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Spotlight On 3 TSX Penny Stocks With Market Caps Under CA$200M

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As markets navigate conflicting forces with inflation remaining stubborn and corporations posting strong earnings, investors are seeking opportunities that align with solid fundamentals. Penny stocks, a term that might seem outdated, still represent an intriguing investment area for those interested in smaller or newer companies. These stocks can offer surprising value and potential growth when backed by strong financial health.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Alvopetro Energy (TSXV:ALV)

CA$4.92

CA$182.79M

★★★★★★

Findev (TSXV:FDI)

CA$0.50

CA$14.9M

★★★★★★

Mandalay Resources (TSX:MND)

CA$4.71

CA$438.56M

★★★★★★

Foraco International (TSX:FAR)

CA$1.86

CA$220.49M

★★★★★☆

PetroTal (TSX:TAL)

CA$0.70

CA$647.19M

★★★★★★

NamSys (TSXV:CTZ)

CA$1.16

CA$31.16M

★★★★★★

East West Petroleum (TSXV:EW)

CA$0.045

CA$3.62M

★★★★★★

Orezone Gold (TSX:ORE)

CA$0.90

CA$397.63M

★★★★★☆

Hemisphere Energy (TSXV:HME)

CA$1.83

CA$180.58M

★★★★★☆

DIRTT Environmental Solutions (TSX:DRT)

CA$1.16

CA$230.15M

★★★★☆☆

Click here to see the full list of 938 stocks from our TSX Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

illumin Holdings

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: illumin Holdings Inc. is a technology company offering digital media solutions across the United States, Canada, Europe, Latin America, and other international markets with a market cap of CA$158.33 million.

Operations: The company's revenue is primarily generated from its Internet Information Providers segment, amounting to CA$127.47 million.

Market Cap: CA$158.33M

illumin Holdings Inc., with a market cap of CA$158.33 million, offers digital media solutions and is currently unprofitable but trades at 70.7% below estimated fair value. The company has strong financial stability, with short-term assets exceeding both short- and long-term liabilities and a reduced debt-to-equity ratio from 177.5% to 0.1% over five years. Recent integration with Adsquare enhances its platform by providing advanced footfall attribution, linking online campaigns to in-store visits while maintaining privacy compliance, thus reinforcing illumin's role in programmatic advertising across various industries like retail and automotive sectors.

TSX:ILLM Financial Position Analysis as at Feb 2025
TSX:ILLM Financial Position Analysis as at Feb 2025

Dynasty Gold

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Dynasty Gold Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in the United States and Canada, with a market cap of CA$8.31 million.