BRVO still in focus on Monday
Published: Sun, 02/23/20
 Subscribers, We introduced you to BRVO last week and while it showed some promise, it didn't quote live up to our expectations. But we still strongly believe there is plenty of upside to be had, and there could be a strong catalyst just around the corner. So while BRVO is trading at these low levels, it is time to take a very close look. Get BRVO on your screen right away! Shares of BRVO were trading as low as 18 cents at the beginning of February and a few days later hit 33 cents! The stock nearly doubled in about a week. This isn't the first time BRVO was capable of such moves. In January the stock soared from as low as $0.143 to as high as $0.30, seeing gains of over 100%! This also wasn't the first time the stock doubled last month. Shares were at $0.212 on 1/8 and on 1/9 they were as high as $0.4483. A move of about 111% overnight! According to Yahoo Finance, BRVO has a tiny float of just 2.64M shares. This is very small and may explain why the stock is able to perform so well in a short amount of time. Stocks with a tiny float are prone to seeing volatile swings in share price as these stocks have a limited amount of shares available to the public for trading. You never know when BRVO could be ready for another major breakout so put the stock high on your watch list!
BRVO had some huge news at the end of December last year, announcing a "Letter of Intent," where as the company acquires ELGL's subsidiary, ELEMENT GLOBAL MINING. The “Letter of Intent” provided for negotiations and due diligence, with an expected outcome of an acquisition of ELEMENT GLOBAL MINING. BRVO believes this acquisition should bring significant value to the Company and its shareholders. Element Global, Inc. is a publicly traded holding company with business interests in mining, renewable energy, technology, sports and media. The company's mission is to assemble a group of world class companies that complement each other with the ability to capitalize on both domestic and international opportunities in these sectors and beyond. As new energy and smart digital technologies converge globally, Element Global is positioned to be a leading holding company and positioned to deliver on the global demand in these markets. Advancing technology and strong global climate policies are driving a transition towards the electrification of energy services. Demand for renewable power will rise significantly in transportation, buildings and industry. Element Global Mining is a US-based, multi-commodity resource company founded by Element International Group and aims to capitalise on opportunities presented by growing demand to support the widespread use of renewable energy. The company has procured a world-class mining team with a proven track record in exploration, mine development, operations and downstream applications. It is led by senior mining executive and CEO, Gary Lewis and supported by an experienced technical team comprising world-renowned geologists, metallurgists and other mining professionals, several of whom have run publicly traded companies and made significant global mineral discoveries. The company's US assets include copper projects in Idaho and Montana and an advanced manganese-iron project in Minnesota, and the company continues to seek other minerals critical to the renewable energy sector. In addition to the US assets, the company has an initial contract with Clarinova Limited, a wholly owned subsidiary of Element Global to undertake an initial feasibility study, including a NI 43-101 resource estimate, on Clarinova’s European mining tailing assets. Keep your eyes peeled for any news developments from BRVO about this acquisition! The upside potential could be a beast if BRVO shares were to head back to those highs. For more information, visit: https://www.elementglobal.com/
With a tiny float, history of making big short term moves, and major acquisition news behind it, we think BRVO could be an excellent bet. All the best. SmallCapMomo.com picks@smallcapmomo.com --------------------------------------------------------------------------------------------------------
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