Spotlight On 3 TSX Penny Stocks With Market Caps Under CA$200M
As markets navigate conflicting forces with inflation remaining stubborn and corporations posting strong earnings, investors are seeking opportunities that align with solid fundamentals. Penny stocks, a term that might seem outdated, still represent an intriguing investment area for those interested in smaller or newer companies. These stocks can offer surprising value and potential growth when backed by strong financial health.
Name
Share Price
Market Cap
Financial Health Rating
Alvopetro Energy (TSXV:ALV)
CA$4.92
CA$182.79M
★★★★★★
Findev (TSXV:FDI)
CA$0.50
CA$14.9M
★★★★★★
Mandalay Resources (TSX:MND)
CA$4.71
CA$438.56M
★★★★★★
Foraco International (TSX:FAR)
CA$1.86
CA$220.49M
★★★★★☆
PetroTal (TSX:TAL)
CA$0.70
CA$647.19M
★★★★★★
NamSys (TSXV:CTZ)
CA$1.16
CA$31.16M
★★★★★★
East West Petroleum (TSXV:EW)
CA$0.045
CA$3.62M
★★★★★★
Orezone Gold (TSX:ORE)
CA$0.90
CA$397.63M
★★★★★☆
Hemisphere Energy (TSXV:HME)
CA$1.83
CA$180.58M
★★★★★☆
DIRTT Environmental Solutions (TSX:DRT)
CA$1.16
CA$230.15M
★★★★☆☆
Click here to see the full list of 938 stocks from our TSX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: illumin Holdings Inc. is a technology company offering digital media solutions across the United States, Canada, Europe, Latin America, and other international markets with a market cap of CA$158.33 million.
Operations: The company's revenue is primarily generated from its Internet Information Providers segment, amounting to CA$127.47 million.
Market Cap: CA$158.33M
illumin Holdings Inc., with a market cap of CA$158.33 million, offers digital media solutions and is currently unprofitable but trades at 70.7% below estimated fair value. The company has strong financial stability, with short-term assets exceeding both short- and long-term liabilities and a reduced debt-to-equity ratio from 177.5% to 0.1% over five years. Recent integration with Adsquare enhances its platform by providing advanced footfall attribution, linking online campaigns to in-store visits while maintaining privacy compliance, thus reinforcing illumin's role in programmatic advertising across various industries like retail and automotive sectors.
Dive into the specifics of illumin Holdings here with our thorough balance sheet health report.
Gain insights into illumin Holdings' outlook and expected performance with our report on the company's earnings estimates.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Dynasty Gold Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in the United States and Canada, with a market cap of CA$8.31 million.
Operations: Dynasty Gold Corp. has not reported any revenue segments as it is currently in the exploration stage, concentrating on mineral property development in the United States and Canada.
Market Cap: CA$8.31M
Dynasty Gold Corp., with a market cap of CA$8.31 million, is in the exploration stage focusing on mineral properties in North America and remains pre-revenue. The company has no debt and maintains a strong financial position, with short-term assets of CA$2.6 million exceeding liabilities of CA$147.1K, offering a cash runway exceeding three years based on current free cash flow trends. Despite being unprofitable with increasing losses over five years, recent earnings show improvement; net income for Q3 2024 was CA$0.086878 million compared to a loss the previous year, indicating potential operational progress amidst high volatility reduction from 15% to 10%.
Take a closer look at Dynasty Gold's potential here in our financial health report.
Assess Dynasty Gold's previous results with our detailed historical performance reports.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Angus Gold Inc. is a gold exploration company engaged in acquiring, exploring, and developing mineral properties, with a market cap of CA$28.36 million.
Operations: Currently, there are no revenue segments reported for this gold exploration company.
Market Cap: CA$28.36M
Angus Gold Inc., with a market cap of CA$28.36 million, is pre-revenue and focuses on gold exploration in Canada. Recent drilling at the Golden Sky Project revealed promising results, notably extending the Dorset Gold Zone's strike length to 2 kilometers, with high-grade intersections like 13.7 meters grading 3.2 g/t Au and 9.1 meters grading 4.3 g/t Au in new zones. The company is debt-free and has sufficient cash runway for over a year despite being unprofitable with increasing losses over five years, reflecting its early-stage exploration status amidst ongoing volatility of approximately 9%.
Navigate through the intricacies of Angus Gold with our comprehensive balance sheet health report here.
Examine Angus Gold's past performance report to understand how it has performed in prior years.
Investigate our full lineup of 938 TSX Penny Stocks right here.
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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.
Companies discussed in this article include TSX:ILLM TSXV:DYG and TSXV:GUS.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com

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