Despite rising tariff rates, the Canadian market has shown resilience, with inflation and economic data remaining steady. For investors interested in smaller or newer companies, penny stocks—though an outdated term—still present intriguing opportunities. These stocks can offer a mix of value and growth potential when backed by strong financials, making them an appealing choice for those seeking hidden gems in the market.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$0.69 | CA$69.79M | ✅ 3 ⚠️ 3 View Analysis > |
| illumin Holdings (TSX:ILLM) | CA$2.11 | CA$108.9M | ✅ 4 ⚠️ 1 View Analysis > |
| Fintech Select (TSXV:FTEC) | CA$0.03 | CA$2.4M | ✅ 2 ⚠️ 3 View Analysis > |
| Findev (TSXV:FDI) | CA$0.425 | CA$12.18M | ✅ 2 ⚠️ 4 View Analysis > |
| Mandalay Resources (TSX:MND) | CA$4.51 | CA$427.48M | ✅ 4 ⚠️ 0 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$0.74 | CA$492.32M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.47 | CA$176.12M | ✅ 1 ⚠️ 1 View Analysis > |
| ACT Energy Technologies (TSX:ACX) | CA$4.53 | CA$153.38M | ✅ 4 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$1.95 | CA$186.11M | ✅ 3 ⚠️ 1 View Analysis > |
| McChip Resources (TSXV:MCS) | CA$1.56 | CA$8.91M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 450 stocks from our TSX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
EcoSynthetix (TSX:ECO)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: EcoSynthetix Inc. is a renewable chemicals company that develops and commercializes bio-based technologies to replace synthetic, petrochemical-based chemicals globally, with a market cap of CA$240.51 million.
Operations: The company's revenue is derived entirely from its Biopolymer Nanosphere Technology Platform, generating $17.89 million.
Market Cap: CA$240.51M
EcoSynthetix, with a market cap of CA$240.51 million, is a renewable chemicals company leveraging its Biopolymer Nanosphere Technology Platform to generate US$17.89 million in revenue. Despite being unprofitable with a negative return on equity, the company remains debt-free and has sufficient cash runway for over three years based on current free cash flow. Recent developments include a share repurchase program aimed at buying back up to 4,094,000 shares by May 2026. The board has seen changes with the retirement of long-serving Chair Paul Lucas after ten years on the board.
- Get an in-depth perspective on EcoSynthetix's performance by reading our balance sheet health report here.
- Explore historical data to track EcoSynthetix's performance over time in our past results report.
Mega Uranium (TSX:MGA)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Mega Uranium Ltd. is a uranium mining and investment company focused on exploring uranium properties mainly in Canada and Australia, with a market cap of CA$111.03 million.
Operations: Mega Uranium Ltd. currently does not report any revenue segments.
Market Cap: CA$111.03M
Mega Uranium Ltd., with a market cap of CA$111.03 million, is pre-revenue and currently unprofitable, reporting a net loss of CA$9.6 million for the second quarter of 2025. Despite this, the company benefits from an experienced management team and board, with average tenures exceeding nine years. Its short-term assets surpass both short- and long-term liabilities, providing financial stability amidst its challenges. The company has maintained a stable weekly volatility over the past year and holds sufficient cash runway for more than three years due to positive free cash flow levels, despite increasing losses over five years.
- Click to explore a detailed breakdown of our findings in Mega Uranium's financial health report.
- Learn about Mega Uranium's historical performance here.
Sama Resources (TSXV:SME)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Sama Resources Inc. is engaged in the exploration and development of mineral properties in West Africa and Canada, with a market cap of CA$17.61 million.
Operations: Sama Resources Inc. does not report any revenue segments.
Market Cap: CA$17.61M
Sama Resources Inc., with a market cap of CA$17.61 million, is a pre-revenue company focused on mineral exploration in West Africa and Canada. Despite being unprofitable, it has reduced losses significantly over the past five years. The company has no debt and its short-term assets exceed liabilities, providing some financial stability. Recent developments include infill drilling at the Grata Deposit to upgrade resource confidence and expand potential polymetallic mining operations. The management team is experienced with an average tenure of 10.8 years, supporting ongoing exploration efforts aimed at establishing a world-class mining district in Côte d'Ivoire.
- Jump into the full analysis health report here for a deeper understanding of Sama Resources.
- Gain insights into Sama Resources' historical outcomes by reviewing our past performance report.
Taking Advantage
- Investigate our full lineup of 450 TSX Penny Stocks right 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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