TSX Penny Stocks With Market Caps Over CA$100M

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The Canadian market has shown resilience, with the TSX rising over 2% recently, even as global markets grapple with tariff uncertainties and economic pressures. In this context, penny stocks—often seen as a niche investment area—continue to offer intriguing opportunities for growth in smaller or newer companies. By focusing on those with strong financial health and potential for stability, investors can uncover valuable prospects within this segment of the market.

Top 10 Penny Stocks In Canada

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$1.54

CA$66.86M

★★★★★★

Thor Explorations (TSXV:THX)

CA$0.585

CA$419.14M

★★★★☆☆

Orezone Gold (TSX:ORE)

CA$1.20

CA$690.42M

★★★★★☆

Amerigo Resources (TSX:ARG)

CA$1.70

CA$275.8M

★★★★★☆

Alvopetro Energy (TSXV:ALV)

CA$5.00

CA$181.71M

★★★★★★

PetroTal (TSX:TAL)

CA$0.55

CA$512.47M

★★★★★☆

McCoy Global (TSX:MCB)

CA$2.71

CA$69.84M

★★★★★★

Findev (TSXV:FDI)

CA$0.51

CA$13.75M

★★★★★★

BluMetric Environmental (TSXV:BLM)

CA$1.15

CA$43.93M

★★★★★★

Click here to see the full list of 926 stocks from our TSX Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

ACT Energy Technologies

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

Overview: ACT Energy Technologies Ltd. offers directional drilling services to oil and natural gas companies in Canada and the United States, with a market cap of CA$164.90 million.

Operations: The company generates CA$571.79 million in revenue from its directional drilling services.

Market Cap: CA$164.9M

ACT Energy Technologies has shown robust financial performance, with annual revenues of CA$571.79 million and a significant net income increase to CA$57.91 million from the previous year. The company maintains a high return on equity at 24% and strong interest coverage, indicating effective debt management. Recent executive changes include the appointment of Robert Skilnick as CFO, bringing extensive industry experience to the role. Despite earnings growth outpacing industry averages, upcoming forecasts suggest a slight decline in earnings over the next three years. Additionally, ACT's share buyback program reflects confidence in its valuation strategy.

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

Dundee

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

Overview: Dundee Corporation is a publicly owned investment manager with a market cap of CA$200.30 million.