As the Canadian market navigates a landscape of potential interest rate cuts and fiscal stimulus, investors are keenly watching for opportunities amid the volatility. Penny stocks, often associated with smaller or newer companies, continue to offer intriguing prospects despite their vintage label. When these stocks boast strong financial health and solid fundamentals, they can present valuable growth opportunities in today's market conditions.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$2.15 | CA$54.37M | ✅ 3 ⚠️ 4 View Analysis > |
| Canso Select Opportunities (TSXV:CSOC.A) | CA$4.79 | CA$22.99M | ✅ 2 ⚠️ 2 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.34 | CA$2.84M | ✅ 2 ⚠️ 4 View Analysis > |
| CEMATRIX (TSX:CEMX) | CA$0.29 | CA$42.06M | ✅ 2 ⚠️ 1 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$1.09 | CA$731.83M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$0.95 | CA$18.83M | ✅ 2 ⚠️ 3 View Analysis > |
| Amerigo Resources (TSX:ARG) | CA$2.43 | CA$381.12M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.54 | CA$177.64M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$1.98 | CA$187.01M | ✅ 3 ⚠️ 1 View Analysis > |
| Matachewan Consolidated Mines (TSXV:MCM.A) | CA$0.69 | CA$8.21M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 409 stocks from our TSX Penny Stocks screener.
Let's dive into some prime choices out of the screener.
Forsys Metals (TSX:FSY)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Forsys Metals Corp. is involved in acquiring, exploring, and developing uranium mineral properties in Africa, with a market cap of CA$117.98 million.
Operations: Forsys Metals Corp. does not report any revenue segments.
Market Cap: CA$117.98M
Forsys Metals Corp., with a market cap of CA$117.98 million, is pre-revenue and focused on uranium exploration in Africa. Recent drilling results from the Norasa Uranium project indicate potential for expanding resources at various deposits, including Valencia and Namibplaas. The company remains debt-free but faces financial challenges with less than a year of cash runway and consistent losses over five years. Despite its seasoned management team, Forsys's share price has been highly volatile recently, reflecting the inherent risks associated with investing in such early-stage mining ventures without significant revenue streams yet established.
- Unlock comprehensive insights into our analysis of Forsys Metals stock in this financial health report.
- Assess Forsys Metals' previous results with our detailed historical performance reports.
Empress Royalty (TSXV:EMPR)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Empress Royalty Corp. is involved in developing and investing in a portfolio of precious metal royalty and streaming interests in Canada, with a market capitalization of CA$114.88 million.
Operations: The company's revenue of $12.56 million is derived from the acquisition of mining royalty and streaming interests.
Market Cap: CA$114.88M
Empress Royalty Corp., with a market cap of CA$114.88 million, has transitioned to profitability, reporting a net income of US$1.14 million for Q2 2025. The company’s earnings growth over the past five years has been robust at 33.3% annually, supported by high-quality earnings and effective debt management as operating cash flow covers debt well. Despite trading significantly below estimated fair value, Empress's return on equity remains low at 18.1%. The experienced management team and board are complemented by stable weekly volatility in its stock performance, making it an intriguing option for those exploring penny stocks within the precious metals sector.
- Take a closer look at Empress Royalty's potential here in our financial health report.
- Gain insights into Empress Royalty's outlook and expected performance with our report on the company's earnings estimates.
Mene (TSXV:MENE)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Mene Inc. designs, manufactures, and markets 24 karat gold and platinum jewelry globally, with a market cap of CA$33.78 million.
Operations: The company generates CA$27.47 million in revenue from its Jewelry & Watches segment.
Market Cap: CA$33.78M
Mene Inc., with a market cap of CA$33.78 million, operates in the Jewelry & Watches segment, generating CA$27.47 million in revenue. Despite being unprofitable, Mene has reduced its losses by 30.2% annually over five years and maintains a positive cash flow, ensuring a cash runway exceeding three years without debt obligations. The company's short-term assets significantly cover both short and long-term liabilities, indicating financial stability amidst high share price volatility. Its experienced board and management team provide strategic oversight while shareholders have not faced meaningful dilution recently, making it an interesting prospect for those considering penny stocks in Canada’s luxury sector.
- Click here to discover the nuances of Mene with our detailed analytical financial health report.
- Examine Mene's past performance report to understand how it has performed in prior years.
Next Steps
- Get an in-depth perspective on all 409 TSX Penny Stocks by using our screener 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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