Explore the latest penny stocks making waves on the TSX and TSXV this week.
This week, we’re looking at some top penny stocks on the TSX and TSXV. Below is a table of our selected penny stocks, showing their current prices, market caps, and recent performance. These stocks often attract attention for their potential growth, especially in the materials and health care sectors.
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Stocks in this list
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Eloro Resources Ltd.
ELO.TO
Materials
$1.630
$195.06M
1D
-1.81%
1W
+0.00%
1911 Gold Corp
AUMB.V
Materials
$0.620
$192.69M
1D
-3.13%
1W
+5.08%
Cardiol Therapeutics Inc Class A
CRDL.TO
Health Care
$1.670
$192.50M
1D
-4.02%
1W
-1.18%
Genesis Land Development Corp.
GDC.TO
Real Estate
$3.420
$192.49M
1D
+0.00%
1W
+0.29%
Generation Mining Ltd
GENM.TO
Materials
$0.590
$190.41M
1D
-4.84%
1W
-1.67%
Silver Mountain Resources Inc.
AGMR.TO
$3.040
$190.35M
1D
+0.66%
1W
+5.19%
Auro Metals Inc.
AURO.V
$1.450
$189.80M
1D
-22.46%
1W
-14.20%
Black Mammoth Metals Corp
BMM.V
Materials
$4.120
$188.84M
1D
+12.88%
1W
+9.57%
| Company Name | Ticker | Price (CA$) | Market Cap (CA$) | 1D Change | 1W Change | Sector |
|---|---|---|---|---|---|---|
| Eloro Resources Ltd. | ELO.TO | 1.630 | 195.1M | -1.81% | +0.00% | Materials |
| 1911 Gold Corp | AUMB.V | 0.620 | 192.7M | -3.13% | +5.08% | Materials |
| Cardiol Therapeutics Inc Class A | CRDL.TO | 1.670 | 192.5M | -4.02% | -1.18% | Health Care |
| Genesis Land Development Corp. | GDC.TO | 3.420 | 192.5M | +0.00% | +0.29% | Real Estate |
| Generation Mining Ltd | GENM.TO | 0.590 | 190.4M | -4.84% | -1.67% | Materials |
| Silver Mountain Resources Inc. | AGMR.TO | 3.040 | 190.4M | +0.66% | +5.19% | — |
| Auro Metals Inc. | AURO.V | 1.450 | 189.8M | -22.46% | -14.20% | — |
| Black Mammoth Metals Corp | BMM.V | 4.120 | 188.8M | +12.88% | +9.57% | Materials |
| Cannara Biotech Inc. | LOVE.TO | 1.900 | 187.7M | +2.15% | -1.04% | — |
| Beyond Oil Ltd. | BOIL.TO | 2.310 | 187.5M | +0.43% | -1.70% | — |
| OrganiGram Holdings Inc | OGI.TO | 1.320 | 185.8M | +3.13% | +5.60% | Health Care |
| Prospector Metals Corp | PPP.V | 1.160 | 185.4M | -1.69% | -1.69% | Materials |
Investor takeaway: If you’re looking for penny stocks on the TSX and TSXV, consider opportunities in the materials sector, especially with companies like Eloro Resources Ltd. and 1911 Gold Corp. Keep in mind that volatility is a factor, as shown by the recent performance of these stocks.
Top Penny Stocks on the TSX & TSXV
The materials sector continues to lead the penny stock market, with several companies showing promise for growth despite some recent ups and downs.
Bull case
Eloro Resources Ltd. has shown strong performance in the materials sector, while 1911 Gold Corp. is gaining attention. Cardiol Therapeutics and Genesis Land Development also have potential in their respective fields.
Bear case
The penny stock market is known for its volatility. Recent declines in stock prices for companies like Generation Mining and Cardiol Therapeutics highlight the risks involved.
Eloro Resources Ltd. (ELO.TO)
Eloro Resources Ltd. focuses on mineral exploration and is active in the materials sector. With a current price of CA$1.630 and a market cap of CA$195.1M, the company has seen a slight decline of 1.81% in the last day but remains stable over the week. Investors are closely watching its exploration efforts as it seeks valuable mineral deposits.
1911 Gold Corp (AUMB.V)
1911 Gold Corp is another player in the materials sector, currently priced at CA$0.620 with a market cap of CA$192.7M. The stock has experienced a 3.13% decline in the last day but a positive 5.08% gain over the week. The company is focused on gold exploration in Manitoba, and its recent performance has attracted interest from investors seeking growth in the gold market.
Cardiol Therapeutics Inc (CRDL.TO)
Cardiol Therapeutics is dedicated to developing innovative therapies for heart diseases. Priced at CA$1.670 with a market cap of CA$192.5M, the stock has faced a 4.02% drop in the last day and a slight decline over the week. Despite the recent downturn, the health care sector remains a key area for potential growth, and Cardiol's research initiatives continue to draw attention.
Generation Mining Ltd (GENM.TO)
Generation Mining is involved in exploring and developing mineral properties, particularly in gold and copper. Currently priced at CA$0.590 with a market cap of CA$190.4M, the stock has seen a notable decline of 4.84% in the last day. Investors are monitoring its developments as the company aims to advance its projects amid changing market conditions.
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