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    Dundee Leads The Way With 2 Other TSX Penny Stock Opportunities

    Simply Wall St·06/20/2025 12:04:51
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    As we head into the second half of 2025, the Canadian market is navigating through significant trade negotiations that could impact economic growth and inflation. Amidst this backdrop, investors are seeking opportunities in smaller companies that can offer potential value and growth. Penny stocks, despite their somewhat outdated moniker, remain a relevant investment area where financial strength and clear growth trajectories can uncover promising opportunities for those willing to explore beyond established giants.

    Top 10 Penny Stocks In Canada

    Name Share Price Market Cap Rewards & Risks
    PetroTal (TSX:TAL) CA$0.69 CA$640.24M ✅ 3 ⚠️ 4 View Analysis >
    Orezone Gold (TSX:ORE) CA$1.24 CA$665.6M ✅ 4 ⚠️ 2 View Analysis >
    Dynacor Group (TSX:DNG) CA$4.40 CA$189.71M ✅ 4 ⚠️ 2 View Analysis >
    Findev (TSXV:FDI) CA$0.445 CA$12.6M ✅ 2 ⚠️ 4 View Analysis >
    Thor Explorations (TSXV:THX) CA$0.77 CA$518.93M ✅ 3 ⚠️ 2 View Analysis >
    Automotive Finco (TSXV:AFCC.H) CA$0.89 CA$17.44M ✅ 2 ⚠️ 4 View Analysis >
    NTG Clarity Networks (TSXV:NCI) CA$2.26 CA$98.22M ✅ 4 ⚠️ 2 View Analysis >
    Intermap Technologies (TSX:IMP) CA$2.19 CA$125.23M ✅ 3 ⚠️ 2 View Analysis >
    Hemisphere Energy (TSXV:HME) CA$1.95 CA$185.99M ✅ 3 ⚠️ 1 View Analysis >
    McChip Resources (TSXV:MCS) CA$1.00 CA$5.65M ✅ 2 ⚠️ 4 View Analysis >

    Click here to see the full list of 890 stocks from our TSX Penny Stocks screener.

    Let's take a closer look at a couple of our picks from the screened companies.

    Dundee (TSX:DC.A)

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

    Overview: Dundee Corporation (TSX:DC.A) is a publicly owned investment manager with a market cap of CA$241.48 million.

    Operations: The company's revenue is primarily derived from its Mining Services segment, which generated CA$1.65 million.

    Market Cap: CA$241.48M

    Dundee Corporation has transitioned to profitability, boasting a high return on equity of 24.6% and a price-to-earnings ratio of 3.3x, which is below the Canadian market average. Despite limited revenue from its mining services segment (CA$4 million), Dundee's financial position is strong with more cash than debt and short-term assets covering both short- and long-term liabilities. Recent strategic moves include an ongoing share repurchase program aimed at reducing outstanding shares by up to 7.46%. The company also reported significant net income growth in the first quarter of 2025, indicating robust earnings momentum.

    TSX:DC.A Debt to Equity History and Analysis as at Jun 2025
    TSX:DC.A Debt to Equity History and Analysis as at Jun 2025

    BeWhere Holdings (TSXV:BEW)

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

    Overview: BeWhere Holdings Inc. is an industrial Internet of Things (IIoT) solutions company that designs, manufactures, and sells hardware with sensors and software applications for tracking real-time information on equipment, tools, and inventory both in-transit and at facilities, with a market cap of CA$70.02 million.

    Operations: The company generates revenue of CA$18.25 million from its Software & Programming segment.

    Market Cap: CA$70.02M

    BeWhere Holdings, with a market cap of CA$70.02 million, has demonstrated steady revenue growth in its Software & Programming segment, reaching CA$18.25 million. Despite recent negative earnings growth and declining profit margins—3.2% compared to 6% last year—the company maintains a solid financial position with short-term assets exceeding liabilities and cash surpassing total debt. Its experienced management team and board bolster operational stability. The announcement of a potential share repurchase program could enhance shareholder value by reducing the number of outstanding shares, though regulatory approval is pending for this initiative set to commence on June 9, 2025.

    TSXV:BEW Financial Position Analysis as at Jun 2025
    TSXV:BEW Financial Position Analysis as at Jun 2025

    Nickel 28 Capital (TSXV:NKL)

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

    Overview: Nickel 28 Capital Corp. is a base metals company with operations in Papua New Guinea, Quebec, British Columbia, Australia, and Yukon, and has a market cap of CA$66.28 million.

    Operations: Nickel 28 Capital Corp. has not reported any specific revenue segments.

    Market Cap: CA$66.28M

    Nickel 28 Capital Corp., with a market cap of CA$66.28 million, operates in the base metals sector and remains pre-revenue, reporting a net loss of US$0.93 million for Q1 2025. Despite earnings challenges, the company has significantly reduced its debt-to-equity ratio from 170.9% to 45.7% over five years and maintains a satisfactory net debt to equity ratio of 35.1%. The Ramu Nickel-Cobalt operation shows promising resource expansion, with notable increases in reserves and resources due to successful exploration efforts in 2024. However, ongoing legal disputes involving former executives may impact future operations and investor sentiment.

    TSXV:NKL Financial Position Analysis as at Jun 2025
    TSXV:NKL Financial Position Analysis as at Jun 2025

    Make It Happen

    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.