Top Canadian Stocks To Consider – May 8th

Molson Coors Beverage, Celsius, and Cenovus Energy are the three Canadian stocks to watch today, according to MarketBeat’s stock screener tool. Canadian stocks are equity shares of companies incorporated in Canada and listed on domestic exchanges such as the Toronto Stock Exchange (TSX) or the TSX Venture Exchange. Holding these stocks gives investors a claim on company earnings through dividends and capital gains, while exposing them to risks tied to the Canadian economy, commodity markets and currency fluctuations. Major sectors represented include natural resources, financial services and technology. These companies had the highest dollar trading volume of any Canadian stocks within the last several days.

Molson Coors Beverage (TAP)

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.

Shares of TAP stock traded down $1.99 during trading hours on Thursday, hitting $54.85. The company had a trading volume of 3,989,671 shares, compared to its average volume of 2,066,464. The firm’s fifty day moving average is $59.36 and its 200 day moving average is $58.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 0.94. Molson Coors Beverage has a 12 month low of $49.19 and a 12 month high of $64.66. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.52 and a beta of 0.73.

Celsius (CELH)

Celsius Holdings, Inc. develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.

Shares of CELH stock traded down $0.11 during trading hours on Thursday, reaching $35.68. The company had a trading volume of 3,577,823 shares, compared to its average volume of 7,858,161. Celsius has a 1-year low of $21.10 and a 1-year high of $98.85. The company has a 50 day moving average of $33.59 and a 200 day moving average of $29.62. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 81.35, a P/E/G ratio of 2.90 and a beta of 1.65.

Cenovus Energy (CVE)

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.

Shares of NYSE CVE traded up $1.07 during midday trading on Thursday, reaching $12.83. 7,519,348 shares of the stock were exchanged, compared to its average volume of 8,730,453. Cenovus Energy has a 12 month low of $10.23 and a 12 month high of $21.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95. The company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 10.61 and a beta of 0.95. The business has a 50-day simple moving average of $12.55 and a two-hundred day simple moving average of $14.38.