The Canadian market has been navigating a complex landscape, with investors keenly observing economic trends and seeking strategies that align with their long-term financial goals. In this context, penny stocks—though the term might seem dated—remain relevant for those interested in smaller or newer companies. These stocks can offer a unique blend of affordability and potential growth, especially when supported by strong financials, making them an intriguing option for investors looking to explore under-the-radar opportunities.
|
Name |
Share Price |
Market Cap |
Financial Health Rating |
|
Pulse Seismic (TSX:PSD) |
CA$2.24 |
CA$115M |
★★★★★★ |
|
Findev (TSXV:FDI) |
CA$0.54 |
CA$13.61M |
★★★★★★ |
|
PetroTal (TSX:TAL) |
CA$0.59 |
CA$528.97M |
★★★★★★ |
|
Foraco International (TSX:FAR) |
CA$2.25 |
CA$221.48M |
★★★★★☆ |
|
East West Petroleum (TSXV:EW) |
CA$0.035 |
CA$3.62M |
★★★★★★ |
|
Silvercorp Metals (TSX:SVM) |
CA$4.32 |
CA$948.57M |
★★★★★★ |
|
NamSys (TSXV:CTZ) |
CA$1.20 |
CA$33.04M |
★★★★★★ |
|
Hemisphere Energy (TSXV:HME) |
CA$1.84 |
CA$182.38M |
★★★★★☆ |
|
Orezone Gold (TSX:ORE) |
CA$0.64 |
CA$302.67M |
★★★★★☆ |
|
Enterprise Group (TSX:E) |
CA$1.92 |
CA$108.95M |
★★★★☆☆ |
Click here to see the full list of 939 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: Condor Resources Inc. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in Canada and Peru, with a market cap of CA$16.23 million.
Operations: Condor Resources Inc. currently does not report any revenue segments, as it is an exploration stage company focused on mineral properties in Canada and Peru.
Market Cap: CA$16.23M
Condor Resources, a pre-revenue exploration company, is actively expanding its mineral property portfolio in Peru. Recent developments include the successful completion of the Consulta Previa process and acquisition of additional concessions at the Huiñac Punta project, which shows promise for high-grade silver and polymetallic mineralization. The company’s financial health appears stable with no long-term liabilities and short-term assets covering liabilities. However, it remains unprofitable with recent net losses reported. A non-brokered private placement aims to raise up to CA$1.5 million to support ongoing exploration activities while maintaining shareholder value without significant dilution over the past year.
