As 2025 begins, the Canadian market reflects on a remarkable year with the TSX gaining 18% and investors contemplating whether this momentum can be sustained amid policy uncertainties. In such a dynamic landscape, identifying stocks that combine affordability with growth potential becomes crucial for investors seeking to capitalize on emerging opportunities. Penny stocks, despite being an older term, continue to attract attention as they often represent smaller or newer companies with the potential for significant returns when backed by strong financials and fundamentals.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Financial Health Rating |
| Mandalay Resources (TSX:MND) | CA$4.09 | CA$370.94M | ★★★★★★ |
| Pulse Seismic (TSX:PSD) | CA$2.42 | CA$125.06M | ★★★★★★ |
| Silvercorp Metals (TSX:SVM) | CA$4.40 | CA$970.33M | ★★★★★★ |
| Findev (TSXV:FDI) | CA$0.50 | CA$14.32M | ★★★★★★ |
| PetroTal (TSX:TAL) | CA$0.66 | CA$583.7M | ★★★★★★ |
| Foraco International (TSX:FAR) | CA$2.40 | CA$236.24M | ★★★★★☆ |
| NamSys (TSXV:CTZ) | CA$1.14 | CA$31.7M | ★★★★★★ |
| East West Petroleum (TSXV:EW) | CA$0.045 | CA$4.07M | ★★★★★★ |
| Hemisphere Energy (TSXV:HME) | CA$1.83 | CA$179.46M | ★★★★★☆ |
| Tornado Infrastructure Equipment (TSXV:TGH) | CA$0.97 | CA$140.31M | ★★★★★☆ |
Click here to see the full list of 945 stocks from our TSX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
eXeBlock Technology (CNSX:XBLK.X)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: eXeBlock Technology Corporation designs and develops software applications, with a market cap of CA$3.48 million.
Operations: Currently, there are no reported revenue segments for eXeBlock Technology Corporation.
Market Cap: CA$3.48M
eXeBlock Technology Corporation, with a market cap of CA$3.48 million, is currently pre-revenue and unprofitable, having reported a net loss of CA$0.15 million for the year ended August 31, 2024. Despite this, the company remains debt-free and has sufficient cash runway for over a year based on current free cash flow. Recent private placements have bolstered its financial position by issuing common shares and warrants; however, auditors have expressed doubts about its ability to continue as a going concern. The stock has experienced high volatility recently but hasn't seen significant shareholder dilution in the past year.
- Navigate through the intricacies of eXeBlock Technology with our comprehensive balance sheet health report here.
- Explore historical data to track eXeBlock Technology's performance over time in our past results report.
Silver Mountain Resources (TSXV:AGMR)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Silver Mountain Resources Inc. focuses on acquiring, exploring, and developing precious metal resource properties in Peru, with a market cap of CA$20.20 million.
Operations: Silver Mountain Resources Inc. has not reported any revenue segments.
Market Cap: CA$20.2M
Silver Mountain Resources Inc., with a market cap of CA$20.20 million, is pre-revenue and unprofitable, reporting a net loss of US$1.3 million for Q3 2024. The company recently received the green light from Peru's Ministry of Energy and Mines to resume operations at its Reliquias Mine and Caudalosa Plant, potentially revitalizing local economies upon restart. Despite being debt-free with short-term assets covering liabilities, it faces challenges like less than a year of cash runway and shareholder dilution over the past year. Its management team is relatively inexperienced, contributing to high share price volatility recently.
- Unlock comprehensive insights into our analysis of Silver Mountain Resources stock in this financial health report.
- Understand Silver Mountain Resources' track record by examining our performance history report.
US Copper (TSXV:USCU)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: US Copper Corp. is an exploration stage company focused on the exploration and evaluation of mineral properties in Canada and the United States, with a market cap of CA$6.70 million.
Operations: US Copper Corp. has not reported any revenue segments.
Market Cap: CA$6.7M
US Copper Corp., with a market cap of CA$6.70 million, is pre-revenue and faces challenges like high volatility and less than a year of cash runway. The company recently announced an updated Mineral Resource Estimate for its Moonlight-Superior Copper Project in California, showing a significant increase in contained copper resources. Despite being debt-free and having no long-term liabilities, it has experienced shareholder dilution over the past year. The board is seasoned with an average tenure of 11.4 years, but the management team's experience level remains unclear, contributing to ongoing financial instability and unprofitability.
- Click to explore a detailed breakdown of our findings in US Copper's financial health report.
- Gain insights into US Copper's historical outcomes by reviewing our past performance report.
Seize The Opportunity
- Get an in-depth perspective on all 945 TSX Penny Stocks by using our screener here.
- Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
- Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.
Looking For Alternative Opportunities?
- 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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About CNSX:XBLK.X
Flawless balance sheet slight.
