In Canada, recent economic indicators suggest a stabilization in the labor market and inflation levels that align with expectations, contributing to a broader sense of cautious optimism among investors. As markets experience fluctuations and potential corrections, investors often seek opportunities that balance affordability with growth potential. Penny stocks, though sometimes viewed as an outdated term, continue to offer intriguing possibilities for those looking to invest in smaller or newer companies with strong financials.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$3.22 | CA$81.4M | ✅ 3 ⚠️ 4 View Analysis > |
| Canso Select Opportunities (TSXV:CSOC.A) | CA$4.50 | CA$22.73M | ✅ 2 ⚠️ 2 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.54 | CA$2.38M | ✅ 2 ⚠️ 4 View Analysis > |
| CEMATRIX (TSX:CEMX) | CA$0.36 | CA$54.82M | ✅ 2 ⚠️ 1 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$1.37 | CA$878.19M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$1.05 | CA$22.99M | ✅ 2 ⚠️ 3 View Analysis > |
| Amerigo Resources (TSX:ARG) | CA$2.72 | CA$436.03M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.57 | CA$180.69M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$2.18 | CA$213.59M | ✅ 3 ⚠️ 1 View Analysis > |
| Matachewan Consolidated Mines (TSXV:MCM.A) | CA$0.84 | CA$10.7M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 414 stocks from our TSX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
American Pacific Mining (CNSX:USGD)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: American Pacific Mining Corp. focuses on the exploration and development of precious and base metals in the Western United States, with a market cap of CA$42.72 million.
Operations: Currently, there are no specific revenue segments reported for the company.
Market Cap: CA$42.72M
American Pacific Mining Corp., with a market cap of CA$42.72 million, is pre-revenue and debt-free, offering potential upside through its exploration projects. Recent developments include a drill permit for the Madison Copper-Gold Project in Montana, enabling extensive drilling on high-priority targets. This follows successful surface sampling revealing high-grade mineralization and an expanded project footprint. Despite recent net losses, these strategic moves could enhance resource estimates and project value. The company's experienced management team and board provide stability as they pursue district-scale exploration opportunities in promising geological settings across their properties.
- Click to explore a detailed breakdown of our findings in American Pacific Mining's financial health report.
- Assess American Pacific Mining's previous results with our detailed historical performance reports.
Globex Mining Enterprises (TSX:GMX)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Globex Mining Enterprises Inc. is involved in the acquisition, exploration, and development of mineral properties in North America, with a market cap of CA$84.14 million.
Operations: The company's revenue is primarily derived from its Metals & Mining segment, specifically Gold & Other Precious Metals, amounting to CA$0.98 million.
Market Cap: CA$84.14M
Globex Mining Enterprises, with a market cap of CA$84.14 million, is pre-revenue and debt-free, focusing on strategic mineral property acquisitions across North America. Recent developments include the acquisition of a 100% interest in the Blackcliff Gold Mine Property in Quebec and promising exploration results from its Bald Hill Antimony Property in New Brunswick. The company also announced significant assay results from its Red Star Project in Nevada, highlighting high-grade silver and gold potential. With an experienced management team and board, Globex is positioned to leverage these assets despite recent financial challenges impacting earnings growth.
- Unlock comprehensive insights into our analysis of Globex Mining Enterprises stock in this financial health report.
- Gain insights into Globex Mining Enterprises' past trends and performance with our report on the company's historical track record.
Santacruz Silver Mining (TSXV:SCZ)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Santacruz Silver Mining Ltd. is involved in the acquisition, exploration, development, production, and operation of mineral properties in Latin America with a market cap of CA$991.86 million.
Operations: The company's revenue is derived from its operations at Porco ($40.12 million), Bolivar ($82.69 million), Zimapan ($90.00 million), SAN Lucas ($88.04 million), and the Caballo Blanco Group ($73.94 million).
Market Cap: CA$991.86M
Santacruz Silver Mining Ltd. has demonstrated a strong financial position, with short-term assets of $159.9 million exceeding both its short and long-term liabilities. The company reported second-quarter sales of US$73.3 million, an increase from the previous year, and net income rose significantly to US$20.98 million from US$1.45 million a year ago, indicating improved profitability despite decreased production volumes across silver and other metals. The company's debt is well-covered by operating cash flow at 341%, reflecting robust liquidity management amidst insider selling activities in recent months and ongoing structured payments for Bolivian asset acquisitions totaling USD 40 million by October 2025.
- Dive into the specifics of Santacruz Silver Mining here with our thorough balance sheet health report.
- Gain insights into Santacruz Silver Mining's outlook and expected performance with our report on the company's earnings estimates.
Make It Happen
- Gain an insight into the universe of 414 TSX Penny Stocks by clicking here.
- Looking For Alternative Opportunities? 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.
Valuation is complex, but we're here to simplify it.
Discover if American Pacific Mining might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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