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Highlights
- Canadian investors often look for quality low-priced stocks that are likely to give significant returns to help weather economic shocks and market downturns in the long run.
- A Calgary, Alberta-based energy producer reduced its net debt in the latest quarter by 40 per cent.
- A Canadian energy stock expanded by nearly 987 per cent year-to-date (YTD).
Canadian investors often look for quality low-priced stocks that are likely to give significant returns to help weather economic shocks and market downturns in the long run.
With a new year knocking at our doors, let us look at some Canadian stocks priced under C$ 5 that can be worth your attention.
Image source:© 2021 Kalkine Media®
1. Joy Energy Inc (TSX:JOY)
Joy Energy Inc produced 7,709 barrels of oil equivalent per day in Q2 FY2021. 47 per cent of the total production was oil and natural gas liquids.
The Calgary, Alberta-based energy producer reduced its net debt by 40 per cent to C$ 75.7 million in the latest quarter, down from C$ 126.6 million in the second quarter of 2020.
Stocks of JOY expanded by nearly 987 per cent year-to-date (YTD). The energy stock closed at C$ 2.6 apiece on Wednesday, December 29.
Also read: 5 Canadian sectors that outshone in 2021
- Bombardier Inc (TSX:BBD.B)
A manufacturer of business aircraft, Bombardier Inc posted a business aircraft revenue of US$ 1.4 billion in the third quarter of FY2021, up by 17 per cent from previous year.
Bombardier, which held earnings per share of C$ 2.25, saw its stock close at C$ 1.67 apiece on December 29 and surged by over 252 per cent YTD.
3. NextSource Materials Inc (TSX:NEXT)
Toronto-headquartered strategic materials development firm NextSource Materials Inc saw its scrip close at C$ 3.18 apiece on December 29. The material scrip swelled by over 253 per cent YTD.
On December 14, the firm finished fabrication and assembly of its Molo Graphite Mine Project and initiated for Factory Acceptance Testing (FAT).
4. Verde Agritech Plc (TSX:NPK)
Verde Agritech Plc, an agricultural company, saw its revenue stand at C$ 10.65 million in the third quarter of FY2021, reflecting a growth of 169 per cent year-over-year (YoY).
Its net profit grew to C$ 1.09 million in the latest quarter, up by 192 per cent YoY.
The agriculture stock closed at C$ 2.73 apiece on December 29. NPK stock zoomed by about 232 per cent in the last year.
5. Farco International SA (TSX:FAR)
A provider of drilling services, Farco International SA reported a revenue of US$ 70.57 million in the third quarter of FY2021, compared to that of US$ 55.92 million a year ago.
FAR stock closed at C$ 1.77 apiece on December 29 after it rose by over 277 per cent YTD.
Bottom line
As the COVID-19 pandemic and the recent spread of the omicron variant continues to hamper global supply chain and disrupt investor confidence, many are looking to invest in reliable stocks that come at an affordable price.
Also read: 5 Canadian stocks to buy for the New Year
