News · Yahoo Finance

Thor Explorations And 2 Canadian Penny Stocks To Watch

The article says enthusiasm for AI among big tech companies has cooled, shifting investor attention to smaller Canadian companies with disciplined finances. Thor Explorations (TSXV:THX) is a West African gold producer whose Segilola Gold Project in Nigeria generated about $331 million in revenue, with a market cap of $613 million. The key question for Segilola is whether it can move from open-pit and stockpile processing into underground operations. Cronos Group (TSX:CRON) sells branded cannabis products such as flower, oils and vapes, generating about $179 million, mainly in Canada and Israel, with a market cap of CA$1.74 billion. The article also notes that expanded access to international medical cannabis markets, such as Israel, Germany and Switzerland, could affect Cronos' regulatory exposure and revenue diversification.

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