Investing in the stock market can be accessible even with a limited budget. This article highlights three affordable stocks on the TSX that show strong potential for growth and can be acquired for just $20 each.
OrganiGram Holdings is a prominent licensed producer of cannabis and cannabis-derived products in Canada. The company has a diverse product portfolio and has shown strong revenue growth in recent earnings reports. With strategic partnerships and international expansion plans, OrganiGram is well-positioned for future growth. Trading at $2.10, it presents an affordable opportunity for investors interested in the growing cannabis industry.
BlackBerry, once known for its smartphones, has transitioned into a leading cybersecurity and software services provider. Recent earnings have been promising, driven by growth in cybersecurity and enterprise software solutions. With a current trading price of $3.25, BlackBerry stock offers an attractive investment opportunity in the tech sector, focusing on cybersecurity and Internet of Things (IoT).
Lightspeed Commerce is a rapidly growing provider of point-of-sale and e-commerce solutions for small and medium-sized businesses. Recent earnings reports have shown significant revenue growth, and the company has demonstrated robust growth in the past. With a trading price of $18.60 and a promising future outlook, Lightspeed stock presents substantial growth potential for investors interested in the technology and e-commerce sectors.
In conclusion, OrganiGram, BlackBerry, and Lightspeed offer appealing investment opportunities for Canadian investors with a modest budget. These companies operate in high-growth sectors like cannabis, cybersecurity, and e-commerce, making them suitable options for those looking for affordable yet promising stocks on the TSX. Don’t let a $20 budget deter you from exploring these strong investment options for long-term growth.
