The Canadian market has recently shown resilience, with strong corporate profits offsetting challenges like higher energy prices and inflation pressures. For investors looking beyond the major players, penny stocks—often representing smaller or newer companies—can offer intriguing opportunities. While the term "penny stock" might seem outdated, these stocks remain relevant by potentially combining affordability with growth prospects when backed by solid financials.
Top 10 Penny Stocks In Canada
| Name |
Share Price |
Market Cap |
Financial Health Rating |
| Cannara Biotech (TSX:LOVE) |
CA$1.75 |
CA$172.87M |
★★★★★★ |
| Zoomd Technologies (TSXV:ZOMD) |
CA$0.545 |
CA$56.95M |
★★★★★★ |
| CEMATRIX (TSX:CEMX) |
CA$0.56 |
CA$82.38M |
★★★★★★ |
| Monument Mining (TSXV:MMY) |
CA$0.82 |
CA$283.8M |
★★★★★★ |
| Advent-AWI Holdings (TSXV:AWI) |
CA$0.80 |
CA$9.55M |
★★★★☆☆ |
| Covalon Technologies (TSXV:COV) |
CA$1.84 |
CA$51.37M |
★★★★★★ |
| Thermal Energy International (TSXV:TMG) |
CA$0.165 |
CA$26.5M |
★★★★★★ |
| Thor Explorations (TSXV:THX) |
CA$1.24 |
CA$826.55M |
★★★★★★ |
| Computer Modelling Group (TSX:CMG) |
CA$3.99 |
CA$316.45M |
★★★★★☆ |
| Caldwell Partners International (TSX:CWL) |
CA$0.92 |
CA$26.55M |
★★★★★★ |
Click here to see the full list of 311 stocks from our TSX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Genesis Land Development
Simply Wall St Financial Health Rating:★★★★☆☆
Overview:Genesis Land Development Corp. is an integrated land developer and residential home builder that owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, with a market cap of CA$188.57 million.
Operations:Genesis Land Development generates revenue from its Home Building segment, which accounts for CA$274.93 million, and its Land Development activities through Genesis and LP segments, contributing CA$159.10 million and CA$5.57 million respectively.
Market Cap:CA$188.57M
Genesis Land Development Corp. presents a mixed picture for investors interested in penny stocks. The company reported revenue of CA$381.16 million for 2025, with net income slightly declining to CA$39.24 million from the previous year. Its earnings per share remained stable at CA$0.69, while its Price-To-Earnings ratio is attractively low at 4.8x compared to the Canadian market average of 16.3x, suggesting potential value opportunities. However, Genesis faces challenges such as low return on equity (12.8%), increased debt levels over five years, and an inexperienced management team with an average tenure of just 1.7 years.
Torrent Capital
Simply Wall St Financial Health Rating:★★★★★★
Overview:Torrent Capital Ltd. is an investment company focusing on securities of public and private companies as well as cryptocurrencies, with a market capitalization of CA$18.52 million.
Operations:No specific revenue segments have been reported for this investment company.
Market Cap:CA$18.52M
Torrent Capital Ltd. offers a complex landscape for those exploring penny stocks. With a market cap of CA$18.52 million, the company is pre-revenue but reported revenue of CA$6.14 million in 2025, up from the previous year. Despite negative earnings growth over the past year and declining net profit margins, Torrent maintains strong financial health with short-term assets significantly exceeding liabilities and no debt burden. Its Price-To-Earnings ratio of 5.6x suggests potential value compared to broader market averages, though challenges include low return on equity and an inexperienced management team with an average tenure of just 1.5 years.
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Click to explore a detailed breakdown of our findings in Torrent Capital's financial health report.
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Explore historical data to track Torrent Capital's performance over time in our past results report.
Viscount Mining
Simply Wall St Financial Health Rating:★★★★★★
Overview:Viscount Mining Corp. is involved in the evaluation and exploration of mineral properties in the United States, with a market cap of CA$48.09 million.
Operations:Viscount Mining Corp. currently does not report any specific revenue segments.
Market Cap:CA$48.09M
Viscount Mining Corp. presents a compelling case for penny stock investors, with its focus on mineral exploration at the Silver Cliff Project in Colorado. The company is pre-revenue and unprofitable but has made significant strides in advancing its exploration efforts. Recent developments include a contract with Rosor Exploration Corp. for an airborne survey to refine drill targets and enhance understanding of potential gold-copper porphyry systems. Despite short-term financial challenges, including limited cash runway, Viscount has bolstered its capital position through private placements, raising over CA$5 million to support ongoing exploration activities.
Taking Advantage
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Jump into our full catalog of 311 TSX Penny Stocks here.
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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:GDC TSXV:TORR and TSXV:VML.
This article was originally published by Simply Wall St .
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