TSX:ECO
TSX:ECOChemicals

3 TSX Penny Stocks With Market Caps Larger Than CA$20M

As 2025 draws to a close, the Canadian market is navigating through a landscape marked by easing inflation and stabilizing labor conditions, setting the stage for a potentially constructive outlook in 2026. For investors interested in exploring beyond well-known names, penny stocks—often associated with smaller or newer companies—remain an intriguing area of investment despite their somewhat outdated terminology. These stocks can offer unexpected opportunities when backed by strong financial...
TSXV:HSTR
TSXV:HSTRMetals and Mining

The Bull Case For Heliostar Metals (TSXV:HSTR) Could Change Following La Colorada Permit Progress - Learn Why

Heliostar Metals announced that Mexico’s SEMARNAT has completed its twenty-business day review of the Veta Madre open-pit expansion permit for the La Colorada mine without further questions, and the company now expects formal permit documentation and a restart of open-pit mining in early 2026. This progress, supported by positive comments from Mexican officials and media coverage, marks a key step in advancing La Colorada from permitting toward renewed production activity. Next, we’ll...
TSX:NGD
TSX:NGDMetals and Mining

New Gold (TSX:NGD): Rethinking Valuation After a 233% Year-to-Date Share Price Surge

New Gold (TSX:NGD) has quietly turned into one of the stronger performers on the TSX this year, with the stock up roughly 2.3x year to date and supported by rising earnings. See our latest analysis for New Gold. The latest leg higher has been fuelled by a 32.6% 1 month share price return and a remarkable 233.6% year to date share price gain. A towering 3 year total shareholder return of 807.2% signals that momentum has been building for some time rather than appearing out of nowhere. If New...
TSXV:PNPN
TSXV:PNPNMetals and Mining

Is Power Metallic Mines' (TSXV:PNPN) NYSE Ambition Reframing Its Core Exploration-First Investment Story?

On December 9, 2025, Power Metallic Mines Inc. presented at the Very Independent Research Virtual Conference, where President and CEO Terrence Lynch outlined the company’s progress and upcoming milestones. The presentation highlighted Power Metallic Mines’ emerging polymetallic exploration story, centered on high-grade discoveries at the Nisk Project in Quebec and preparation for a planned New York Stock Exchange listing in January 2026. We’ll now examine how anticipation around the planned...
TSX:ERD
TSX:ERDMetals and Mining

Erdene Resource Development (TSX:ERD) Is Up 17.8% After Pouring First Gold At Bayan Khundii

Erdene Resource Development has poured first gold at its Bayan Khundii open-pit mine in Mongolia and moved toward nameplate production, positioning the operation as the core of a broader minerals district. The company plans to materially increase exploration spending in 2026 to test nearby prospects and potentially extend Bayan Khundii’s mine life and metal mix beyond current reserves. We’ll now examine how first gold at Bayan Khundii and plans for a broader minerals district influence...
TSX:WEED
TSX:WEEDPharmaceuticals

Canopy Growth (TSX:WEED) Is Down 11.3% After U.S. Cannabis Rescheduling And Debt Cut Moves – Has The Bull Case Changed?

Earlier this month, U.S. President Donald Trump signed an executive order reclassifying cannabis from Schedule I to Schedule III, while Canopy Growth reported narrowing adjusted EBITDA losses, eliminated going‑concern warnings, and prepaid US$50 million on a senior secured term loan to cut interest costs. At the same time, Canopy Growth advanced its Canadian footprint with an agreement to acquire Quebec-based MTL Cannabis and continued to benefit from a more supportive U.S. regulatory...
TSX:E
TSX:ETrade Distributors

Enterprise Group And 2 Other TSX Penny Stocks To Consider

As the Canadian market navigates a noisy end to 2025 with a constructive outlook for 2026, investors are keenly observing the potential shifts in market leadership and portfolio positioning. In this context, penny stocks—often representing smaller or newer companies—offer an intriguing mix of affordability and growth potential when backed by strong financials. Despite being seen as a relic of past trading days, these stocks continue to provide opportunities for investors looking to uncover...
TSX:PEY
TSX:PEYOil and Gas

Assessing Peyto Exploration & Development (TSX:PEY) Valuation After Its Latest Dividend Confirmation

Peyto Exploration & Development (TSX:PEY) just reaffirmed its December 2025 monthly dividend of CA$0.11 per share, with an ex dividend date of December 31, 2025, and payment on January 15, 2026. See our latest analysis for Peyto Exploration & Development. The latest dividend confirmation comes on the back of a strong year, with a 30.01% year to date share price return and a 52.38% one year total shareholder return, suggesting momentum is still firmly on Peyto’s side. If this kind of income...
TSX:FVL
TSX:FVLMetals and Mining

Is Freegold Ventures’ (TSX:FVL) Upsized Financing Quietly Reframing Its Risk‑Reward Profile?

Freegold Ventures Limited recently agreed with Paradigm Capital Inc. to conduct a brokered private placement of 23,077,000 common shares at C$1.30 each for gross proceeds of C$30,000,100, with closing expected in early January 2026 subject to regulatory and Toronto Stock Exchange approvals. The decision to expand this financing to nearly C$50,000,000 on the back of strong investor demand underscores market interest in funding the Golden Summit pre-feasibility study and continued exploration...
TSX:CURA
TSX:CURAPharmaceuticals

Curaleaf (TSX:CURA) Valuation Check After U.S. Cannabis Rescheduling Boosts Growth Optimism

Curaleaf Holdings (TSX:CURA) is back in the spotlight after the Trump Administration moved to reclassify cannabis as a Schedule III substance. This policy shift could reshape taxes, research access, and long term profitability. See our latest analysis for Curaleaf Holdings. Even after a sharp 1 week share price pullback and a 1 day dip to around CA$4.14, Curaleaf still boasts an 80% year to date share price return and a 95.28% 1 year total shareholder return. This suggests momentum is cooling...
TSX:ERD
TSX:ERDMetals and Mining

Erdene Resource Development (TSX:ERD): Valuation Check After First Gold Pour at Bayan Khundii and Growth Plans

Erdene Resource Development (TSX:ERD) has just hit a key milestone at its Bayan Khundii gold mine in Mongolia, pouring first gold and targeting nameplate production by month end, with 2026 exploration spending set to climb. See our latest analysis for Erdene Resource Development. The latest operational milestones seem to be feeding into the story, with the 1-month share price return of 9.28 percent helping rebuild confidence after a softer quarter. Meanwhile, a 1-year total shareholder return...
TSXV:NFG
TSXV:NFGMetals and Mining

New Found Gold (TSXV:NFG): Valuation Check After Financing Milestone and First Production Timeline Set for 2025

New Found Gold (TSXV:NFG) just checked off two major milestones: finishing construction at its Hammerdown open pit and securing $30 million in financing, setting up first gold production in the second half of 2025. See our latest analysis for New Found Gold. Those milestones seem to be reinvigorating sentiment, with a roughly 33% 1 month share price return and a 68% 1 year total shareholder return contrasting with still negative 3 year total shareholder returns. This suggests momentum is...
TSXV:PNPN
TSXV:PNPNMetals and Mining

Power Nickel (TSXV:PNPN) Valuation Check After Conference Presentations Boost Investor Attention

Power Metallic Mines (TSXV:PNPN) is stepping into the spotlight after CEO Terrence Lynch presented at back to back virtual conferences, putting the explorer’s Chile and Quebec assets squarely on the radar of growth focused investors. See our latest analysis for Power Metallic Mines. That flurry of conference exposure seems to be coinciding with a rebound in sentiment, with the latest share price at CA$0.97 and a sharp 1 day share price return of 11.49% helping offset a weaker 90 day share...