May 4, 2025
3 Canadian Penny Stocks On TSX Under CAM Market Cap #CanadaFinance

3 Canadian Penny Stocks On TSX Under CA$70M Market Cap #CanadaFinance

Financial Insights That Matter

As the Canadian market navigates the complexities of global trade tensions and economic uncertainties, investors are increasingly looking for opportunities that can offer both growth and resilience. Penny stocks, often seen as remnants of past market trends, continue to captivate investors with their potential for significant returns. Despite their vintage label, these smaller or newer companies can present compelling opportunities when backed by solid financials.

Name

Share Price

Market Cap

Financial Health Rating

Westbridge Renewable Energy (TSXV:WEB)

CA$0.58

CA $ 60.69m

★★★★★★

NTG Clarity Networks (TSXV:NCI)

CA$1.40

As $ 64.5m

★★★★★☆

Silvercorp Metals (TSX:SVM)

CA$4.60

As $ 1.02b

★★★★★☆

Orezone Gold (TSX:Ore)

CA$0.75

CA$407.32M

★★★★★☆

Amerigo Resources (TSX:ARG)

CA$1.57

As $ 269.19m

★★★★★☆

Energy (TSXV:ALV)

CA$4.60

CA $ 174.43m

★★★★★★

PetroTal (TSX:TAL)

CA$0.55

CA$531.2M

★★★★★☆

McCoy Global (TSX:MCB)

CA$2.40

CA $ 69.04m

★★★★★★

Headwater Exploration (TSX:HWX)

CA$4.91

CA $ 1.24b

★★★★★★

Findev (TSXV:FDI)

CA$0.50

As $ 15.18m

★★★★★★

Click here to see the full list of 942 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: Nano One Materials Corp. produces and sells cathode active materials for lithium-ion batteries used in electric vehicles, energy storage systems, and consumer electronics, with a market cap of CA$66.87 million.

Operations: Currently, there are no reported revenue segments for the company.

Market Cap: CA$66.87M

Nano One Materials Corp., with a market cap of CA$66.87 million, is pre-revenue and unprofitable, reporting a net loss of CA$29.22 million for 2024. The company has no debt and its short-term assets exceed both short- and long-term liabilities, but it faces less than a year of cash runway at current free cash flow rates. Despite these challenges, Nano One’s leadership transition could bolster its technological capabilities as Dr. Guoxian Liang takes over R&D efforts with his extensive experience in lithium-ion cathode materials commercialization, potentially positioning the company for future growth in the battery sector.

TSX:NANO Financial Position Analysis as at Apr 2025
TSX:NANO Financial Position Analysis as at Apr 2025

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Forum Energy Metals Corp. is involved in the evaluation, acquisition, exploration, and development of natural resource properties in Canada and the United States with a market cap of CA$13.92 million.

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