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Summary
- Stocks of a graphene firm have rallied 492 per cent this year. Consequently, the company made it to TMX’s Rising Stars.
- A lithium producer’s stocks have returned over 250 per cent in 2020, driven by the ongoing global electric vehicle rally.
- Both metals & mining penny stocks have yielded a triple-digit growth in the last three months.
When investors put their money in penny stocks, they undertake some serious due diligence to pick up the right stocks that align with their market strategies. Penny stocks are generally under C$ 5 per stock, and its market capitalization is below C$ 300 million.
Today, we will look at the following two penny stocks that have yielded triple-digit growth in 2020:
ZEN Graphene Solutions Ltd. (TSXV:ZEN)
Current Stock Price: C$ 2.13
The firm operates in the acquisition and exploration of graphite mines in Canada.
This metal stock has rocketed nearly 492 per cent year-to-date (YTD). In the last three months, the graphene producer’s units have added over 249 per cent gains. It has a current market cap of C$ 183 million.
The stock’s price-to-book (P/B) ratio is 6.455. The market cap stands at C$ 517 million. The company has 86 million outstanding listed shares, as per the TMX portal.
ZEN’s shares have been ranked among TMX’s Rising Stars that have surpassed the Toronto Stock Exchange Venture (TSXV) with the largest price gains in the last 3 months.
Neo Lithium Corp. (TSXV:NLC)
Current Stock Price: C$ 1.56
The company explores and produces of lithium through operations in Canada and Argentina. The firm generates most of its revenue from Canada.
The penny stock has zoomed more than 250 per cent this year, steered by the ongoing electric vehicle (EV) rally. The stock has soared 140 per cent in the last three months. It holds a current market cap of C$ 199 million.
Scrips of the lithium firm has a present price-to-cashflow (P/CF) of 29.40 and a price-to-book (P/B) ratio of 3.319, as per the TMX portal data. The metal company has approximately 127.7-million total listed shares.
Neo Lithium’s stock is a part of TMX’s Rising Stars. The company ranks highly on TMX’s junior basic material list.
