Volatility measures the size of a stock’s price swings over a period of time. It is usually measured as either the standard deviation of price returns, or as beta – a metric measuring the correlation a stock’s excess return to the market’s excess return. Large institutions, such as banks, generally experience very low volatility. In comparison, tech startups and IPOs are usually very volatile, and the companies on today’s list can be considered the ‘wildest stock price swingers’ in Canada.
Polaris Infrastructure Inc. (TSX: PIF) – $15.80
Renewable Fuels
Polaris Infrastructure Inc., formerly Ram Power, Corp., is a renewable energy company engaged in the acquisition, exploration, development and operation of geothermal energy projects with an operating project in Nicaragua and development projects in Nicaragua, the United States and Canada. The Company, through its subsidiary, Polaris Energy Nicaragua S.A., owns and operates approximately 72 megawatt net per day capacity geothermal facility in the San Jacinto project.
- Market Cap: $255,895,015
- Daily Volatility: 18.0%
- Weekly Beta (2 years): 4.72
- YTD Price Change: 64.9%
Connacher Oil and Gas Ltd. (TSX: CLC) – $2.00
Integrated Oil & Gas
Connacher Oil and Gas Limited (Connacher) is a Canada-based energy company engaged in the exploration, development, production and sale of bitumen. Connacher has two second steam-assisted gravity drainage (SAGD) facilities located on its Great Divide oil sands leases near Fort McMurray, Alberta, namely Pod One and Algar. Pod One is the Company’s first SAGD thermal recovery oil sands project that has a design steam generation capacity of 27,000 barrels per day.
- Market Cap: $42,477,869
- Daily Volatility: 13.1%
- Weekly Beta (2 years): 5.20
- YTD Price Change: -95.3%
CGX Energy Inc. (TSXV: OYL) – $0.69
Oil & Gas Exploration and Production
CGX Energy, Inc. (CGX) is a Canada-based oil and gas exploration company engaged in exploring for hydrocarbons in Guyana, South America. CGX holds an interest in three Petroleum Agreements (known as the Corentyne, Berbice and Demerara Blocks) covering approximately 3.3 million gross acres (approximately 3 million net acres) offshore and onshore Guyana. The Company conducts its exploration activities in Guyana through its subsidiaries.
- Market Cap: $60,093,446
- Daily Volatility: 12.7%
- Weekly Beta (2 years): 0.79
- YTD Price Change: 236.8%
Tesla Exploration Ltd. (TSX: TXL) – $1.50
Oil Related Services and Equipment
Tesla Exploration Ltd. provides a range of onshore and offshore geophysical and geological services to a client base across the oil, gas, coal, mineral, water and civil engineering industries. The Company expanded its operations to Eastern Canada and the Eastern United States. It provides seismic land data acquisition in a multitude of environments in Canada through Tesla Canada, in the United States through Tesla USA, in Trinidad through Tesla Trinidad and in the United Kingdom, Europe and Africa through Tesla International. Tesla Offshore operates geophysical hazard surveys and provides positioning services for construction and diving operations in the Gulf of Mexico using its own vessel and other chartered vessels.
- Market Cap: $27,990,437
- Daily Volatility: 11.9%
- Weekly Beta (2 years): 0.23
- YTD Price Change: -12.5%
