Penny Stock Picks | October 18

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    TriMetals Mining Inc (TSX:$TMI)

    In anticipation of completing a 125-hole drill program and an updated resource estimate for its Gold Springs project, TriMetals could see its share price move up when news comes out. Last month, the company released positive drill results from Gold Springs, including 21.3 meters of 1.57 g/t gold equivalent.

    Average Volume: 55,390

    Market Cap: $51.29 million

    P/E Ratio (TTM): 2.62

    EPS (TTM): $0.0631

     

    Firan Technology Group Corp (TSX:$FTG)

    The company was awarded a multimillion-dollar contract on October 17 from CAE USA for the development and delivery of simulated C-130 cockpit control devices. A contract announcement like this is typically followed up with short-term gains.

    Average Volume: 55,420

    Market Cap: $75.99 million

    P/E Ratio (TTM): 48.21

    EPS (TTM): $0.0697

     

    Diversified Royalty Corp (TSX:$DIV)

    Yesterday, the company announced that it intends to raise up to $50 million under a bought deal financing for potential future acquisitions. There could still be an upward price momentum in the short term due to strong buying pressure.

    Average Volume: 418,730

    Market Cap: $343.74 million

    P/E Ratio (TTM): 35.28

    EPS (TTM): $0.0918

     

    Lithium Americas Corp (TSX:$LAC)

    For the past year, Lithium Americas’ stock has been on an upward swing, despite the company having few catalytic events that could have driven up its shares. This can be attributed to the surging demand for lithium, and as the entire lithium sector keeps moving in a positive direction, so will Lithium Americas.

    Average Volume: 1.38 million

    Market Cap: $740.59 million

    P/E Ratio (TTM): N/A

    EPS (TTM): -$0.0951

     

    Reitmans (Canada) Ltd (TSX:$RET)

    Even with last week’s news that Sears Canada is closing up shop, apparel maker Reitmans may still have room to grow. The company posted similar sales numbers for its most recent quarter compared with the same quarter last year, despite having 55 fewer stores. Also, BMO Capital Markets has set a target price of $5.00 for the company’s shares.

    Average Volume: 13,910

    Market Cap: $282.97 million

    P/E Ratio (TTM): 25.80

    EPS (TTM): $0.1744  

     

    Featured Image: Depositphotos/© Violka08

    Author Jackson Chen
    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.