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Summary
- An asset management firm’s stock has delivered 341 per cent in one year.
- A gold corporation’s scrips have zoomed 289 per cent in the past one year.
- Stocks of a blockchain-backed oil exchange operator have skyrocketed 650 per cent in the same period.
- These three nano cap firms rank among TMX’s Rising Stars Stocklist.
Investing in nano cap stocks, which hold a market cap of C$ 50 million or below, is generally a risky move. However, investors with an appetite for high returns often explore such growth stocks. We take a look at three nanocap stocks from three different sectors – GreenFirst Forest Products (TSXV:GFP), Prosper Gold (TSXV:PGX), and Hunter Technology (TSXV:HOC). All these stocks
GreenFirst Forest Products Inc. (TSXV:GFP)
The Vancouver-based asset management firm deals in forest products. The company recently changed its name to GreenFirst Forest Products from Itasca Capital Ltd (TSXV:ICL).
The company’s current market cap is C$ 46.2 million. This stock has churned one-year returns of 341 per cent and is currently trading at C$1.79 a pop.
Its listed shares outstanding are 23.8 million, as per TMX site. The scrips have a price-to-cashflow ratio of 324.90 and a positive price-to-book ratio of 3.453.
In the third quarter of 2020, The firm posted a net loss attributed to stockholders of C$ 0.4 million.
Prosper Gold Corp. (TSXV:PGX)
The gold explorer and mining company owns over 16,000 hectares of land in Red Lake, Ontario. The stock is currently trading at C$1.75 apiece and has a market cap of about C$ 34.8 million.
The gold stock has swelled by 289 per cent in one year, with a current price-to-book ratio of 43.75. Its total debt-to-equity ratio is 0.05, and the price-to-cashflow ratio is 63.30, as per TMX data.
In December 2020, the company claimed that it has explored the pristine nature of the gold grains at its Red Lake-based site. That implies the presence of a gold deposit in the area, said Prosper Gold CEO Peter Bernier.
Image Source: Kalkine Group @2021
Hunter Technology Corp. (TSXV:HOC)
The software company provides a blockchain-backed oil-trading platform. Hunter purchased all issued outstanding scrips of FinFabrik, a Hong-Kong-based fintech firm, for nearly US$ 11.15 million on December 31.
The tech stock has a market cap of C$ 43.19 million and trading at C$1.35. It has a price-to-book ratio of 63.80 with present one-year return of 650 per cent.
The company raised C$ 2 million through a private placement financing in November 2020, which it aims to spend on the development of its Oil Exchange platforms.
