Despite the challenges posed by rising tariff rates, Canadian markets have shown resilience, with inflation and economic data remaining stable. For investors exploring beyond well-known names, penny stocks—often representing smaller or newer companies—continue to hold potential value despite the term's outdated feel. By focusing on those with robust financials and a clear growth trajectory, investors may uncover opportunities that balance stability with potential upside in the ever-evolving market landscape.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$0.66 | CA$67.77M | ✅ 3 ⚠️ 3 View Analysis > |
| Fintech Select (TSXV:FTEC) | CA$0.03 | CA$2M | ✅ 2 ⚠️ 3 View Analysis > |
| Foraco International (TSX:FAR) | CA$1.76 | CA$177.53M | ✅ 4 ⚠️ 1 View Analysis > |
| Findev (TSXV:FDI) | CA$0.42 | CA$12.18M | ✅ 2 ⚠️ 4 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$0.775 | CA$518.93M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.54 | CA$174.09M | ✅ 2 ⚠️ 1 View Analysis > |
| Avino Silver & Gold Mines (TSX:ASM) | CA$4.94 | CA$698.44M | ✅ 3 ⚠️ 1 View Analysis > |
| ACT Energy Technologies (TSX:ACX) | CA$4.84 | CA$158.9M | ✅ 4 ⚠️ 2 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$1.94 | CA$185.15M | ✅ 3 ⚠️ 1 View Analysis > |
| McChip Resources (TSXV:MCS) | CA$1.65 | CA$10.28M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 454 stocks from our TSX Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
BeWhere Holdings (TSXV:BEW)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: BeWhere Holdings Inc. is an industrial Internet of Things (IIoT) solutions company that designs, manufactures, and sells hardware with sensors and software applications for tracking real-time information on equipment, tools, and inventory both in-transit and at facilities, with a market cap of CA$70.91 million.
Operations: The company generates revenue primarily from its Software & Programming segment, amounting to CA$18.25 million.
Market Cap: CA$70.91M
BeWhere Holdings Inc., with a market cap of CA$70.91 million, is gaining attention for its IIoT solutions, notably partnering with HGlobal to enhance paramedic services using its BeMini 5G tracker. Despite a decline in net profit margin from 6% to 3.2%, the company remains financially stable with more cash than debt and well-covered liabilities. Its revenue from the Software & Programming segment reached CA$18.25 million, though earnings growth has been negative recently at -24%. The board and management are experienced, ensuring strategic oversight as they explore potential share buybacks to optimize capital structure.
- Take a closer look at BeWhere Holdings' potential here in our financial health report.
- Examine BeWhere Holdings' past performance report to understand how it has performed in prior years.
enCore Energy (TSXV:EU)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: enCore Energy Corp. focuses on the acquisition, exploration, development, and extraction of uranium resource properties in the United States, with a market cap of CA$761.81 million.
Operations: The company's revenue is primarily generated from the acquisition, exploration, and development of mineral properties, amounting to $46.18 million.
Market Cap: CA$761.81M
enCore Energy Corp., with a market cap of CA$761.81 million, is focused on uranium resource development in the U.S. Despite its unprofitable status and recent removal from several Russell Growth Benchmarks, the company shows operational progress at its Alta Mesa project, achieving record uranium extraction rates. The firm has a cash runway for less than a year based on current free cash flow but maintains more cash than debt and covers both short- and long-term liabilities with assets. Management changes aim to enhance operational efficiency as enCore advances wellfield expansion strategies in Texas projects.
- Navigate through the intricacies of enCore Energy with our comprehensive balance sheet health report here.
- Review our growth performance report to gain insights into enCore Energy's future.
Lara Exploration (TSXV:LRA)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Lara Exploration Ltd., with a market cap of CA$115.42 million, operates through its subsidiaries to acquire, explore, develop, and evaluate mineral properties in Brazil, Peru, and Chile.
Operations: Lara Exploration Ltd. has not reported any specific revenue segments at this time.
Market Cap: CA$115.42M
Lara Exploration Ltd., with a market cap of CA$115.42 million, is pre-revenue and debt-free, focusing on mineral properties in South America. While the company remains unprofitable with losses increasing at 18.2% annually over five years, its short-term assets of CA$4.7 million comfortably cover liabilities of CA$114.9K. Lara's experienced board and management team provide stability amid financial challenges, and the firm has sufficient cash runway for over a year despite declining free cash flow trends. Recent earnings show reduced quarterly losses compared to last year, reflecting slight operational improvements without shareholder dilution concerns.
- Dive into the specifics of Lara Exploration here with our thorough balance sheet health report.
- Gain insights into Lara Exploration's past trends and performance with our report on the company's historical track record.
Seize The Opportunity
- Click here to access our complete index of 454 TSX Penny Stocks.
- Interested In Other Possibilities? Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
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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