- In penny stocks, money can be made, but there are also chances you can lose your investments.
- The price of CMC stock was C$ 0.095 per share at market close on June 28.
- The MOS stock jumped 66.7 per cent on June 28.
The aggressive investor believes that the optimum time to invest in stocks is when they are just about to enter a growth period, which they anticipate will run for years, if not decades. They aim to invest in the future top performers while they are still in the penny stock range or very near it and before most investors have heard of them.
In penny stocks, money can be made, but there are also chances you can lose your investments as the companies are not fundamentally strong.
In Canada, the Toronto Stock Exchange and TSX Venture Exchange (TSXV) have plenty of penny stocks to offer, and in this article, we will explore TSXV-listed stocks.
Let's look at them:
Cielo Waste Solutions Corp. (TSXV:CMC)
Although the CMS stock is down compared to the previous year's performance, it could be an option for long-term investors. Waste management is essential, and the company is involved in refining construction and municipal waste.
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The company had achieved its production target of 20,000 litres of distillate in the fourth quarter of 2021. Meanwhile, the valuation of the total assets increased by C$ 6.7 million to C$ 51.85 million at the end of January 31, 2022.
The total revenue of the company was C$ 249,000 in the same period. The price of CMC stock was C$ 0.095 per share at market close on June 28.
Mobi724 Global Solutions Inc. (TSXV:MOS)
A fintech startup called Mobi724 enables banks and retailers to provide real-time, card-linked rewards to their consumers under their own brand names. The business has operations in the Caribbean, Canada, and Latin America.
On June 28, the company signed a long-term agreement with CGI and the MOS stock jumped 66.7 per cent during the trading session on Tuesday and closed at C$ 0.025 apiece.
In Q1 2022, Mobi724's revenues were C$ 0.129 million, up 28 per cent from the previous quarter. Also, the company narrowed its net loss by 30 per cent in the same comparable period to C$ 1.46 million.
Please note, the above content constitutes a very preliminary observation or view based on market 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.