- A Canadian oil and gas stock climbed nearly 180 per cent in the last nine months.
- A retail stock priced under C$ 5 soared by nearly 190 per cent over the past year.
- As pandemic-related restrictions are lifted, companies are expected to return to their normal operations soon. This could allow them to increase their production and sales.
Canada has noted a dip in its unemployment levels for the month of July 2021. This happened as many industries were able to reopen their usual businesses amid ramped-up vaccination campaigns.
As more pandemic-related restrictions are lifted, companies are expected to return to their normal operations soon, allowing them to increase their production and sales.
In the light of these developments, investors seeking to explore Canadian stocks under the price of C$ 5 can take a look at these companies.
1. Crescent Point Energy Corp (TSX: CPG)
Crescent Point Energy is engaged in the exploration and production of oil and gas. Its stock closed at C$ 4.5 on August 6, 2021, having climbed nearly 180 per cent in the last nine months. It also posted a one-year growth of almost 88 per cent.
Crescent Point posted adjusted funds flow of C$ 387.8 million in the second quarter of fiscal 2021, up from C$ 109 million in Q2 FY2020. Its net income was C$ 2,143.3 million in the latest quarter.
The average production of Crescent Point stood at 148,641 barrels of oil equivalent per day (boe/d) in Q2 FY2021.
2. Roots Corporation. (TSX: ROOT)
Roots Corporation is a retail company covering a broad spectrum of leather goods, footwear, apparel, and other merchandise. The C$ 141-million market cap company has stores in Canada, US, China, etc.
Roots stock closed at C$ 3.33 apiece on August 6, trading 24 per cent below its 52-week high of C$ 4.39 apiece (June 29, 2021).
The retail scrip spiked by 42 per cent in the last six months, and it soared by nearly 190 per cent over the past year.
Roots Corporation posted total sales of C$ 37.3 million in Q1 FY2021, up by 24.7 per cent year-over-year. Its gross margin was 57.5 per cent in the same quarter.
The company holds an EPS of 0.38 and a return of assets (ROA) of 4.09 per cent.
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3. Sangoma Technologies Corporation. (TSX: STC)
The technology company’s stock closed at C$ 3.03 apiece on August 6, trading 35 per cent above its 52-week low of C$ 2.24 apiece (September 25, 2020). It has a market cap of about 404 million and 133 million outstanding shares.
Sangoma posted sales of C$ 35.4 million in Q3 FY2021, down by two per cent YoY. Its net loss was C$ 2.3 million in the same quarter.
It holds an EPS of 0.06 and a debt-to-equity (D/E) ratio of 0.26. Its ROE is 1.9 per cent, and ROA is 1.19 per cent.
4. Harte Gold Corp (TSX: HRT)
The Canadian enterprise is engaged in the business of acquiring and exploring mineral resources, with a focus on gold properties. The C$ 78-million market cap company closed at a stock price of C$ 0.07 apiece on August 6.
The mining scrip fell by about 56 per cent in the last one year. However, it has climbed by 50 per cent from its 52-week low of C$ 0.05 (July 21, 2021).
Harte Gold Corp posted a revenue of C$ 26.1 million and an EBITDA of C$ 3.1 million in Q2 FY2021. Its net loss was C$ 0.9 million in the same quarter.
The mining company noted a production of 11,283 oz Au in the latest quarter, as compared to that of 11,776 oz Au in Q1 2021.
Harte Gold posted an ROE of 178.09 per cent.
5. Tamarack Valley Energy Ltd. (TSX: TVE)
Tamarack Valley Energy focuses on exploring, developing and producing oil and natural gas. It has a market cap of about C$ 1.03 billion and 407 million outstanding shares.
The oil and gas stock closed at C$ 2.54 apiece on August 6, trading 268 per cent above its 52-week low of C$ 0.69 apiece (October 2, 2020). It rocketed by nearly 230 per cent in the last nine months, and soared by 182 per cent in the past year.
Tamarack Valley posted total oil, natural gas, and processing revenue of C$ 152.17 million in Q2 FY2021, up 359.3 per cent YoY. Its production volumes went by 54 per cent YoY to 32,416 boe/d, while its net income was C$ 230.19 million in the same quarter
Tamarack’s EPS stood at 0.58, while its ROE was 26.23 and price to book (P/B) ratio was 0.9.