Irving Resources And 2 Other Top TSX Penny Stocks

Simply Wall St.10-23

Over the last 7 days, the Canadian market has risen by 1.0%, and over the past year, it has climbed 27%, with earnings forecasted to grow by 16% annually. In this context of growth, identifying stocks...

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In this context of growth, identifying stocks...</p>\n\n<a href=\"https://finance.yahoo.com/news/irving-resources-2-other-top-210727575.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Irving Resources And 2 Other Top TSX Penny Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIrving Resources And 2 Other Top TSX Penny Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 05:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/irving-resources-2-other-top-210727575.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Over the last 7 days, the Canadian market has risen by 1.0%, and over the past year, it has climbed 27%, with earnings forecasted to grow by 16% annually. In this context of growth, identifying stocks...</p>\n\n<a href=\"https://finance.yahoo.com/news/irving-resources-2-other-top-210727575.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLDG","symbol_name":"GoldMining Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/irving-resources-2-other-top-210727575.html","article_id":"2477391885","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hHa1.rnFIozE8uk1FxFmIg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/7a92075e7c274cfc915511d1e9d413e3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477391885","pubTimestamp":1729631247,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Over the last 7 days, the Canadian market has risen by 1.0%, and over the past year, it has climbed 27%, with earnings forecasted to grow by 16% annually. In this context of growth, identifying stocks with solid financial foundations is crucial for investors seeking value and potential upside. Penny stocks, though a somewhat outdated term, remain relevant as they often represent smaller or newer companies that can offer substantial growth opportunities when backed by strong fundamentals.Click here to see the full list of 947 stocks from our TSX Penny Stocks screener.Overview: Irving Resources Inc. is a junior exploration stage company focused on acquiring and exploring mineral properties in Canada and Japan, with a market cap of CA$27.61 million.Explore historical data to track Irving Resources' performance over time in our past results report.Overview: Foraco International SA, with a market cap of CA$221.84 million, offers drilling services across North America, Europe, the Middle Eas","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLDG":"GoldMining Inc","BK4017":"黄金"},"translate_title":"欧文资源公司和其他2只多伦多证券交易所顶级细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLDG":0.9},"content_text":"Over the last 7 days, the Canadian market has risen by 1.0%, and over the past year, it has climbed 27%, with earnings forecasted to grow by 16% annually. In this context of growth, identifying stocks with solid financial foundations is crucial for investors seeking value and potential upside. Penny stocks, though a somewhat outdated term, remain relevant as they often represent smaller or newer companies that can offer substantial growth opportunities when backed by strong fundamentals.\nTop 10 Penny Stocks In Canada\n\n\n\nName\nShare Price\nMarket Cap\nFinancial Health Rating\n\n\nPetroTal (TSX:TAL)\nCA$0.67\nCA$620.88M\n★★★★★★\n\n\nFindev (TSXV:FDI)\nCA$0.42\nCA$11.75M\n★★★★★☆\n\n\nWinshear Gold (TSXV:WINS)\nCA$0.18\nCA$4.4M\n★★★★★★\n\n\nMandalay Resources (TSX:MND)\nCA$3.34\nCA$297.04M\n★★★★★★\n\n\nPulse Seismic (TSX:PSD)\nCA$2.37\nCA$119.71M\n★★★★★★\n\n\nAmerigo Resources (TSX:ARG)\nCA$1.80\nCA$303.41M\n★★★★★☆\n\n\nForaco International (TSX:FAR)\nCA$2.37\nCA$221.84M\n★★★★★☆\n\n\nEast West Petroleum (TSXV:EW)\nCA$0.04\nCA$3.17M\n★★★★★★\n\n\nNewport Exploration (TSXV:NWX)\nCA$0.115\nCA$12.14M\n★★★★★★\n\n\nNamSys (TSXV:CTZ)\nCA$1.11\nCA$30.89M\n★★★★★★\n\n\n\nClick here to see the full list of 947 stocks from our TSX Penny Stocks screener.\nBelow we spotlight a couple of our favorites from our exclusive screener.\nIrving Resources\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: Irving Resources Inc. is a junior exploration stage company focused on acquiring and exploring mineral properties in Canada and Japan, with a market cap of CA$27.61 million.\nOperations: Currently, there are no reported revenue segments for this junior exploration stage company focused on mineral properties in Canada and Japan.\nMarket Cap: CA$27.61M\nIrving Resources Inc., a pre-revenue junior exploration company, remains debt-free with short-term assets of CA$3.6 million exceeding both its short and long-term liabilities. Despite being unprofitable, it has reduced losses over the past five years by 14.9% annually. The company's share price has been highly volatile recently, and shareholders experienced a 3.7% dilution in the past year. Irving's strategic alliance with Newmont Overseas Exploration Limited and Sumitomo Corporation forms a joint venture for its Yamagano and Noto properties, positioning it as an initial manager with potential future management by Newmont.\n\nGet an in-depth perspective on Irving Resources' performance by reading our balance sheet health report here.\nExplore historical data to track Irving Resources' performance over time in our past results report.\n\n\n\n\n  CNSX:IRV Financial Position Analysis as at Oct 2024\n \n\nForaco International\nSimply Wall St Financial Health Rating: ★★★★★☆\nOverview: Foraco International SA, with a market cap of CA$221.84 million, offers drilling services across North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.\nOperations: The company's revenue is derived from two main segments: Mining, which contributes $297.61 million, and Water, which accounts for $39.01 million.\nMarket Cap: CA$221.84M\nForaco International SA, with a market cap of CA$221.84 million, demonstrates mixed financial health as a penny stock. Despite negative earnings growth last year, the company has shown profitability over five years with a 42.1% annual increase in earnings. Its debt-to-equity ratio has improved significantly from 370.2% to 105.4% over five years, although it remains high at 81%. The company’s interest payments are well-covered by EBIT and operating cash flow covers its debt adequately at 41.4%. Foraco's recent share buyback program reflects strategic capital management amid stable weekly volatility and high-quality earnings.\n\nJump into the full analysis health report here for a deeper understanding of Foraco International.\nUnderstand Foraco International's earnings outlook by examining our growth report.\n\n\n\n\n  TSX:FAR Debt to Equity History and Analysis as at Oct 2024\n \n\nGoldMining\nSimply Wall St Financial Health Rating: ★★★★☆☆\nOverview: GoldMining Inc. is a mineral exploration company that focuses on acquiring, exploring, and developing gold assets in the Americas, with a market cap of CA$257.79 million.\nOperations: GoldMining Inc. currently does not report any revenue segments.\nMarket Cap: CA$257.79M\nGoldMining Inc., with a market cap of CA$257.79 million, remains pre-revenue and unprofitable, facing challenges typical of penny stocks. The company has no debt and its short-term assets cover both short- and long-term liabilities, but it has less than a year of cash runway based on current free cash flow trends. Recent exploration at the São Jorge Project in Brazil shows promising gold and copper mineralization potential, yet significant insider selling occurred recently. Despite being added to the S&P Global BMI Index, shareholder dilution by 8% over the past year highlights ongoing financial pressures.\n\nDive into the specifics of GoldMining here with our thorough balance sheet health report.\nExplore GoldMining's analyst forecasts in our growth report.\n\n\n\n\n  TSX:GOLD Debt to Equity History and Analysis as at Oct 2024\n \n\nSumming It All Up\n\nDive into all 947 of the  TSX Penny Stocks we have identified here.\nAre you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.\nSimply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.\n\nReady To Venture Into Other Investment Styles?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nJump on the AI train with fast growing tech companies forging a new era of innovation.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nCompanies discussed in this article include CNSX:IRV TSX:FAR and TSX:GOLD.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477391885"}