Hive is a company that operates directly in the crypto mining industry and was the first mining company to list publicly in Canada. There may be no industry quite as trendy right now as blockchain technology. The company’s Macusani project in Peru is the fifth-largest undeveloped Uranium Deposit in the world.Īmerican Lithium Corp is a play on the rising demand for both lithium and uranium moving forward, which are both viable paths for the company to grow its business for the foreseeable future. With American Lithium Corp, you also get a well-established company that has been operating since 1974. The global demand for lithium has skyrocketed over the past decade and will only increase from here as the world shifts towards these secular trends.ĭespite the company’s name, American Lithium Corp is based in Vancouver, BC, and has a diverse geographical portfolio that includes a newly acquired mine in Nevada. We have all heard that Lithium is an essential component for rechargeable batteries in things like electric vehicles and smartphones. Get The Best Stock Trading Platform in Canada ($50 Trade Credit) Top 10 Penny Stocks in Canada To Buy in 2023īelow are 10 of the hottest penny stocks you can buy in Canada. Related: Free Stock Trading Apps in Canada. In Canada, there is no official OTC market, so Canadian penny stocks still trade on the Toronto Stock Exchange or other Canadian exchanges. They are easily identifiable because they usually trade on the OTC or Over-The-Counter markets rather than the NASDAQ or the New York Stock Exchange in the US. Penny stocks go by other names as well, like microcap stocks or pink sheet stocks. These stocks appear cheap and inexpensive, but the risk of investing in these generally outweighs the potential reward.
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