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As the Canadian market navigates a landscape shaped by economic trends and strategic insights, investors are increasingly seeking opportunities that align with long-term financial goals. Penny stocks, while an older term, continue to capture interest due to their potential for growth and affordability, particularly when they exhibit strong financials. In this context, we'll explore three promising penny stocks on the TSX that could offer both stability and growth potential in today's market.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Pulse Seismic (TSX:PSD) | CA$2.26 | CA$115M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.54 | CA$13.61M | ★★★★★★ |
PetroTal (TSX:TAL) | CA$0.55 | CA$528.97M | ★★★★★★ |
Foraco International (TSX:FAR) | CA$2.25 | CA$221.48M | ★★★★★☆ |
East West Petroleum (TSXV:EW) | CA$0.04 | CA$3.62M | ★★★★★★ |
Silvercorp Metals (TSX:SVM) | CA$4.37 | CA$948.57M | ★★★★★★ |
NamSys (TSXV:CTZ) | CA$1.20 | CA$33.04M | ★★★★★★ |
Hemisphere Energy (TSXV:HME) | CA$1.87 | CA$182.38M | ★★★★★☆ |
Orezone Gold (TSX:ORE) | CA$0.63 | CA$302.67M | ★★★★★☆ |
Enterprise Group (TSX:E) | CA$1.85 | CA$108.95M | ★★★★☆☆ |
Click here to see the full list of 939 stocks from our TSX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
CDN Maverick Capital
Simply Wall St Financial Health Rating: ★★★★★★
Overview: CDN Maverick Capital Corp. focuses on acquiring, exploring, and developing mineral properties in North and South America, with a market cap of CA$1.82 million.
Operations: CDN Maverick Capital Corp. does not report any specific revenue segments.
Market Cap: CA$1.82M
CDN Maverick Capital Corp., with a market cap of CA$1.82 million, operates in the mineral exploration sector and is currently pre-revenue, having recently achieved profitability. The company reported a small net income for the third quarter of 2024 compared to losses in previous periods, indicating financial improvement. CDN Maverick has no debt or long-term liabilities, and its short-term assets exceed its liabilities by a significant margin. Despite high volatility in share price and an inexperienced management team with an average tenure of 0.9 years, the company's Return on Equity is notably high at 37.7%.
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Jump into the full analysis health report here for a deeper understanding of CDN Maverick Capital.
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Review our historical performance report to gain insights into CDN Maverick Capital's track record.
High Arctic Energy Services
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: High Arctic Energy Services Inc. is an oilfield services company that offers services to exploration and production companies in Canada and Papua New Guinea, with a market cap of CA$14.32 million.