8 Canadian Penny Stocks with High Free Cash Flows: Investment Idea of the Day

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Ubika Research has picked eight Canadian penny stocks trading below $1
which have generated high free cash flows and reported significant revenue
growth during the trailing twelve months period. Moreover, these stocks
have Free Cash Flow (FCF) to Sales ratio of more than 4% with attractive
free cash flow yields. We note that these stocks are trading at price to
cash flow ratio (P/CF) of less than 12. Additionally, majority of these
stocks have recorded gains during the past three months with daily average
traded volume above 100,000.

Company Name

Exchange

Ticker

Industry

Market Cap

(MM)

Last Price

Average Volume

(3-Month)

Price Change

(3-Month)

TTM Sales Growth

Free Cash Flow (MM)

FCF to Total Sales

Free Cash Flow Yield

Price to Free Cash Flow

Scorpio Gold Corp

TSXV

SGN

Basic Materials

34.4

0.28

232,776

37.5%

53.2%

7.2

12.7%

21.5%

4.6

Mood Media Corp

TSX

MM

Communications

135.6

0.79

392,264

14.5%

23.9%

21.3

4.2%

17.4%

5.7

Petroamerica Oil Corp

TSXV

PTA

Energy

194.7

0.33

2,471,289

0.0%

736.6%

31.2

17.7%

16.3%

6.1

Mandalay Resources Corp

TSX

MND

Basic Materials

281.3

0.87

461,237

11.5%

30.8%

38.7

21.1%

15.5%

6.5

St Andrew Goldfields Ltd

TSX

SAS

Basic Materials

134.4

0.37

433,509

30.4%

2.0%

19.1

12.3%

14.2%

7.0

Orvana Minerals Corp

TSX

ORV

Basic Materials

91.5

0.67

144,334

59.5%

11.4%

11.4

7.0%

13.8%

7.2

Katanga Mining Ltd

TSX

KAT

Basic Materials

763.0

0.40

303,021

-32.2%

74.0%

93.1

11.2%

13.5%

7.4

Petaquilla Minerals Ltd

TSX

PTQ

Basic Materials

73.4

0.31

449,004

-31.1%

17.1%

5.4

5.0%

8.6%

11.6


Source: Bloomberg; TTM: Trailing Twelve Months



Note: Free Cash Flow is TTM


Company Description:

Scorpio Gold Corp (TSXV: SGN)     

Scorpio Gold Corporation explores for gold in Canada.

Mood Media Corp (TSX: MM)          

Mood Media Corp. offers digital music services. The company operates an
Internet radio network for emerging recording artists; offers videos by
emerging artists; distributes music by emerging artists through retail
stores; sells magazine advertising; and licenses music.

Petroamerica Oil Corp (TSXV: PTA)           

Petroamerica Oil Corp. is an oil and gas exploration and production company.
The company owns interests in oil and gas assets in Colombia.

Mandalay Resources Corp (TSX: MND)       

Mandalay Resources Corp is a Canadian-based natural resource company with
producing assets in Australia and exploration projects in Chile. The company
is focused on advanced or in-production gold, copper, silver and antimony
projects in Australia and the Americas.

St Andrew Goldfields Ltd (TSX: SAS)         

St. Andrew Goldfields Limited is a gold mining and exploration company
located in the Timmins Camp, with current and near-term production, and
advanced stage exploration targets.

Orvana Minerals Corp (TSX: ORV)  

Orvana Minerals Corporation explores for and produces gold and copper.
The company operates the El Valle-Boinas/Carles gold-copper project in
northern Spain, the Don Mario Mine in eastern Bolivia, and the Copper-wood
copper project in the Upper Peninsula of Michigan in the United States.

Katanga Mining Ltd (TSX: KAT)      

Katanga Mining Ltd. explores for and produces copper and cobalt. The company
operates in the Democratic Republic of Congo.

Petaquilla Minerals Ltd (TSX: PTQ)

Petaquilla Minerals Ltd. explores for gold in Panama. The company operates
the Molejon mine in the Cerro Petaquilla Concession.

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