Unlock stock picks and a broker-level newsfeed that powers Wall Street.

3 TSX Penny Stocks With At Least CA$3M Market Cap

In This Article:

As we navigate 2025, the Canadian market is experiencing shifts driven by rising government bond yields and political changes, which have influenced stock valuations across various sectors. In this context, identifying promising investment opportunities requires a focus on fundamentals and financial strength. Penny stocks, though often seen as speculative due to their smaller size or newer status, can still offer significant value when backed by robust financials and growth potential.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Mandalay Resources (TSX:MND)

CA$4.02

CA$392.54M

★★★★★★

Pulse Seismic (TSX:PSD)

CA$2.43

CA$125.06M

★★★★★★

Silvercorp Metals (TSX:SVM)

CA$4.22

CA$948.57M

★★★★★★

Findev (TSXV:FDI)

CA$0.49

CA$13.18M

★★★★★★

PetroTal (TSX:TAL)

CA$0.71

CA$629.3M

★★★★★★

Foraco International (TSX:FAR)

CA$2.32

CA$225.41M

★★★★★☆

NamSys (TSXV:CTZ)

CA$1.15

CA$29.82M

★★★★★★

East West Petroleum (TSXV:EW)

CA$0.04

CA$4.07M

★★★★★★

Hemisphere Energy (TSXV:HME)

CA$1.84

CA$180.43M

★★★★★☆

Tornado Infrastructure Equipment (TSXV:TGH)

CA$0.95

CA$133.43M

★★★★★☆

Click here to see the full list of 929 stocks from our TSX Penny Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Consolidated Lithium Metals

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

Overview: Consolidated Lithium Metals Inc. focuses on acquiring, exploring, and developing mineral properties in Canada with a market cap of CA$3.68 million.

Operations: Consolidated Lithium Metals Inc. has not reported any revenue segments.

Market Cap: CA$3.68M

Consolidated Lithium Metals Inc., with a market cap of CA$3.68 million, is pre-revenue and focuses on mineral exploration in Quebec. The company recently identified promising lithium soil anomalies at its Baillarge Property, positioning it as a high-priority target for 2025 exploration. Despite being debt-free, CLM faces challenges like shareholder dilution and increased volatility, with shares outstanding growing by 3.4% and weekly volatility rising to 63%. The management team is relatively new, averaging 1.1 years in tenure. While the company has raised additional capital to extend its cash runway beyond one month, profitability remains elusive.

TSXV:CLM Debt to Equity History and Analysis as at Jan 2025
TSXV:CLM Debt to Equity History and Analysis as at Jan 2025

GT Resources

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

Overview: GT Resources Inc. is involved in the exploration and development of mineral resource properties, with a market cap of CA$9.72 million.