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Yahoo
15-04-2025
- Business
- Yahoo
TSX Penny Stocks Spotlight GoldMining And Two More Hidden Gems
The Canadian market has been navigating a period of heightened volatility, driven by trade tensions and tariff negotiations, which have kept investors on edge. Amidst this backdrop, penny stocks—often representing smaller or newer companies—offer a unique opportunity for those seeking affordable investments with growth potential. While the term "penny stocks" might seem outdated, their relevance persists as they can provide value through strong financial foundations and promising prospects. Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.62 CA$61.7M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$1.60 CA$68.71M ★★★★★☆ Orezone Gold (TSX:ORE) CA$1.15 CA$562M ★★★★★☆ Amerigo Resources (TSX:ARG) CA$1.72 CA$280.75M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.73 CA$167.33M ★★★★★☆ Alvopetro Energy (TSXV:ALV) CA$4.57 CA$166.42M ★★★★★★ PetroTal (TSX:TAL) CA$0.59 CA$549.3M ★★★★★☆ McCoy Global (TSX:MCB) CA$2.48 CA$70.12M ★★★★★★ Findev (TSXV:FDI) CA$0.46 CA$13.18M ★★★★★★ BluMetric Environmental (TSXV:BLM) CA$1.17 CA$42.09M ★★★★★★ Click here to see the full list of 930 stocks from our TSX Penny Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: GoldMining Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and copper assets in the Americas, with a market cap of CA$221.51 million. Operations: GoldMining Inc. does not report any specific revenue segments. Market Cap: CA$221.51M GoldMining Inc., a mineral exploration company with a market cap of CA$221.51 million, remains pre-revenue and unprofitable, reporting a net loss of CA$4.55 million for Q1 2025. Despite financial challenges, the company is debt-free and has initiated its largest exploration program at the Sao Jorge Project in Brazil, aiming to expand its mineral resource estimate through extensive drilling and geophysical surveys. GoldMining's management team is experienced, but the company's short cash runway poses potential liquidity concerns as it continues to invest heavily in exploration without significant revenue streams. Click here to discover the nuances of GoldMining with our detailed analytical financial health report. Evaluate GoldMining's prospects by accessing our earnings growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Prime Mining Corp. focuses on acquiring, exploring, and developing mineral resource properties in Mexico and has a market cap of CA$215.30 million. Operations: Prime Mining Corp. does not have any reported revenue segments as it is focused on the acquisition, exploration, and development of mineral resource properties in Mexico. Market Cap: CA$215.3M Prime Mining Corp. remains pre-revenue with a market cap of CA$215.30 million, focusing on its Los Reyes Project in Mexico. Recent drilling results at the Fresnillo and Mariposa targets show promising mineralization but are not yet included in the company's resource estimates. Despite reporting a net loss of CA$21.62 million for 2024, Prime is debt-free and maintains short-term assets exceeding its liabilities, though it faces cash runway challenges due to ongoing exploration expenditures without revenue generation. The management team has an average tenure of 3.5 years, indicating stability as they navigate these financial hurdles while targeting resource expansion. Jump into the full analysis health report here for a deeper understanding of Prime Mining. Examine Prime Mining's past performance report to understand how it has performed in prior years. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Lara Exploration Ltd. is involved in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market cap of CA$88.98 million. Operations: Lara Exploration Ltd. does not report specific revenue segments. Market Cap: CA$88.98M Lara Exploration Ltd., with a market cap of CA$88.98 million, is pre-revenue and unprofitable, experiencing increasing losses at 6.5% annually over the past five years. The company holds no debt and has short-term assets of CA$3.1 million, which exceed its short-term liabilities significantly. However, it faces cash runway challenges with less than a year remaining based on current free cash flow trends that historically decrease by 18% annually. The management team and board are both experienced, averaging over eight years in tenure each, but the stock's high volatility remains a concern for investors seeking stability in penny stocks. Take a closer look at Lara Exploration's potential here in our financial health report. Gain insights into Lara Exploration's past trends and performance with our report on the company's historical track record. Unlock our comprehensive list of 930 TSX Penny Stocks by clicking here. Interested In Other Possibilities? Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. 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:GOLD TSX:PRYM and TSXV:LRA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
03-03-2025
- Business
- Yahoo
TSX Penny Stocks With Market Caps Over CA$9M
The Canadian market has been navigating a period of sideways consolidation, which may be acting as a corrective force against potential downturns, while investors focus on diversification and balance to manage volatility. Penny stocks, often representing smaller or newer companies, continue to offer intriguing growth opportunities despite their somewhat outdated label. By identifying those with strong financial health and solid fundamentals, investors can uncover potential gems that align with current market dynamics. Name Share Price Market Cap Financial Health Rating Alvopetro Energy (TSXV:ALV) CA$4.72 CA$172.56M ★★★★★★ Findev (TSXV:FDI) CA$0.50 CA$14.32M ★★★★★★ Mandalay Resources (TSX:MND) CA$4.79 CA$449.82M ★★★★★★ PetroTal (TSX:TAL) CA$0.69 CA$632.31M ★★★★★★ BluMetric Environmental (TSXV:BLM) CA$0.97 CA$35.81M ★★★★★★ New Gold (TSX:NGD) CA$3.93 CA$3.11B ★★★★★☆ NamSys (TSXV:CTZ) CA$1.15 CA$30.89M ★★★★★★ Amerigo Resources (TSX:ARG) CA$1.81 CA$298.08M ★★★★★☆ Foraco International (TSX:FAR) CA$2.03 CA$200.35M ★★★★★☆ Orezone Gold (TSX:ORE) CA$0.82 CA$379.19M ★★★★★☆ Click here to see the full list of 931 stocks from our TSX Penny Stocks screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Eloro Resources Ltd. is involved in the exploration and development of mineral properties in Bolivia and Peru, with a market cap of CA$84.49 million. Operations: Eloro Resources Ltd. does not report any revenue segments as it focuses on the exploration and development of mineral properties in Bolivia and Peru. Market Cap: CA$84.49M Eloro Resources is a pre-revenue company with a market cap of CA$84.49 million, focusing on mineral exploration in Bolivia and Peru. Recent drilling at the Iska Iska project revealed promising tin mineralization, suggesting potential for significant resource expansion with two distinct deposit styles: silver-zinc-lead and high-grade tin systems. Despite being debt-free, Eloro faces financial challenges with less than a year of cash runway and increasing losses over five years. The management team is experienced, but profitability remains elusive without near-term forecasts for positive earnings. These factors highlight both the opportunities and risks typical of penny stocks in the mining sector. Click to explore a detailed breakdown of our findings in Eloro Resources' financial health report. Examine Eloro Resources' earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★★ Overview: GoldMining Inc. is a mineral exploration company that focuses on acquiring, exploring, and developing gold assets in the Americas, with a market cap of CA$224.04 million. Operations: GoldMining Inc. does not report specific revenue segments, as it is primarily engaged in the exploration and development of gold assets across the Americas. Market Cap: CA$224.04M GoldMining Inc., with a market cap of CA$224.04 million, is a pre-revenue company focused on gold exploration in the Americas. The company recently reported a net loss of CA$25.29 million for the year ending November 2024, reflecting ongoing financial challenges typical for its sector. Despite being debt-free and having short-term assets exceeding liabilities, GoldMining's cash runway is limited to six months without further capital infusion. The recent renewal of its at-the-market equity program aims to raise up to US$50 million for exploration and potential acquisitions, underscoring both growth ambitions and inherent risks associated with penny stocks in mining. Dive into the specifics of GoldMining here with our thorough balance sheet health report. Gain insights into GoldMining's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: CopperCorp Resources Inc. focuses on acquiring, exploring, and evaluating mineral resources in Australia, with a market cap of CA$9.72 million. Operations: CopperCorp Resources Inc. has not reported any revenue segments. Market Cap: CA$9.72M CopperCorp Resources Inc., with a market cap of CA$9.72 million, is a pre-revenue company focused on mineral exploration in Tasmania, Australia. The company remains debt-free and has sufficient cash runway for over a year, supporting its ongoing exploration activities at the Razorback Copper-Gold-REE property. Recent updates highlight promising developments at the Jukes and Hydes prospects, including high-grade copper mineralization findings and planned IP surveys to refine drill targets. However, the company's share price has been highly volatile recently, reflecting typical risks associated with penny stocks in early-stage mining ventures. Unlock comprehensive insights into our analysis of CopperCorp Resources stock in this financial health report. Explore historical data to track CopperCorp Resources' performance over time in our past results report. Click here to access our complete index of 931 TSX Penny Stocks. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. 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. Companies discussed in this article include TSX:ELO TSX:GOLD and TSXV:CPER. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
