TSX Penny Stocks To Watch In February 2025

The Canadian market is navigating a complex landscape with potential tariff impacts, yet the overall economic backdrop remains supportive, featuring above-trend growth and historically low unemployment rates. In this context, penny stocks—often representing smaller or newer companies—continue to capture investor interest due to their potential for growth at lower price points. By focusing on those with strong balance sheets and solid fundamentals, investors can uncover opportunities that offer both stability and upside in a diversified portfolio strategy.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Alvopetro Energy (TSXV:ALV)	CA$5.00	CA$177.31M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.71	CA$1B	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.70	CA$439.49M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.45	CA$120.49M	★★★★★★
Foraco International (TSX:FAR)	CA$2.39	CA$236.24M	★★★★★☆
Findev (TSXV:FDI)	CA$0.51	CA$14.32M	★★★★★★
PetroTal (TSX:TAL)	CA$0.71	CA$628.96M	★★★★★★
NamSys (TSXV:CTZ)	CA$0.99	CA$26.06M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.04	CA$3.62M	★★★★★★
DIRTT Environmental Solutions (TSX:DRT)	CA$1.17	CA$228.22M	★★★★☆☆

Click here to see the full list of 938 stocks from our TSX Penny Stocks screener.

Here's a peek at a few of the choices from the screener.

California Nanotechnologies (TSXV:CNO)

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

Overview: California Nanotechnologies Corp. focuses on the research, development, and production of nanocrystalline materials through grain size reduction, with a market cap of CA$39.75 million.

Operations: California Nanotechnologies Corp. does not report specific revenue segments.

Market Cap: CA$39.75M

California Nanotechnologies Corp., with a market cap of CA$39.75 million, has shown significant sales growth, reporting US$1.81 million in third-quarter sales compared to US$1.16 million the previous year. Despite being unprofitable, it has reduced losses over the past five years by 49.2% annually and maintains a stable cash runway exceeding three years due to positive free cash flow growth of 20.9% per year. The company is debt-free and trades at 78.4% below its estimated fair value, offering potential for investors seeking undervalued opportunities in the nanotechnology sector with experienced management and board oversight.

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

Oceanic Iron Ore (TSXV:FEO)

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

Overview: Oceanic Iron Ore Corp. is an exploration stage company focused on acquiring and exploring iron ore properties in Québec, Canada, with a market cap of CA$25.17 million.

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

Market Cap: CA$25.17M

Oceanic Iron Ore Corp., with a market cap of CA$25.17 million, is pre-revenue and reported a net loss of CA$3.37 million for the third quarter of 2024. The company's share price has been highly volatile over the past three months, and its debt-to-equity ratio has increased to 32.7% over five years, though it remains satisfactory at 27.3%. Oceanic's short-term assets (CA$1.9M) do not cover its short-term liabilities (CA$12.1M), but they exceed long-term liabilities (CA$483.1K). The company has a cash runway exceeding one year based on current free cash flow levels.

• Unlock comprehensive insights into our analysis of Oceanic Iron Ore stock in this financial health report.
• Gain insights into Oceanic Iron Ore's historical outcomes by reviewing our past performance report.

Sun Peak Metals (TSXV:PEAK)

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

Overview: Sun Peak Metals Corp. is a junior mining company focused on acquiring, exploring, and developing resource properties for precious and base metals in Ethiopia, with a market cap of CA$30.05 million.

Operations: Currently, there are no reported revenue segments for this junior mining company focused on resource properties in Ethiopia.

Market Cap: CA$30.05M

Sun Peak Metals Corp., with a market cap of CA$30.05 million, is a pre-revenue junior mining company focused on exploration in Ethiopia. The company has no debt and its short-term assets (CA$2.9M) comfortably exceed its short-term liabilities (CA$33K). Despite being unprofitable, Sun Peak has reduced losses over the past five years by 6.9% annually and maintains a cash runway for over two years if free cash flow continues to grow at historical rates. Recent updates on the Shire Project highlight promising exploration results, particularly at the Meli Trend and Anguda North Target, which are key focus areas for 2025 drilling activities.

• Take a closer look at Sun Peak Metals' potential here in our financial health report.
• Review our historical performance report to gain insights into Sun Peak Metals' track record.

Taking Advantage

• Navigate through the entire inventory of 938 TSX Penny Stocks here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Contemplating Other Strategies?

• 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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