5 top penny players of 2021 in Canada

Follow us on Google News:
 5 top penny players of 2021 in Canada
Image source:  © 2021 Kalkine Media Inc 

Highlights

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

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.

GoldSpot Discoveries Corp (TSXV:SPOT)’s stock performance

 Image source: © 2021 Kalkine Media Inc 

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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK