Oh No!! Anaconda Mining Back To "Penny Stock" In spite the great reports on the Goldboro Project, including positive net present value and internal rate of return, looks like investors are punishing Anaconda Mining for no legitimate reason, pushing this stock back to "Penny Stock Status" as opposed to being a regular stock just yesterday.
To conform with the Law of Finance, companies should see their stock rise when a project generates great Net Present Value of Internal Rate of Return, ot plunge nearly 15 cents a share.
To put it in perspective, if you get a good report card, do you get rewarded? The answer is yes.
The same thing should apply with a company when they get great news, especially Anaconda Mining.
In other words, Anaconda Mining stock should be at least $1.50 a share today, perhaps even higher.