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Summary
- People Corp stocks have rallied 90.8 per cent since the pandemic-led market collapse in March.
- Solaris Resources stocks have surged 210 per cent since its trade debut on July 14, 2020.
- The e-vehicle producer GreenPower Motor stocks have rocketed up 444.6 per cent value year-to-date (YTD).
The Toronto Stock Exchange Venture (TSXV) has long been the growth stage platform for new and innovative companies. Several billion-dollar organisations trading on the senior Canadian index, Toronto Stock Exchange, began their journey on the TSXV. To help investors identify such budding organisations, TSXV parent TMX Group has released Rising Stars Stocklist, comprising of emerging smallcap and early-stage companies that are outperforming the market with largest price gains in the last three months.
In this article, we are exploring three rising stars from the stocklist: People Corporation (TSXV:PEO), Solaris Resources Inc. (TSXV:SLS), and GreenPower Motor Company Inc. (TSXV:GPV). These companies have defied the COVID-19 pandemic-caused market volatility and delivered positive returns over the last three months, as per TMX.
GreenPower Motor Company Inc. (TSXV:GPV)
Current Stock Price: C$ 12.01
Vancouver-based GreenPower Motor is manufacture electric charter, school and shuttle e-buses. This green stock has rocketed up 444.6 per cent in value year-to-date (YTD). Since the pandemic-led market collapse on March 24, the stocks have surged 803 per cent.
The stock’s price-to-cashflow (P/CF) ratio is 9.30. The stock offers a return on assets of -35.55 per cent. The profit-to-book (P/B ratio) is -70.64, and its current earnings per share (EPS) is -0.5, as per TMX data.
The e-bus manufacturer has been ranked highly on TMX’s micro and smallcap consumer goods companies across TSXV.
The company raised US$ 37.2 million in its initial public offering at the NASDAQ in September.
In the first quarter FY21 ended 30 June 2020, the company reported a revenue of C$ 2.27 million and generated a gross profit of 27.2 per cent of revenue.
The company sold or leased 26 all-electric buses in the first quarter FY21, including 18 EV Stars and eight EV350 low floor transport buses. The all-electric vehicle manufacturer started production of 10 B.E.A.S.T. school buses and 40 EV Stars in Q1 FY21.
In the last six months, GreenPower stocks have soared by nearly 472 per cent. This e-motor company has a current market capitalization of C$ 227.7 million.
People Corporation (TSXV:PEO)
Current Stock Price: C$ 11.47
People Corporation YTD Chart (Source: EODHD/Others, Thomson Reuters)
People Corp offers consultancy services for employee benefits, group retirement, and third-party human resource and administration services. This business service stock is up 29.6 per cent year-to-date (YTD).
Since the pandemic-led market collapse on March 24, the stocks have rallied 90.8 per cent.
The People Corp stock’s price-to-earnings (P/E) ratio is 188.3. The stock provides a return on equity (RoE) of 3.99 per cent and return on assets of 1.88 per cent. The profit-to-book (P/B ratio) is 3.76, and its current earnings per share (EPS) is 0.06, as per the TMX data.
People Corp ranks among TMX Money’s top industrial stocks with the largest price gains in the last 30 days across the TSX and the TSXV. The company also ranks on Junior Industrial Stocklist, that enlists micro and smallcap industrials companies on the TSXV.
In the third quarter of 2020, People Corp reported a revenue of C$ 53.2 million, an increase of over 25 per cent compared to C$ 42.4 million in the same quarter of the last fiscal year. Its adjusted net earnings per share was C$ 4.3 million, a surge of almost 91.5 per cent year-over-year (YoY). The company posted an adjusted EBITDA of C$ 16.1 million in Q3 FY20, a 69.4 per cent up compared to C$ 9.5 million in Q3 FY19.
In the last six months, People Corp stocks have surged by over 27 per cent. This corporation has a current market capitalization of C$ 824.8 million.
Solaris Resources Inc. (TSXV:SLS)
Current Stock Price: C$ 4.65
Solaris Resources Price Chart Since July 2020 (Source: EODHD/Others, Thomson Reuters)
Metal and mining company Solaris Resources Inc. debuted on the stock market on July 14, 2020. Since then, the stock has surged 210 per cent. Its current market capitalization is C$ 413 million.
Solaris has been placed among TMX’s top basic material companies that have TSX and TSXV stocks with the largest price gains in the last 30 days. The emerging metal company has also been ranked on TMX’s top metals stocks that are outperforming their peers on the TSXV and TSX in the last 30 days.
In the second quarter fiscal year 2020 ended June 30, 2020, Solaris reported exploration expenses of US$ 1,002 thousand for the three months, over 15 per cent rise in loss compared to US$ 866 thousand in Q2 FY19. The rise in expenses is driven by exploration operations in Q2 2020 in preparation to restart drilling at Warintza.
Shares of Solaris Resources have rallied over 200 per cent in the last three months.
