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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 Despite their somewhat outdated name, these smaller or newer companies can offer compelling potential when backed by strong financials.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.
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.