Kalkine Media explores five TSXV stocks to watch in September

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Kalkine Media explores five TSXV stocks to watch in September

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 Kalkine Media explores five TSXV stocks to watch in September
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Highlights

  • The TSX Venture currently occupies a total market capitalization of more than C$ 78.3 billion.
  • An expansion in the vehicle industry might generate demand for more lithium.
  • Inventronics Limited is into designing and manufacturing. 

The TSX Venture Exchange, or TSXV, is the junior exchange in Canada. It has more than 1,600 companies listed, most of which are small-cap Canadian stocks.

The TSX Venture had a total market capitalization of more than C$ 78.3 billion at the time of writing for all the listed companies. As of 2022, the median market cap for each company listed is approximately C$ 11.5 million.

As an investor, you can choose from an array of companies on the TSX Venture Exchange. Analyze, you have many options to choose from when selecting investments. Some of the stocks from TSXV are discussed below:

Sigma Lithium Corporation (TSX: SGML)

Sigma Lithium Corporation (TSXV: SGML) is established as a firm that powers the next generation of electric vehicle batteries with its environmentally sustainable lithium.

An expansion in the vehicle industry might generate demand for more lithium. With lithium being the main constituent for Sigma Lithium Corporation, it had a market capitalization of C$ 3.5 billion as of writing.

As of June 30, 2022, reportedly, Sigma Lithium Corporation calculated its assets at C$ 193.31 million by witnessing a decrease of 0.23 per cent. Further, their liabilities witnessed an increase of 63.96 per cent and were calculated at C$ 14.29 million.

Patriot Battery Metals Inc. (TSXV: PMET)

Patriot Battery Metals Inc. works in the exploration of minerals. The company's focus areas are the acquisition and development of mineral projects. These projects include the metals, battery, and base.

At the time of writing, Patriot Battery Metals Inc. had a total market capitalization of C$ 606.67 million.

As of June 30, 2022, the company witnessed an increase of 7.51 per cent in its total assets, and the assets were reported at C$ 28.62 million. Additionally, the cash and cash equivalents grew by 194.17 per cent to C$ 8.8 million.

Patriot Battery Metals Inc. reported a comprehensive loss of C$ 3.86 million in the same period.

First Hydrogen Corp. (TSXV: FHYD)

First Hydrogen Corp. operates in the Vehicles and parts industry. The company is into designing and manufacturing vehicles that are powered by zero-emission and long-range hydrogen.

The company had a total market capitalization of C$ 256.1 million. As of June 2022, the company witnessed an increase in its total assets by 38.24 per cent. Simultaneously, the company witnessed a decline in total liabilities by 11.62 per cent.

The end cash position of the company in June 2022 reportedly saw an increase of 103.32 per cent.

According to the official announcement by the company on September 6, 2022, the company's plans for green hydrogen exploration have extended significant support for the US markets. The support is provided for renewable energy, green hydrogen, and zero-emission mobility.

Because of the support, the company is looking forward to the expansion of industrialization as well as renewable energy. 

Inventronics Limited (TSXV: IVX)

Inventronics Limited is into designing and manufacturing products related to oil and gas, telecommunications, electronics, cable television, and computer services industries.

The Earnings per share (EPS) announced by Inventronics Limited is 0.54, with a price-to-earnings ratio (P/E ratio) of 6.3 per cent.

For the three months ended June 30, 2022, the revenue grew by 51.98 per cent compared to the same quarter of the previous year.

As of June 30, 2022, Inventronics Limited reported net earnings of C$ 0.8 million, increasing by 82.5 per cent.

Immunoprecise Antibodies Ltd. (TSXV:IPA)

Immunoprecise Antibodies Ltd. operates as a supplier of custom antibodies to the sectors like research and other industrial communities.

The total market capitalization of Immunoprecise Antibodies Ltd. was C$ 166.9 million at the time of writing. The company's total revenue grew by 2.2 per cent, but the company reportedly incurred losses.

Immunoprecise Antibodies Ltd. went through a decline in assets and liabilities. As of July 31, 2022, the decline was reported by 17.22 per cent and 34.39 per cent, respectively. 

Bottom Line

Due to the current market situation, investors should be alert and have a clear analysis of their portfolio and the market.

Indulge in thorough research while choosing the right stocks for you. Also, consider all the factors that operate in the market and affect the stocks directly or indirectly. Be aware of your investments and collect all the information before investing.

Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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