Feb 22, 2021 Ankit Singhania

RichTV’s Super Hyper Growth Stock Explodes: Copperbank Resources

Investors are almost always on the lookout for growth stocks these days and this is an important thing to consider due to the sort of returns those stocks can generate over the long term. However, in this regard, it is also necessary to keep in mind that investors need to have access to reliable information if they are to unearth a growth stock worth tracking.

Key Things to Watch

Hence, it may be a good idea to check out a video released on the YouTube channel RichTV Live this past weekend. In that video, the analyst looked into the Copperbank Resources (CSE:CBK) (OTCMKTS:CPPKF) (FRA:9CM) stock after it recently rallied strongly on the back of key developments. More importantly, the analyst classified the stock as a growth stock, and hence, it might be a good idea for investors to possibly take a closer look at the company.

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On the other hand, the Chief Executive Officer of the company Gianni Kovacevic joined the discussion and shared his thoughts about the company’s prospects. One of the biggest reasons behind the rally in the stock last week was due to a key announcement from the company. The company announced that it completed a non-brokered private placement of its stock and managed to raise as much as $1,257,325 through the transaction.

In total, the company offered 3,592,358 shares in Copperbank stock in the placement for the price of $0.35 each. Additionally, it is also critical for investors to know that as much as 50% of the offering was snapped up by company insiders. Copperbank did not have to pay the finder’s fee for the private placement either.

The company wishes to use the proceeds from the placement to take care of the portfolio of properties under its control and also use it for general working capital purposes. Hence, it is no surprise that the latest development led to significant optimism among investors.

The company’s CEO seemed highly bullish about the prospects of Copperbank. He stated that the price of copper is on the verge of hitting its ‘old all-time high’. If that is indeed the case then it can only be a good thing for the Copperbank stock and it is likely that investors are going to watch the growth stock closely over the coming days.

Featured image: Pixabay

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