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TSX Penny Stocks To Consider In September 2026

Simply Wall St · 2d ago

As September unfolds, Canadian investors are navigating a market landscape marked by clarity on AI investment cycles and the Federal Reserve's commitment to price stability, while also considering potential challenges from renewed U.S. tariffs. In this context, penny stocks—often smaller or newer companies—continue to present intriguing opportunities for growth at lower price points. Despite being considered a somewhat outdated term, these stocks can offer significant upside when backed by strong financials and solid fundamentals.

Let's explore several standout options from the results in the screener.

CEMATRIX (TSX:CEMX)

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

Overview: CEMATRIX Corporation, with a market cap of CA$72.99 million, manufactures and sells cellular concrete products through its subsidiaries in North America, including Canada and the United States.

Operations: The company's revenue is primarily derived from the supply and placement of cellular concrete, amounting to CA$53.85 million.

Market Cap: CA$72.99M

CEMATRIX Corporation, with a market cap of CA$72.99 million, has shown significant growth in earnings, reporting a net income increase to CA$3.49 million for Q2 2026 from CA$1.33 million the previous year. The company’s strong financial position is highlighted by its ability to cover interest payments and debt through EBIT and operating cash flow, respectively. Recent contract awards totaling $8.2 million bolster its robust sales pipeline across North America, while strategic acquisitions are being considered to enhance shareholder value further without diluting equity or compromising profitability objectives.

TSX:CEMX Revenue & Expenses Breakdown as at Sep 2026
TSX:CEMX Revenue & Expenses Breakdown as at Sep 2026

Defiance Silver (TSXV:DEF)

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

Overview: Defiance Silver Corp. is an exploration stage company focused on acquiring, exploring, evaluating, and developing mineral properties in Mexico with a market cap of CA$69.65 million.

Operations: Defiance Silver Corp. has not reported any revenue segments as it is in the exploration stage, concentrating on mineral property development in Mexico.

Market Cap: CA$69.65M

Defiance Silver Corp., with a market cap of CA$69.65 million, remains pre-revenue as it focuses on mineral exploration in Mexico. Recent developments include securing environmental authorization for exploration at the Green Earth Project and completing the final option payment for 100% ownership of the San Acacio mining concessions. The ongoing 10,000-meter drill program at Zacatecas aims to expand resource understanding and validate geological models. Financially, Defiance has no debt and sufficient short-term assets to cover liabilities but faces less than a year of cash runway if free cash flow trends continue. Its management team is experienced with an average tenure of 4.6 years.

TSXV:DEF Financial Position Analysis as at Sep 2026
TSXV:DEF Financial Position Analysis as at Sep 2026

01 Quantum (TSXV:ONE)

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

Overview: 01 Quantum Inc., along with its subsidiaries, offers cryptographic solutions across the United States, Asia-Pacific, Central America, and Canada, with a market capitalization of CA$47.10 million.

Operations: The company generates CA$1.60 million in revenue from the development and marketing of its post-quantum cryptographic software.

Market Cap: CA$47.1M

01 Quantum Inc., with a market cap of CA$47.10 million, is experiencing growth in sales, reporting CA$0.67 million for Q2 2026 compared to CA$0.10 million a year ago, but remains unprofitable with increasing net losses. The company has no debt and maintains a sufficient cash runway for over a year based on current free cash flow trends. Despite its negative return on equity of -46.08%, it benefits from an experienced board with an average tenure of 20.5 years and has seen reduced weekly volatility from 17% to 11% over the past year amidst significant insider selling recently.

TSXV:ONE Revenue & Expenses Breakdown as at Sep 2026
TSXV:ONE Revenue & Expenses Breakdown as at Sep 2026

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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.