The Canadian stock market is showing strong momentum as we head into 2025, driven by strong consumer spending and rising corporate profits, although investors remain wary of potential curveballs. In the midst of this situation, penny stocks – small or new companies that often fly under the radar – continue to offer interesting opportunities for those who want to explore beyond the big mega-cap names. While the term “penny stock” may sound cheap, these funds can reveal hidden value and financial power in unexpected segments of the market.
Name
Share Price
Market Cap
Financial Health Rating
Alvopetro Energy (TSXV:ALV)
$4.36
CA$158.19M
★★★★★★★
Amerigo Resources (TSX:ARG)
$1.73
CA$283.52M
★★★★★☆
Pulse Seismic (TSX:PSD)
$2.37
CA$121.61M
★★★★★★★
Findev (TSXV:FDI)
CA$0.45
CA$13.32M
★★★★★★★
Mandalay Resources (TSX:MND)
$3.66
CA$324.12M
★★★★★★★
PetroTal (TSX:TAL)
CA $0.65
CA$574.88M
★★★★★★★
Vox Royalty (TSX:VOXR)
$3.76
CA$188.71M
★★★★★★★
Foraco International (TSX:FAR)
CA $2.15
CA$208.8M
★★★★★☆
Winshear Gold (TSXV:WINS)
CA $0.155
CA$4.71M
★★★★★★★
Hemisphere Energy (TSXV:HME)
CA$1.89
CA$181.41M
★★★★★☆
Click here to see the full list of 953 stocks from our TSX Penny Stocks screener.
Here’s a look at a few of the options from the screener.
Simply Wall St Financial Health Rating: ★★★★★☆
In a nutshell BCM Resources Corporation is involved in the acquisition, exploration, and development of mineral properties in Canada, with a market value of CA$9.52 million.
Operations: BCM Resources Corporation has no dividend distribution.
Market Cap: CA$9.52M
BCM Resources, with a market cap of CA$9.52 million, is a venture capital and mineral exploration company in Canada. Despite having no debts and no long-term debts, the company faces financial problems with short-term assets of CA$16.3K unable to pay short-term debts of CA$1.8M. Shareholders have experienced dilution over the past year, with major stocks increasing by 5%. The stock has shown high volatility recently, although weekly volatility has been relatively stable over the past year. BCM Resources maintains a steady cash flow trailing over three years despite declining free cash flow at 38.9% per year.
TSXV:B Financial Position Review as of Nov 2024
Simply Wall St Financial Health Rating: ★★★★★★★
In a nutshell Omni-Lite Industries Canada Inc. manufactures metal alloy, composite components, and fastener systems in the United States and Canada, with a market cap of CA$20.04 million.
Operations: The company earns income from its operations in Canada and the United States, with $4.03 million from Canada and $11.67 million from the United States.
Market Cap: CA$20.04M
Omni-Lite Industries Canada Inc., with a market cap of CA$20.04 million, showed improved revenue and profitability over the past year, reporting nine-month sales of US$12.39 million compared to US$9.1 million a year earlier. The company is debt-free, which reduces concerns about interest payments and increases its financial stability. Despite this progress, Omni-Lite experienced one significant loss that impacted its current results and maintains a low return on equity at 5.1%. Its current assets of $9.8M effectively cover both short-term ($1.9M) and long-term liabilities ($5.4M).
TSX: OML’s Debt to Equity History and Analysis as of Nov 2024
Simply Wall St Financial Health Rating: ★★★★☆☆
In a nutshell Velocity Minerals Ltd. is involved in the acquisition, exploration, evaluation, development, and investment of mineral resources in Bulgaria with a market capitalization of CA$33.37 million.
Operations: Velocity Minerals Ltd. does not currently disclose any financial information.
Market Cap: CA$33.37M
Velocity Minerals Ltd., with a market capitalization of CA$33.37 million, is an early stage investment focused on expanding its mining operations in Bulgaria. Recent developments include an agreement to acquire a 100% interest in the Toledo gold-silver property, which boasts historical exploration data and the potential for additional resources. Although it has no debts and has short-term assets of CA$2.3 million to cover debts, the company faces financial problems in less than a year of cash flow and continued shareholder dilution. Management is knowledgeable but must navigate these barriers to finance its strategic acquisitions.
TSXV:VLC Debt to Equity History and Analysis as of Nov 2024
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This Simply Wall St article is casual in nature. We provide commentary based on historical data and analysts’ estimates only using an unbiased approach and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and it does not take into account your goals, or your financial situation. We aim to bring you long-term focused research driven by valuable data. Note that our analysis may not result in price-sensitive or quality-sensitive company advertisements. Simply Wall St has no position in any of the stocks mentioned.
Companies discussed in this article include TSXV:B TSXV:OML and TSXV:VLC.
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