The Canadian stocks we’ve identified have seen significant interest from investors, as seen by 30-day average volume increases of more than 80% month over month
SmallCapPower | February 14, 2020: In the spirit of Valentine’s Day, we have found four small Canadian stocks that have been shown a lot of love from investors and have seen the largest monthly increases in volume along with an increase in its stock price. A large increase in volume could also be a signal that something in the company has fundamentally changed. Here are our Top 3 stocks.
*Share prices as at February 12, 2020, data obtained from S&P Capital IQ
Western Forest Products Inc. (TSX:WEF) – $1.35
Forestry and Lumber
Western Forest Products is a Canada-based lumber producer that produces over 1.1B board feet/year, operating in British Columbia and Washington State. The Company offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.
- Market Cap: $506.5M
- 30-Day Return: +12.6%
- YTD-Return: +9.8%
- 30-Day Average Trading Volume (Feb 12): 873,680
- 30-Day Average Trading Volume (Jan 13): 474,520
- Percent Volume Increase MoM: +84.1%
Roxgold Inc. (TSX:ROXG) – $0.95
Gold Producers
Roxgold is a gold producer operating in Burkina Faso. The Company’s flagship asset, the Yaramoko project, began commercial production in October 2016. Yaramoko is an underground gold mine located in southwest Burkina Faso, the only underground gold mine in the country. The mine hosts mineral reserves of 1.8 million tonnes grading 11.47 g/t Au for a total of 662,000 oz. The mine produces an average of 125k oz per year. Management has provided 2020 guidance, with gold production expected to be between 120K and 30K oz/Au, with cash and all-in-sustaining costs (AISC) of between US$520-$580/oz and US$930-$990/oz, respectively.
- Market Cap: $353.0M
- 30-Day Return: +7.5%
- YTD-Return: -10.1%
- 30-Day Average Trading Volume (Feb 12): 847,330
- 30-Day Average Trading Volume (Jan 13): 454,870
- Percent Volume Increase MoM: +86.3%
Organigram Holdings Inc. (TSX:OGI) – $2.93
Cannabis
Organigram is a licensed producer of cannabis and cannabis-derived products in Canada for the recreational and medical market. The Company has a strong brand portfolio that includes The Edison Cannabis Company, Ankr Organics, Trailer Park Buds and Trailblazer. Organigram’s main facility is located in Moncton, New Brunswick. In January, Organigram reported Q1/20 revenue of $25.2M, a 54% increase over the previous quarter. The large jump in revenue was driven primarily by a $9M wholesale B2B shipment.
- Market Cap: $478.7M
- 30-Day Return: +8.9%
- YTD-Return: -4.1%
- 30-Day Average Trading Volume (Feb 12): 2,088,210
- 30-Day Average Trading Volume (Jan 13): 1,142,680
- Percent Volume Increase MoM: +82.7%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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