Amidst the current economic landscape, characterized by cautious central bank guidance and potential market volatility, investors are keeping a close eye on interest rate decisions that could impact growth and inflation expectations. For those willing to explore beyond established names, penny stocks offer an intriguing opportunity. Although the term might seem dated, these stocks—often representing smaller or emerging companies—can provide a blend of affordability and growth potential when backed by strong financials.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$3.27 | CA$80.9M | ✅ 3 ⚠️ 4 View Analysis > |
| Canso Select Opportunities (TSXV:CSOC.A) | CA$4.50 | CA$23.17M | ✅ 2 ⚠️ 2 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.30 | CA$2.71M | ✅ 2 ⚠️ 4 View Analysis > |
| CEMATRIX (TSX:CEMX) | CA$0.37 | CA$51.82M | ✅ 2 ⚠️ 1 View Analysis > |
| Zedcor (TSXV:ZDC) | CA$4.66 | CA$497.13M | ✅ 3 ⚠️ 2 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$1.24 | CA$785.05M | ✅ 3 ⚠️ 2 View Analysis > |
| Amerigo Resources (TSX:ARG) | CA$2.55 | CA$413.42M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.67 | CA$180.69M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$2.15 | CA$203.15M | ✅ 3 ⚠️ 1 View Analysis > |
| Matachewan Consolidated Mines (TSXV:MCM.A) | CA$0.72 | CA$8.71M | ✅ 2 ⚠️ 3 View Analysis > |
Click here to see the full list of 412 stocks from our TSX Penny Stocks screener.
Here's a peek at a few of the choices from the screener.
Sailfish Royalty (TSXV:FISH)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Sailfish Royalty Corp. focuses on acquiring precious metals royalty and streaming agreements, with a market cap of CA$224.05 million.
Operations: The company generates revenue of $2.76 million from its royalties and stream interests.
Market Cap: CA$224.05M
Sailfish Royalty Corp., with a market cap of CA$224.05 million, remains a noteworthy entity in the penny stock realm due to its strategic focus on precious metals royalties and streaming agreements. Despite being unprofitable and generating limited revenue, the company is debt-free and has not significantly diluted shareholders recently. Its experienced management team and board offer stability, while recent developments such as share buybacks signal confidence in its valuation. The approval for construction at Spring Valley Gold Mine could potentially enhance future cash flows through its up-to-3% net smelter return royalty on this project.
- Click here and access our complete financial health analysis report to understand the dynamics of Sailfish Royalty.
- Review our growth performance report to gain insights into Sailfish Royalty's future.
Scandium International Mining (TSXV:SCY)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Scandium International Mining Corp. is engaged in the exploration, evaluation, and development of specialty metals assets in Australia, with a market cap of CA$19.52 million.
Operations: Scandium International Mining Corp. does not report any revenue segments as it focuses on the exploration and development of specialty metals assets in Australia.
Market Cap: CA$19.52M
Scandium International Mining Corp., with a market cap of CA$19.52 million, is pre-revenue and focuses on developing specialty metals assets in Australia. The company is debt-free, though its short-term liabilities exceed its short-term assets by US$89K. It has less than a year of cash runway if free cash flow grows at historical rates but more than a year if it remains stable. Despite reducing losses by 36.5% annually over the past five years, recent earnings reports show increased net losses compared to the previous year. Its share price has been highly volatile recently, reflecting broader challenges in the penny stock sector.
- Get an in-depth perspective on Scandium International Mining's performance by reading our balance sheet health report here.
- Assess Scandium International Mining's previous results with our detailed historical performance reports.
Teuton Resources (TSXV:TUO)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Teuton Resources Corp. is an exploration stage company focused on acquiring, exploring, and dealing with mineral properties in Canada, with a market cap of CA$89.62 million.
Operations: No revenue segments are reported for this exploration stage company.
Market Cap: CA$89.62M
Teuton Resources Corp., with a market cap of CA$89.62 million, is pre-revenue and debt-free, focusing on mineral exploration in Canada's Golden Triangle. Recent activities include drilling at the Ram property targeting porphyry copper-gold and VMS zones, potentially benefiting from regional exploration momentum. The company holds strategic land positions within Goliath Resources' expanded holdings and has a 20% interest in the Treaty Creek JV with Tudor Gold. Despite its unprofitability and increasing losses over recent years, Teuton's sufficient cash runway for over three years provides financial stability as it continues its exploratory efforts.
- Dive into the specifics of Teuton Resources here with our thorough balance sheet health report.
- Review our historical performance report to gain insights into Teuton Resources' track record.
Make It Happen
- Discover the full array of 412 TSX Penny Stocks right here.
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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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