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Yahoo
23-07-2025
- Business
- Yahoo
3 TSX Penny Stocks With Market Caps Under CA$500M
Despite rising tariff rates, the Canadian market has shown resilience with inflation and economic data remaining stable. This stability provides a backdrop for exploring investment opportunities in lesser-known areas of the market, such as penny stocks. Although the term "penny stock" might seem outdated, these smaller or newer companies can offer significant growth potential when they possess strong financials and sound fundamentals. Top 10 Penny Stocks In Canada Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.67 CA$70.8M ★★★★★★ illumin Holdings (TSX:ILLM) CA$2.11 CA$107.87M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.025 CA$2M ★★★★★★ Foraco International (TSX:FAR) CA$1.80 CA$176.55M ★★★★★☆ Findev (TSXV:FDI) CA$0.425 CA$12.18M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.78 CA$505.63M ★★★★★★ Pulse Seismic (TSX:PSD) CA$3.43 CA$171.55M ★★★★★★ ACT Energy Technologies (TSX:ACX) CA$4.69 CA$153.38M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.94 CA$185.15M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.80 CA$10.51M ★★★★★★ Click here to see the full list of 449 stocks from our TSX Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Mandalay Resources Simply Wall St Financial Health Rating: ★★★★★★ Overview: Mandalay Resources Corporation operates in the acquisition, exploration, extraction, processing, and reclamation of mineral properties across Australia, Sweden, Chile, and Canada with a market cap of CA$439.80 million. Operations: The company generates revenue from its Metals & Mining segment, specifically focusing on Gold & Other Precious Metals, amounting to $263.21 million. Market Cap: CA$439.8M Mandalay Resources has demonstrated significant growth potential, with earnings increasing by 329.7% over the past year and a high net profit margin of 21.5%. The company's financial health is robust, evidenced by its debt being well-covered by operating cash flow and interest payments comfortably managed. Recent exploration updates at the True Blue discovery in Australia and Bjorkdal mine in Sweden highlight promising resource expansion opportunities, potentially enhancing future production capabilities. Additionally, an upcoming merger with Alkane Resources aims to strengthen operational continuity across key mining sites, subject to shareholder approval expected in Q3 2025. Click here and access our complete financial health analysis report to understand the dynamics of Mandalay Resources. Examine Mandalay Resources' earnings growth report to understand how analysts expect it to perform. Quipt Home Medical Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Quipt Home Medical Corp., operating through its subsidiaries, provides durable and home medical equipment and supplies across the United States, with a market cap of CA$119.91 million. Operations: The company generates $240.85 million in revenue from providing durable and home medical equipment and supplies throughout the United States. Market Cap: CA$119.91M Quipt Home Medical, with a market cap of CA$119.91 million, is trading significantly below its estimated fair value but remains unprofitable with a negative return on equity and high debt levels. Despite generating US$240.85 million in revenue, it faces challenges such as increased losses over the past five years and forecasted earnings decline. Recently, Quipt was dropped from numerous Russell indices and received an unsolicited acquisition offer from Forager Capital Management at a premium price of $3.10 per share, highlighting potential investor interest despite its volatile share price and ongoing financial difficulties. Take a closer look at Quipt Home Medical's potential here in our financial health report. Gain insights into Quipt Home Medical's future direction by reviewing our growth report. Trilogy Metals Simply Wall St Financial Health Rating: ★★★★★★ Overview: Trilogy Metals Inc. focuses on the exploration and development of mineral properties in the United States, with a market cap of CA$417.17 million. Operations: Trilogy Metals Inc. has not reported any specific revenue segments. Market Cap: CA$417.17M Trilogy Metals Inc., with a market cap of CA$417.17 million, is pre-revenue and unprofitable, reporting a net loss of US$2.18 million for the recent quarter. Despite this, the company maintains financial stability with no debt and short-term assets exceeding liabilities significantly. The management team is experienced with an average tenure of 5.1 years, while its board averages 10.1 years in tenure. Trilogy recently filed a follow-on equity offering worth $25 million to bolster its cash reserves further, which currently provide more than three years of runway if free cash flow continues growing at historical rates. Unlock comprehensive insights into our analysis of Trilogy Metals stock in this financial health report. Explore historical data to track Trilogy Metals' performance over time in our past results report. Next Steps Investigate our full lineup of 449 TSX Penny Stocks right here. Contemplating Other Strategies? AI is about to change healthcare. These 26 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. 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:MND TSX:QIPT and TSX:TMQ. 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
22-07-2025
- Business
- Yahoo
Discover TSX Penny Stocks With Market Caps Under CA$200M
Despite rising tariff rates, the Canadian market has shown resilience, with inflation and economic data holding steady. In this context, penny stocks—typically representing smaller or newer companies—remain an intriguing investment area. While the term might seem outdated, these stocks can offer growth potential when backed by strong financial health and solid fundamentals. Top 10 Penny Stocks In Canada Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.70 CA$69.79M ★★★★★★ illumin Holdings (TSX:ILLM) CA$2.09 CA$108.9M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.025 CA$2.4M ★★★★★★ Findev (TSXV:FDI) CA$0.425 CA$12.18M ★★★★★★ Mandalay Resources (TSX:MND) CA$4.64 CA$427.48M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.76 CA$492.32M ★★★★★★ Pulse Seismic (TSX:PSD) CA$3.38 CA$176.12M ★★★★★★ ACT Energy Technologies (TSX:ACX) CA$4.53 CA$153.38M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.94 CA$186.11M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.84 CA$8.91M ★★★★★★ Click here to see the full list of 450 stocks from our TSX Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Happy Creek Minerals Simply Wall St Financial Health Rating: ★★★★★★ Overview: Happy Creek Minerals Ltd. is involved in the acquisition, exploration, and development of mineral properties in Canada, with a market capitalization of CA$12.54 million. Operations: Happy Creek Minerals Ltd. does not report any specific revenue segments. Market Cap: CA$12.54M Happy Creek Minerals, with a market cap of CA$12.54 million, is pre-revenue and has faced increasing losses over the past five years. The company is debt-free and recently raised CA$3.25 million through a private placement to bolster its short cash runway. Despite experienced management and board members, Happy Creek's high share price volatility poses risks for investors. Recent earnings showed improvement from a net loss to slight net income in Q1 2025; however, substantial annual losses persist, leading auditors to express concern about its ability to continue as a going concern. Navigate through the intricacies of Happy Creek Minerals with our comprehensive balance sheet health report here. Learn about Happy Creek Minerals' historical performance here. SPARQ Systems Simply Wall St Financial Health Rating: ★★★★★★ Overview: SPARQ Systems Inc. designs, manufactures, and sells single-phase microinverters for residential and commercial solar electric applications with a market cap of CA$87.70 million. Operations: SPARQ Systems Inc. has not reported any specific revenue segments. Market Cap: CA$87.7M SPARQ Systems, with a market cap of CA$87.70 million, is a pre-revenue company facing challenges typical of penny stocks. It recently commenced commercial production of microinverters in India, marking a significant operational milestone. Despite being debt-free and having short-term assets exceeding liabilities, it reported a net loss of CA$1.07 million for Q1 2025 and continues to face going concern doubts from auditors due to ongoing losses. The company's cash runway extends just over a year if current cash flow trends persist, highlighting the financial pressures it faces amidst its expansion efforts. Get an in-depth perspective on SPARQ Systems' performance by reading our balance sheet health report here. Understand SPARQ Systems' track record by examining our performance history report. Northern Superior Resources Simply Wall St Financial Health Rating: ★★★★★★ Overview: Northern Superior Resources Inc. is a junior mining company focused on exploring and evaluating gold properties in Ontario and Québec, Canada, with a market cap of CA$184.06 million. Operations: Northern Superior Resources Inc. does not have any reported revenue segments. Market Cap: CA$184.06M Northern Superior Resources, with a market cap of CA$184.06 million, is pre-revenue and focused on expanding its gold exploration footprint in Ontario and Québec. Recent acquisitions have increased its land position in the Chibougamau Gold Camp, enhancing potential for resource expansion at the Philibert Project. Despite no meaningful revenue, it remains debt-free with short-term assets covering liabilities. The company has a cash runway exceeding one year but faces financial challenges typical of junior miners. Recent drilling results indicate promising high-grade gold zones, suggesting potential growth opportunities as part of its strategic exploration initiatives. Click here and access our complete financial health analysis report to understand the dynamics of Northern Superior Resources. Examine Northern Superior Resources' past performance report to understand how it has performed in prior years. Turning Ideas Into Actions Click this link to deep-dive into the 450 companies within our TSX Penny Stocks screener. Looking For Alternative Opportunities? This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality. 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 TSXV:HPY TSXV:SPRQ and TSXV:SUP. 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
18-07-2025
- Business
- Yahoo
TSX Spotlight: 3 Penny Stocks With Market Caps Over CA$60M
As global economic dynamics shift, Canadian markets are navigating a complex landscape influenced by new tariffs and fiscal policies. Despite these challenges, certain investment areas continue to offer potential opportunities for growth. Penny stocks, often misunderstood as relics of past market eras, still hold promise when backed by strong financials and fundamentals. In this article, we explore several penny stocks that stand out for their financial resilience and potential for long-term success in the current market climate. Top 10 Penny Stocks In Canada Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.69 CA$70.8M ★★★★★★ illumin Holdings (TSX:ILLM) CA$2.16 CA$104.26M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.03 CA$2.4M ★★★★★★ Findev (TSXV:FDI) CA$0.44 CA$12.18M ★★★★★★ Mandalay Resources (TSX:MND) CA$4.41 CA$429.38M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.76 CA$498.97M ★★★★★★ Pulse Seismic (TSX:PSD) CA$3.60 CA$190.84M ★★★★★★ ACT Energy Technologies (TSX:ACX) CA$4.54 CA$153.38M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.93 CA$184.2M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.22 CA$9.14M ★★★★★★ Click here to see the full list of 445 stocks from our TSX Penny Stocks screener. Here's a peek at a few of the choices from the screener. Roots Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Roots Corporation, along with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally with a market cap of CA$123.34 million. Operations: The company's revenue is primarily generated from its Direct-To-Consumer segment, which accounts for CA$226.46 million, supplemented by CA$38.98 million from Partners and Other activities. Market Cap: CA$123.34M Roots Corporation, with a market cap of CA$123.34 million, has shown resilience despite being unprofitable. The company reported first-quarter sales of CA$39.98 million, an increase from the previous year, and reduced its net loss to CA$7.91 million. Roots maintains a satisfactory net debt to equity ratio of 20.1% and has not significantly diluted shareholders over the past year. The management team is experienced with an average tenure of 2.5 years, while the board's tenure averages 7.1 years, offering stability in leadership as it navigates financial challenges and seeks growth opportunities in the retail sector. Click to explore a detailed breakdown of our findings in Roots' financial health report. Learn about Roots' future growth trajectory here. Technologies Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Technologies Inc. operates an online marketplace for buying and selling building materials across the United States, Canada, and internationally, with a market cap of CA$65.22 million. Operations: The company's revenue is derived from two segments: Builddirect, generating $15.59 million, and Pro Centers, contributing $49.38 million. Market Cap: CA$65.22M Technologies Inc., with a market cap of CA$65.22 million, is navigating financial challenges as it remains unprofitable but has improved its position by reducing losses over the past five years. The company's short-term assets exceed both its short and long-term liabilities, providing some financial stability despite a high net debt to equity ratio of 369%. Recent developments include securing loans to facilitate management's acquisition of shares, aligning their interests with shareholders. Additionally, BuildDirect entered into a supply agreement valued at up to US$2 million, marking progress in its commercial strategy within the recreational sector. Get an in-depth perspective on Technologies' performance by reading our balance sheet health report here. Explore historical data to track Technologies' performance over time in our past results report. American Lithium Simply Wall St Financial Health Rating: ★★★★★☆ Overview: American Lithium Corp. focuses on the identification, acquisition, and exploration of mineral properties in Canada, the United States, and Peru with a market cap of CA$81.56 million. Operations: There are no reported revenue segments for American Lithium Corp. Market Cap: CA$81.56M American Lithium Corp., with a market cap of CA$81.56 million, is pre-revenue and faces financial challenges, including a recent net loss of CA$25 million for the year ended February 28, 2025. The company has no debt but struggles with short-term liabilities exceeding its assets by CA$1.3 million. Despite this, it recently raised CA$8.1 million through a private placement to bolster its cash runway beyond the current two-month estimate based on past free cash flow trends. However, auditor concerns about its ability to continue as a going concern remain significant hurdles for potential investors. Click here and access our complete financial health analysis report to understand the dynamics of American Lithium. Assess American Lithium's previous results with our detailed historical performance reports. Seize The Opportunity Embark on your investment journey to our 445 TSX Penny Stocks selection here. Looking For Alternative Opportunities? The latest GPUs need a type of rare earth metal called Dysprosium and there are only 26 companies in the world exploring or producing it. Find the list for free. 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:ROOT TSXV:BILD and TSXV:LI. 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@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Discover 3 TSX Penny Stocks With At Least CA$10M Market Cap
The Canadian market has experienced significant volatility, with the TSX reaching all-time highs despite earlier declines driven by U.S. policy shifts and trade tensions. For investors interested in smaller or newer companies, penny stocks—though an older term—remain a relevant area for potential growth, especially when backed by solid financial foundations. In this article, we explore several Canadian penny stocks that stand out for their financial strength and potential to offer value and stability amidst ongoing market uncertainties. Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.67 CA$64.74M ★★★★★★ Tornado Infrastructure Equipment (TSXV:TGH) CA$1.85 CA$254.04M ★★★★★★ illumin Holdings (TSX:ILLM) CA$2.02 CA$105.29M ★★★★★☆ Fintech Select (TSXV:FTEC) CA$0.025 CA$2.4M ★★★★★★ Findev (TSXV:FDI) CA$0.43 CA$12.18M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.76 CA$518.93M ★★★★★★ Automotive Finco (TSXV:AFCC.H) CA$0.94 CA$18.43M ★★★★★★ Pulse Seismic (TSX:PSD) CA$3.42 CA$169.01M ★★★★★★ Hemisphere Energy (TSXV:HME) CA$1.86 CA$178.37M ★★★★★★ McChip Resources (TSXV:MCS) CA$1.10 CA$6.28M ★★★★★★ Click here to see the full list of 446 stocks from our TSX Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. 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$19.51 million. Operations: Silver Mountain Resources Inc. has not reported any revenue segments. Market Cap: CA$19.51M Silver Mountain Resources Inc., with a market cap of CA$19.51 million, remains pre-revenue and unprofitable, having reported a net loss of US$2.11 million for 2024. Despite no debt and experienced management and board teams, the company faces financial challenges with less than a year of cash runway and high weekly volatility compared to most Canadian stocks. Recent executive changes include appointing Oliver Foeste as CFO, bringing extensive finance expertise to potentially stabilize operations. However, an auditor's report expressed doubts about the company's ability to continue as a going concern, underscoring significant risks associated with this penny stock investment. Jump into the full analysis health report here for a deeper understanding of Silver Mountain Resources. Gain insights into Silver Mountain Resources' past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: BIGG Digital Assets Inc. is involved in owning, operating, and investing in digital assets businesses across Canada, the United States, Europe, and internationally with a market cap of CA$44.47 million. Operations: The company's revenue is primarily generated from Netcoins (CA$10.83 million), with additional contributions from Terrazero (CA$0.09 million) and Blockchain services (CA$1.89 million). Market Cap: CA$44.47M BIGG Digital Assets Inc., with a market cap of CA$44.47 million, is unprofitable and has experienced increasing losses over the past five years. Despite being debt-free, the company faces financial challenges with less than a year of cash runway and high volatility in its share price. Recent developments include TerraZero Technologies' launch of AI integration into its Intraverse platform and new virtual experiences that could drive user engagement. However, an auditor's report raised concerns about BIGG's ability to continue as a going concern, highlighting significant risks for investors considering this penny stock. Get an in-depth perspective on BIGG Digital Assets' performance by reading our balance sheet health report here. Understand BIGG Digital Assets' track record by examining our performance history report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: EnWave Corporation designs, constructs, markets, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial industries across Canada, the United States, and internationally with a market cap of CA$44.48 million. Operations: EnWave Corporation has not reported any specific revenue segments. Market Cap: CA$44.48M EnWave Corporation, with a market cap of CA$44.48 million, has shown significant revenue growth, reporting sales of CA$3.69 million for Q2 2025 compared to CA$0.663 million the previous year. Despite being unprofitable, it boasts a positive cash flow and sufficient cash runway for over three years. Recent agreements with partners like MicroDried® and Procescir S.A. de C.V., involving royalty-bearing licenses and equipment purchases, enhance its revenue potential in North America and Mexico's snack markets. The company trades below estimated fair value and has stable weekly volatility without meaningful shareholder dilution recently observed. Click here and access our complete financial health analysis report to understand the dynamics of EnWave. Assess EnWave's previous results with our detailed historical performance reports. Reveal the 446 hidden gems among our TSX Penny Stocks screener with a single click here. Interested In Other Possibilities? 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 TSXV:AGMR TSXV:BIGG and TSXV:ENW. 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@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
