‘Cash is King’ and without the necessary capital a company’s survival is questionable. Pair this with a largely negative net income and over-speculation from the market, and you’ve got yourself a highly risky stock, which include these four companies.
Electrovaya Inc. (TSX: EFL) – $0.38
Electrical Components & Equipment
Electrovaya Inc. is a Canada-based company engaged in designing, developing and manufacturing Lithium Ion SuperPolymer batteries, battery systems and energy storage related products for the clean electric transportation, portable energy, utility scale energy storage, smart grid power, consumer and healthcare markets. The Company’s technology includes a manufacturing process that does not use toxic chemicals.
- Market Cap: $30,106,715
- Cash and Short Term Investments: $1,662,000
- Net Income: -$5,790,819
- EV/EBITDA: 1,090.9x
Destiny Media Technologies Inc. (TSXV: DSY) – $0.52
IT Services & Consulting
Destiny Media Technologies Inc., is a digital media company. The Company, through its subsidiaries develops and markets services that enable the distribution of digital media content over the Internet. The Company’s services are based on security, watermarking and playerless streaming media technologies.
- Market Cap: $27,556,814
- Cash and Short Term Investments: $630,180
- Net Income: -$513,764
- EV/EBITDA: 270.3x
Cargojet Inc. (TSX: CJT) – $26.20
Air Freight & Courier Services
Cargojet Inc (Cargojet) is a Canada-based company and a provider of air cargo service. The Company’s network consolidates cargo received from over 400 customers and carries over 750,000 pounds of cargo each business night across North America’s network. In 2013, Cargojet operated approximately 7,000 flights.
- Market Cap: $245,325,141
- Cash and Short Term Investments: $0
- Net Income: -$9,524,660
- EV/EBITDA: 72.9x
PetroShale Inc. (TSXV: PSH) – $1.25
Oil & Gas Exploration and Production
Petroshale Inc. is a Canada-based oil-weighted development and production company engaged in acquisition, development and consolidation of interests in the areas of the North Dakota Bakken. The Company’s focus is on land interests with near term drilling exposure.
- Market Cap: $34,236,516
- Cash and Short Term Investments: $339,000
- Net Income: -$5,054,000
- EV/EBITDA: 38.6x
