Cautionary Statement: Please take note of the risks at the end of the piece. $NPTLF is a penny stock that hosts excess risk.

We authored a piece on The Factor Investing Hub last month, which covered South African PGM miner, Northam. The company exited a takeover battle, and we had reason to believe a pivot in the company's growth strategy was in store. Although no results have been realized, shares were bought at a substantial premium (shortly after our report), sending the firm's U.S.-listed instruments up by napproximately 6000%; yes, that is 6000% and not a typo.

Source: The Factor Investing Hub (Evidence of our publication)

Below is the price movement recorded by Yahoo Finance.

Source: Yahoo Finance

The visual below shows our marketplace's emerging market tracking portfolio, in which we included Northam on AUG 30th.

Source: The Factor Investing Hub

1) Northam is a thinly traded penny stock and abrupt price movements is a salient feature , which could lead to substantial losses.

2) There is limited liquidity on its U.S. instruments. As such, unrealized gains might not be realized at your desired price.

3) Market manipulation among penny stocks is a frequent occurrence.

Thanks for reading.