The Canadian market, while facing challenges such as trade uncertainties and emerging credit concerns, remains resilient with positive corporate earnings growth in both the U.S. and Canada. In this context, identifying stocks that combine affordability with strong financials can be particularly rewarding. Though often seen as a relic of past trading days, penny stocks continue to offer potential for significant returns when they are backed by solid fundamentals.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$2.70 | CA$71.54M | ✅ 3 ⚠️ 4 View Analysis > |
| Zoomd Technologies (TSXV:ZOMD) | CA$2.62 | CA$246.84M | ✅ 3 ⚠️ 2 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.425 | CA$3.34M | ✅ 2 ⚠️ 4 View Analysis > |
| CEMATRIX (TSX:CEMX) | CA$0.37 | CA$52.57M | ✅ 2 ⚠️ 1 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$1.21 | CA$785.05M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$1.04 | CA$18.23M | ✅ 2 ⚠️ 3 View Analysis > |
| Amerigo Resources (TSX:ARG) | CA$2.73 | CA$431.18M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.40 | CA$172.57M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$2.07 | CA$194.14M | ✅ 3 ⚠️ 2 View Analysis > |
| Matachewan Consolidated Mines (TSXV:MCM.A) | CA$0.79 | CA$9.83M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 410 stocks from our TSX Penny Stocks screener.
We'll examine a selection from our screener results.
D-BOX Technologies (TSX:DBO)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: D-BOX Technologies Inc. designs, manufactures, and commercializes haptic motion systems for various industries including theatrical entertainment and simulation across multiple continents, with a market cap of CA$86.22 million.
Operations: The company's revenue is primarily derived from its Theatrical segment at CA$24.91 million, followed by Sim Racing at CA$9.73 million, and Simulation and Training at CA$8.69 million.
Market Cap: CA$86.22M
D-BOX Technologies has shown significant financial improvement, transitioning to profitability with earnings growth of 4255.9% over the past year, surpassing its five-year average. The company's strong financial health is evident as its debt is well covered by operating cash flow and interest payments are comfortably managed by EBIT. Recent executive changes, including the appointment of Naveen Prasad as CEO and strategic leadership realignment, aim to enhance operational efficiency and growth across segments. While shareholder dilution has been minimal recently, insider selling was significant in the last quarter. The board's short tenure suggests ongoing governance restructuring.
- Unlock comprehensive insights into our analysis of D-BOX Technologies stock in this financial health report.
- Learn about D-BOX Technologies' historical performance here.
Hemisphere Energy (TSXV:HME)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Hemisphere Energy Corporation acquires, explores, develops, and produces petroleum and natural gas properties in Canada with a market cap of CA$194.14 million.
Operations: The company generates revenue of CA$82.14 million from its petroleum and natural gas interests.
Market Cap: CA$194.14M
Hemisphere Energy has demonstrated robust financial health, with a market cap of CA$194.14 million and revenue generation of CA$82.14 million from its petroleum and natural gas interests. The company stands out for having no debt, a seasoned management team, and an experienced board. Despite recent earnings declining to CA$7.05 million in Q2 2025 from CA$10.39 million the previous year, Hemisphere maintains strong net profit margins at 38.9%. It also consistently pays dividends, with a recent payout of CAD 0.025 per share, highlighting its commitment to shareholder returns amidst fluctuating revenues and earnings forecasts predicting declines over the next three years.
- Get an in-depth perspective on Hemisphere Energy's performance by reading our balance sheet health report here.
- Review our growth performance report to gain insights into Hemisphere Energy's future.
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$97.22 million.
Operations: The company's revenue is primarily derived from its activities in the production, exploration, and development of resource properties, totaling CA$112.70 million.
Market Cap: CA$97.22M
Yangarra Resources, with a CA$97.22 million market cap, faces challenges as its recent earnings have declined, reporting CA$6.77 million in Q2 2025 compared to CA$9.35 million the previous year. Despite this, the company maintains satisfactory debt management with a net debt to equity ratio of 20.7% and well-covered interest payments by EBIT at 3.3 times coverage. Although revenue is forecasted to grow annually by 7.65%, production guidance for 2025 has been revised downward, reflecting operational hurdles amidst stable weekly volatility and no significant shareholder dilution over the past year.
- Click here and access our complete financial health analysis report to understand the dynamics of Yangarra Resources.
- Understand Yangarra Resources' earnings outlook by examining our growth report.
Turning Ideas Into Actions
- Click this link to deep-dive into the 410 companies within our TSX Penny Stocks screener.
- Curious About Other Options? AI is about to change healthcare. These 33 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.
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.
Valuation is complex, but we're here to simplify it.
Discover if D-BOX Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com