Source: Freedomz, Shutterstock
- While micro and small-cap companies come with their own set of risks, they often draw the attention of investors with their affordable stock prices.
- This ridesharing app stock recorded a significant growth of about 1,045 per cent in the past one year.
- This electric vehicle maker saw its stocks surge by about 2,355 per cent in the past year.
- A crypto-oriented company stock has expanded by over 691 per cent in the last 20 months.
While micro and small-cap companies come with their own set of risks, they often draw the attention of investors with their affordable stock prices. Some of these companies also make an appearance on trending charts with their heavy stock trading activities and price performances. Currently, the stocks of emerging Canadian companies Facedrive Inc (TSX:FD), GreenPower Motor Company Inc (TSX:GPV) Bitfarms Ltd (TSX:GPV) are trending high on the junior platform of Toronto Stock Exchange Venture (TSXV).
So, how have these three TSXV stocks been performing recently? Let’s find out.
Facedrive Inc (TSX:FD)
Current Stock Price: C$ 29.2
Canadian ridesharing app Facedrive Inc is currently trending high among top performing stocks as well as emerging micro and small tech companies on the TSXV.
The stock recorded a significant growth of about 1,045 per cent in the past one year. This year, Facedrive scrips grew about 80 per cent to date.
Facedrive currently posts a price-to-book (P/B) ratio of 162.2 and a debt-to-equity (D/E) ratio of 0.5, while its market cap stands at C$ 2.78 billion, as per TMX data.
Earlier this month, the Ontario-based ride provider announced that it has received the ‘co-sell ready’ status for its contact-tracing platform TraceSCAN on the Microsoft Partner Network. In other words, this status gives Facedrive TraceSCAN access to Microsoft’s customer and partner base around the globe.
©Kalkine Group 2021
GreenPower Motor Company Inc (TSX:GPV)
Current Stock Price: C$ 31.3
Like Facedrive, GreenPower Motor stocks are also cruising high on the TSXV’s top performers’ list, while also featuring among the top micro and small cap consumer goods companies.
GreenPower Motor, which manufactures and sells medium to heavy-duty electric vehicles, saw its stocks surge by about 2,355 per cent in the past year. The C$ 645-million market cap company holds a P/B ratio of 14.22, and D/E ratio of 0.03 and a price-to-cashflow (P/CF) ratio of 9.3, as per TMX data.
The Canadian EV maker recorded revenues of C$ 2.39 million in the third fiscal quarter of 2021. Its gross profit stood at about C$ 0.9 million for the latest quarter, which was about 37.9 per cent of the quarterly revenues.
©Kalkine Group 2021
Bitfarms Ltd (TSX:GPV)
Current Stock Price: C$ 6.33
Bitfarms Ltd operates a range of blockchain farms and provides computing-related services to various cryptocurrency networks. Its stocks, currently ranked high on the TSXV’s trending charts, debuted on the platform in July 2019.
Since its debut, the stock has expanded by over 691 per cent in the last 20 months. Bitfarms share grew about 1,409 per cent in the past one year and nearly 160 per cent in the last three months.
In February, Bitfarms generated about C$ 40 million in gross proceeds from a private placement offering with institutional investors in the US. The offering saw the sale of over 11.5 Bitfarms shares at a purchase price of C$ 3.46 apiece.
The crypto-oriented company is set to release its 2020 annual and last quarter results on Thursday, March 25.