NGCG Projects $6M Annual EBITDA from New Gold-Mining Acquisition
NGCG sits 75% above its 52-week low of $0 on light trading volume (0.3× avg).
Summary
New Generation Consumer Group (NGCG) announced a premium international gold-mining acquisition, projecting $500,000 in net monthly income, which translates to an estimated $6 million in annualized EBITDA. This acquisition is highly significant for NGCG, given its current market capitalization, and represents a substantial expansion into the natural resources sector. The move aims to provide a stable, asset-backed earnings foundation and follows the company's recent LOI to acquire an operating business and the closing of its Regulation A offering.
At the time of this announcement, NGCG was trading at $0.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $131.4K. The 52-week trading range was $0.00 to $0.02. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.