As the Canadian economy navigates a period of monetary easing, with the Bank of Canada having already cut rates multiple times to support growth amid rising inflation and a softening labor market, investors are increasingly exploring diverse opportunities. Penny stocks, while an old term, continue to capture attention for their potential value and growth prospects in this shifting economic landscape. These smaller or newer companies can offer affordable entry points combined with financial strength that may appeal to those seeking long-term potential amidst current market uncertainties.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$2.51 | CA$63.22M | ✅ 3 ⚠️ 4 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.25 | CA$1.96M | ✅ 2 ⚠️ 4 View Analysis > |
| Fintech Select (TSXV:FTEC) | CA$0.035 | CA$2.8M | ✅ 2 ⚠️ 3 View Analysis > |
| Findev (TSXV:FDI) | CA$0.45 | CA$12.89M | ✅ 2 ⚠️ 4 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$0.95 | CA$625.38M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$0.93 | CA$18.83M | ✅ 2 ⚠️ 4 View Analysis > |
| Amerigo Resources (TSX:ARG) | CA$2.31 | CA$369.82M | ✅ 2 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.84 | CA$202.01M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$1.97 | CA$187.48M | ✅ 3 ⚠️ 1 View Analysis > |
| McChip Resources (TSXV:MCS) | CA$1.49 | CA$8.85M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 425 stocks from our TSX Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
Thinkific Labs (TSX:THNC)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Thinkific Labs Inc. develops, markets, and supports a cloud-based platform for online course creation and management across Canada, the United States, and internationally with a market cap of CA$125.86 million.
Operations: The company's revenue is primarily derived from the development, marketing, and support management of its cloud-based platform, amounting to $70.71 million.
Market Cap: CA$125.86M
Thinkific Labs Inc. has recently shown signs of financial stability, becoming profitable and reporting a net income for the first half of 2025. The company is debt-free, with short-term assets significantly exceeding liabilities, which enhances its financial resilience. Despite trading below estimated fair value, Thinkific's revenue is forecast to grow modestly at 8.24% annually. Strategic rebranding and AI-driven product investments aim to boost engagement and operational efficiency in the expanding education technology market. However, earnings are expected to decline over the next three years, indicating potential challenges ahead in maintaining profitability growth momentum.
- Take a closer look at Thinkific Labs' potential here in our financial health report.
- Understand Thinkific Labs' earnings outlook by examining our growth report.
Sailfish Royalty (TSXV:FISH)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Sailfish Royalty Corp. is involved in acquiring precious metals royalty and streaming agreements, with a market cap of CA$185.58 million.
Operations: The company generates revenue of $2.76 million from its royalties and stream interests.
Market Cap: CA$185.58M
Sailfish Royalty Corp. operates debt-free, with a market cap of CA$185.58 million and generates US$2.76 million in revenue from its royalty interests, though it remains unprofitable. The company has reduced losses by 37.4% annually over five years and maintains stable weekly volatility at 5%. Recent developments include the approval of the Spring Valley Gold Mine Project, expected to significantly enhance cash flow through Sailfish's up-to-3% net smelter return royalty on the project. Despite a recent decline in earnings and revenue, these strategic moves could bolster future financial performance as gold production commences within two to three years.
- Click to explore a detailed breakdown of our findings in Sailfish Royalty's financial health report.
- Gain insights into Sailfish Royalty's future direction by reviewing our growth report.
Thor Explorations (TSXV:THX)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Thor Explorations Ltd., along with its subsidiaries, operates as a gold producer and explorer, with a market cap of CA$625.38 million.
Operations: The company's revenue is primarily generated from the Segilola Mine Project, amounting to $252.80 million.
Market Cap: CA$625.38M
Thor Explorations Ltd. has demonstrated strong financial performance, with recent earnings showing significant growth. For the second quarter of 2025, the company reported sales of US$82.79 million and a net income of US$51.67 million, reflecting robust profitability driven by operations at its Segilola Gold Mine. The management team and board are experienced, contributing to strategic advancements like the ongoing diamond drilling program aimed at extending mine life. Despite volatility in earnings forecasts, Thor's debt-free status and high return on equity position it well within its industry as it continues exploration efforts in Nigeria and Cote d'Ivoire.
- Unlock comprehensive insights into our analysis of Thor Explorations stock in this financial health report.
- Evaluate Thor Explorations' prospects by accessing our earnings growth report.
Seize The Opportunity
- Investigate our full lineup of 425 TSX Penny Stocks right here.
- Want To Explore Some Alternatives? We've found 21 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free.
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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