AUS
NZ
UK
CA
USA
IND
_10_04_2024_16_38_50_427275.jpg)
While low-cost stocks are often considered volatile, their discounted price and the chance to draw healthy returns in the long run often draw investors’ attention. On the junior platform of Toronto Stock Exchange Venture (TSXV), there are a few such stocks among the ‘Rising Stars’ category that could provide you long-term returns.
On that note, let’s check out two stocks that you might want to consider exploring: Vitreous Glass Inc (TSXV:VCI) and StorageVault Canada Inc.(TSXV:SVI).
Vitreous Glass Inc (TSXV:VCI)
The Alberta-based company processes and sells waste glass. In April, the C$ 31.2-million market cap enterprise announced a cash dividend of C$ 0.08 per common share that was payable on May 14.
Earlier, the company had distributed dividend in January this year.
1-year chart of stock performance, volume and relative strength index of Vitreous Glass (Source: EODHD/Others)
In the past week, Vitreous Glass’ shares climbed two per cent. They have also catapulted by about 77 per cent in the past year. At market close on Thursday, May 20, the scrips were priced at C$ 4.8 apiece.
In the first quarter of fiscal 2021, Vitreous Glass’ net and comprehensive income rose to C$ 880,260, while its diluted earnings per share climbed to C$ 0.14 from C$ 0.09 in Q1 2020. Representing a solid balance sheet, the cash and cash equivalents increased to C$ 2 million.
StorageVault Canada Inc (TSXV:SVI)
The Canadian company offers storage services to individuals and corporate clients. StorageVault’s debt-to-equity (D/E) ratio is 6.3 and it recently raised its quarterly dividend by 0.5 per cent to C$ 0.003 per common share.
In Q1 2021, StorageVault’s revenue climbed to C$ 43.3 million, up from C$ 35.8 million in Q1 2020. In the latest quarter, the value of its total assets also increased to C$ 1.6 billion.
1-year chart of stock performance, volume and relative strength index of StorageVault Canada (Source: EODHD/Others)
On Wednesday, SVI stock touched a 52-week high of C$ 4.9. At market close on Thursday, it was priced at C$ 4.81 per share.
StorageVault scrip grew by eight per cent in the past month and surged by 19 per cent year-to-date (YTD).
The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.
