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As Canada navigates market volatility fueled by newly announced tariffs and inflation concerns, investors are keen to focus on what's known while seeking opportunities in less conventional areas. Penny stocks, though an older term, continue to represent smaller or newer companies that may offer significant potential for growth at accessible price points. By identifying those with strong financials and clear growth prospects, investors can uncover hidden gems within the Canadian market that might provide both stability and potential upside.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Financial Health Rating |
| Westbridge Renewable Energy (TSXV:WEB) | CA$0.74 | CA$76.92M | ★★★★★★ |
| NTG Clarity Networks (TSXV:NCI) | CA$1.74 | CA$71.24M | ★★★★★☆ |
| NamSys (TSXV:CTZ) | CA$1.38 | CA$35.19M | ★★★★★★ |
| Orezone Gold (TSX:ORE) | CA$0.98 | CA$515.6M | ★★★★★☆ |
| Dynacor Group (TSX:DNG) | CA$4.72 | CA$206.41M | ★★★★★★ |
| Amerigo Resources (TSX:ARG) | CA$1.91 | CA$314.55M | ★★★★★☆ |
| PetroTal (TSX:TAL) | CA$0.68 | CA$632.02M | ★★★★★☆ |
| McCoy Global (TSX:MCB) | CA$3.22 | CA$81.81M | ★★★★★★ |
| Findev (TSXV:FDI) | CA$0.48 | CA$14.32M | ★★★★★★ |
| BluMetric Environmental (TSXV:BLM) | CA$1.17 | CA$43.57M | ★★★★★★ |
Click here to see the full list of 925 stocks from our TSX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Orbit Garant Drilling
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Orbit Garant Drilling Inc. offers mineral drilling services across Canada, the United States, Central and South America, and West Africa, with a market cap of CA$45.14 million.
Operations: The company generates revenue from its operations in Canada, amounting to CA$136.21 million.
Market Cap: CA$45.14M
Orbit Garant Drilling Inc. has shown a turnaround by becoming profitable, reporting net income of CA$4.72 million for the six months ending December 2024, compared to a loss previously. The company maintains strong short-term financial health with assets of CA$82.7 million exceeding both short and long-term liabilities. However, its return on equity is low at 8.6%, and it carries high debt levels with a net debt to equity ratio of 51.2%. Recent share buybacks indicate management's confidence in the stock's value, while stable weekly volatility suggests consistent performance amidst market fluctuations.
Eco (Atlantic) Oil & Gas
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Eco (Atlantic) Oil & Gas Ltd. focuses on identifying, acquiring, exploring, and developing petroleum, natural gas, and shale gas properties in Namibia and Guyana with a market cap of CA$50.44 million.