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3 TSX Penny Stocks With Market Caps Over CA$30M

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As the Canadian market navigates trade uncertainties, newly announced tariffs and inflation concerns continue to drive volatility. Amid these conditions, investors are focusing on what’s known to guide their decisions, with penny stocks offering a unique opportunity for growth at lower price points. Despite being considered an outdated term, penny stocks represent smaller or newer companies that can provide significant returns when supported by strong financials and solid fundamentals.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Westbridge Renewable Energy (TSXV:WEB)

CA$0.68

CA$74.9M

★★★★★★

NTG Clarity Networks (TSXV:NCI)

CA$1.87

CA$73.35M

★★★★★☆

NamSys (TSXV:CTZ)

CA$1.42

CA$37.07M

★★★★★★

Madoro Metals (TSXV:MDM)

CA$0.035

CA$2.24M

★★★★★★

Orezone Gold (TSX:ORE)

CA$0.94

CA$505.29M

★★★★★☆

Dynacor Group (TSX:DNG)

CA$4.77

CA$201.34M

★★★★★★

PetroTal (TSX:TAL)

CA$0.67

CA$622.86M

★★★★★☆

McCoy Global (TSX:MCB)

CA$3.25

CA$87.52M

★★★★★★

Findev (TSXV:FDI)

CA$0.48

CA$13.75M

★★★★★★

BluMetric Environmental (TSXV:BLM)

CA$1.16

CA$43.2M

★★★★★★

Click here to see the full list of 924 stocks from our TSX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Blue Lagoon Resources

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

Overview: Blue Lagoon Resources Inc. is involved in the acquisition, exploration, and evaluation of mineral properties in Canada with a market cap of CA$34.60 million.

Operations: Blue Lagoon Resources Inc. currently has no reported revenue segments.

Market Cap: CA$34.6M

Blue Lagoon Resources Inc. is a pre-revenue company with a market cap of CA$34.60 million, actively involved in mineral exploration in Canada. Despite being debt-free, it faces financial challenges with short-term assets of CA$375.5K not covering long-term liabilities of CA$7.7M and sufficient cash runway for only two months as of December 2024, though recent capital raised through a private placement may provide temporary relief. The company's stock has experienced high volatility over the past year and remains unprofitable, reporting increased losses compared to the previous year while maintaining stable share price dilution levels for shareholders.

CNSX:BLLG Financial Position Analysis as at Apr 2025
CNSX:BLLG Financial Position Analysis as at Apr 2025

NorthWest Copper

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

Overview: NorthWest Copper Corp. is engaged in acquiring and exploring mineral properties in Canada, with a market cap of CA$44.84 million.