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Some investors, seasoned and rookie alike, prefer seeking out less expensive stocks when it comes to equity investment. While such stocks are often more prone to volatility, their low prices play an important role against the risk factor. For investors looking to explore and research such options, here are four TSX-listed stocks from across sectors that priced under C$ 10.
1. Ivanhoe Mines Ltd. (TSX:IVN)
Mineral company Ivanhoe Mines Ltd explores precious gems and minerals in Africa. With a stock price of C$ 8.95, Ivanhoe’s market cap stands at C$10.8 billion, as per TMX.
Ivanhoe stock climbed by over 76 per cent in the last six months, and its year-to-date (YTD) return is over 30 per cent.
In April 2021, Ivanhoe Mines Energy DRC signed an MoU with Democratic Republic of Congo’s state-owned power company, La Société Nationale d'Electricité. This is related to the upgradation of a major turbine on the Congo River.
1-year chart of Ivanhoe’s stock performance (Source: EODHD/Others/Thomson Reuters)
2. HEXO Corp (TSX:HEXO)
Cannabis company HEXO Corp currently holds a market cap of over C$ 992 million. Its stock has returned nearly 111 per cent over the last six months over 177 per cent in the past year.
In February, HEXO announced the acquisition of licensed cannabis cultivator Zenabis Global Inc (TSX:ZENA). The move is expected to help HEXO access the lucrative medical cannabis market in Europe since Zenabis has an established facility in EU.
HEXO reported a positive adjusted EBITDA in Q2 FY21, alongside a 94 per cent year-over-year (YoY) growth in net revenue.
3. WELL Health Technologies Corp (TSX:WELL)
WELL Health Technologies, which offers clinical and digital services in the healthcare sector, has a market cap of over C$ 1.2 billion, as per TMX.
WELL stock registered a whopping 248 per cent surge in its stock price over the past year. This week, the scrip has risen by over 10 per cent.
In April this year, the company acquired gastrointestinal diseases treatment company CRH Medical Corporation and healthcare-related software solutions provider Intrahealth Systems Limited.
WELL Health’s total revenue amounted to about C$ 50 million in 2020, up by about 53 per cent YoY.
4. Bombardier Inc (TSX:BBD.B)
Business aircraft manufacturer Bombardier Inc came into 2020 with a burden of debts when the pandemic hit. So to say the least, the Canadian firm had it tough last year, with thousands of job cuts, financial crisis, etc.
However, a series of cost control initiatives and asset sales seem to have helped the company over the past year. The C$ 1.95-billion market cap company saw its stocks grow by nearly 92 per cent this year and by about 192 per cent in the last six months.
The delivery of 50th Global 7500 aircraft in March 2021 can also be taken as a good sign for the company. Bombardier has set a target of 20 per cent adjusted EBITDA margin by 2025.
1-year chart of Bombardier’s stock performance (Source: EODHD/Others/Thomson Reuters)
The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.
