Top TSX Penny Stocks To Watch In January 2025

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As we enter 2025, the Canadian market is navigating a landscape of mixed economic signals and policy uncertainties following a robust performance in 2024, where the TSX gained an impressive 18%. For investors eyeing opportunities beyond well-known large-cap stocks, penny stocks present a unique investment avenue. Despite their somewhat outdated name, these smaller or newer companies can offer compelling potential when backed by strong financials.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Mandalay Resources (TSX:MND)

CA$4.18

CA$384.09M

★★★★★★

Pulse Seismic (TSX:PSD)

CA$2.46

CA$123.03M

★★★★★★

Silvercorp Metals (TSX:SVM)

CA$4.36

CA$957.27M

★★★★★★

Findev (TSXV:FDI)

CA$0.46

CA$14.32M

★★★★★★

PetroTal (TSX:TAL)

CA$0.69

CA$601.94M

★★★★★★

Foraco International (TSX:FAR)

CA$2.29

CA$236.24M

★★★★★☆

NamSys (TSXV:CTZ)

CA$1.11

CA$30.62M

★★★★★★

East West Petroleum (TSXV:EW)

CA$0.045

CA$4.07M

★★★★★★

Hemisphere Energy (TSXV:HME)

CA$1.85

CA$178.48M

★★★★★☆

Tornado Infrastructure Equipment (TSXV:TGH)

CA$0.97

CA$133.43M

★★★★★☆

Click here to see the full list of 945 stocks from our TSX Penny Stocks screener.

We'll examine a selection from our screener results.

Automotive Finco

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

Overview: Automotive Finco Corp. is a specialty finance company that operates in the auto retail sector both in Canada and internationally, with a market cap of CA$16.65 million.

Operations: The company generates revenue of CA$2.91 million through debt financing and investments in the auto retail sector.

Market Cap: CA$16.65M

Automotive Finco Corp., with a market cap of CA$16.65 million, has shown impressive earnings growth of 49.2% over the past year, outpacing the diversified financial industry average. The company is debt-free and its short-term assets significantly exceed liabilities, indicating strong financial health. Despite having low revenue (CA$3M), it maintains high-quality earnings and stable weekly volatility (9%). Recent announcements include a net income increase to CA$0.55 million for Q3 2024 and plans to reinstitute dividends in early 2025 at an annual rate of $0.205 per share, reflecting confidence in sustained profitability.

TSXV:AFCC.H Financial Position Analysis as at Jan 2025
TSXV:AFCC.H Financial Position Analysis as at Jan 2025

Canaf Investments

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

Overview: Canaf Investments Inc., with a market cap of CA$16.12 million, processes anthracite coal into de-volatized anthracite through its operations in Canada and South Africa.