Opinion Tickertrax Insights 10 cash rich Canadian penny stocks: Stockhouse...

10 cash rich Canadian penny stocks: Stockhouse TickerTrax

Danny Deadlock, TickerTrax

5 Comments| July 19, 2013

Stockhouse Ticker Trax is published to subscribers every Monday (annual cost only $99). We focus on best-in-class high growth small companies trading on the TSX and TSX.V between 5 cents and $3 with a market cap below $300 million.

Equity Analyst Danny Deadlock has 30 years of experience speculating on Canadian penny stocks and targets capital gain opportunities and diversification in metals and minerals exploration, energy, and technology.

For the experienced investor, Ticker Trax provides and extra set of eyes and ears (idea generation) and for those learning to invest in micro cap stocks, we provide stock picks and market education.

Subscribers receive; (1) new research (stock picks) weeks in advance of being featured on this weekend column, (2) exclusive access to our list of junior gold exploration companies (critical for peer valuation), (3) exclusive access to our list of Cash Rich micro cap companies (our Virtual Vulture Fund), which contains 80 companies with almost $3 billion. Both tables are updated monthly.

Through Ticker Trax we track 60 cash rich penny stocks on the TSX and TSX Venture with approximately $2.5 billion in net cash and investments.

This is an exclusive list for Ticker Trax subscribers that I update each quarter as companies file their financials. The last update was mid June so we won’t see new financials until late July and August.

This weekend I am providing a snapshot of the top 10 companies on that list based upon their Cash as a Percentage of Market Cap. Because the table is from June 17th the company share prices will be different (likely lower) but this will give you an idea of what is out there for consideration. Some of you may want to look into these further as there is dramatic value in just the top 10.

It is important to note that while the large majority of our companies control cash, number one listed Pinetree has the majority of its assets in other investments (public resource companies). This resource risk exposure has driven their share price down to 33 cents from 43 cents in June.

While Pinetree is appealing on the surface, a large number of the companies held in their portfolio will be running out of money and this will continue to put pressure on their share price.

Unfortunately to make this table fit we had to cut out some columns so I pasted website links separately and you can use this to complete your own due diligence.