Operations: The company generates revenue from its Management Consulting Services, amounting to CA$473.43 million.

Market Cap: CA$163.87M

Alithya Group Inc., with a market cap of CA$163.87 million, presents a mixed picture for penny stock investors. The company generates substantial revenue, reporting CA$111.51 million in sales for Q2 2024, though it remains unprofitable with a net loss of CA$0.27 million. Alithya's financial stability is supported by short-term assets exceeding both short and long-term liabilities and a positive free cash flow ensuring over three years of cash runway despite high debt levels (net debt to equity at 55.5%). Recent executive changes include the appointment of Nicolas Lavoie as CFO, potentially enhancing strategic financial management and growth through acquisitions.

• Get an in-depth perspective on Alithya Group's performance by reading our balance sheet health report here.

• Explore Alithya Group's analyst forecasts in our growth report.

Palisades Goldcorp

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Palisades Goldcorp Ltd. is a resource investment company and merchant bank that invests in junior companies within the resource and mining sector, with a market cap of CA$85.27 million.

Operations: The revenue segment for Palisades Goldcorp Ltd. is Metals & Mining - Gold & Other Precious Metals, with reported revenues of -CA$2.65 million.

Market Cap: CA$85.27M

Palisades Goldcorp Ltd., with a market cap of CA$85.27 million, offers a complex profile for penny stock investors. Despite being pre-revenue, it has shown improvement in revenue from negative figures to CA$1.26 million in Q3 2024, though it remains unprofitable with a net loss of CA$4.79 million for the quarter. The company benefits from having no debt and a cash runway exceeding three years due to positive free cash flow growth. However, challenges include its removal from the S&P/TSX Venture Composite Index and significant long-term liabilities not covered by current assets.

• Jump into the full analysis health report here for a deeper understanding of Palisades Goldcorp.

• Learn about Palisades Goldcorp's historical performance here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CNSX:CXXI TSX:ALYA and TSXV:PALI.

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