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Summary
- GreenPower stocks have soared over 1125 per cent in value year-to-date (YTD).
- Stocks of Grande West have swelled by 384 per cent.
- In the last three months, NanoXplore’s stock has surged by 134 per cent.
The Toronto Stock Exchange Venture (TSXV) is a platform for emerging and smallcap companies. TSXV parent TMX Group has a dedicated a stocklist known as ‘Rising Stars’ that helps investors recognize promising enterprises. includes innovative smallcap and start-up companies that are surpassing benchmark indices with largest gains in the last three months.
In this story, we will analyze the stock performance of the following three rising stars: GreenPower Motor Company Inc (TSXV:GPV), Grande West Transportation Group Inc (TSXV:BUS), and NanoXplore Inc (TSXV:GRA)
GreenPower Motor Company Inc. (TSXV:GPV)
Current Stock Price: C$ 24.45
Vancouver-based GreenPower Motor produces electric charter and school e-buses. This green stock has zoomed over 1125 per cent year-to-date (YTD). Since the pandemic-led market crash on March 24, the stocks have soared nearly 1738 per cent. In the last three months, the EV stock has increased by 94 per cent.
The company’s price-to-cashflow (P/CF) ratio is 9.30, and its price-to-book ratio is 10.273. The consumer stock’s current market cap stands at C$ 463 million. Its current debt to equity ratio is 0.17, as per TMX data.
The e-vehicle producer has been ranked among TMX’s top Consumer Goods stocks across TSXV. The company also made it to TMX’s Top Price Performer stocklist that lists TSX and TSXV stocks with the largest price gains in the last 30 days.
GreenPower completed its Nasdaq stock exchange listing under the symbol "GP" and raised gross proceeds of US$ 37.7 million, excluding underwriting fees and costs in September.
The company reported revenue of US$ 2.8 million and gross profit of 31.2 per cent of revenue.
It reported delivery of a total of 21 buses, including 20 EV Stars to Green Commuter and one school e-bus to innovative bus sales.
In the second quarter of fiscal 2021, the green company received orders for 100 EV Stars and 10 e-BEAST school buses.
Grande West Transportation Group Inc. (TSXV:BUS)
Current Stock Price: C$ 1.84
Grande West Transportation Group manufactures buses and engages in engineering and developing mid-size buses for transport agencies and commercial enterprises.
The bus manufacturer stock has swelled over 304 per cent in value year-to-date (YTD). Since the pandemic-led market meltdown on March 24, the stocks have surged nearly 666 per cent. In the last three months, the vehicle stock has grown by 384 per cent.
The company’s price-to-cashflow (P/CF) ratio is 6.30, and its price-to-book ratio is 9.20. The junior consumer stock’s current market cap stands at C$ 141 million. Its current debt-to-equity ratio is 0.18, as per the TMX portal.
The bus maker has been ranked among TMX’s top junior consumer goods stocks across TSXV that are outperforming the market.
The company reported revenue of C$ 8.701 million for the three months ended June 30, 2020, compared to C$ 11.878 million for Q2 ended June 30, 2019. It delivered 23 Vicinity™ buses – heavy-duty mid-size community transit buses – in the second quarter ended June 30, 2020, compared to 25 for the second quarter ended June 30, 2019.
The Royal Bank of Canada is offering a three-year credit facility to Grande West Transportation Group Inc, based on the value of total assets, for up to C$ 20 million.
Grande West is expected to release its 2020 Q3 earnings and Vicinity™ e-vehicle product information on November 23.
NanoXplore Inc. (TSXV:GRA)
Current Stock Price: C$ 3.68
NanoXplore Inc produces and supplies high-volume graphene powder for plastic and composite products.
This chemical stock has surged over 172 per cent in value year-to-date (YTD). Since the pandemic-led market collapse on March 20, the stock has skyrocketed nearly 212 per cent. In the last three months, the graphene developer’s stock has increased by 134 per cent.
The chemical company’s price-to-cashflow (P/CF) ratio is 8.40, and its price-to-book ratio is 8.558. The basic material stock’s current market cap stands at C$ 517 million. Its current debt to equity ratio is 0.61, as per TMX data.
The graphene powder developer has been ranked among TMX’s top junior basic materials stocks across TSXV. The company has also been placed among TMX’s top basic materials stocklist that has TSX and TSXV stocks with the largest price gains in the last 30 days.
NanoXplore announced that it received a blanket procurement order from Martinrea International Inc (TSX:MRE) to deliver graphene for fuel and brake lines for passenger automobiles manufactured by automotive Original Equipment Manufacturers.
