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7 Cheap Stocks Under $10 That Are Actually Worth Your Time

Investors’ initial reaction to stocks with prices under $10 is that they are “penny stocks” or tiny companies. But low prices don’t mean they’re…

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This article was originally published by Investor Place

Investors’ initial reaction to stocks with prices under $10 is that they are “penny stocks” or tiny companies. But low prices don’t mean they’re tiny companies (the real definition of a penny stock). These cheap stocks are companies with market caps of $1 billion or more.

These picks are small- and mid-cap companies that are respected names and real companies in their respective sectors. The price of these stocks gives us two advantages. First, small-caps and mid-cap stocks are usually the best picks for strong economic growth. Second, these low prices mean institutional investors aren’t holding huge positions in them.

These cheap stocks do well in boom times because they’re small enough and focused enough that when they grow, they grow much faster proportionately than their larger competitors. These are focused stocks in hot sectors.

And without a lot of institutional support because of their low prices, it means there’s plenty of room to grow before the big guys take an interest. Because when they do, these stocks will soar … if they’re not bought out by a major competitor beforehand.

  • Crescent Point Energy (NYSE:CPG)
  • Denison Mines (NYSEAMERICAN:DNN)
  • HIVE Blockchain Technologies (NASDAQ:HIVE)
  • ICL Group (NYSE:ICL)
  • Meta Materials (NASDAQ:MMAT)
  • Prospect Capital (NASDAQ:PSEC)
  • RPC Inc (NYSE:RES)

Cheap Stocks: Crescent Point Energy (CPG)

miniature oil barrel and oil well figures on top of stack of moneySource: Shutterstock

One sector that’s hot right now is energy. And the best place to be when the oil patch is hot is the “upstream” or exploration and production (E&P) sector. There’s a fixed cost for getting oil and natural gas out of the ground. And as prices rise, margins for these E&P companies rise.

CPG is a Canadian E&P with a $2.7 billion market cap. It has been around for about two decades now and drills predominantly in southern Saskatchewan province. With restricted supplies from the Organization of the Petroleum Exporting Countries (OPEC) nations, North America is encouraging more domestic drilling, which is great news for CPG.

CPG stock is also doing well with this rising energy demand. It’s up 93% year-to-date (YTD) and 152% in the past 12 months. Yet the stock is still trading at a current price-to-earnings ratio (P/E) of just 1.5x and it still has a 2% dividend.

This stock has an ‘A’ rating in my Portfolio Grader.

Denison Mines (DNN)

periodic table concept with black cubes. uranium element is glowingSource: Shutterstock

In the crazy energy markets we’re in, there has also been a big push to look for alternative energy sources to power utility-scale power demand. Solar and wind has been making news for a while. But new nuclear power stations are now coming to market.

The old nuclear power stations were very difficult to build and maintain. The new generation are smaller, safer and easier to site. They’re also scalable, so you can power a small town with a small reactor instead of building a massive reactor and then shipping power all over the place. Bill Gates is funding a new generation reactor in Wyoming that will be up and running very soon.

DNN is a Canadian company and is one of a handful of uranium miners in North America. This is a strategic advantage because having this resource close to home means the U.S. doesn’t need to depend on unstable nations or competitors for uranium.

The stock has a $1.2 billion market cap and it’s profitable. But the recent run – it’s up 147% YTD – means it’s a bit expensive. However, earnings will quickly catch up as more next-gen reactors begin to launch.

This stock has an ‘A’ rating in my Portfolio Grader.

Cheap Stocks: HIVE Blockchain Technologies (HIVE)

An abstract concept image for blockchain and cryptocurrencies.Source: Shutterstock

Few sectors have been hotter in the past few years than blockchain and cryptocurrencies. HIVE has been mining coins for many years at this point. And the business has been built with the capital markets in mind. That means it has a disciplined structure so mining costs are low and it can hold onto mined coins until it’s advantageous to sell them at maximum profit.

Also, with operations in Iceland, Sweden and Canada, it has built out its mining operations from green resources, so it’s well prepared for the rise in ESG investing. The interim CEO is Frank Holmes, who is long-time CEO and CIO of mutual fund company U.S. Global Investors, which has been a mainstay for many years.

HIVE stock has a $1.5 billion market cap and it has risen 102% YTD. But it’s still trading at a current P/E of just 15x, which means there’s still plenty of value here. That’s particularly true as the crypto market continues to gain more credibility with financial institutions and their regulators.

This stock has an ‘A’ rating in my Portfolio Grader.

ICL Group (ICL)

a tractor tire pictured in a field on the tractorSource: Shutterstock

This is the standout in this group of cheap stocks because it has the highest market cap of them all, at $12 billion. It’s an Israel-based company that’s one of the largest fertilizer companies in the country, yet almost all of its business comes from exports.

Potash and other fertilizers are in great demand as commodity prices, which include agricultural products, are on the rise. That means increasing yields for farmers means more profits. And fertilizers are crucial in increasing yields.

Certainly this isn’t a sexy sector, but it’s absolutely crucial to the global economy. And ICL still deserves its cheap stocks membership given the fact that it’s up almost 90% YTD, yet has a P/E below 22x. And it still has a 1.6% dividend.

This stock has an ‘A’ rating in my Portfolio Grader.

Cheap Stocks: Meta Materials (MMAT)

Augmented reality, app showing map, calories and speed onto a lens.Source: Yuriy Golub / Shutterstock.com

What’s in a name? How about a next generation company solving problems for next generation challenges?

For example, 5G telecom technology is completely different than the 3G and 4G technologies that preceded it. In dense urban environments it’s particularly challenging to get signals inside of buildings and down to the road. MMAT has developed a film for building glass that allows the 5G signal to penetrate while keeping the heat and glare from the sun at bay. Many conventional window treatments block the signal as well as the light.

It has similar applications that are similarly next level for aerospace and defense, automotive, consumer electronics, healthcare and other industries.

Perhaps some of the enthusiastic buying is due to the name change that Facebook has undergone, but it’s also part of the meme stock buzz. But it isn’t just a flash in the pan. It has some real tech to back its ambitions.

MMAT has risen 178% YTD and has a $1.2 billion market cap at this point. It’s an aggressive stock but it has high hopes.

This stock has an ‘A’ rating in my Portfolio Grader.

Prospect Capital (PSEC)

Three people sit around a table holding financial charts and a tablet device.Source: Shutterstock

Business development companies (BDCs) are structured to comply with the Investment Company Act of 1940. They’re kind of a cross between a private equity fund and a real-estate investment trust (REIT).

Basically, BDCs have to have at least 70% of their assets invested in public or private companies with valuations of less than $250 million. BDCs were a way the federal government has encouraged private investment in smaller U.S. firms.

In this type of market, BDCs can be very attractive investments since they either loan money to the promising companies in their portfolios or they take equity stakes, or a combination of the two. This is also a great way for the average investor to access up and coming companies without having to come up with six-digit investments.

BDCs also have to pay out 90% of their profits to shareholders. Usually they do this in the form of a big dividend. PSEC has an 8% dividend. The stock is up 62% YTD, yet it has a P/E below 4x. The momentum is heading in the right direction for PSEC.

This stock has an ‘A’ rating in my Portfolio Grader.

Cheap Stocks: RPC Inc (RES)

Pipelines in the desertSource: bht2000 / Shutterstock.com

We end this list of cheap stocks where we started, with energy stocks. RES is a U.S.-based E&P services firm for major drillers. That means it supplies the equipment and services need to run wells and other equipment in and around drill sites.

Given the great demand for more drilling these days, RES is in perfect position to take advantage. It’s the only stock here that is below a $1 billion market cap, but not by very much. And in this case it means any growth will have an even bigger effect to its bottom line, and stock price.

RES stock is up 22% YTD and should see significant growth in coming quarters.

On the date of publication, Louis Navellier has positions in PSEC in this article. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

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Energy & Critical Metals

Canadian Lithium Developer Receives US$100 Million Equity Infusion from Leading US Investment Group

Source: Streetwise Reports   11/24/2021

Standard Lithium Ltd.’s shares rose 22% after the firm reported that a Koch Investments Group subsidiary…

Source: Streetwise Reports   11/24/2021

Standard Lithium Ltd.‘s shares rose 22% after the firm reported that a Koch Investments Group subsidiary has agreed to make a strategic investment in the company of CA$127.07 million via a direct private placement.

Lithium project developer Standard Lithium Ltd. (SLI:TSX.V; SLI:NYSE American), which is engaged in development, extraction and production of lithium carbonate, today announced that “Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, will make a US$100 million investment in Standard Lithium through a direct private placement to support the company’s strategic development goals.”

The companies noted that the KSP’s decision to invest in Standard Lithium was made after extensive due diligence regarding Standard’s LiSTR DLE technology, its Lanxess project’s demonstration plant and its project development plans.

In addition to the direct equity investment, the two firms expect to pursue strategic opportunities with other Koch Industries affiliate companies to achieve Standard Lithium’s project development objectives. Specifically, the firms mentioned that Koch Engineered Solutions (KES) will be an excellent collaborative partner that can provide key process equipment, engineering, procurement, and construction services and Koch Minerals & Trading (KM&T) is well suited to handle trading of required materials and lithium products produced.

The company advised that the net proceeds from the investment will be used to continue and accelerate its first commercial Lanxess facility project and to advance its South West Arkansas Lithium Project. The funds will also be utilized to further improve and commercialize Standard’s modern lithium extraction and processing technologies that in turn will allow for even greater project expansion.

Standard Lithium’s CEO Robert Mintak commented, “We’re entering an important phase for Standard Lithium and we’re thrilled to be starting it with a globally recognized industrial leader like Koch Strategic Platforms as a partner…KSP has an impressive track record of investing in disruptive technologies and their backing is an important endorsement of the Company’s core technology, development plans and of our intent to make the Gulf Region a leading supplier of lithium resources.”

Koch Strategic Platforms’ President David Park remarked, “KSP is focusing on investing in companies with strong tailwinds that are disrupting the market as we know it. We are excited to invest in Standard Lithium as they pave a path forward towards lithium production here in the U.S. This is an exciting time for energy transformation and we believe KSP’s investment in Standard Lithium can help accelerate the production of lithium resources right here at home.”

The report indicated that through a direct private placement, KSP will invest a total of CA$127.07 million (US$100.0 million) in Standard Lithium. In exchange, KSP will receive 13,480,083 of Standard Lithium’s common shares at a price of CA$9.43 (US$7.42). The transaction is conditional upon adherence to certain statutory resale restrictions under U.S. and Canadian securities laws and remains subject to ordinary closing conditions and approval from TSX Venture Exchange.

Standard Lithium Ltd. is a lithium development and production company headquartered in Vancouver, B.C. The firm at present is engaged in testing and proving commercial viability of lithium extraction from greater than 150,000 acres of permitted brine operations at its Lanxess Project in southern Arkansas. The firm stated that at its flagship Lanxess south plant facility, it has it has commissioned “a first-of-a-kind industrial-scale direct lithium extraction demonstration plant that utilizes its proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine.”

The company mentioned that its processes are environmentally friendly as there is no need to build evaporation ponds. In addition, Standard’s methods significantly reduce processing time and enhance lithium recovery yields. The firm noted that it is also actively pursuing a 30,000-acre property package of lithium resources in southwest Arkansas offering brine leases as well as 45,000 acres of mineral leases in San Bernardino Co., Calif.

Koch Strategic Platforms has offices in Atlanta, Ga. and Wichita, Kan. and is one Koch Investments Group’s six key subsidiaries along with Koch Asset Management, Koch Disruptive Technologies, Koch Equity Development, Koch Investment Management and Koch Real Estate Investments. KSP was established in 2020 with its efforts centered around making key strategic investments in both public and private high-growth companies across many industries that demonstrate innovative and disruptive potential.

Standard Lithium started the day with a market cap of around $1.3 billion with approximately 147.4 million shares outstanding. SLI shares opened more than 11% higher Friday at $9.68 (+$0.98, +11.26) over Thursday’s $8.70 closing price. The stock traded Friday between $9.18 and $10.74 per share and closed for trading at $10.63 (+$1.93, +22.18%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

 

( Companies Mentioned: SLI:TSX.V; SLI:NYSE American,
)





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Economics

2 Mining Stocks To Watch This Week

Will these mining stocks make your watchlist? At the moment, there are…
The post 2 Mining Stocks To Watch This Week appeared first on Gold Stocks to…

Will these mining stocks make your watchlist?

At the moment, there are concerns about inflation when it comes to mining stocks, and no one knows what impact this will have. However, if there is a significant amount of inflation, it will likely affect most, if not all, mining equities. There are still a lot of mining equities that are rising in value right now. These businesses often do well when the products they seek become more expensive.

Developing an investment strategy can be really useful. While more detailed information is accessible, let’s stick to the basics of mining business tracking. Keeping up with global happenings is crucial when investing in mining firms. This is especially true in 2021 due to the epidemic. Sector news is also important when it comes to investing in these shares. So which mining stocks are performing well right now?

Sandstorm Gold Ltd. (NYSE: SAND)

Sandstorm Gold is a gold royalty company that buys gold and other commodities from various mining companies. The companies in question are building or operating mines in varying stages of development. Sandstorm pays for gold streams or royalties in advance and has the right to purchase a portion of the mine’s output for the duration of the mine’s life.

On October 6th, the firm announced that it has increased its credit facility to $350 million. The ESG Revolving Loan includes terms for incentive pricing that are tied to sustainability. Sandstorm will be able to cut borrowing costs by up to 5 basis points if its sustainability goals are satisfied.

Chief Financial Officer of Sandstorm, Erfan Kazemi said, “We’re pleased to announce that Sandstorm is the first royalty company with a credit facility linked to sustainability goals. With this credit agreement, the Company is helping to lead a new era of corporate lending that benefits shareholders while promoting corporate responsibility.” Noting this info, will SAND be on your list of mining stocks to watch?

Eldorado Gold Corporation (NYSE: EGO)

Eldorado Gold Corporation is a company that specializes in mineral resource exploration, acquisition, development, production, and sale. Gold, silver, lead, zinc, and iron ores are among Eldorado’s key interests. It now operates five mines: Kisladag and Efemcukuru in Turkey, Lamque in Canada, Olympias and Stratoni in Greece.

Eldorado announced the start of a $500 million senior notes offering due in 2029 on August 9th. The money will be used to pay down the company’s $234 million 9.500 percent senior secured second lien notes, which are due in June 2024.

George Burns, President and CEO of Eldorado said, “This transaction provides Eldorado with immediate value for TZ, while also retaining meaningful exposure to future value creation through our equity stake in GMIN.” Based on this information, is EGO stock a contender for your mining stock watchlist in December?

Top Mining Stocks To Buy?

It might be tough to determine which mining stocks are the best to invest in. Because the market is so volatile right now, doing a lot of research before investing is crucial. In December 2021, it will be interesting to see how these equities perform. So, which gold mining stocks will you be monitoring?

The post 2 Mining Stocks To Watch This Week appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.











eldorado gold corporation

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Precious Metals

Cartier to reappraise potential of Quebec gold project

  Val d’Or – Cartier Resources Inc. [ECR-TSXV] on Friday released results from a geophysical survey and subsequent drilling on the Benoist property,…

 

Val d’Or – Cartier Resources Inc. [ECR-TSXV] on Friday released results from a geophysical survey and subsequent drilling on the Benoist property, which is located 65 kilometres northeast of Lebel-sur-Quevillon, Quebec.

It said the programs aimed to further develop the potential of the project following the release of a NI 43-101 resource estimate, published on January 29, 2021.  The company has said the Pusticamica Gold Deposit on the Benoist property contains an indicated resource of 1.45 million tonnes at an average grade of 2.87 g/t gold equivalent (AuEq) or 134,400 ounces. On top of that is an inferred resource of 1.45 million tonnes of average grade 2.30 g/t AuEq or 107,000 ounces.

The company has said it was aiming, among other things, to explore the potential around the Pusticamica deposit in a bid to discover additional deposits.

A drill program, carried out between January and September 2021 consisted of 27 holes for a total of 17,000 metres. Of that amount, ten were drilled along the lateral extension of the Pusticamica deposit.

“The Bonoist mineralized system (including the resources of the Pusticamica deposit), as demonstrated by the recent drilling, is present over a strike length of 3.0 kilometres, attains widths of 350 metres and reaches a depth of 1,300 metres. It is still open,” the company said in a press release.

However, the company said drilling in 2021 did not identify additional high-grade zones. “We continue to receive results and will reappraise the Benoist project potential at the completion of all drilling data,’’ said Cartier President and CEO Philippe Cloutier.

Cartier shares eased 5.8% or $0.01 to 16 cents on volume of 539,380. The shares are currently trading in a 52-week range of 36.5 cents and 16.5 cents

Cartier is advancing the development of its flagship Chimo project (45 kilometres east of Val’dOr), and other projects in Quebec. The company recently said a preliminary economic assessment has been launched at Chimo which hosts an indicated resource of 684,000 ounces of gold, plus 1.35 million ounces in the inferred category.

They include the Wilson project, which has been optioned out to Hawkmoon Resources Corp. [HM-CSE] and is located in a region where Bonterra Resources Inc. [BTR-TSXV, BONXF-OTC, 9BR1-FSE] and Osisko Mining Inc. [OSK-TSX] are developing very significant gold discoveries.

Bonterra has so far outlined an indicated resource of 202,000 ounces and an inferred resource of 897,000 ounces at Gladiator deposit, a feat that Hawkmoon hopes to emulate at its flagship Wilson property

Wilson is situated on the Abitibi Greenstone Belt, about 15 kilometres east of Lebel-sur-Quevillon and consists of 42 unpatented mining claims covering 1,600 hectares. Several mining companies have conducted work programs on the property.

Under the agreement with Cartier, Hawkmoon can earn a 100% interest by delivering cash payments of $1.0 million cash, issuing 5.0 million shares and spending $6 million on exploration, including 24,000 metres of drilling. The payments and work commitments are to be completed over a period of five years.

Cartier said it has a solid cash position exceeding $6.3 million and significant corporate and institutional support.

 





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