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TSX Penny Stocks With Market Caps Over CA$20M To Watch

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As the Canadian market navigates the implications of new U.S. policy directions, including energy reforms and potential tariff changes, the TSX index has shown resilience with gains since Inauguration Day. Amidst these macroeconomic shifts, investors are often drawn to penny stocks for their affordability and growth potential. Despite being seen as a relic of past market eras, penny stocks continue to offer intriguing opportunities when backed by strong financials and solid fundamentals.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Alvopetro Energy (TSXV:ALV)

CA$4.93

CA$180.96M

★★★★★★

Silvercorp Metals (TSX:SVM)

CA$4.65

CA$970.33M

★★★★★★

Mandalay Resources (TSX:MND)

CA$4.67

CA$429.16M

★★★★★★

Foraco International (TSX:FAR)

CA$2.39

CA$217.54M

★★★★★☆

PetroTal (TSX:TAL)

CA$0.67

CA$610.81M

★★★★★★

Pulse Seismic (TSX:PSD)

CA$2.43

CA$116.42M

★★★★★★

Findev (TSXV:FDI)

CA$0.51

CA$13.75M

★★★★★★

NamSys (TSXV:CTZ)

CA$1.00

CA$26.86M

★★★★★★

East West Petroleum (TSXV:EW)

CA$0.04

CA$3.62M

★★★★★★

Hemisphere Energy (TSXV:HME)

CA$1.84

CA$178.64M

★★★★★☆

Click here to see the full list of 931 stocks from our TSX Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Cronos Group

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

Overview: Cronos Group Inc. is a cannabinoid company involved in the cultivation, production, and marketing of cannabis products in Canada, Israel, and Germany with a market cap of CA$1.03 billion.

Operations: The company generates revenue of $111.23 million from its operations in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products.

Market Cap: CA$1.03B

Cronos Group, with a market cap of CA$1.03 billion, is navigating the challenges typical of penny stocks. Despite being unprofitable with a negative return on equity, its short-term assets significantly exceed both short and long-term liabilities, indicating strong liquidity. The company is debt-free and has not diluted shareholders recently. Although it reported impairment charges in 2024, Cronos showed improved financial performance with increased revenue to US$34.26 million for Q3 2024 and net income of US$8.35 million compared to a loss previously. However, its board lacks experience which may impact strategic direction.

TSX:CRON Debt to Equity History and Analysis as at Jan 2025
TSX:CRON Debt to Equity History and Analysis as at Jan 2025

Snipp Interactive

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

Overview: Snipp Interactive Inc. offers mobile marketing, rebates, and loyalty solutions across the United States, Canada, Ireland, and other international markets with a market cap of CA$24.32 million.