NextSource Materials: Top 10 Undervalued Micro Cap Stocks on TSX (NEXT)
NextSource Materials is now ranked among the top 10 micro cap stocks on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Micro caps total market capitalization (50-300M)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| ORE | Orezone Gold | 0.74 | 1.97 | 1.23 (166.2%) | 63436 | 275.9 | 0.0 | 4.5 |
| ITE | i3 Energy | 0.15 | 0.35 | 0.20 (133.2%) | 116838 | 182.5 | 11.5 | 2.8 |
| ACB | Aurora Cannabis | 4.39 | 10.03 | 5.64 (128.5%) | 214730 | 208.2 | 0.0 | 0.0 |
| CNE | Canacol Energy | 5.37 | 11.82 | 6.45 (120.2%) | 57718 | 183.2 | 19.4 | 0.7 |
| HOT-UN | American Hotel Inc Props | 0.85 | 1.84 | 0.99 (117.0%) | 67990 | 67.8 | 23.8 | 0.0 |
| HOT-U | American Hotel Inc Props | 0.66 | 1.40 | 0.74 (111.9%) | 75 | 52.6 | 20.4 | 0.0 |
| NEXT | NextSource Materials | 0.69 | 1.43 | 0.74 (107.2%) | 85602 | 107.4 | 0.0 | 0.0 |
| CRRX | CareRx | 1.46 | 2.97 | 1.51 (103.7%) | 7494 | 84.3 | 0.0 | 0.0 |
| WM | Wallbridge Mining Co | 0.07 | 0.14 | 0.07 (97.0%) | 442070 | 65.4 | 0.0 | 0.0 |
| WPRT | Westport Fuel Systems | 7.77 | 15.22 | 7.45 (95.8%) | 8528 | 137.3 | 0.0 | 0.0 |
All data provided as of February 24, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
NextSource Materials
NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.
NextSource Materials is listed under NEXT on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
