Top Penny Stocks for 2019 – August 28, 2019
The Canadian Penny stocks on our list are seen as having the greatest upside for the coming year
*Share prices are as at close Monday, August 26, 2019, data obtained from Capital IQ
4FRONT VENTURES CORP. (CNSX:FFNT) – $0.79
4Front Ventures leases real estate properties and sells supplies to cannabis cultivators, processors and dispensaries in the United States & Canada. 4Front currently, owns, operates or manages six cultivation and production facilities and 11 retail facilities across eight states, and has merger & acquisition discussions are ongoing in California, Nevada, Connecticut, Arizona and Ohio. FFNT has developed two >50,000 square-foot indoor cultivation facilities in Washington with yields of more than 300g/sq feet. In Washington, 4Front operates one of the largest cannabis product manufacturing facilities in the world where it produces some of its top-selling brands of flower, edibles, and oil-based products.
- Market Cap: $419.4 Million
- 7 Day Total Return: -12.8%
- 30 Day Total Return: -37.5%
- 90 Day Total Return: -47.9%
TETHYAN RESOURCES PLC. (TSXV:TETH) – $0.40
Tethyan Resources is a junior exploration company operating in the Balkans. The Company holds 643 sq. km of land, 463 of which are located in the Raška mining district in Serbia. The Kizevak zinc-lead-silver project, located in the vicinity of a past-producing open-pit mine, completed a 1,000m drill program on August 22, 2018. On June 13, 2019 the Company announced the results from seven holes totalling 2,450 metres at the Rudnica copper-gold porphyry project in southwest Serbia. The results showed 142 metres at 0.51% copper and 0.31 grams per tonne (“g/t”) gold (hole RDD-012, from surface) and 335 metres at 0.36% copper and 0.31 g/t gold (hole RDD-014, from a depth of 68 metres). On July 19, 2019, Tethyan announced that it has completed the redomiciling of Tethyan Resources plc to British Columbia, Canada. In relation to this announcement, Tethyan Resources plc became a wholly owned subsidiary of Tethyan Resource Corp on July 18, 2019,
- Market Cap: $31.7 Million
- 7 Day Total Return: 8.6%
- 30 Day Total Return: -5%
- 90 Day Total Return: -36.7%
RISE GOLD CORP. (CNSX:RISE) – $0.07
Rise Gold is a junior gold explorer focused on its historic Idaho-Maryland mine in California. The mine historically produced 2.4M oz. Au between 1866 and 1955, with production peaking at 120,000 oz. Au/y. The Company holds ~3000 acres of land and several pre-existing facilities. Rise aims to continue its drilling program, which has thus far found results including 23.7 g/t Au over 4.5m and 10.9 g/t Au over 2.9m. On July 11, 2019 the Company announced it has completed the first tranche of the non-brokered private placement. Rise Gold raised $725,769 though the sale of 10,367,131 units at a price of $0.07 per Unit where each Unit consists of one share of common stock and on-half of one share purchase warrant. On August 20, Rise Gold announced that it has increase the size of a non-brokered private placement announced on July 3 from C$1.75M to $C4.5M.
- Market Cap: $13.5 Million
- 7 Day Total Return: -6.7%
- 30 Day Total Return: 7.7%
- 90 Day Total Return: 0%
MLI Marble Lending Inc. (CNSX:MRBL) – $0.24
MLI Marble Lending Inc helps Canadians rebuild their credit score in less than half the amount of time compared with the current method a Consumer Proposal (a Consumer Proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee). The Marble method works as follows; 1) Marble partners with Debt Solution companies to get borrowers the most competitive settlement. 2) Marble then pays out the full consumer proposal upfront, which gives borrowers an immediate boost to their credit score. 3) The lower debt reduces the principal of the debt owing, resulting in lower monthly payments for borrowers. 4) As borrowers repay their settlement, Marble offers incentives to help accelerate debt-settlement repayment. With this method, Marble believes its clients can rebuild their credit and re-enter mainstream banking in three years, as compared to the traditional Consumer Proposal process of eight years or more. On July 17, 2019, Marble announced it has agreed to acquire Score-Up Inc, a market-leading personal finance and credit management proprietary technology platform, and Credit Meds Corp., an Ontario-based credit coaching company that offers debt restructuring alternatives by utilizing its proprietary financial wellness diagnostic process.
- Market Cap: $12.8 Million
- 7 Day Total Return: 17.1%
- 30 Day Total Return: 11.6%
- 90 Day Total Return: 20%
GRANADA GOLD MINE INC. (TSXV:GGM) – $0.10
Granada Gold is a developer advancing its ~2,500 Ha Granada Gold property located in Quebec which includes two-exploration claims and two mining leases. The historical mine produced 51,500 oz Au, averaging 9.7 g/t Au and 1.5 g/t Ag, between 1930 and 1935, before a fire destroyed the mine’s surface structures. The property was sold to Granada in 2006. In 2007, the Company extracted a bulk sample grading 1.62 g/t of gold, with a 90% recovery rate. GGM is planning to release a Feasibility Study (FS) that aims to develop a producing mine with a capacity of 80,000-100,000 ounces of gold per year. On August 19, 2019, Granada Gold Mine commenced a drill program at the Granada Gold Mine property on the Cadillac Break in Quebec. Three surface-outcropping, mineralized structures have been defined.
- Market Cap: $7.1 Million
- 7 Day Total Return: -9.1%
- 30 Day Total Return: -16.7%
- 90 Day Total Return: 0%
POWER METALS CORP. (TSXV:PWM) – $0.09
Power Metals is a hard rock lithium explorer focused on its flagship Case Lake property, comprising 38 mining claims for 7,136 Ha, located 100 km north of Kirkland Lake, Ontario. An all-seasons access road encircles the property. Although limited to 83 current drilled holes, work-to-date indicates that spodumene pegmatites may occur throughout the property in dykes hosted by domes. On January 10, 2019, the Company announced its plans for a drill program at Paterson Lake in northwestern Ontario where it has two lithium drill targets. On March 21, 2019, the Company announced it started planning for metallurgical testing at Case Lake through an engagement with SGS Canada Inc. On July 30, 2019, Power Metals Corp announced that is has acquired 100% ownership of the Case Lake lithium property located 80km east of Cochrane, Ontario.
- Market Cap: $8.7 Million
- 7 Day Total Return: 0%
- 30 Day Total Return: 0%
- 90 Day Total Return: -5.3%
GOOD NATURED PRODUCTS INC. (TSXV:GDNP) – $0.16
Plastics and Packaging
Good Natured Products develops eco-friendly and renewable bioplastic (plant-based) packaging and products. The Company’s primary value proposition is to source and develop proprietary plant-based materials, and then make products utilizing the highest possible percentage of renewable content, as opposed to traditional petroleum-based plastics. Currently, the Company targets high growth in the bioplastics space by leveraging the increasing demand for plant-based packaging and products. Offering a suite of over 130 products, GDNP serves more than 100 national, regional and small business retailers, food producers & packaging distributors. On June 11, 2019, Good Natured Products announced that is has secured US$10M in growth capital from BDC Capital Inc to further accelerate organic growth. On August 27, Good Natured announced its financial results for Q2/19. These results featured revenues of $2.3M, an increase of ~15% from the previous quarter.
- Market Cap: $14.8 Million
- 7 Day Total Return: 0%
- 30 Day Total Return: 0%
- 90 Day Total Return: 42.9%
FURA GEMS INC. (TSXV:FURA) – $0.23
Fura Gems is a mining developer, the only publicly-listed company in the colour gemstone space. The Company operates two assets in the exploration phase, both located in the country which produces the most of its respective gem. Its Mozambican Ruby project, acquired in November 2017 and recently expanded, has completed 2,500m of drilling and plans a further 3,500m in the next phase. On May 15th, Fura Gems Inc announced their intentions to complete a private placement offering of up to 121,500,000 common shares of the company at a price of $0.25 per share for gross proceeds of up to $30,375,000.
- Market Cap: $31.1 Million
- 7 Day Total Return: 15%
- 30 Day Total Return: 35.3%
- 90 Day Total Return: 17.9%
NOVA LEAP HEALTH CORP. (TSXV:NLH) – $0.25
Nova Leap Health is a North American provider of personal home care and support services. The Company is focused on acquiring and organically growing Private Pay Non-Medical and Skilled Home Care Companies. Nova Leap’s post-acquisition organic growth strategy is to increase annual revenue per location through a combination of increased employee investment, including training, focused sales and marketing efforts, billing rate increases and expansion of geographical coverage. Since September 2017, the Company has completed eight acquisitions and now has operations in 9 locations within Vermont, New Hampshire, Rhode Island, Massachusetts, and Nova Scotia employing more than 450 employees. The Company announced its Q1/19 financial results on May 23, 2019 which showed record Q1 revenues of $3,911,855, which is Nova Leap’s 7th consecutive quarter of revenue growth.
- Market Cap: $15.3 Million
- 7 Day Total Return: 6.1%
- 30 Day Total Return: 0%
- 90 Day Total Return: -5.5%
Martello Technologies Group Inc. (TSXV:MTLO) – $0.39
Martello Technologies develops products and solutions that monitor, manage and optimize the implementation of real-time application on networks, while also providing IT teams and service providers with control and visibility of the whole IT infrastructure. Currently, the Company offers SD-WAN technology, network performance management software, and IT analytics software. The Company’s product portfolio has options for subscription-based offerings, hardware product offerings and software license fees. Martello has recently highlighted its growth in the hospitality industry with its products being deployed in thousands of hotels around the world to help provide reliable high-speed Internet access. On July 17, 2019, Martello Technologies reported its Q4/19 financial results. These results featured revenues of $3.4M, an increase of 35% from the previous quarter.
- Market Cap: $75.1 Million
- 7 Day Total Return: 2.6%
- 30 Day Total Return: -12.4%
- 90 Day Total Return: 62.5%
CANADA COBALT WORKS. (TSXV:CCW) – $0.30
Canada Cobalt Works is drilling one prospective property for Cobalt the Castle Mine, and is sampling two additional properties the Violet Mine, and Beaver Mine. Each property is located near Northern Ontario’s Cobalt camp near the town of Cobalt, Ontario, Canada’s most prolific cobalt district. The Company has a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations. Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt from extraction to recovery. On August 23, Canada Cobalt Works announced that it has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $500,000 at 30 cents per unit.
- Market Cap: $23.7 Million
- 7 Day Total Return: 13.7%
- 30 Day Total Return: -6.5%
- 90 Day Total Return: -9.4%
ELIXXER LTD. (TSXV:ELXR) – $0.08
Elixxer Ltd is a Canadian based investment holdings company focused on acquiring production, brands, and distribution in mature and emerging cannabis markets. Through its portfolio of companies, Elixxer Ltd focuses unique international markets, in addition high-margin products, which include edibles, concentrates, oils, vapes, CBD products. Elixxer Ltd’s holdings include; Tricho-Med a 31,000 sq. ft cannabis greenhouse in Quebec, to be operational by early 2019. Global Canna Labs a 220,000 sq. ft outdoor/greenhouse operation in Jamaica with the potential to yield 25,000 kg, Evolution BnK a 70,000 sq. ft greenhouse in Italy with potential production of 7,000 kg, EasyJoint an Italian vertically integrated cannabis producer with a network 450 retail stores, Virindi unit a Swiss vertically integrated producer, and Little Green Pharma, Australia’s largest licensed producer in terms of production capacity. On July 15, 2019 the Company announced that Health Canada gave Trichomed Corporation its license to cultivate cannabis seeds and plants at its new facility in Brownsburg, Quebec. On July 30, 2019, the Company announced that the TSX Venture Exchange has approved the change of the Company from LGC Capital Ltd to Elixxer Ltd.
- Market Cap: $39.3 Million
- 7 Day Total Return: -12.5%
- 30 Day Total Return: -17.6%
- 90 Day Total Return: -30%
HEMISPHERE ENERGY CORP. (TSXV:HME) – $0.10
Oil & Gas Exploration and Production
Hemisphere Energy is a Canada-based oil producer operating in eastern Alberta. The Company holds 24,000 net acres in the Atlee Buffalo and Jenner oil pools with an average 100% working interest. The Company has drilled 12 wells in 2018, and on Sept 20, 2018, reported that its average production for the week of Sept 8-14 averaged 1,430 boe/d (98% oil). On May 28, 2019 the Company announced its Q1/19 financial results which showed a record revenue of $6.4M, a 90% increase from Q1/18. On August 21, 2019, Hemisphere Energy announced its financial and operating results for Q2/19. These results featured revenues of $7.4M, an increase of 15.6% from the previous quarter.
- Market Cap: $9 Million
- 7 Day Total Return: 5.3%
- 30 Day Total Return: -9.1%
- 90 Day Total Return: -23.1%
VIEMED HEALTHCARE INC. (TSX:VMD) – $8.32
Health Care Services
Viemed, through its subsidiaries, provides in-home durable medical equipment and health care solutions to patients across over 29 states in the US. Viemed offers customers requiring respiratory services and related equipment an appropriate selection of home medical products including non-invasive ventilators, positive airway pressure machines and oxygen units. VMD also provides in-home sleep apnea testing, allowing a patient to determine the existence of sleep apnea at home at a fraction of the cost of the traditional sleep lab environment. On August 9, Viemed reported its financial results for Q2/19. These results featured total revenues of $22.5M, an increase of 10.3% from the previous quarter and beating analyst estimates of $21.4M. The Company also reported earnings per share of $0.05, down from $0.06 the previous quarter.
- Market Cap: $314 Million
- 7 Day Total Return: -4.8%
- 30 Day Total Return: -16.9%
- 90 Day Total Return: -10.9%
TOUCHSTONE EXPLORATION INC. (TSX:TXP) – $0.26
Oil & Gas Exploration and Production
Touchstone Exploration Inc is a Canadian-based oil and gas producer with wells in Trinidad and Tobago. It focuses on onshore drilling, currently operating 10 producing blocks and 208 drilling locations. The Company’s properties currently produce ~1,800 bbls/d and host proven and probable reserves of 18.5M bbl. In October, Touchstone provided an operational update, delivering 2015 barrels per day of crude oil for the first nine days of October 2018. On August 14, 2019, Touchstone Exploration Inc announced its financial and operational results for Q2/19. These results featured total revenues of $6.9M, a decrease of 14.4% from the previous quarter.
- Market Cap: $41.8 Million
- 7 Day Total Return: 8.2%
- 30 Day Total Return: -1.9%
- 90 Day Total Return: 0%
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