TSX Penny Stocks To Watch In February 2025

As we enter February 2025, the Canadian market has shown resilience with the TSX rising by 3% this year, despite global economic uncertainties and moderated inflation rates. In such a climate, investors often turn their attention to smaller companies that may offer unique opportunities for growth. While penny stocks are an older term for these smaller or less-established companies, they remain relevant due to their potential for value and growth when backed by strong financials. In this article, we'll explore three promising penny stocks on the TSX that stand out for their financial health and potential upside in today's market conditions.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Alvopetro Energy (TSXV:ALV)	CA$4.83	CA$176.94M	★★★★★★
Findev (TSXV:FDI)	CA$0.52	CA$14.9M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.83	CA$442.31M	★★★★★★
PetroTal (TSX:TAL)	CA$0.69	CA$638.07M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.20	CA$30.36M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.045	CA$4.07M	★★★★★★
Orezone Gold (TSX:ORE)	CA$0.90	CA$416.12M	★★★★★☆
New Gold (TSX:NGD)	CA$4.02	CA$3.26B	★★★★★☆
Foraco International (TSX:FAR)	CA$2.00	CA$196.4M	★★★★★☆
DIRTT Environmental Solutions (TSX:DRT)	CA$1.08	CA$222.42M	★★★★☆☆

Click here to see the full list of 934 stocks from our TSX Penny Stocks screener.

Let's uncover some gems from our specialized screener.

Forsys Metals (TSX:FSY)

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

Overview: Forsys Metals Corp. is involved in the acquisition, exploration, and development of mineral properties in Africa and has a market cap of CA$88.14 million.

Operations: Currently, there are no reported revenue segments for the company.

Market Cap: CA$88.14M

Forsys Metals Corp., with a market cap of CA$88.14 million, is pre-revenue and currently unprofitable, facing challenges with declining earnings forecasts over the next three years. The company remains debt-free and has stable weekly volatility at 12%. Recent strategic moves include appointing Stefano Roma to the board, who holds a significant shareholding through his trading company. Forsys also announced a non-brokered private placement aiming to raise CA$5.28 million, potentially enhancing its cash runway beyond the current five months based on free cash flow estimates. These developments could influence investor sentiment in this volatile segment.

• Click to explore a detailed breakdown of our findings in Forsys Metals' financial health report.
• Explore Forsys Metals' analyst forecasts in our growth report.

Nevada Sunrise Metals (TSXV:NEV)

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

Overview: Nevada Sunrise Metals Corporation is a North American exploration company focused on lithium and copper, with a market cap of CA$2.21 million.

Operations: Nevada Sunrise Metals Corporation has not reported any revenue segments.

Market Cap: CA$2.21M

Nevada Sunrise Metals Corporation, with a market cap of CA$2.21 million, is pre-revenue and currently unprofitable. The company reported a net loss of CA$0.60 million for the year ended September 2024, an improvement from the previous year's loss of CA$2.73 million. Despite having no debt and exceeding its short-term liabilities with assets of CA$507.4K, its cash runway is less than a year if current free cash flow trends persist. The auditor has expressed doubts about its ability to continue as a going concern due to financial challenges and increased share price volatility over recent months.

• Get an in-depth perspective on Nevada Sunrise Metals' performance by reading our balance sheet health report here.
• Gain insights into Nevada Sunrise Metals' past trends and performance with our report on the company's historical track record.

Titan Logix (TSXV:TLA)

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

Overview: Titan Logix Corp. develops, manufactures, and markets technology fluid management solutions in Canada, the United States, and internationally with a market cap of CA$19.98 million.

Operations: The company's revenue primarily comes from its Mobile Liquid Measurement Solutions segment, generating CA$7.50 million.

Market Cap: CA$19.98M

Titan Logix Corp., with a market cap of CA$19.98 million, has shown promising financial performance by becoming profitable in the past year. The company reported first-quarter sales of CA$2.16 million, up from CA$1.51 million the previous year, and net income of CA$0.247 million compared to a loss previously recorded. Titan Logix benefits from having no debt and robust short-term assets (CA$15.1M) that cover both its short-term (CA$753K) and long-term liabilities (CA$565K). Despite a relatively inexperienced management team with an average tenure of 1.8 years, its board is seasoned with an average tenure of 7 years.

• Dive into the specifics of Titan Logix here with our thorough balance sheet health report.
• Learn about Titan Logix's historical performance here.

Seize The Opportunity

• Discover the full array of 934 TSX Penny Stocks right here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Curious About Other Options?

• 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.

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