Penny Stock Picks | October 13

Trinidad Drilling Ltd. (TSX:$TDG)

The company recently announced a 23 million share buyback, leading to a slight drop in its share price. In August, it completed a US$30 million acquisition of RigMinder Operating LLC and its drilling-related platforms, expanding the company’s product offering.

Average Volume: 869,560

Market Cap: $452.57 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.2812

 

Redknee Solutions Inc. (TSX:$RKN)

Redknee Solutions’ shares went up 3.2% on Friday, closing at $0.96 per share. The company recently completed a $68 million financing and plans to raise another $28 million, with proceeds used for its business restructuring.

Average Volume: 559,650

Market Cap: $243.6 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.7255

 

Osisko Mining Inc. (TSX:$OSK)

The company entered an agreement yesterday to assign its interest in two exploration-stage properties to Canadian Gold Miner Corp. Upon completion of the deal, Osisko is expected to hold approximately 19.9% of CGM.

Average Volume: 632,370

Market Cap: $934.99 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.0634

 

Stornoway Diamond Corp. (TSX:$SWY)

Stornoway recently released production results for its Renard diamond mine in Quebec. Production at the mine amounted to 442,154 carats for Q3 2017; 438,632 carats were sold for $51.6 million.

Average Volume: 455,320

Market Cap: $630.34 million

P/E Ratio (TTM):17.61

EPS (TTM): $0.0432

 

Precision Drilling Corp. (TSX:$PD)

Precision Drilling’s shares jumped by 1.9% on Friday to $3.23 at market close. The oil and gas services company is expected to release its Q3 results in two weeks.

Average Volume: 2.26 million

Market Cap: $929.57 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.4663

 

Featured Image: depositphotos/ Frankjunioe