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Amidst the backdrop of tariff uncertainties and political shifts, Canadian markets have shown a cautious yet resilient stance, with the TSX slightly up for the year. Investors are increasingly looking beyond traditional sectors and exploring opportunities in less conventional areas like penny stocks. Though often associated with smaller or newer companies, these stocks can offer affordability and growth potential when backed by strong financials.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Financial Health Rating |
| Alvopetro Energy (TSXV:ALV) | CA$4.61 | CA$168.9M | ★★★★★★ |
| Mandalay Resources (TSX:MND) | CA$4.80 | CA$454.52M | ★★★★★★ |
| NTG Clarity Networks (TSXV:NCI) | CA$1.87 | CA$78.41M | ★★★★★☆ |
| Findev (TSXV:FDI) | CA$0.50 | CA$14.32M | ★★★★★★ |
| PetroTal (TSX:TAL) | CA$0.65 | CA$577.33M | ★★★★★★ |
| BluMetric Environmental (TSXV:BLM) | CA$1.00 | CA$39.87M | ★★★★★★ |
| McCoy Global (TSX:MCB) | CA$2.91 | CA$70.12M | ★★★★★★ |
| NamSys (TSXV:CTZ) | CA$1.12 | CA$31.16M | ★★★★★★ |
| New Gold (TSX:NGD) | CA$4.33 | CA$3.17B | ★★★★★☆ |
| Orezone Gold (TSX:ORE) | CA$0.82 | CA$379.19M | ★★★★★☆ |
Click here to see the full list of 937 stocks from our TSX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Verano Holdings
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Verano Holdings Corp. is a vertically integrated multi-state cannabis operator in the United States with a market cap of approximately CA$333.82 million.
Operations: The company's revenue is primarily derived from its Retail segment, which generated $672.25 million, and its Cultivation (Wholesale) segment, contributing $353.48 million.
Market Cap: CA$333.82M
Verano Holdings, with a market cap of approximately CA$333.82 million, operates as a vertically integrated cannabis company in the U.S. Despite being unprofitable and having increased losses over the past five years, Verano maintains a sufficient cash runway for over three years due to positive free cash flow. The company's short-term assets cover its short-term liabilities but fall short of long-term obligations. Recent earnings reports show declining sales and widening net losses year-over-year. However, Verano continues expanding its retail footprint with 153 dispensaries nationwide and is actively seeking M&A opportunities to enhance growth amidst industry consolidation challenges.
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Click to explore a detailed breakdown of our findings in Verano Holdings' financial health report.
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Review our growth performance report to gain insights into Verano Holdings' future.
Silver Mountain Resources
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Silver Mountain Resources Inc. focuses on acquiring, exploring, and developing precious metal resource properties in Peru with a market cap of CA$18.36 million.