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Equity markets around the world experienced quite a bit of volatility as bullish traders commanded dizzying rallies for a range of stocks over the last few weeks. Many stocks which were heavily shorted by major market analysts recorded new price highs following a boost from Reddit-based day investors. As this resulted in significant fluctuations in the market, a variety of stocks, ranging from large to penny-cap, registered leaps of growth.
Let us look into 10 Canadian penny stocks with a market cap of under C$ 300 million that investors should keep an eye out for.
1. Amex Exploration Inc (TSXV:AMX)
Current Stock Price: C$ 3.12
A junior gold mining company with a market cap of C$ 259.9 million, Amex Exploration focuses on gold projects in Canada’s Quebec province.
Amex Exploration is currently ranked high among trending junior basic materials companies on TMX. The stocks secured a growth of nearly 131 per cent in the past one year, and post a return on equity (ROE) of 1.04 per cent, as per TMX.
2. PharmaCielo Ltd (TSXV:CKG)
Current Stock Price: C$ 1.9
A pharma company headquartered in Canada, PharmaCielo deals in the manufacture and supply of medicinal cannabis extracts. The trending stocks of PharmaCielo have expanded by a whopping 226 per cent in the period of past six months.
The C$ 267 million saw a stock price growth of over nine per cent month-to-date. Its price-to-book ratio stands at 7.37 and a debt-to-equity ratio of 0.04, as per TMX.
3. ZEN Graphene Solutions Ltd (TSXV:ZEN)
Current Stock Price: C$ 3.35
ZEN Graphene Solutions is involved in the mining business of precious and base metals. Holding a market cap of C$ 288 million, ZEN stocks grew by about 12 per cent in February.
The trending junior mining stock expanded by 570 per cent in the last six months and by 81 per cent over the period of past three months.
4. Lumina Gold Corp (TSXV:LUM)
Current Stock Price: C$ 0.83
Vancouver-based Lumina Gold Corp deals in the exploration of basic and precious metals. Its stocks grew by nearly 19 per cent in the past one year and by 22 per cent in the last 11 months since the March lows.
With a market cap of C$ 276 million, Lumina Gold holds a price-to-book ratio of 41.5 and a 52-week high of C$ 1.19, as per TMX.
5. HPQ Silicon Resources (TSXV:HPQ)
Current Stock Price: C$ 1.02
HPQ Silicon Resources deals in the business of quartz exploration and its transformation into silicon. Its stocks advanced by nearly 79 per cent in the last six months and by about 15 per cent in February to date.
The C$ 279-million market cap company currently posts a price-to-book ratio of 20.4 and a debt-to-equity ratio of 0.11, as per TMX.
6. Minera Alamos (TSXV:MAI)
Current Stock Price: C$ 0.64
Minera Alamos Inc, a gold exploration and development business, has a wide portfolio of Mexican assets. Its stocks, currently trending on the TMX portal, records a growth of about 142 per cent for the past one year.
The company has a market cap of C$ 281 million and a return on assets of 26.95 per cent, as per TMX.
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7. Chesapeake Gold Corp
Current Stock Price: C$ 4.9
The trending stocks of Chesapeake Gold Corp grew nearly 67 per cent in the last one year. The company, which holds a market cap of C$ 275 million, records price-to-book ratio of 2.32 and a debt-to-equity of 0.01, as per TMX.
The Canadian mining exploration and development firm owns a series of precious metals projects, including the Metates project in Durango, in La Gitana, Tatatila, etc.
8. Bluestone Resources Inc (TSXV:BSR)
Current Stock Price: C$ 1.8
An exploration stage company, Bluestone Resources holds stakes in Guatemala-based mining projects. Since hitting its lowest point of C$ 1.1 (March 16) in the last one year amid the pandemic, its stocks jumped by nearly 58 per cent in the last 11 months.
The C$ 259-million market cap company posts a price-to-book ratio of 2.507 and a price-to-cash flow ratio of 8, as per TMX.
9. Orezone Gold Corporation (TSX:ORE)
Current Stock Price: C$ 0.99
Stock of Orezone Gold Corporation catapulted by about 125 per cent in the past 11 months since the lows of pandemic-triggered market crash in March.
The Canadian company has about 90 per cent stake in one of the biggest undeveloped gold projects in Burkina Faso, known as Bombore.
10. Robex Resources Inc (TSX:RBX)
Current Stock Price: C$ 0.45
Robex Resources, a Canadian exploration and mining company, has its base in West Africa, holding major projects in locations such as Kolomba, Sanoula, Mininko and Kamasso.
Currently trending high on TMX, Robex stocks recorded a growth of over 28 per in the past six months and of almost 153 per cent in the past year. It posts a market cap of over C$ 272 million.
