Ubika Research has picked eight Canadian penny stocks trading below $1
across sectors which are expected to register strong growth and are likely
to outperform their peers and broader markets by providing a price return
of more than 40% in 2014, based on average price targets of analysts polled
by Bloomberg. Moreover, these stocks are estimated to report strong growth
in sales and EPS during 2014 and are rated a Buy by majority of the analysts
covering these stocks. Additionally, we note that the one month average
trading volumes of these stocks are significantly higher than their three
months daily average trading volumes reflecting a strong market interest.
During the past three months, majority of the shortlisted stocks have accumulated
gains with 3-month average daily traded volume in excess of 100,000.
Four out of nine shortlisted stocks from our earlier investment idea “Canadian
Penny Stocks Expected to Double in 2014” dated November 12th 2013 have
delivered returns of over 40% till date. List of shortlisted stocks can
be accessed HERE.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Price Change |
Average Volume |
Average Volume |
Sales Growth |
EPS Growth |
Total Analyst Coverage |
Consensus Target Price (C$) |
Implied Upside |
|
Enterprise Group Inc |
TSX |
E |
73.8 |
0.85 |
6.2% |
1,040,738 |
993,344 |
98.9% |
120.0% |
1 |
2.25 |
164.7% |
|
Veris Gold Corp |
TSX |
VG |
47.9 |
0.31 |
1.6% |
229,041 |
225,926 |
21.4% |
NA |
2 |
0.80 |
158.1% |
|
Valeura Energy Inc |
TSX |
VLE |
33.0 |
0.57 |
90.0% |
215,991 |
154,023 |
5.5% |
41.9% |
4 |
1.14 |
99.6% |
|
Alterra Power Corp |
TSX |
AXY |
137.7 |
0.30 |
5.4% |
252,418 |
247,883 |
22.5% |
117.5% |
7 |
0.59 |
98.9% |
|
TransGaming Inc |
TSXV |
TNG |
27.3 |
0.32 |
77.8% |
2,105,752 |
1,251,002 |
3.9% |
60.0% |
1 |
0.60 |
87.5% |
|
Marquee Energy Ltd |
TSXV |
MQL |
43.7 |
0.80 |
6.7% |
110,594 |
107,842 |
25.5% |
57.5% |
6 |
1.21 |
51.0% |
|
Sterling Resources Ltd |
TSXV |
SLG |
228.7 |
0.74 |
34.5% |
248,039 |
220,888 |
8157.6% |
45.0% |
4 |
1.05 |
41.9% |
|
Petroamerica Oil Corp |
TSXV |
PTA |
194.7 |
0.33 |
-1.5% |
2,961,219 |
2,482,194 |
420.4% |
NA |
8 |
0.46 |
40.7% |
Source: Bloomberg
Company Description:
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.
Veris Gold Corp (TSX: VG)
Veris Gold Corp. is a growing mid-tier North American gold producer in
the business of developing and operating gold mines in geo-politically
stable jurisdictions. The company’s primary asset is the permitted and
operating Jerritt Canyon gold mine located north of Elko, Nevada,
USA.
Valeura Energy Inc (TSX: VLE)
Valeura Energy, Inc. is a Canada-based public company. The company is
engaged in the exploration, development, and production of petroleum and
natural gas in Turkey and Western Canada. Valeura is focused on continuing
to grow internationally, in Turkey and other selected countries in the
Mediterranean Basin, Central Europe, and Middle East and North Africa (“MENA”)
region.
Alterra Power Corp (TSX: AXY)
Alterra Power Corporation generates electricity from alternative fuel
sources. The company owns and operates geothermal, hydroelectric and wind
generating facilities. Alterra operates in North and South America.
TransGaming Inc (TSXV: TNG)
TransGaming Inc. develops software tools for video game developers and
publishers. The company offers its customers the technology which allows
video games developed for one system to be migrated to another system.
Marquee Energy Ltd (TSXV: MQL)
Marquee Energy Ltd. is an oil and gas exploration and production company.
The company operates in Alberta, Canada.
Sterling Resources Ltd (TSXV: SLG)
Sterling Resources Ltd. is an international crude oil and natural gas
company that conducts exploration, development, and production activities.
The company has interests in both onshore and offshore properties located
in the United Kingdom and Romania, and in a license located in France.
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.
