Companies with higher levels of insider ownership (stocks held by senior
executives and directors within the firm) attract investor interest as
it reflects a confidence in growth potential since insiders personal wealth
is directly affected by stock performance. It is believed that an
insider action predicts the future movement of a stock because of the greater
knowledge that insiders possess about the company.
Ubika Research has picked ten Canadian penny stocks trading below $1.00
which have an insider ownership of more than 5%, held by high level executives
and directors within the firm. These companies have witnessed a significant
increase in insider ownership during the past six months. Moreover, these
stocks are rated a Buy by all analysts covering these stocks with 12-month
price targets indicating significant upside potential of over 50% from
current levels, according to consensus estimates provided by Bloomberg.
Additionally, we note that the shortlisted stocks have recorded significant
price gains with daily average trading volume in excess of 100,000 shares
over the past six months.
|
Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
6- Months Average Volume |
6-Months Price Change |
Equity Shares Outstanding |
Insider Ownership |
Change in Insider Holding |
Total Analyst Coverage |
Target Price |
Implied Upside |
|
NeuLion Inc |
NLN |
TSX |
108.9 |
0.64 |
407,626 |
23.1% |
170.1 |
38.9% |
1.5% |
3 |
1.02 |
58.9% |
|
NTG Clarity Networks Inc |
NCI |
TSXV |
15.2 |
0.43 |
332,234 |
26.9% |
35.7 |
23.8% |
2.2% |
1 |
1.00 |
135.3% |
|
Castle Mountain Mining Co Ltd |
CMM |
TSXV |
42.0 |
0.67 |
174,895 |
179.2% |
62.7 |
14.2% |
16.1% |
5 |
1.36 |
103.4% |
|
Enterprise Group Inc |
E |
TSX |
78.2 |
0.90 |
930,268 |
32.4% |
86.9 |
8.3% |
1.5% |
1 |
2.25 |
150.0% |
|
ICO Therapeutics Inc |
ICO |
TSXV |
33.2 |
0.49 |
237,198 |
22.5% |
67.8 |
7.1% |
6.2% |
1 |
1.25 |
155.1% |
|
Petrolia Inc |
PEA |
TSXV |
57.9 |
0.82 |
154,109 |
22.4% |
70.7 |
6.5% |
3.3% |
1 |
1.65 |
101.2% |
|
Excelsior Mining Corp |
MIN |
TSXV |
23.9 |
0.41 |
297,932 |
268.2% |
59.1 |
6.5% |
1.9% |
1 |
1.70 |
319.8% |
|
Gold Standard Ventures Corp |
GSV |
TSXV |
77.1 |
0.84 |
105,308 |
29.2% |
91.8 |
6.2% |
1.3% |
2 |
1.71 |
103.5% |
|
Roxgold Inc |
ROG |
TSXV |
93.9 |
0.55 |
253,995 |
26.4% |
170.7 |
6.1% |
29.3% |
5 |
0.91 |
65.9% |
|
Mason Graphite Inc |
LLG |
TSXV |
46.2 |
0.69 |
462,982 |
38.0% |
66.9 |
6.0% |
3.7% |
1 |
1.50 |
117.4% |
Source: Bloomberg
Company Description:
NeuLion Inc (TSX: NLN)
NeuLion Inc. delivers international television channels over the Internet.
The company contracts with television broadcasters throughout the world
to broadcast their linear feeds through broadband Internet connections
to home computers, laptops, or Internet-enabled televisions.
NTG Clarity Networks Inc (TSXV: NCI)
NTG Clarity Networks Inc. is a network company that provides a full range
of consulting and outsourcing services to the telecommunications industry.
The company provides design, documentation, and implementation expertise
to network service providers.
Castle Mountain Mining Co Ltd (TSXV: CMM)
Castle Mountain Mining Company Limited operates as a gold mining company.
The company engages in the drilling, exploration, management, and production
of gold mining properties in the State of California.
Enterprise Group Inc (TSX: E)
Enterprise Group, Inc. is a pipeline construction and oilfield maintenance
company. The company seeks business in Central and Northern Alberta’s oilfields.
ICO Therapeutics Inc (TSXV: ICO)
ICO Therapeutics Inc. is a biotechnology company focused on redosing or
reformulating drugs with clinical history for new or expanded indications.
The company’s products in development include a treatment for Diabetic
Macular Edema and a treatment for severe ocular allergies.
Petrolia Inc (TSXV: PEA)
Petrolia Inc. is and oil and gas exploring company that holds various
exploration permits in Quebec, Canada.
Excelsior Mining Corp (TSXV: MIN)
Excelsior Mining Corporation is a capital pool company formed with a view
to completing a qualifying transaction.
Gold Standard Ventures Corp (TSXV: GSV)
Gold Standard Ventures Corp. is an advanced stage gold exploration company
focused on Nevada.
Roxgold Inc (TSXV: ROG)
Roxgold Inc., acquires, explores and develops natural resource properties
in Canada.
Mason Graphite Inc (TSXV: LLG)
Mason Graphite Inc is a Canadian mining company focused on the exploration
and development of its Lac Gueret graphite property which is located in
northeastern Quebec.
