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As the Canadian market navigates a landscape of cooling economic growth and shifting interest rates, investors are keenly observing how these changes might influence their portfolios. In this context, penny stocks—often representing smaller or newer companies—are gaining attention for their potential to offer both affordability and growth opportunities. Despite being an older term, penny stocks remain relevant as they can present value when backed by strong financials and a clear growth trajectory.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Haivision Systems (TSX:HAI) | CA$4.26 | CA$119.91M | ★★★★★☆ |
NTG Clarity Networks (TSXV:NCI) | CA$1.74 | CA$73.77M | ★★★★★☆ |
NamSys (TSXV:CTZ) | CA$1.10 | CA$30.09M | ★★★★★★ |
Madoro Metals (TSXV:MDM) | CA$0.045 | CA$4.03M | ★★★★★★ |
Orezone Gold (TSX:ORE) | CA$1.04 | CA$489.82M | ★★★★★☆ |
Hemisphere Energy (TSXV:HME) | CA$1.83 | CA$179.66M | ★★★★★☆ |
PetroTal (TSX:TAL) | CA$0.68 | CA$632.47M | ★★★★★☆ |
McCoy Global (TSX:MCB) | CA$3.14 | CA$86.98M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.50 | CA$14.32M | ★★★★★★ |
BluMetric Environmental (TSXV:BLM) | CA$1.24 | CA$45.78M | ★★★★★★ |
Click here to see the full list of 937 stocks from our TSX Penny Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
EMX Royalty
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: EMX Royalty Corporation, along with its subsidiaries, is engaged in exploring and generating royalties from metals and minerals properties, with a market cap of CA$316.61 million.
Operations: The company's revenue is primarily derived from acquiring, managing, and generating royalties, totaling $27.45 million.
Market Cap: CA$316.61M
EMX Royalty Corporation, with a market cap of CA$316.61 million, has shown resilience despite being unprofitable. The company reported US$27.45 million in revenue for 2024, reflecting modest growth from the previous year and reduced net losses to US$3.29 million. EMX's seasoned management and board have maintained a stable cash runway exceeding three years due to positive free cash flow growth of 26.9% annually. Recent strategic moves include a share repurchase program funded by available cash and acquiring royalty interests in Peru's Chapi copper mine, potentially enhancing future revenue streams amidst its current financial challenges.
Northern Superior Resources
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Northern Superior Resources Inc. is a junior mining company focused on exploring and developing gold properties in Ontario and Québec, Canada, with a market cap of CA$90.96 million.