Stocks hitting 52-week lows may or may not be a bargain,but the ones that surge higher from that bottom definitely have momentum on its side. Today SmallCapPower has shortlisted three Canadian small cap stocks that have soared 100% or more since hitting a 52-week low.
Airboss of America Corp. (TSX: BOS) – $15.35
Tires & Rubber Products
AirBoss of America Corp. (Airboss) is a Canada-based company. It operates in three business segments including AirBoss Rubber Compounding, AirBoss- Defense, and AEP Industrial Products. AirBoss Defense specializes in hand; foot and respiratory protective wear for Chemical Biological Radiological Nuclear (CBRN) protection for both military and first response applications. The Company manufactures extruded, calendared, cushions gum, and compression molded rubber products for a wide range of industrial applications. AirBoss is one of North America’s custom rubber mixers with the capacity to supply over 250 million pounds annually.
- Market Cap: $353,030,966
- 52-Week Range: $7.33 – $15.50
Carmanah Technologies Corp. (TSX: CMH) – $4.50
Renewable Energy Equipment & Services
Carmanah Technologies Corporation (Carmanah) is engaged in the business of developing and distributing renewable and energy-efficient technologies. The Company operates in six segments. The traffic segment is engaged in providing solar Light Emitting Diode (LED) flashing beacons for various roadway applications, mainly focused on the North American market. The marine segment is engaged in selling a range of marine lighting solutions across the world. Aviation/Obstruction is involved in selling LED aviation and obstruction lighting across the world. Outdoor Lighting is engaged in providing LED lighting systems for off-grid lighting applications, including street, parking lot, park and pathway applications. The GoPower segment offers mobile power solutions for the North American market, which include solar chargers, inverters, regulators and power accessories. The Solar EPC Services unit is involved in the design, procurement and construction of grid-connected solar power systems in the Canadian industrial market.
- Market Cap: $76,396,779
- 52-Week Range: $1.70 – $4.52
Aurinia Pharmaceuticals Inc. (TSX: AUP) – $6.65
Biotechnology & Medical Research
Aurinia Pharmaceuticals Inc., formerly Isotechnika Pharma Inc., is a Canada-based biopharmaceutical company focused on the development of its therapeutic immunomodulating drug candidate, voclosporin, for the treatment of lupus nephritis. Its lead drug, voclosporin, is an immunosuppressant effective in indications, such as prevention of rejection in renal transplantation and for lupus nephritis (LN). LN is an inflammation of the kidneys that if inadequately treated can lead to end-stage renal disease, making LN a serious and potentially life-threatening condition.
- Market Cap: $211,589,627
- 52-Week Range: $2.75 – $6.74
Source: Thomson Reuters
