TSX Penny Stocks To Watch In February 2025

As the Canadian market navigates the complexities of potential tariff impacts, investors are urged to focus on diversification and quality investments amid anticipated volatility. Penny stocks, often overlooked due to their outdated name, remain a compelling segment for those interested in smaller or newer companies that might offer growth potential. With financial strength as a key criterion, these stocks can present unique opportunities for value and stability even amidst broader economic uncertainties.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Alvopetro Energy (TSXV:ALV)	CA$5.00	CA$182.24M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.63	CA$444.19M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.54	CA$124.55M	★★★★★★
Foraco International (TSX:FAR)	CA$2.40	CA$237.23M	★★★★★☆
Silvercorp Metals (TSX:SVM)	CA$4.97	CA$993.59M	★★★★★☆
Findev (TSXV:FDI)	CA$0.465	CA$14.61M	★★★★★★
PetroTal (TSX:TAL)	CA$0.72	CA$638.07M	★★★★★★
NamSys (TSXV:CTZ)	CA$0.96	CA$26.86M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.04	CA$4.07M	★★★★★★
Orezone Gold (TSX:ORE)	CA$0.89	CA$397.63M	★★★★★☆

Click here to see the full list of 943 stocks from our TSX Penny Stocks screener.

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

Base Carbon (NEOE:BCBN)

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

Overview: Base Carbon Inc. provides capital, development expertise, and management resources to projects in voluntary carbon and broader environmental markets, with a market cap of CA$43.18 million.

Operations: The company's revenue segment is focused on the development and deployment of its projects, generating -$6.05 million.

Market Cap: CA$43.18M

Base Carbon Inc., with a market cap of CA$43.18 million, focuses on voluntary carbon and environmental markets. Despite being pre-revenue, recent earnings show a revenue of US$2.16 million for Q3 2024, marking an improvement from previous losses. The company is debt-free, with short-term assets of $48.3M exceeding liabilities, providing financial stability despite negative returns on equity and past revenue declines. Its board and management are experienced, with average tenures of three and 2.4 years respectively. Trading at 86% below estimated fair value suggests potential upside if operational improvements continue alongside projected revenue growth forecasts.

• Navigate through the intricacies of Base Carbon with our comprehensive balance sheet health report here.
• Review our growth performance report to gain insights into Base Carbon's future.

Alta Copper (TSX:ATCU)

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

Overview: Alta Copper Corp. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties, with a market cap of CA$34.39 million.

Operations: No revenue segments have been reported for Alta Copper (TSX:ATCU).

Market Cap: CA$34.39M

Alta Copper Corp., with a market cap of CA$34.39 million, is pre-revenue and has faced increasing losses over the past five years. The company is debt-free and its short-term assets ($2.2M) comfortably cover its short-term liabilities ($792.9K), but it has less than a year of cash runway if current cash outflows persist. While management is experienced with an average tenure of 5.8 years, the board's average tenure of 2.4 years suggests relative inexperience. Recent participation in industry conferences may enhance visibility, yet financial constraints remain a concern for potential investors in this volatile penny stock environment.

• Click here to discover the nuances of Alta Copper with our detailed analytical financial health report.
• Evaluate Alta Copper's historical performance by accessing our past performance report.

Consolidated Lithium Metals (TSXV:CLM)

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

Overview: Consolidated Lithium Metals Inc. focuses on acquiring, exploring, and developing mineral properties in Canada with a market cap of CA$3.68 million.

Operations: The company does not report any specific revenue segments.

Market Cap: CA$3.68M

Consolidated Lithium Metals Inc., with a market cap of CA$3.68 million, is pre-revenue and has experienced increasing losses over the past five years. The company remains debt-free, with short-term assets (CA$351K) exceeding both short-term (CA$316.5K) and long-term liabilities (CA$48K). Despite high share price volatility and a limited cash runway, recent soil sampling results from its properties in Quebec have identified lithium anomalies, positioning these areas as high-priority exploration targets for 2025. While management tenure data is insufficient, the board's average tenure of 6.4 years suggests stability amidst financial challenges in this speculative penny stock arena.

• Take a closer look at Consolidated Lithium Metals' potential here in our financial health report.
• Assess Consolidated Lithium Metals' previous results with our detailed historical performance reports.

Make It Happen

• Reveal the 943 hidden gems among our TSX Penny Stocks screener with a single click here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Jump on the AI train with fast growing tech companies forging a new era of innovation.
• Find companies with promising cash flow potential yet trading below their fair value.

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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