3 Promising TSX Penny Stocks With Market Caps Under CA$300M
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As the Canadian market navigates ongoing trade uncertainties, investors are finding opportunities amid the shifting landscape. Penny stocks, while an older term, continue to capture interest as they often represent smaller or newer companies with potential for growth at lower price points. In this article, we explore three such penny stocks on the TSX that offer strong fundamentals and hidden value, presenting intriguing possibilities for those looking beyond the big names.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Financial Health Rating |
| Westbridge Renewable Energy (TSXV:WEB) | CA$0.71 | CA$75.86M | ★★★★★★ |
| PetroTal (TSX:TAL) | CA$0.64 | CA$585.62M | ★★★★★☆ |
| Orezone Gold (TSX:ORE) | CA$1.43 | CA$753.84M | ★★★★★☆ |
| Fintech Select (TSXV:FTEC) | CA$0.03 | CA$2.4M | ★★★★★★ |
| Findev (TSXV:FDI) | CA$0.435 | CA$12.75M | ★★★★★★ |
| Thor Explorations (TSXV:THX) | CA$0.71 | CA$478.93M | ★★★★★★ |
| NTG Clarity Networks (TSXV:NCI) | CA$2.50 | CA$108.33M | ★★★★★★ |
| Intermap Technologies (TSX:IMP) | CA$2.20 | CA$130.95M | ★★★★★☆ |
| Pulse Seismic (TSX:PSD) | CA$2.76 | CA$133.99M | ★★★★★★ |
| Hemisphere Energy (TSXV:HME) | CA$1.79 | CA$172.09M | ★★★★★★ |
Click here to see the full list of 876 stocks from our TSX Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
Telescope Innovations
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Telescope Innovations Corp. is a chemical technology company focused on developing manufacturing processes and tools for the pharmaceutical and chemical industries in the United States and Canada, with a market cap of CA$19.32 million.
Operations: The company generates revenue from its Chemicals segment, amounting to CA$4.45 million.
Market Cap: CA$19.32M
Telescope Innovations Corp., with a market cap of CA$19.32 million, is navigating the penny stock landscape by focusing on innovative chemical technologies for battery materials. Despite being unprofitable, it maintains a positive cash flow and has no debt, offering some financial stability. Recent collaborations, such as with Standard Lithium Ltd., highlight its strategic efforts in developing lithium sulfide using its proprietary DualPure™ process—a promising advancement in solid-state battery technology. However, challenges remain as short-term liabilities exceed assets and revenue growth is modest at CA$2.21 million for the last six months reported.
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Dive into the specifics of Telescope Innovations here with our thorough balance sheet health report.
GoldMining
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: GoldMining Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and copper assets in the Americas, with a market cap of CA$207.79 million.