They need to:
- Market Cap below $10 million
- Flat or declining stock price over the past 3 years
- Cash flow breakeven (or small operating loss)
- Have some cash on the balance sheet to sustain their basic needs
What's a good way to go about this search? Thanks guys
Try using a stock screener lots of sites have them. The TSX has one under " Research & Tools". (to get to that page just ask for any quote) In the drop down menu fill in the criteria. For micro cap avoid "institutional holdings". Use the preset screens at the upper right of the page if you want. Do check the charts on the results page to determine performance.
Practice wil improve your results.