5 Best Debt Free Penny Stocks To Buy Now

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Below we present the list of 5 Best Debt Free Penny Stocks To Buy Now. For our methodology and a more comprehensive list please see 10 Best Debt Free Penny Stocks To Buy Now.

5. International Tower Hill Mines Ltd. (NYSE:THM)

Number of Hedge Fund Shareholders: 5

Value of Hedge Funds’ THM Holdings: $35.6 million

Billionaire money manager John Paulson has been the leading shareholder of International Tower Hill Mines Ltd. (NYSE:THM) for more than a decade. Other long-time bulls of the company include Eric Sprott’s Sprott Asset Management and David Iben’s Kopernik Global Investors. Aside from those three funds, there’s been very little smart money interest in the stock in recent years.

International Tower Hill Mines Ltd. (NYSE:THM) is one of several debt-free mining companies to make this list. The Canadian company’s flagship asset is its full ownership stake in the Livengood Gold Project in Alaska, which has 20.5 million ounces of proven gold reserves and measured gold resources.

While the asset has strong potential, International Tower Hill Mines Ltd. (NYSE:THM) has been held back in developing it by the hefty CapEx requirements needed to get it off the ground and running, as well as the modest projected production volumes for the site that make it unfeasible at lower gold prices. With prices now above $2,070 an ounce, the project should be poised for forward momentum.

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