TSX Penny Stocks To Monitor In November 2025

The Canadian market is currently navigating a period of subdued growth, influenced by slower consumer spending and population growth, while anticipating improvements from recent fiscal stimulus and interest rate cuts. Amidst this backdrop, the concept of penny stocks—though often seen as a relic—still presents opportunities for investors seeking potential high returns in smaller or newer companies. By focusing on those with strong financial health, investors can uncover value in these stocks; we've identified three such examples that combine balance sheet strength with promising potential.

Top 10 Penny Stocks In Canada

Click here to see the full list of 400 stocks from our TSX Penny Stocks screener.

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

Northern Superior Resources (TSXV:SUP)

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

Overview: Northern Superior Resources Inc. is a junior mining company focused on exploring and developing gold properties in Ontario and Québec, Canada, with a market cap of CA$361.16 million.

Operations: Northern Superior Resources Inc. does not report any revenue segments.

Market Cap: CA$361.16M

Northern Superior Resources Inc., a pre-revenue junior mining company, is currently the subject of a definitive acquisition agreement by IAMGOLD Corporation for approximately CA$375 million. This transaction offers Northern Superior shareholders CA$2.05 per share in cash and stock, while also distributing shares of ONGold Resources Ltd. The company's recent exploration activities at its Hazeur property have shown promising drill results, though it remains unprofitable with increasing losses over the past five years. Despite having no debt and sufficient short-term assets to cover liabilities, its high volatility and limited cash runway may pose challenges ahead.

• Unlock comprehensive insights into our analysis of Northern Superior Resources stock in this financial health report.
• Examine Northern Superior Resources' earnings growth report to understand how analysts expect it to perform.

Zoomd Technologies (TSXV:ZOMD)

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

Overview: Zoomd Technologies Ltd. is a global marketing technology company specializing in user-acquisition and engagement platforms, with a market cap of CA$186.39 million.

Operations: The company generates revenue of $69.51 million through its Internet Software & Services segment.

Market Cap: CA$186.39M

Zoomd Technologies Ltd. demonstrates a strong financial position with no debt and short-term assets of $28.7M exceeding liabilities, indicating robust liquidity. Its earnings have surged by over 610% in the past year, outpacing industry growth and improving profit margins significantly to 24.5%. Trading well below estimated fair value, it offers good relative value compared to peers. Recent strategic partnership with E2-Quadrat Communications enhances its global reach in user acquisition technologies, potentially driving further growth. The management team is experienced, supporting Zoomd's strategic focus on expanding across high-growth verticals through innovative marketing solutions.

• Navigate through the intricacies of Zoomd Technologies with our comprehensive balance sheet health report here.
• Assess Zoomd Technologies' future earnings estimates with our detailed growth reports.

Auxly Cannabis Group (TSX:XLY)

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

Overview: Auxly Cannabis Group Inc. operates as a consumer packaged goods company in the cannabis products market in Canada, with a market cap of CA$202.27 million.

Operations: The company's revenue segment is Venture Capital, generating CA$145.99 million.

Market Cap: CA$202.27M

Auxly Cannabis Group Inc. has shown significant financial improvement, becoming profitable this year with net income reaching CA$40.91 million for the first nine months of 2025, compared to a loss last year. The company's debt management is strong, with operating cash flow covering 34.4% of its debt and a reduced debt-to-equity ratio from 54.5% to 31.3% over five years. Its short-term assets exceed both long- and short-term liabilities, indicating solid liquidity. While trading below estimated fair value, Auxly's recent earnings reflect a large one-off gain impacting results, requiring careful consideration in evaluating ongoing profitability trends.

• Click here to discover the nuances of Auxly Cannabis Group with our detailed analytical financial health report.
• Assess Auxly Cannabis Group's previous results with our detailed historical performance reports.

Where To Now?

• Investigate our full lineup of 400 TSX Penny Stocks right here.
• Looking For Alternative Opportunities? 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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