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As the Canadian market enters 2025, investors are reflecting on a stellar 2024, where the TSX gained 18% and broader indices saw significant growth. For those looking beyond the traditional large-cap stocks, penny stocks—often representing smaller or newer companies—remain an intriguing area of exploration. Despite being an older term, penny stocks continue to attract interest for their potential value and growth opportunities when backed by strong financial health.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Mandalay Resources (TSX:MND) | CA$4.14 | CA$384.09M | ★★★★★★ |
Pulse Seismic (TSX:PSD) | CA$2.40 | CA$123.03M | ★★★★★★ |
Silvercorp Metals (TSX:SVM) | CA$4.46 | CA$957.27M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.485 | CA$14.32M | ★★★★★★ |
PetroTal (TSX:TAL) | CA$0.68 | CA$601.94M | ★★★★★★ |
Foraco International (TSX:FAR) | CA$2.37 | CA$236.24M | ★★★★★☆ |
NamSys (TSXV:CTZ) | CA$1.13 | CA$30.62M | ★★★★★★ |
East West Petroleum (TSXV:EW) | CA$0.05 | CA$4.07M | ★★★★★★ |
Hemisphere Energy (TSXV:HME) | CA$1.84 | CA$178.48M | ★★★★★☆ |
Tornado Infrastructure Equipment (TSXV:TGH) | CA$0.95 | CA$133.43M | ★★★★★☆ |
Click here to see the full list of 945 stocks from our TSX Penny Stocks screener.
Let's review some notable picks from our screened stocks.
Aclara Resources
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Aclara Resources Inc. is a mining company focused on the exploration and development of rare-earth mineral resources in Chile, with a market cap of CA$88.20 million.
Operations: No revenue segments have been reported.
Market Cap: CA$88.2M
Aclara Resources Inc., with a market cap of CA$88.20 million, is pre-revenue and focused on rare-earth mineral development in Chile. Despite being debt-free and having sufficient short-term assets to cover liabilities, the company remains unprofitable with increasing losses over the past five years. Recent strategic moves include a non-brokered private placement raising CA$35.91 million, aimed at bolstering its financial position. Aclara's collaboration with SelectUSA for a U.S.-based separation facility highlights its expansion efforts, while engineering studies emphasize environmentally sustainable practices in rare earths extraction and processing, potentially positioning it as an independent supply chain player outside Asia.
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Dive into the specifics of Aclara Resources here with our thorough balance sheet health report.
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Examine Aclara Resources' earnings growth report to understand how analysts expect it to perform.
DIRTT Environmental Solutions
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: DIRTT Environmental Solutions Ltd. is an interior construction company based in Canada with a market cap of CA$226.29 million.