The Canadian penny stocks on our list today have been growing at a staggering pace
SmallCapPower | May 26, 2017: Penny stocks, defined here as illiquid stocks trading at below $5 per share, can result in large gains in a short period as one big buyer can move the stock significantly. These stocks also come with a significant amount of risk as one large seller could negatively impact the stock price. The penny stocks we have identified today have seen significant revenue growth over the past five years, which could prompt more buying and even sharper share-price appreciations.
Cortex Business Solutions Inc. (TSXV: CBX) – $3.70
Online Services
Cortex Business Solutions Inc. (Cortex) is a Canada-based company, which is engaged in the business of e-commerce products and services that streamlines procurement and supply chain processes for its customers in both Canada and the United States. The Company offers an online network that helps companies connect and interact with each other to transmit documents to manage their businesses through the augmented exchange of documents. The Cortex Network provides a document exchange process for industries with complicated procurement practices.
- Market Cap: $33,005,239
- Total Revenue (LTM): $9,823,520
- Debt to Equity: 0.0%
- YTD Price Change: 23.3%
- 5 Yr Revenue CAGR: 29.3%
Conifex Timber Inc. (TSX: CFF) – $3.10
Forest & Wood Products
Conifex Timber Inc. is a forestry company. The Company’s segments include Lumber, Bioenergy and Corporate & other. The Lumber segment’s primary activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber finishing. In its Lumber segment, the Company owns three sawmill complexes in British Columbia, one in Fort St. James and two in Mackenzie. The Company markets and distributes its lumber products through its subsidiaries, Conifex Fibre Marketing Inc., Lignum Forest Products LLP and Navcor Transportation Services Inc. Its lumber products are sold in the United States, Chinese, Canadian and Japanese markets.
- Market Cap: $80,954,683
- Total Revenue (LTM): $409,307,700
- Debt to Equity: 74.2%
- YTD Price Change: 2.3%
- 5 Yr Revenue CAGR: 62.2%
Sterling Resources Ltd. (TSXV: SLG) – $0.94
Forest & Wood Products
Sterling Resources Ltd. is a Canada-based energy company engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, crude oil and natural gas. The Company’s geographical segments include Canada, United Kingdom and Other International. Its assets include Breagh and Cladhan. The Breagh field is located in the Southern North Sea, Block 42/13a approximately 100 kilometers offshore the English coast near Teesside. The Breagh field has over eight wells under production.
- Market Cap: $137,269,529
- Total Revenue (LTM): $60,848,644
- Debt to Equity: 15.2%
- YTD Price Change: 56.7%
- 5 Yr Revenue CAGR: 46.7%
ProntoForms Corp. (TSXV: PFM) – $0.40
Software
ProntoForms Corporation is a Canada-based company, which researches, develops and markets mobile business solutions. The Company operates through mobile computer software solutions segment. The ProntoForms Solution is a mobile workflow platform used by approximately 50,000 subscribers in over 3,500 businesses to collect and analyze field data with smartphones and tablets. The platform is a software as a service solution for mobilizing business processes. The Company’s products include ProntoForms App and ProntoForms Web Portal.
- Market Cap: $37,470,173
- Total Revenue (LTM): $11,787,890
- Debt to Equity: 467.3%
- YTD Price Change: 48.1%
- 5 Yr Revenue CAGR: 42.0%
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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