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The Canadian market is currently experiencing gains as global trade tensions ease, with recent trade agreements and discussions providing a more stable backdrop for investors. Amid these developments, the concept of penny stocks remains relevant, offering potential opportunities for growth in smaller or newer companies. These stocks can be attractive due to their affordability and the possibility of significant returns when backed by strong financials, making them an intriguing area for investors seeking hidden value.
Top 10 Penny Stocks In Canada
Name | Share Price | Market Cap | Financial Health Rating |
Westbridge Renewable Energy (TSXV:WEB) | CA$0.81 | CA$81.93M | ★★★★★★ |
NTG Clarity Networks (TSXV:NCI) | CA$2.35 | CA$92.67M | ★★★★★★ |
Silvercorp Metals (TSX:SVM) | CA$4.97 | CA$1.11B | ★★★★★☆ |
Orezone Gold (TSX:ORE) | CA$1.02 | CA$563.85M | ★★★★★☆ |
Mandalay Resources (TSX:MND) | CA$4.75 | CA$456.27M | ★★★★★★ |
McChip Resources (TSXV:MCS) | CA$0.63 | CA$3.6M | ★★★★☆☆ |
PetroTal (TSX:TAL) | CA$0.59 | CA$530.84M | ★★★★★☆ |
Pulse Seismic (TSX:PSD) | CA$2.53 | CA$129.43M | ★★★★★★ |
Findev (TSXV:FDI) | CA$0.495 | CA$13.32M | ★★★★★★ |
BluMetric Environmental (TSXV:BLM) | CA$1.33 | CA$53.26M | ★★★★★★ |
Click here to see the full list of 909 stocks from our TSX Penny Stocks screener.
Let's dive into some prime choices out of the screener.
Foraco International
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Foraco International SA, with a market cap of CA$177.53 million, offers drilling services across North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.
Operations: The company generates revenue from its Water segment, contributing $41.38 million, and its Mining segment, which brings in $230.00 million.
Market Cap: CA$177.53M
Foraco International SA, with a market cap of CA$177.53 million, has seen its earnings decline recently, reporting net income of US$1.54 million for Q1 2025 compared to US$8.85 million the previous year. Despite this setback, the company maintains high-quality past earnings and robust financial health with short-term assets exceeding both short and long-term liabilities. Its return on equity is strong at 21%, though it faces challenges with high debt levels and declining profit margins from 8.6% to 7.6%. Analysts are optimistic about future stock price growth, forecasting a significant increase in value.
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Take a closer look at Foraco International's potential here in our financial health report.
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Assess Foraco International's future earnings estimates with our detailed growth reports.
Gatekeeper Systems
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Gatekeeper Systems Inc. designs, manufactures, markets, and sells video security solutions for mobile and transportation environments focused on children, passengers, and public safety in Canada and the United States with a market cap of CA$44.16 million.