TSX Penny Stocks To Watch In January 2025

In This Article:

As we step into 2025, the Canadian market is buoyed by a familiar supportive backdrop, with the TSX having gained 18% in 2024 and investors eyeing potential growth amidst policy uncertainties around tariffs and interest rates. Penny stocks, though often seen as relics of past market eras, continue to offer intriguing opportunities for those looking beyond established names. These smaller or newer companies can present affordable entry points with significant growth potential when backed by strong financials and solid fundamentals.

Top 10 Penny Stocks In Canada

Name

Share Price

Market Cap

Financial Health Rating

Mandalay Resources (TSX:MND)

CA$4.09

CA$370.94M

★★★★★★

Pulse Seismic (TSX:PSD)

CA$2.42

CA$125.06M

★★★★★★

Silvercorp Metals (TSX:SVM)

CA$4.40

CA$970.33M

★★★★★★

Findev (TSXV:FDI)

CA$0.50

CA$14.32M

★★★★★★

PetroTal (TSX:TAL)

CA$0.66

CA$583.7M

★★★★★★

Foraco International (TSX:FAR)

CA$2.40

CA$236.24M

★★★★★☆

NamSys (TSXV:CTZ)

CA$1.14

CA$31.7M

★★★★★★

East West Petroleum (TSXV:EW)

CA$0.045

CA$4.07M

★★★★★★

Hemisphere Energy (TSXV:HME)

CA$1.83

CA$179.46M

★★★★★☆

Tornado Infrastructure Equipment (TSXV:TGH)

CA$0.97

CA$140.31M

★★★★★☆

Click here to see the full list of 944 stocks from our TSX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Payfare

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

Overview: Payfare Inc. is a financial technology company offering instant payout and digital banking solutions for gig economy workers across Canada, the United States, and Mexico, with a market cap of CA$186.87 million.

Operations: The company generates CA$216.87 million in revenue from its data processing segment.

Market Cap: CA$186.87M

Payfare Inc., with a market cap of CA$186.87 million, has shown robust financial performance, generating CA$216.87 million in revenue from its data processing segment. The company is debt-free and boasts high-quality earnings, with profits growing by 74.3% over the past year and exceeding industry averages. Despite increased volatility in share price recently, Payfare's price-to-earnings ratio of 9.7x suggests it may be undervalued compared to the broader Canadian market average of 14.5x. Recent developments include an acquisition agreement valued at approximately CA$200 million and the launch of Pronto by PayfareTM, enhancing financial flexibility for gig economy workers.

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

Pacific Booker Minerals

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

Overview: Pacific Booker Minerals Inc. is involved in the exploration of mineral properties in Canada and has a market capitalization of CA$12.11 million.