Explore the latest penny stocks making waves on the TSX and TSXV this September.
As of September 7, 2026, here are some notable penny stocks on the TSX and TSXV. This list highlights companies with market caps around CA$200 million, reflecting the dynamic nature of the Canadian small-cap market.
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Stocks in this list
Live snapshots — open any name for the full quote and Wealth Awesome price forecast.
Axo Copper Corp
AXO.V
$0.920
$198.95M
1D
-1.08%
1W
-3.16%
Cannara Biotech Inc.
LOVE.TO
$1.990
$196.58M
1D
+0.51%
1W
+0.00%
Excellon Resources Inc.
EXN.V
$0.445
$196.15M
1D
-4.30%
1W
-8.25%
Laramide Resources Ltd.
LAM.TO
Energy
$0.670
$196.15M
1D
+1.52%
1W
-5.63%
Oceanic Iron Ore Corp
FEO.V
Materials
$0.750
$196.13M
1D
+0.00%
1W
-2.60%
Hydreight Technologies Inc
NURS.V
Health Care
$3.635
$195.10M
1D
-2.02%
1W
-8.44%
GR Silver Mining Ltd
GRSL.V
Materials
$0.380
$194.62M
1D
-2.56%
1W
-5.00%
Graphite One Inc
GPH.V
Materials
$0.930
$194.34M
1D
-7.92%
1W
-7.92%
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| Ticker | Company Name | Price (CA$) | Market Cap (CA$) | 1D Change | 1W Change | Sector |
|---|---|---|---|---|---|---|
| AXO.V | Axo Copper Corp | 0.920 | 199.0M | -1.08% | -3.16% | Materials |
| LOVE.TO | Cannara Biotech Inc. | 1.990 | 196.6M | +0.51% | 0.00% | Health Care |
| EXN.V | Excellon Resources Inc. | 0.445 | 196.1M | -4.30% | -8.25% | Materials |
| LAM.TO | Laramide Resources Ltd. | 0.670 | 196.1M | +1.52% | -5.63% | Energy |
| FEO.V | Oceanic Iron Ore Corp | 0.750 | 196.1M | +0.00% | -2.60% | Materials |
| NURS.V | Hydreight Technologies Inc | 3.635 | 195.1M | -2.02% | -8.44% | Health Care |
| GRSL.V | GR Silver Mining Ltd | 0.380 | 194.6M | -2.56% | -5.00% | Materials |
| GPH.V | Graphite One Inc | 0.930 | 194.3M | -7.92% | -7.92% | Materials |
| PNE.TO | Pine Cliff Energy Ltd | 0.540 | 193.7M | -3.57% | -3.57% | Energy |
| SPA.V | Spanish Mountain Gold Ltd | 0.365 | 193.0M | +4.29% | -1.35% | Materials |
| GDC.TO | Genesis Land Development Corp. | 3.420 | 192.5M | -0.29% | +1.48% | Real Estate |
| NRC.V | NMC Resource Corporation | 1.240 | 192.5M | +1.64% | +20.39% | Materials |
Investor takeaway: The penny stock market can be volatile, but it also offers opportunities for growth. Investors should consider the fundamentals of each company, along with market trends, before making decisions.
Market Caps Around CA$200 Million
The companies listed are all positioned in the penny stock range, with market caps hovering around CA$200 million, indicating their small-cap status.
Bull case
These companies could attract more investor interest as the market recovers, especially in sectors like materials and health care.
Bear case
Penny stocks can be risky, and these companies might face challenges like market volatility and operational risks.
Axo Copper Corp (AXO.V)
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Axo Copper Corp focuses on copper exploration and development. Currently trading at CA$0.920, the company has a market cap of CA$199 million. Despite a recent decline of 1.08% in one day and 3.16% over the week, Axo's projects in promising copper regions could draw future investment as demand for copper grows.
Cannara Biotech Inc. (LOVE.TO)
Cannara Biotech Inc. operates in the health care sector, specializing in cannabis products. With a share price of CA$1.990 and a market cap of CA$196.6 million, Cannara has seen a slight increase of 0.51% in one day. The company's commitment to quality and innovation in the cannabis space may position it well as the market evolves.
Excellon Resources Inc. (EXN.V)
Excellon Resources Inc. is a mining company engaged in exploring and producing silver and other minerals. Currently priced at CA$0.445, it has a market cap of CA$196.1 million. However, the stock has faced challenges, with a 4.30% decline in one day and an 8.25% drop over the week, reflecting broader market pressures in the mining sector.
Laramide Resources Ltd. (LAM.TO)
Laramide Resources Ltd. focuses on uranium and other mineral resources. Trading at CA$0.670 with a market cap of CA$196.1 million, the company experienced a 1.52% increase in one day, although it has seen a decline of 5.63% over the week. As energy demands shift, Laramide's focus on uranium could attract more interest.
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