Under five cents that is.
Canadian resource stocks are the low priced lottery tickets that often see huge runs when ore deposits are hit or take-overs are announced.
Here are our local experts picks of five stocks under five cents.
Mouserman, a long time trader on the Canadian boards had this to say about Westaim Corp (WED)
“…No current business but has irons in the fire, acquisition soon in the new year. Sitting on over .05 in cash, great BOD ”
The Westaim Corporation (Westaim) is Canada-based financial services holding company. The Company is focused on the property and casualty insurance industry. It invests directly and indirectly through acquisitions, joint ventures and other arrangements. The Company holds 100% interests in Jevco Insurance Company (Jevco). Jevco is a Canada-based property and casualty (P&C) insurer that sells P&C products through a distribution network of over 2,000 independent brokers. In December 2011, Jevco acquired and amalgamated with 2266100 Ontario Ltd. and 2266102 Ontario Ltd. In September 2012, Intact Financial Corporation acquired its wholly owned subsidiary, JEVCO Insurance Company. – Reuters.