speculative play at this point. But it certainly has been working for those in from deep sub-penny levels in recent days. We will update the story again soon as developments transpire. For continuing coverage on shares of $AEXE 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

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attempts To Rebound On Bullish Note

While the remarkable rally in Bitcoin has led to breathless speculation about its long term price, the recent rally in Grayscale Ethereum...

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...