Penny Stock Picks | October 13

Trinidad Drilling Ltd. (TSX:$TDG)

The company recently announced a 23 million share buyback, leading to a slight drop in its share price. In August, it completed a US$30 million acquisition of RigMinder Operating LLC and its drilling-related platforms, expanding the company’s product offering.

Average Volume: 869,560

Market Cap: $452.57 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.2812

 

Redknee Solutions Inc. (TSX:$RKN)

Redknee Solutions’ shares went up 3.2% on Friday, closing at $0.96 per share. The company recently completed a $68 million financing and plans to raise another $28 million, with proceeds used for its business restructuring.

Average Volume: 559,650

Market Cap: $243.6 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.7255

 

Osisko Mining Inc. (TSX:$OSK)

The company entered an agreement yesterday to assign its interest in two exploration-stage properties to Canadian Gold Miner Corp. Upon completion of the deal, Osisko is expected to hold approximately 19.9% of CGM.

Average Volume: 632,370

Market Cap: $934.99 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.0634

 

Stornoway Diamond Corp. (TSX:$SWY)

Stornoway recently released production results for its Renard diamond mine in Quebec. Production at the mine amounted to 442,154 carats for Q3 2017; 438,632 carats were sold for $51.6 million.

Average Volume: 455,320

Market Cap: $630.34 million

P/E Ratio (TTM):17.61

EPS (TTM): $0.0432

 

Precision Drilling Corp. (TSX:$PD)

Precision Drilling’s shares jumped by 1.9% on Friday to $3.23 at market close. The oil and gas services company is expected to release its Q3 results in two weeks.

Average Volume: 2.26 million

Market Cap: $929.57 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.4663

 

Featured Image: depositphotos/ Frankjunioe

About the author: In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.