GoldQuest (TSXV:GQC) & Cielo (CMC): 2 Canadian stocks under 50 cents

2 min read | February 10, 2022 08:43 AM EST | By Kajal Jain

GoldQuest (TSXV:GQC) & Cielo (CMC): 2 Canadian stocks under 50 cents — Image source: © 2022 Kalkine Media®

1. GoldQuest Mining Corp (TSXV:GQC)

GoldQuest Mining stocks gained some momentum last month as inflation worries fuelled up the gold prices. Safe havens like gold are known to gain investor attention when uncertainty about inflation and yield rates persist in the market.

Also read: BMO & RBC (RY): 2 TSX dividend stocks that can boost your passive income

However, the junior gold miner saw its stock slip by five per cent to close at C$ 0.285 apiece on Wednesday, February 9. The gold stock gained by about 128 per cent in the last three months.

2. Cielo Waste Solutions Corp (TSXV:CMC)

Cielo Waste Corporation is currently one of the most actively traded stocks on the TSXV, with 1.5 million shares exchanging hands.

Cielo, headquartered in Calgary, Alberta, leverages its waste-to-fuel technology to responsibly implement waste diversion practices.

Cielo stock soared by over 97 per cent year-over-year (YoY). The waste management stock closed at C$ 0.372 apiece on Wednesday, noting a one-month return of approximately 53 per cent.

Bottomline

Investors should remember the volatility risk attached with such penny stocks as these can be vulnerable to certain changes in market dynamics due to capital constraints and other factors.

Also read: Saputo (SAP) & Loblaw (L): 2 TSX stocks for you as milk prices rise

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