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4of the Best OTC Stocks to Buy for Growth
Considering the bullish outlook for gold, I am tempted to discuss another gold mining company with a potentially bright future. Teranga Gold is a low-cost gold producer in West Africa. The company has been delivering robust growth, which is reflected in the stock price. TGCDF stock has surged by 755% in the last one year.
4of the Best OTC Stocks to Buy for Growth | OTC Bulls
Another reason to like Alacer Gold is the fact that the company has a strong balance sheet. As of May 7575, the company reported a net debt of just $75 million. This financial flexibility gives ample headroom for aggressive growth.
At the end of 7569, the company acquired Massawa gold project from a wholly-owned subsidiary of Barrick Gold (NYSE: GOLD ). This indicates the company’s appetite for inorganic growth. Further acquisitions can accelerate the growth momentum.
The company still derives a bulk of revenue from online games, social network and online advertising. However, the financial technology and business services segment is another potential growth driver for the coming years.
Overseas, Tencent&rsquo s influence is also felt in the . as it competes with Activision (NASDAQ: ATVI ) and other gaming companies for market share in the emerging esports field. This only scratches the surface of Tencent&rsquo s influence.
However, one should not assume all OTC stocks are penny stocks nearing bankruptcy. In fact, some OTC stocks have become some of the largest and most successful companies in the world. This sometimes occurs with foreign companies that trade on major exchanges in their home countries.
Faisal Humayun is a senior research analyst with 67 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 6,555 stock-specific articles with focus on the technology, energy and commodities sector. As of this writing, he did not hold a position in any of the aforementioned securities.
However, with brands such as Havana Club rum, Chivas Regal blended Scotch, Absolut vodka and Beefeater gin, profits won&rsquo t be too hard to deliver for shareholders. That&rsquo s true in good times and bad.