As the Canadian market navigates through potential rate cuts and economic stabilization, investors are keeping a close eye on opportunities that may arise from these shifting conditions. Penny stocks, though an older term, continue to capture interest due to their potential for growth within smaller or newer companies. By focusing on those with strong financial health and clear growth trajectories, investors can uncover promising opportunities in this niche segment of the market.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$2.44 | CA$54.37M | ✅ 3 ⚠️ 4 View Analysis > |
| Canso Select Opportunities (TSXV:CSOC.A) | CA$4.79 | CA$20.72M | ✅ 2 ⚠️ 2 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.33 | CA$2.84M | ✅ 2 ⚠️ 4 View Analysis > |
| CEMATRIX (TSX:CEMX) | CA$0.315 | CA$43.56M | ✅ 2 ⚠️ 1 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$1.07 | CA$725.17M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$1.00 | CA$18.83M | ✅ 2 ⚠️ 3 View Analysis > |
| Amerigo Resources (TSX:ARG) | CA$2.37 | CA$392.42M | ✅ 3 ⚠️ 2 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$3.48 | CA$179.67M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$2.00 | CA$187.96M | ✅ 3 ⚠️ 1 View Analysis > |
| Matachewan Consolidated Mines (TSXV:MCM.A) | CA$0.67 | CA$8.59M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 408 stocks from our TSX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
CEMATRIX (TSX:CEMX)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: CEMATRIX Corporation, with a market cap of CA$43.56 million, specializes in the onsite production of cellular concrete for infrastructure, industrial, and commercial construction markets across North America.
Operations: The company generates revenue primarily from the supply and placement of cellular concrete, amounting to CA$37.75 million.
Market Cap: CA$43.56M
CEMATRIX Corporation, with a market cap of CA$43.56 million, has demonstrated solid financial health and growth prospects within the penny stock segment. The company recently reported significant revenue growth, achieving CA$10.63 million in Q2 2025 sales compared to CA$6.44 million a year ago, and transitioned from a net loss to net income of CA$1.33 million for the quarter. CEMATRIX's short-term assets exceed its liabilities, ensuring liquidity stability while maintaining well-covered debt levels by operating cash flow. Recent contract wins totaling $11.9 million bolster its order book and support future revenue streams in North America’s construction markets.
- Click to explore a detailed breakdown of our findings in CEMATRIX's financial health report.
- Assess CEMATRIX's future earnings estimates with our detailed growth reports.
McCoy Global (TSX:MCB)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: McCoy Global Inc. offers equipment and technologies for tubular running operations to improve wellbore integrity and data collection in the energy industry across various global regions, with a market cap of CA$89.94 million.
Operations: The company generates revenue of CA$84.46 million from its Energy Products & Services (EP&S) segment.
Market Cap: CA$89.94M
McCoy Global Inc., with a market cap of CA$89.94 million, operates in the energy sector providing equipment for tubular running operations. The company reported Q2 2025 earnings with sales of CA$24.05 million and net income of CA$1.37 million, though profits have declined compared to the previous year. Despite this, McCoy's financial position remains robust, being debt-free with short-term assets exceeding both long-term and short-term liabilities significantly. A recent share repurchase program highlights management's confidence in the company's valuation and future prospects, although dividends remain not well covered by free cash flows at present levels.
- Unlock comprehensive insights into our analysis of McCoy Global stock in this financial health report.
- Gain insights into McCoy Global's future direction by reviewing our growth report.
Tower Resources (TSXV:TWR)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Tower Resources Ltd. is involved in acquiring, evaluating, and exploring mineral properties in Canada, with a market cap of CA$35.82 million.
Operations: Tower Resources Ltd. does not report any revenue segments.
Market Cap: CA$35.82M
Tower Resources Ltd., with a market cap of CA$35.82 million, remains pre-revenue and debt-free, focusing on mineral exploration in Canada. Recent drilling results from the Rabbit North property have expanded the Blue Sky and Thunder North gold discoveries, revealing promising intersections such as 19 m averaging 4.93 g/t Au at Thunder North. Despite its high volatility and short cash runway of less than a year, Tower's seasoned management and board bring experience to navigate these challenges. The company plans further systematic drilling to define new zones and assess depth extensions, aiming to capitalize on its recent discoveries.
- Take a closer look at Tower Resources' potential here in our financial health report.
- Understand Tower Resources' track record by examining our performance history report.
Taking Advantage
- Take a closer look at our TSX Penny Stocks list of 408 companies by clicking 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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