Irrespective of the personal preferences of investors, almost everyone likes to get hold of a penny stock that might someday generate significant returns. Hence, every day hundreds of thousands of investors are on the hunt for the next big thing from among penny stocks. If one is able to pick the right kind of penny stock then the rewards could be enormous in the long run.
Hence, the ‘secret penny stock’ series of videos that are published by RichTV Live are particularly popular among its subscribers. In a video earlier this week, the analyst at the channel analyzed the prospects of the drone technology company Global UAV Technologies Ltd (CSE: UAV) (OTC: YRLLF) (FSE: YAB2). The analyst seemed quite bullish about the company’s future and it might be a good idea for investors to take a look at what he had to say.
The analyst revealed that the company is not only listed in Canada but also in the United States and in Frankfurt. However, one of the most important things to point out in this regard is the fact that Global UAV is expanding its global footprint at a fairly impressive rate and that is something that could send the company on a remarkably accelerated path to higher growth. In this regard, it might be a good idea to take a look at one of the latest developments at Global UAV earlier this week.
The drone technology company announced on Monday that it signed an exclusive option by way of which it is going to be acquired by the company Dronelogics Systems Inc. Dronelogics is a subsidiary of Draganfly Inc. It is a significant development for Global UAV since if the transaction is eventually completed then the company is going to complete a major goal in its restructuring plans.
The company has a market cap of just over $5 million and hence, there is a lot of potential for upside in the long run. The RichTV analysts stated that he sees the market cap growing and touching the $10 million and $20 million marks in the long run. As a matter of fact, the stock has already rallied significantly this week already. Investors could consider keeping an eye on this stock.
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