i3 Energy: Top 10 Undervalued Micro Cap Stocks on TSX (ITE)
i3 Energy 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 |
|---|---|---|---|---|---|---|---|---|
| BRMI | Boat Rocker Media | 0.91 | 2.03 | 1.12 (122.6%) | 153220 | 51.3 | 0.0 | 0.0 |
| CNE | Canacol Energy | 4.43 | 8.45 | 4.02 (90.6%) | 28921 | 151.1 | 17.6 | 1.5 |
| ORE | Orezone Gold | 0.74 | 1.39 | 0.65 (88.4%) | 177700 | 278.2 | 0.0 | 6.7 |
| TTNM | Titanium Transportation | 2.13 | 3.89 | 1.76 (82.7%) | 17110 | 96.7 | 3.8 | 13.3 |
| RCG | RF Capital Gr | 7.69 | 13.79 | 6.10 (79.4%) | 5848 | 121.1 | 0.0 | 0.0 |
| AKT-A | Akita Drilling | 1.45 | 2.59 | 1.14 (78.9%) | 32064 | 58.1 | 0.0 | 5.0 |
| S | Sherritt International | 0.22 | 0.39 | 0.17 (78.1%) | 140467 | 87.4 | 0.0 | 0.0 |
| ITE | i3 Energy | 0.17 | 0.31 | 0.14 (77.9%) | 104674 | 209.1 | 10.1 | 0.0 |
| GFP | GreenFirst Forest Prods | 0.36 | 0.62 | 0.26 (71.2%) | 65936 | 63.9 | 0.0 | 0.0 |
| CRP | Ceres Global Ag | 2.75 | 4.69 | 1.94 (70.7%) | 3501 | 87.9 | 0.0 | 8.7 |
All data provided as of July 28, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
i3 Energy
i3 Energy PLC is an oil and gas company with low-cost, diversified, and growing production sites in the Western Canada Sedimentary Basin, Canada's hydrocarbon-rich region. The group has two operating segments which include UK / Corporate and Canada. The corporate segment engaged in the UK and oil and gas exploration, appraisal, and development on the UKCS. Canada segment engaged in oil and gas production in the WCSB. Geographically, it derives a majority of its revenue from Canada.
i3 Energy is listed under ITE 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.
