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As the Canadian economy navigates a period of contraction, with the Bank of Canada cutting rates amid tariff uncertainties, investors are seeking opportunities that align with current market dynamics. Penny stocks, though often seen as relics from past market eras, continue to offer potential for growth and affordability. These smaller or newer companies can provide unique investment opportunities when supported by strong financial health; let's explore several that stand out in today's landscape.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Alvopetro Energy (TSXV:ALV) | CA$5.05 | CA$184.62M | ★★★★★★ |
Silvercorp Metals (TSX:SVM) | CA$4.71 | CA$989.91M | ★★★★★★ |
Mandalay Resources (TSX:MND) | CA$4.69 | CA$447.95M | ★★★★★★ |
Pulse Seismic (TSX:PSD) | CA$2.40 | CA$126.59M | ★★★★★★ |
Foraco International (TSX:FAR) | CA$2.40 | CA$230.34M | ★★★★★☆ |
PetroTal (TSX:TAL) | CA$0.68 | CA$619.87M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.53 | CA$14.32M | ★★★★★★ |
NamSys (TSXV:CTZ) | CA$1.00 | CA$28.21M | ★★★★★★ |
East West Petroleum (TSXV:EW) | CA$0.04 | CA$3.62M | ★★★★★★ |
Tornado Infrastructure Equipment (TSXV:TGH) | CA$1.02 | CA$138.93M | ★★★★★☆ |
Click here to see the full list of 930 stocks from our TSX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Tartisan Nickel
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Tartisan Nickel Corp. is involved in the acquisition, exploration, and development of mineral properties in Canada and Peru, with a market cap of CA$28.93 million.
Operations: Tartisan Nickel Corp. currently does not report any revenue segments.
Market Cap: CA$28.93M
Tartisan Nickel Corp., with a market cap of CA$28.93 million, is pre-revenue and unprofitable, reporting increased losses over the past five years. The company has improved its financial position by reducing debt to zero and maintaining more cash than total debt. Recent capital raises through private placements have strengthened its cash runway, despite short-term liabilities exceeding short-term assets by CA$1.3 million as of September 2024. Tartisan's recent geophysical survey at Turtle Pond Knight Danger Project could potentially enhance exploration prospects, although results are pending. The board is experienced with an average tenure of 4.4 years, providing stability amidst financial challenges.
Condor Resources
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Condor Resources Inc. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in Canada and Peru with a market cap of CA$19.06 million.