Suburban Minerals Corp. SUBB
We’ve got a new interest to go over with you this morning, and the potential for rapid gains has us pretty excited. SUBB is a busy development-stage mining company that is on the straight-and-narrow when it comes to executing their ambitious plans. While we do note the highly-speculative nature of this particular play, the potential rewards are too sizable to ignore.
SUBB has been in the process of acquiring mineral rights to a Central African Republic diamond concession that, if successful, would catapult this fledgling company to “producing” status relatively quickly. Following updates on the status of that project, we also learned that the company is in the process of choosing an investment bank to facilitate the associated financial requirements of the deal.
“We are coming to the conclusion of the diamond concession acquisition and it is important to have all the elements in place and hit the ground running,” said President/CEO Tim Sperling
SUBB only recently woke up and began trading at the beginning of 2014, and the rapid swings made by the stock since then show an extremely volatile stock.
It is that volatility that we find desirable. In our endless pursuit of the next winning trade, we constantly run across stocks of this nature, which, when properly timed, can afford traders premium chances at quick-strike profits.
Just look at the recent history of the SUBB chart for example. In the roughly two months that the stock has been trading regularly, it has swung from the low-to-mid-teens into the mid-to-upper-.20’s no less than four times, and we are luckily coming across it on the heels of the most recent consolidation. It has just begun to pick up once again, so we want to keep a close eye on SUBB, putting it on intensive watch to continue that momentum into another sustained run.
SUBB reached a bottom just above .15 on Monday, and yesterday, achieved higher lows and higher highs. We are looking for higher lows and higher highs again today to confirm that we’re in the midst of the next uptrend. Ideally, we’d like to see SUBB break through the recent resistance point at .19, and for support to hold above .165. If the stock were to test its previous swing high at .24, it would mean an increase of 40% or more from current levels, so we’ll be keeping SUBB on our radar due to its potential for rapid short-term gains.
VIDEO CHART:
RECENT PRESS LINKS:
- Suburban Minerals in the Process of Selecting an Investment Bank (Tue, Feb 25)
- Suburban Minerals Publishes New Website and Social Media Pages (Thu, Feb 13)
- Suburban Minerals Files Supplemental Information on the Acquisition Agreement of the Diamond Concession (Tue, Feb 11)
More Information:
www.suburban-minerals.com