5 top penny players of 2021 in Canada

Investors who have a small sum of money set aside for investing purposes often invest in penny stocks. While relatively small in operations and capital, some penny-cap companies are often seen to report significant growth and returns over a period of time.

5 top penny players of 2021 in Canada

Some penny stocks, despite the limited market capitalization, have performed quite well in the year 2021.

Let us have quick look at such Canadian penny stocks.

1.     GoldSpot Discoveries Corp (TSXV: SPOT)

GoldSpot Discoveries Corp is a Toronto, Ontario-based software company that leverages its machine learning technology to enhance efficiency and improve the succession rates for mineral exploration and investment businesses.

The technology stock jumped by about 28 per cent on a quarter-to-date (QTD) basis and delivered a return of almost 173 percent in the last nine months.

SPOT stock closed at a value of C$ 1.05 apiece on Tuesday, November 30.

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The company saw its consultancy revenue surge by 83 per cent year-to-date (YTD) to C$ 6.3 million in the third quarter of fiscal 2021, while reflecting a year-over-year (YoY) growth of 29 per cent.

GoldSpot also incurred net investment losses of C$ 10 million in its latest quarter  primarily due to some volatility in the market.

Also read: 3 Canadian penny stocks to buy before Christmas holidays 

2.     Hamilton Thorne Ltd (TSXV: HTL)

Hamilton Thorne provides precisions devices and software solutions to the healthcare industry.

The Beverly, Mississauga-headquartered firm mainly serves the development biology research and Assisted Reproductive Technologies markets.

In Q3 FY2021, its sales rose by 30 per cent YoY to C$ 12.7 million. Its adjusted EBITDA jumped by 22 per cent YoY to C$ 2.0 million in the latest quarter.

As for its stock performance, HTL stock urged by more than 12 per cent in the past three months. The scrip also climbed by roughly 64 per cent in the last 12 months.

Hamilton Thorne stock closed at a value of C$ 2.11 apiece on November 30.

3.     Alvopetro Energy Ltd (TSXV: ALV)

Alvopetro Energy Ltd is a Calgary, Alberta-based company with hydrocarbons operations in Brazil.

The company saw its net income expand by 77 per cent YoY to US$ 1.49 million in the third quarter of fiscal 2021.

The oil and gas stock spiked by more than 36 per cent in the past three months and delivered a YTD return of more than 108 per cent.

On November 30, ALV stock closed at C$ 4.50 apiece, down by roughly three per cent.

4.     NG Energy International Corp (TSXV: GASX)

NG Energy International Corp, commonly known as NGE, is an oil and gas firm. In October this year, NGE was planning to initiate selling the gas produced from its Istanbul-1 and GTX facilities.

The company also inked an agreement with utility services player Transportadora de Gas Internacional for its Maria Conchita pipeline to transport its produced gas.

The Vancouver, British Columbia-based firm saw its stock increase by almost 65 per cent in the last three months. Its share price also soared by about 123 per cent in the past year.

GASX stock closed at a price of C$ 1.74 apiece on November 30, down by more than two per cent.

5.     ReGen III Corp (TSXV: GIII)

ReGen III Corp, a Vancouver, Canada-based clean tech provider, owns patented technologies that allows used motor oil (UMO) re-refineries to produce high value base oils.

Earlier this year, oil tank terminals operator Oiltanking GmbH and Regen III had initiated talks about building a plant for used motor oil re-refinery production at Oiltanking’s facility in Galveston, Texas.

In October, ReGen III said that the two companies are ready to begin the Front-End Engineering and Design ("FEED") for the planned facility.

As for its stock performance, ReGen III scrips swelled by more than four per cent in the last one week.

Also read: 2 Canadian penny stocks that grew 200-400% in a year!

GIII stock, which closed at C$ 1.69 apiece on November 30, grew by almost 345 per cent in the last 12 months.

Bottom line

Investing in penny stocks trading in any market can be a risky business as these scrips commonly belong to companies that have small market capitalization, which could limit their business opportunities and growth prospective.

On the other hand, penny-cap companies with sound financials can go on to grow and expand with time and make way for significant returns.