As the Canadian market navigates a landscape marked by geopolitical risks and economic uncertainties, investors are keeping a close eye on how these factors might influence growth and interest rates. In this context, penny stocks—often perceived as relics of earlier market days—remain an intriguing area for investment due to their potential for affordability and growth. By focusing on companies with robust financials, such as Amerigo Resources and others, investors can uncover opportunities that may offer both stability and upside in the ever-evolving marketplace.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$0.61 | CA$64.74M | ✅ 3 ⚠️ 3 View Analysis > |
| PetroTal (TSX:TAL) | CA$0.68 | CA$612.77M | ✅ 3 ⚠️ 4 View Analysis > |
| illumin Holdings (TSX:ILLM) | CA$1.86 | CA$96.49M | ✅ 4 ⚠️ 1 View Analysis > |
| Fintech Select (TSXV:FTEC) | CA$0.035 | CA$2.4M | ✅ 2 ⚠️ 3 View Analysis > |
| Findev (TSXV:FDI) | CA$0.43 | CA$14.32M | ✅ 2 ⚠️ 4 View Analysis > |
| Mandalay Resources (TSX:MND) | CA$4.85 | CA$453.98M | ✅ 3 ⚠️ 1 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$0.78 | CA$518.93M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$0.99 | CA$19.42M | ✅ 2 ⚠️ 4 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$1.90 | CA$184.12M | ✅ 3 ⚠️ 1 View Analysis > |
| McChip Resources (TSXV:MCS) | CA$1.15 | CA$5.2M | ✅ 2 ⚠️ 3 View Analysis > |
Click here to see the full list of 459 stocks from our TSX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Amerigo Resources (TSX:ARG)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Amerigo Resources Ltd., through its subsidiary Minera Valle Central S.A., produces copper and molybdenum concentrates in Chile, with a market cap of CA$303.57 million.
Operations: The company generates revenue of $192.03 million from producing copper concentrates under a tolling agreement with DET.
Market Cap: CA$303.57M
Amerigo Resources Ltd., with a market cap of CA$303.57 million, operates in the copper and molybdenum sector in Chile. The company has recently appointed Ignacio Cruz to its board, bringing substantial industry expertise. Financially, Amerigo reported Q1 2025 earnings of US$3.3 million on sales of US$44.18 million, slightly down from last year. Despite significant insider selling recently, the company's debt-to-equity ratio improved significantly over five years to 10.7%, supported by strong cash flows covering debts well (515%). However, short-term liabilities exceed short-term assets slightly, and dividends have been unstable despite consistent payouts.
- Click here and access our complete financial health analysis report to understand the dynamics of Amerigo Resources.
- Understand Amerigo Resources' earnings outlook by examining our growth report.
Tantalus Systems Holding (TSX:GRID)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Tantalus Systems Holding Inc. is a technology company that offers smart grid solutions in Canada and the United States, with a market cap of CA$141.66 million.
Operations: The company's revenue is derived from two main segments: Connected Devices and Infrastructure, which generated $29.62 million, and Utility Software Applications and Services, contributing $17.20 million.
Market Cap: CA$141.66M
Tantalus Systems Holding Inc., with a market cap of CA$141.66 million, is making strides in the smart grid sector through strategic partnerships and technology deployments. Recent collaborations with Indiana Municipal Power Agency and Riverside Public Utilities highlight its AI-driven analytics capabilities, enhancing grid reliability and operational efficiency. Despite being unprofitable, Tantalus has a robust cash runway exceeding three years, supported by positive free cash flow. The company's short-term assets cover both short- and long-term liabilities effectively. While trading below estimated fair value, Tantalus continues to focus on revenue growth projected at 17.03% annually but remains challenged by ongoing losses.
- Unlock comprehensive insights into our analysis of Tantalus Systems Holding stock in this financial health report.
- Evaluate Tantalus Systems Holding's prospects by accessing our earnings growth report.
EMX Royalty (TSXV:EMX)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: EMX Royalty Corporation focuses on exploring and generating royalties from metals and minerals properties, with a market capitalization of CA$361.77 million.
Operations: The company's revenue of $29.63 million is derived from its activities in acquiring, managing, and generating royalties.
Market Cap: CA$361.77M
EMX Royalty Corporation, with a market cap of CA$361.77 million, has shown financial improvement by achieving profitability and reporting US$8.42 million in sales for Q1 2025, up from the previous year. The company's debt is well-managed with operating cash flow covering 20.5% of it, and short-term assets exceeding both short- and long-term liabilities. However, its return on equity remains low at 0.2%, and interest payments are not well covered by EBIT at 0.9x coverage. Recent share buybacks indicate confidence in future prospects despite the increased debt-to-equity ratio over five years to 30%.
- Dive into the specifics of EMX Royalty here with our thorough balance sheet health report.
- Assess EMX Royalty's future earnings estimates with our detailed growth reports.
Where To Now?
- Embark on your investment journey to our 459 TSX Penny Stocks selection here.
- Searching for a Fresh Perspective? Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
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.
Valuation is complex, but we're here to simplify it.
Discover if EMX Royalty might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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