TSX Penny Stocks To Consider In November 2025
The Canadian market has shown resilience with a surprising uptick in job creation, even as global equity markets experience volatility due to AI valuation concerns. In this climate, penny stocks—often associated with smaller or newer companies—continue to offer intriguing opportunities for growth at lower price points. By focusing on those with strong financial health and solid fundamentals, investors can uncover potential gems that balance risk and reward effectively.
Top 10 Penny Stocks In Canada
| Name | Share Price | Market Cap | Rewards & Risks |
| Westbridge Renewable Energy (TSXV:WEB) | CA$2.27 | CA$55.62M | ✅ 3 ⚠️ 4 View Analysis > |
| Canso Select Opportunities (TSXV:CSOC.A) | CA$4.50 | CA$21.61M | ✅ 2 ⚠️ 2 View Analysis > |
| Zoomd Technologies (TSXV:ZOMD) | CA$2.11 | CA$220.64M | ✅ 4 ⚠️ 1 View Analysis > |
| Montero Mining and Exploration (TSXV:MON) | CA$0.41 | CA$3.51M | ✅ 2 ⚠️ 4 View Analysis > |
| Thor Explorations (TSXV:THX) | CA$1.15 | CA$731.83M | ✅ 3 ⚠️ 2 View Analysis > |
| Automotive Finco (TSXV:AFCC.H) | CA$1.08 | CA$21.4M | ✅ 2 ⚠️ 3 View Analysis > |
| Rio2 (TSX:RIO) | CA$2.24 | CA$928.32M | ✅ 4 ⚠️ 3 View Analysis > |
| Pulse Seismic (TSX:PSD) | CA$2.80 | CA$142.62M | ✅ 2 ⚠️ 1 View Analysis > |
| Hemisphere Energy (TSXV:HME) | CA$2.13 | CA$201.71M | ✅ 3 ⚠️ 2 View Analysis > |
| Matachewan Consolidated Mines (TSXV:MCM.A) | CA$0.77 | CA$9.08M | ✅ 2 ⚠️ 4 View Analysis > |
Click here to see the full list of 415 stocks from our TSX Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Verano Holdings (NEOE:VRNO)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Verano Holdings Corp. is a vertically integrated multi-state cannabis operator in the United States with a market cap of CA$597 million.
Operations: Verano Holdings generates revenue through its retail segment, which accounts for $677.15 million, and its wholesale segment, contributing $319.29 million.
Market Cap: CA$597M
Verano Holdings, a vertically integrated cannabis operator, has been navigating the challenges of maintaining profitability while expanding its market presence. Despite being unprofitable and not forecasted to achieve profitability in the near term, Verano has a positive free cash flow that supports a cash runway exceeding three years. Recent strategic moves include an exclusive partnership with Raw Garden to introduce premium cannabis products in New Jersey and launching HYPHEN's innovative vape system across major U.S. markets. However, its short-term assets do not cover long-term liabilities, and it faces volatility with high weekly share price fluctuations.
- Get an in-depth perspective on Verano Holdings' performance by reading our balance sheet health report here.
- Explore Verano Holdings' analyst forecasts in our growth report.
Monument Mining (TSXV:MMY)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Monument Mining Limited is involved in the production, exploration, and development of precious metals across Canada, Australia, and Malaysia with a market cap of CA$310.29 million.
Operations: The company's revenue is primarily generated from its gold mine operations, amounting to $98.64 million.
Market Cap: CA$310.29M
Monument Mining Limited has demonstrated robust financial performance with significant earnings growth of 482.6% over the past year, surpassing industry averages. The company reported a substantial increase in net income to US$37.54 million for the full year ending June 2025, supported by sales of US$98.64 million. Despite its highly volatile share price recently, Monument remains debt-free and boasts strong liquidity, with short-term assets significantly exceeding liabilities. The company benefits from high-quality earnings and a seasoned board of directors with an average tenure of 14 years, contributing to its strategic stability in the mining sector.
- Click here to discover the nuances of Monument Mining with our detailed analytical financial health report.
- Understand Monument Mining's earnings outlook by examining our growth report.
Western Copper and Gold (TSX:WRN)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Western Copper and Gold Corporation is an exploration stage company focused on the exploration and development of mineral properties in Canada, with a market cap of CA$546.47 million.
Operations: Western Copper and Gold Corporation does not report any revenue segments as it is an exploration stage company.
Market Cap: CA$546.47M
Western Copper and Gold Corporation, with a market cap of CA$546.47 million, is pre-revenue and remains unprofitable. Despite this, it has made strides in its Casino Project by submitting an Environmental and Socio-economic Effects Statement, marking progress in the permitting process. The company forecasts significant economic impacts from the project over its 27-year mine life, including substantial GDP contributions and job creation. While Western Copper is debt-free with short-term assets exceeding liabilities, both its board and management team are relatively inexperienced with average tenures under two years. Earnings are projected to grow significantly annually despite current losses.
- Unlock comprehensive insights into our analysis of Western Copper and Gold stock in this financial health report.
- Assess Western Copper and Gold's future earnings estimates with our detailed growth reports.
Where To Now?
- Get an in-depth perspective on all 415 TSX Penny Stocks by using our screener 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.
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