Stock Trend Capital And 2 Other TSX Penny Stocks To Watch

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Over the last 7 days, the Canadian market has remained flat, but it is up 21% over the past year with earnings forecast to grow by 16% annually. For investors interested in smaller or newer companies, penny stocks—despite their somewhat outdated name—can still offer intriguing opportunities. When backed by strong financials and solid fundamentals, these stocks can present a compelling mix of value and growth potential that larger firms might miss.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Alvopetro Energy (TSXV:ALV)

CA$4.74

CA$173.17M

★★★★★★

Amerigo Resources (TSX:ARG)

CA$1.71

CA$275.23M

★★★★★☆

Pulse Seismic (TSX:PSD)

CA$2.30

CA$117.56M

★★★★★★

Findev (TSXV:FDI)

CA$0.42

CA$12.03M

★★★★★☆

Mandalay Resources (TSX:MND)

CA$3.39

CA$311.07M

★★★★★★

PetroTal (TSX:TAL)

CA$0.64

CA$584.03M

★★★★★★

Winshear Gold (TSXV:WINS)

CA$0.18

CA$5.66M

★★★★★★

Foraco International (TSX:FAR)

CA$2.17

CA$214.74M

★★★★★☆

East West Petroleum (TSXV:EW)

CA$0.04

CA$3.62M

★★★★★★

NamSys (TSXV:CTZ)

CA$1.07

CA$28.74M

★★★★★★

Click here to see the full list of 964 stocks from our TSX Penny Stocks screener.

Here's a peek at a few of the choices from the screener.

Stock Trend Capital

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

Overview: Stock Trend Capital Inc. is an investment company that primarily focuses on investments in the Canadian cannabis and artificial intelligence industries, with a market cap of CA$3.30 million.

Operations: The company reported a revenue segment in Corporate and Development amounting to -CA$0.61 million.

Market Cap: CA$3.3M

Stock Trend Capital Inc., with a market cap of CA$3.30 million, is pre-revenue, primarily investing in the Canadian cannabis and AI sectors. It reported negative revenue of CA$0.61 million for its Corporate and Development segment. The company has no debt and sufficient cash runway for over two years if free cash flow grows at historical rates, but it remains unprofitable with a negative return on equity of -55.56%. Despite reducing losses by 62.5% annually over five years, its share price is highly volatile with increased weekly volatility from 50% to 83% over the past year.

CNSX:PUMP Financial Position Analysis as at Nov 2024
CNSX:PUMP Financial Position Analysis as at Nov 2024

Aldebaran Resources

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

Overview: Aldebaran Resources Inc. is involved in acquiring, exploring, and evaluating mineral properties in Canada and Argentina, with a market cap of CA$324.54 million.

Operations: Aldebaran Resources Inc. currently does not report any revenue segments, focusing instead on the acquisition, exploration, and evaluation of mineral properties in Canada and Argentina.