Orezone Gold: Top 10 Undervalued Micro Cap Stocks on TSX (ORE)
Orezone Gold 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 |
|---|---|---|---|---|---|---|---|---|
| CNE | Canacol Energy | 4.12 | 8.87 | 4.75 (115.2%) | 39245 | 140.5 | 18.9 | 1.4 |
| ORE | Orezone Gold | 0.67 | 1.42 | 0.75 (112.2%) | 167770 | 251.9 | 0.0 | 6.1 |
| AKT-A | Akita Drilling | 1.30 | 2.72 | 1.42 (108.9%) | 34054 | 52.1 | 0.0 | 4.5 |
| AKT-B | Akita Drilling | 1.55 | 3.13 | 1.58 (102.0%) | 33 | 62.1 | 0.0 | 5.3 |
| GFP | GreenFirst Forest Prods | 0.35 | 0.69 | 0.34 (95.6%) | 99729 | 63.0 | 0.0 | 0.0 |
| DRT | Dirtt Environmental Solns | 0.58 | 1.10 | 0.52 (89.8%) | 56133 | 167.3 | 0.0 | 0.0 |
| WM | Wallbridge Mining Co | 0.08 | 0.15 | 0.07 (87.9%) | 473224 | 81.3 | 0.0 | 0.0 |
| ELO | Eloro Resources | 1.34 | 2.52 | 1.18 (87.8%) | 56266 | 103.0 | 0.0 | 0.0 |
| MHC-U | Flagship Communities | 14.00 | 26.22 | 12.22 (87.3%) | 9962 | 295.0 | 4.1 | 4.9 |
| ARA | Aclara Resources | 0.52 | 0.97 | 0.45 (86.8%) | 62164 | 84.9 | 0.0 | 0.0 |
All data provided as of June 15, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Orezone Gold
Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.
Orezone Gold is listed under ORE 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.
