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As the Canadian market navigates a landscape of fluctuating interest rates and economic resilience, investors are closely watching how these factors influence stock valuations. Amidst this backdrop, penny stocks—often smaller or younger companies—remain an intriguing investment area for those seeking growth opportunities at lower price points. These stocks can offer unique potential when backed by strong financials and solid fundamentals, making them worthy of attention despite their somewhat outdated label.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Silvercorp Metals (TSX:SVM) | CA$4.49 | CA$965.98M | ★★★★★★ |
Mandalay Resources (TSX:MND) | CA$4.28 | CA$397.24M | ★★★★★★ |
Pulse Seismic (TSX:PSD) | CA$2.40 | CA$123.54M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.50 | CA$14.32M | ★★★★★★ |
PetroTal (TSX:TAL) | CA$0.71 | CA$687.7M | ★★★★★★ |
Foraco International (TSX:FAR) | CA$2.26 | CA$218.52M | ★★★★★☆ |
NamSys (TSXV:CTZ) | CA$1.20 | CA$32.24M | ★★★★★★ |
East West Petroleum (TSXV:EW) | CA$0.04 | CA$3.17M | ★★★★★★ |
Hemisphere Energy (TSXV:HME) | CA$1.85 | CA$178.64M | ★★★★★☆ |
Tornado Infrastructure Equipment (TSXV:TGH) | CA$1.00 | CA$140.31M | ★★★★★☆ |
Click here to see the full list of 933 stocks from our TSX Penny Stocks screener.
Let's uncover some gems from our specialized screener.
Clean Air Metals
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Clean Air Metals Inc. is a Canadian exploration company focused on the identification, acquisition, exploration, and development of mineral properties with a market cap of CA$12.78 million.
Operations: Clean Air Metals Inc. currently does not report any revenue segments.
Market Cap: CA$12.78M
Clean Air Metals Inc., with a market cap of CA$12.78 million, is currently pre-revenue and focused on its Thunder Bay North Critical Minerals project. Recent developments include the commencement of a 2000-metre drilling program targeting high-grade zones at the Current deposit, following positive results from earlier exploration efforts. Despite being debt-free, Clean Air Metals faces challenges such as limited cash runway and an inexperienced management team. The company recently raised CA$1.10 million through a private placement to support ongoing exploration activities, which are crucial for advancing its strategy of delineating high-grade mineral resources for potential future extraction.
Blockmint Technologies
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Blockmint Technologies Inc. develops distributed systems and networks for decentralized blockchain applications, with a market cap of CA$7.72 million.