Discover 3 TSX Penny Stocks Under CA$30M Market Cap

The Canadian market has shown resilience with the TSX index rising since President Trump's inauguration, despite uncertainties surrounding new U.S. tariff plans. For investors looking beyond established names, penny stocks—often representing smaller or newer companies—can offer intriguing opportunities. While the term "penny stock" might seem outdated, these investments continue to present potential growth prospects at accessible price points, especially when backed by strong financials and fundamentals.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Alvopetro Energy (TSXV:ALV)	CA$5.05	CA$180.96M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.55	CA$970.33M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.77	CA$429.16M	★★★★★★
Foraco International (TSX:FAR)	CA$2.34	CA$217.54M	★★★★★☆
PetroTal (TSX:TAL)	CA$0.68	CA$610.81M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.49	CA$116.42M	★★★★★★
Findev (TSXV:FDI)	CA$0.50	CA$13.75M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.05	CA$26.86M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.04	CA$3.62M	★★★★★★
Hemisphere Energy (TSXV:HME)	CA$1.86	CA$178.64M	★★★★★☆

Click here to see the full list of 931 stocks from our TSX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Starcore International Mines (TSX:SAM)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Starcore International Mines Ltd., operating through its subsidiary Compañia Minera Peña de Bernal, focuses on mining activities and has a market cap of CA$8.69 million.

Operations: The company's revenue is derived from its Gold and Silver Mining segment, totaling CA$29.90 million.

Market Cap: CA$8.69M

Starcore International Mines Ltd. has demonstrated financial resilience, with short-term assets of CA$9.2 million exceeding both its short and long-term liabilities, suggesting solid liquidity. Despite recent volatility in share price and a low return on equity of 6.9%, the company benefits from a seasoned management team with an average tenure of 15 years and no debt burden, enhancing its financial stability. The recent earnings report showed revenue for six months at CA$13.78 million, indicating growth compared to the previous year despite a net loss reduction to CA$1.69 million from CA$2.74 million, underscoring efforts towards profitability improvement.

• Navigate through the intricacies of Starcore International Mines with our comprehensive balance sheet health report here.
• Assess Starcore International Mines' previous results with our detailed historical performance reports.

Kestrel Gold (TSXV:KGC)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Kestrel Gold Inc. is an early-stage exploration company focused on acquiring, exploring, and evaluating mineral properties in Canada, with a market cap of CA$4.27 million.

Operations: Kestrel Gold Inc. does not report any revenue segments as it is an early-stage exploration company focused on mineral properties in Canada.

Market Cap: CA$4.27M

Kestrel Gold Inc., an early-stage exploration company, remains pre-revenue with a market cap of CA$4.27 million and no long-term liabilities. Despite reducing losses by 5.8% annually over the past five years, its financial outlook is challenged by a cash runway of less than one year and auditor doubts regarding its going concern status. Recent developments include Centerra Gold's ongoing exploration efforts on Kestrel's QCM property in British Columbia, which could potentially enhance future prospects if successful; however, the company's share price has been highly volatile recently, reflecting inherent risks in such early-stage ventures.

• Unlock comprehensive insights into our analysis of Kestrel Gold stock in this financial health report.
• Explore historical data to track Kestrel Gold's performance over time in our past results report.

Pivotree (TSXV:PVT)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Pivotree Inc. is a company that designs, integrates, deploys, and manages digital platforms for commerce, data management, and supply chain solutions for retail and branded manufacturers in Canada and internationally with a market cap of CA$26.93 million.

Operations: Pivotree generates revenue through its Professional Services segment, which accounts for CA$43.05 million, and its Managed & IP Solutions (MIPS) & Legacy Managed Services (LMS) segment, contributing CA$37.99 million.

Market Cap: CA$26.93M

Pivotree Inc., with a market cap of CA$26.93 million, faces challenges as it remains unprofitable and its losses have increased over the past five years. Despite these hurdles, the company has no debt and maintains sufficient cash runway for over a year. Recent earnings reports show declining sales, but Pivotree's collaboration with Sonepar Canada demonstrates its potential in digital transformation through innovative solutions like the DIVE platform. Trading at good value compared to peers, Pivotree's stock hasn't been diluted recently, though profitability is not anticipated in the near term according to analyst forecasts.

• Get an in-depth perspective on Pivotree's performance by reading our balance sheet health report here.
• Gain insights into Pivotree's future direction by reviewing our growth report.

Taking Advantage

• Click through to start exploring the rest of the 928 TSX Penny Stocks now.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Interested In Other Possibilities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Jump on the AI train with fast growing tech companies forging a new era of innovation.
• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com