WELL & CMMC: Should you watch these TSX small-cap stocks? - Kalkine Media

March 09, 2023 04:51 AM EST | By Akanksha Vashisht
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Summary

  • Small-cap stocks are often a risky investment but may potentially give higher-than-average rewards to investors.
  • The WELL stock has given YTD returns of 57.04%.
  • The CMMC stock has given YTD returns of 31.58%.

Small-cap stocks often become a preference among investors seeking large rewards against a relatively higher level of risk than other stocks. Small-cap companies, despite their smaller market capitalization, can grow immensely. This is what draws most investors towards them.

Readers should note that this growth potential comes with its own set of risks. Not every small-cap stock may turn out to be a success story. However, owning a small-cap stock is accompanied by a high level of volatility, which gives rise to price upswings and downswings.

This article covers two TSX-listed small-cap stocks to watch out for.

WELL Health Technologies Corp. (TSX: WELL)

WELL Health is a primary healthcare provider and is one of the largest operators of healthcare clinics. The company focuses on combining healthcare and technology and also has an extended venture capital arm, known as WELL Ventures.

The company has recently invested in doctorly GmbH, a Germany-based provider of practice management software. The CEO and Founder of WELL, Hamed Shahbazi said that the alliance between the two parties is WELL’s “first investment and collaboration agreement in Europe”. It has been termed as a “strategic alliance” for the two companies.

In Q3 2022, WELL achieved a record quarterly revenue of C$ 145.8 million, up 47 per cent year-over-year (YoY). Meanwhile, the adjusted EBITDA stood at C$ 27.5 million compared to C$ 22.3 million in Q3 2021.

The stock has risen 61.62% on YTD basis.

Copper Mountain Mining Corp. (TSX: CMMC)

Operating on the Canadian copper reserves is the Canadian mining giant Copper Mountain Mining Corp., which produces annual copper equivalent of over 90 million pounds. The Copper Mountain mine, situated in British Columbia, is the company’s leading asset.

Financials of CMMC

© 2023 Krish Capital Pty. Ltd.

In Q3 2022, CMMC produced 16.5 million pounds of copper equivalent. As per the company statement, it included 64,331 ounces of silver, 6,053 ounces of gold, and 13.2 million pounds of copper.

The revenue for the third quarter of 2022 was C$ 58.3 million. The stock has risen 28.94% on YTD basis.

Please note, the above content constitutes a very preliminary observation based on the industry 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.


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