Promising Penny Stocks On TSX For November 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
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Source: Yahoo Finance
Market Overview: The Canadian market has seen a 21% increase over the past year, with earnings expected to grow by 16% annually, prompting investors to seek promising stocks, particularly in smaller companies often referred to as 'penny stocks'.
Company Highlights: Notable penny stocks include Alvopetro Energy and Minera Alamos, both showing potential despite challenges; Alvopetro has strong financial health, while Minera Alamos is expanding its asset base through acquisitions despite being unprofitable.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
