TSX Penny Stocks To Consider In June 2025

As the Canadian market navigates through trade developments and central bank meetings, investors are keeping a close eye on potential volatility and opportunities that may arise. Penny stocks, though often considered a relic of past market eras, continue to capture interest due to their affordability and growth potential, especially when backed by strong financials. In this context, we will explore three penny stocks that stand out for their financial strength and potential in the current economic landscape.

Top 10 Penny Stocks In Canada

Click here to see the full list of 877 stocks from our TSX Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Velocity Minerals (TSXV:VLC)

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

Overview: Velocity Minerals Ltd. focuses on acquiring, exploring, and evaluating mineral resource properties in Bulgaria and Greece, with a market cap of CA$36.49 million.

Operations: No revenue segments are reported for the company.

Market Cap: CA$36.49M

Velocity Minerals Ltd., with a market cap of CA$36.49 million, is a pre-revenue company focusing on mineral exploration in Bulgaria and Greece. Despite having no significant revenue streams, the company's short-term assets exceed both its short-term and long-term liabilities, indicating sound liquidity. The management team and board are experienced, with average tenures of 3.6 and 7.9 years respectively. Velocity has no debt but faces going concern doubts from auditors due to limited cash runway under one year. Recent exploration efforts in Greece show promising mineralization results, potentially enhancing future prospects despite current unprofitability challenges.

• Get an in-depth perspective on Velocity Minerals' performance by reading our balance sheet health report here.
• Explore historical data to track Velocity Minerals' performance over time in our past results report.

Vulcan Minerals (TSXV:VUL)

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

Overview: Vulcan Minerals Inc. focuses on the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, with a market cap of CA$14.87 million.

Operations: No revenue segments have been reported.

Market Cap: CA$14.87M

Vulcan Minerals Inc., with a market cap of CA$14.87 million, is a pre-revenue entity focused on mineral exploration in Newfoundland and Labrador. Despite its unprofitability, the company maintains sound liquidity as its short-term assets of CA$5.5 million surpass both short and long-term liabilities. The board's average tenure of 6.7 years reflects experienced governance, while the absence of debt eliminates interest coverage concerns. However, Vulcan has faced increasing losses over five years at an annual rate of 19%. Recent earnings reports highlight continued net losses, underscoring ongoing financial challenges amidst high share price volatility.

• Click here to discover the nuances of Vulcan Minerals with our detailed analytical financial health report.
• Assess Vulcan Minerals' previous results with our detailed historical performance reports.

Yangarra Resources (TSX:YGR)

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

Overview: Yangarra Resources Ltd. is a junior oil and gas company focused on the exploration, development, and production of natural gas and conventional oil in Western Canada, with a market cap of CA$96.16 million.

Operations: The company's revenue is primarily derived from its operations in the production, exploration, and development of resource properties, totaling CA$118.93 million.

Market Cap: CA$96.16M

Yangarra Resources Ltd., with a market cap of CA$96.16 million, demonstrates certain strengths and challenges typical of penny stocks. The company has maintained high-quality earnings and stable weekly volatility over the past year, supported by a seasoned management team averaging nine years in tenure. While its price-to-earnings ratio is favorable compared to the broader Canadian market, recent performance shows declining production and revenue figures, alongside reduced net profit margins from 27.9% to 19%. Despite these setbacks, Yangarra's debt management remains robust with satisfactory coverage by operating cash flow and interest payments well-covered by EBIT.

• Jump into the full analysis health report here for a deeper understanding of Yangarra Resources.
• Assess Yangarra Resources' future earnings estimates with our detailed growth reports.

Make It Happen

• Jump into our full catalog of 877 TSX Penny Stocks here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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