Double Crown Resources Shares Surge On Intermodal Transport System Update

Double Crown Resources Shares Surge On Intermodal Transport System Update

By: Dylan Sikes - AllPennyStocks.com News

Wednesday, October 12, 2016

The metals and mining sector has had a mixed year as commodities prices have fluctuated. The sector began the year on a disastrous note following a sell-off in commodities due to the slowdown in China. However, prices bounced back in March, leading to a sharp rebound in metals and mining stocks. While the sector has bounced back from its lows, it remains under pressure as the outlook for commodities such as iron ore and copper remains bearish. While the iron ore market is not expected to rebalance until at least 2020, the copper market is likely to turn to a deficit by 2018.


Despite the near term bearish outlook on the metals and mining sector, shares of Double Crown Resources Inc. (OTCPK:DDCC) are soaring in trading today. Based in Henderson, Nevada, Double Crown Resources is an exploration-stage company, focusing on building a portfolio of producing mineral properties through acquisition of properties that are in production or have the potential for near-term production. The company plans to participate in negotiations and discussions with joint venture parties regarding sourcing frac-sand, barite, guar gum and other industrial chemicals and establishing the infrastructure to deliver these materials to oil and gas drilling sites.

Double Crown Resources shares are moving higher after the company announced that filings have been made for a new Patent Cooperation Treaty (PCT) application on the interlocking, intermodal transport system called Translock² (Translock Squared). This is the seventh patent application for Translock² overall and the second PCT application made to date.

Allen E. Lopez, President at Double Crown Resources, said that management is currently in high level negotiations with some of the most important commodity shipping companies for multiple, large scale commercial projects using the Translock² system. Lopez said that the company’s announcements have highlighted, as recently as a month ago, that they have continued to upgrade and advance the Translock² system in order to accommodate different industries with multiple designs that are industry-specific. Lopez also informed that the latest application for another PCT filing was just completed and this application presents a revolutionary frame design that the Company believes will become the new standard for bulk commodity transport. He added that the new design has unique aspects that make it stronger but much lighter than conventional tubular framing, incorporating a truss and a balanced design, along with enhanced pick-up points, with a safety for the handling of bulk material.

At last check, DDCC shares were trading 17.86% higher at $0.00990 on volume of 12,500, which is below the daily average volume of 385,440. Even with today’s advance, shares have been in a stead but substantial down trend since May.

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