The Trinity Silver Project has reaped outstanding dividends for Liberty Silver (OTC: LBSV), a silver mining and exploration company. As per esteemed investment advisor James West, who is also the founder of Midas Letter, the Trinity Silver Project and a few other interests of Liberty Silver have been very successful, and this has resulted in a doubling of value for the company. It has also managed to trade over 20 million of its shares in the over the counter markets in the month of September 2012.
Trinity Silver and Analysis of Liberty’s Progress
The Trinity Silver Project is based out of Lovelock, Nevada. It is located next to many major gold and silver-producing mines like the Rochester Silver Mine, which is one of the largest silver mines in the United States. The project has been doing better than expected, and the resultant dividends are doing a world of good for Liberty Silver.
As per West’s analysis, the company has “traded over 20 million shares and doubled in value”. Of course, part of these earnings are attributed to the fact that the precious metal silver, itself, has been doing very well in the market and has increased in value by over a stunning 35% since the middle of summer. Analysts and traders hope that the price of silver will touch about $110 per ounce. For the company, this will mean more profits. West summarizes this when he says, “If Liberty Silver shares continue to trade at such a high beta to the silver futures price, the premium being awarded Liberty Silver could be substantial.”
About Liberty Silver
The Trinity Silver Project is not the only project that Liberty Silver is developing and exploring. However, spread over 10,600 acres, it is clearly one of the largest projects that the company is currently involved in. An advanced stage junior silver mining and exploration company, Liberty Silver has much to look forward to if analysts like West are to be believed. As of right now, the company is focused on exploration and development of mineral properties located in Northern America.
Liberty Silver has become one of the most actively traded penny stocks in the OTC market as of today. Having opened at $1.44 per share, the share prices have gone up by 9.3%, or $0.11 per share, to reach $1.55 per share. While the average volume of the shares traded over three months is 451,473, the company traded a much higher volume, 662,019 shares, today.
Other penny stock companies making it to the list of the most actively traded stocks in the OTC market are Santo Mining (OTC: SANP), a mining and exploration company that is currently trading at $1.48 per share, and TagLikeMe (OTC: TAGG), a social media sharing and tagging platform that is the most highly ranked penny stock trading on the most active list of the OTC markets.
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