In Canada, recent economic indicators suggest a stabilization on the labor market and the inflation rates within the target range of the Bank of Canada, even if investors remain careful with potential market volatility. In the midst of these conditions are Penny shares – often representing smaller or newer companies – to offer intriguing growth opportunities at lower price points. By concentrating on strong financial data and solid basic principles, investors can discover hidden gems with the potential for impressive returns.
|
Name |
Share price |
Market capital |
Financial health assessment |
|
Westbridge Renewable Energy (TSXV: Web) |
Approx. $ 3.22 |
As $ 79.63 million |
★★★★★ |
|
Can select opportunities (TSXV: CSOC.A) |
Approx. $ 4.50 |
Approx $ 22.73m |
★★★★★ |
|
Montero Mining and Exploration (TSXV: Mon) |
Approx $ 0.285 |
As $ 2.42 million |
★★★★★ |
|
Cematrix (TSX: CEMX) |
Approx $ 0.365 |
Approx $ 54.82m |
★★★★★ |
|
Thor Explorations (TSXV: THX) |
Approx. $ 1.32 |
Approx. $ 838.27m |
★★★★★ |
|
Automotive Finco (TSXV: AFCC.H) |
Approx. $ 1.16 |
Approx. $ 21.6 million |
★★★★★ |
|
Amerigo Resources (TSX: ARG) |
Approx. $ 2.70 |
As $ 439.26 million |
★★★★★ ren |
|
Pulse Seismic (TSX: PSD) |
Approx. $ 3.56 |
As $ 180.18m |
★★★★★ |
|
Hemisphere Energy (TSXV: HME) |
Approx. $ 2.25 |
As $ 209.8 million |
★★★★★ |
|
Matachewan consolidated mines (TSXV: MCM.A) |
Approx $ 0.86 |
Approx. $ 10.7 million |
★★★★★ |
Click here to view the full list of 413 shares of our TSX Penny Stocks Screener.
This includes a selection of shares that are filtered out by our screen.
Simply Wall St Financial Health Assessment: ★★★★★
Overview: G2 Goldfields Inc. is involved in the acquisition and exploration of mineral property in Canada and Guyana, with a market capitalization of approximately $ 955.71 million.
Processing: The company’s turnover is fully derived from mineral exploration, in the amount of approximately $ 0.63 million.
Market capitalization: About $ 955.71 million
G2 Goldfields Inc., a pre-income company with a market capitalization of approximately $ 955.71 million, is actively investigating mineral property in Canada and Guyana. Recent developments include the issue of two large-scale prospect permits for his high-quality OKO-Ghanie Gold payment in Guyana, which includes 17,451 hectares. The company has also been added to the S&P Global BMI index and has completed a fully subscribed private placement that resulted in approximately $ 49.5 million. Although they have no debts and sufficient short -term assets to cover obligations, G2 remains unprofitable with increasing losses in the past five years, but continues to concentrate on exploratory successes.
Simply Wall St Financial Health Assessment: ★★★★ renvers
Overview: Image where Holdings Inc. A solutions company for Internet of Things (IIOT) is that hardware designs, produces and sells with sensors and software applications for following real-time information about equipment, tools and inventory in transit and at facilities, with a market capitalization of approximately $ 65.18 million.
