In This Article:
As the Canadian market navigates a landscape of rising government bond yields and shifting political dynamics, investors are reminded that fundamentals, rather than headlines, drive financial markets. In this context, penny stocks—often representing smaller or newer companies—still hold potential for growth when backed by strong financial health. We'll explore three such penny stocks on the TSX that combine balance sheet strength with long-term potential.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Mandalay Resources (TSX:MND) | CA$4.23 | CA$397.24M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.46 | CA$13.03M | ★★★★★★ |
Pulse Seismic (TSX:PSD) | CA$2.47 | CA$122.52M | ★★★★★★ |
Silvercorp Metals (TSX:SVM) | CA$4.58 | CA$989.91M | ★★★★★★ |
PetroTal (TSX:TAL) | CA$0.72 | CA$647.54M | ★★★★★★ |
Foraco International (TSX:FAR) | CA$2.27 | CA$226.4M | ★★★★★☆ |
NamSys (TSXV:CTZ) | CA$1.13 | CA$30.62M | ★★★★★★ |
East West Petroleum (TSXV:EW) | CA$0.04 | CA$3.62M | ★★★★★★ |
Hemisphere Energy (TSXV:HME) | CA$1.82 | CA$179.46M | ★★★★★☆ |
Tornado Infrastructure Equipment (TSXV:TGH) | CA$1.04 | CA$138.93M | ★★★★★☆ |
Click here to see the full list of 929 stocks from our TSX Penny Stocks screener.
Let's explore several standout options from the results in the screener.
CDN Maverick Capital
Simply Wall St Financial Health Rating: ★★★★★★
Overview: CDN Maverick Capital Corp. focuses on the acquisition, exploration, and development of mineral properties in North and South America, with a market cap of CA$2.81 million.
Operations: No specific revenue segments have been reported.
Market Cap: CA$2.81M
CDN Maverick Capital Corp., with a market cap of CA$2.81 million, operates in the mineral exploration sector and is currently pre-revenue. The company has become profitable recently, reporting a net income for Q3 2024 compared to a loss the previous year. Its financials are bolstered by no debt and short-term assets exceeding liabilities. Despite high non-cash earnings, its share price remains highly volatile. The management team is relatively inexperienced with an average tenure of one year, although the board has more experience at nearly four years on average. CDN's low price-to-earnings ratio suggests potential value relative to the broader Canadian market.
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Dive into the specifics of CDN Maverick Capital here with our thorough balance sheet health report.
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Understand CDN Maverick Capital's track record by examining our performance history report.
SRQ Resources
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: SRQ Resources Inc. is involved in base metal exploration and development in Canada, with a market cap of CA$4.48 million.
Operations: Currently, there are no reported revenue segments for the company.