AMC and URC: 2 TSXV stocks to buy under $10

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AMC and URC: 2 TSXV stocks to buy under $10

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 AMC and URC: 2 TSXV stocks to buy under $10
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Highlights

  • As of September 30, 2021, the total assets of Arizona Metals was valued at C$ 24.04 million.
  • Uranium Royalty Corp. (TSXV:URC) is a Vancouver-based corporation that invests in uranium interests.
  • As of January 31, 2022, Uranium Royalty had cash, physical uranium and marketable securities worth C$ 113 million.

As a Canadian investor, you must be aware of the stock exchanges offering a variety of stocks. The primary stock exchange is the Toronto Stock Exchange (TSXV) and exchanges like the TSX Venture Exchange and Canadian Securities Exchange also serve the purpose.

If you are an investor looking for some cheap stocks, then TSXV is probably the stock exchange for you. This article brings two stocks under C$ 10- AMC and URC.

Let's take a look at them and find out if they are worth your time:

Arizona Metals Corp. (TSXV:AMC)

The Canadian mineral exploration company is involved in the production of metals like gold and copper. Arizona Metals works on two projects- Sugarloaf Peak Gold Project and Kay Mine Project.

In January, the metals company announced that it received approval for granting 450,000 incentive stock options to Arizona Metals' Vice-President of Exploration and a geological consultant.

At the end of trading session on Thursday, March 24, the AMX stock closed 2.6 per cent higher at C$ 6.82 per share. Meanwhile, the volume of the shares traded on the TSX Venture Exchange (TSXV) was 283,730 AMC shares.

Also Read: American Lithium (LI) and Frontier (FL): 2 TSXV lithium stocks to buy

As of September 30, 2021, the total assets of Arizona Metals was valued at C$ 24.04 million, up from C$ 4.8 million for the fiscal year 2020.

For the three months ended September 30, 2021, the net loss for the period was C$ 4.5 million compared to C$ 2.4 million in the same comparable period of 2020.

AMC and URC stock©2022 Kalkine Media® 

Uranium Royalty Corp. (TSXV:URC)

The Vancouver-based corporation invests in uranium interests, which includes investing in royalties, streams, debt and equity investments in companies exploring uranium. In addition, the company gains exposure through holdings of physical uranium.

On December 2, 2021, the Uranium Royalty Corp. announced that it entered into an agreement with CGN Global Uranium Limited to purchase 500,000 pounds of uranium.

The order is expected to be delivered between 2023 to 2025. As of January 31, 2022, Uranium Royalty had cash, physical uranium and marketable securities worth C$ 113 million. On March 24, the URC stock was priced at C$ 5.45 apiece.

Also Read: EMO, ODV, and DSV: 3 TSXV precious metals stocks to buy?

Please note, the above content constitutes a very preliminary observation or view based on digital trends 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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