Discover Tsx Penny shares with market top bounds under $ 200 million

Despite the rising rates, the Canadian market has shown resistance, while inflation and economic data are stable. In this context, Penny shares – usually representing smaller or newer companies – support an intriguing investment area. Although this term may seem outdated, these stocks can offer growth potential when they are supported by strong financial health and strong bases.

Name	Stock price	The top limit of the market	Financial health rating
Westbridge Renewable Energy (TSXV: Web)	Ca $ 0.70	CA 69.79 million USD	★★★★★
Illumin Holdings (TSX: Illm)	Ca $ 2.09	As $ 108.9 million. USD	★★★★ h☆
FinTech Select (TSXV: FTEC)	Ca $ 0.025	As $ 2.4 million USD	★★★★★
Findev (TSXV: FDI)	Ca $ 0.425	As $ 12.18 million. USD	★★★★★
Mandalay Resources (TSX: MND)	Ca 4.64 USD	CA 427.48 million USD	★★★★★
Thor Explorations (TSXV: Thx)	Ca $ 0.76	CA 492.32 million USD	★★★★★
Pulse seismic (TSX: PSD)	Ca $ 3.38	CA 176.12 million USD	★★★★★
ACT Energy Technologies (TSX: ACX)	Ca 4.53 USD	CA 153.38 million USD	★★★★ h☆
HEMISHERS Energy (TSXV: HME)	Ca $ 1,94	As 186.11 million. USD	★★★★★
Mcchip Resources (TSXV: MCS)	Ca $ 1.84	As $ 8.91 million USD	★★★★★

Click here to see the full 450 shares from our TSX Penny stock display list.

Here we emphasize the subgroup of our desired screen stocks.

Just Wall Stri financial health rating: ★★★★★

Overview: Happy Creek Minerals Ltd. participates in the acquisition, exploration and development of mineral properties in Canada, with market capitalization of $ 12.54 million. USD.

Operations: Happy Creek Minerals Ltd. does not report any specific segments of income.

Market Limit: As $ 12.54 million. USD

Happy Creek Minerals with a market limit of $ 12.54 million. The company has no debt and recently raised $ 3.25 million. Despite experienced management and board members, Happy Creek has a high volatility of the share price to investors. The latest income showed that in 2025 In the first quarter, pure losses increased to low net income; However, there are essential annual losses, so the auditors express concern about their ability to continue the problem.

TSXV: HPY debt to property history and analysis as 2025 In July

Just Wall Stri financial health rating: ★★★★★

Overview: “Rapid systems inc.” Design, produce and sell single -phase micro -transverters for residential and commercial solar power plants with a top limit of $ 87.70 million. USD.

Operations: “Rapid systems inc.” did not report any specific segments of income.

Market Limit: CA 87.7 million USD

The GPS Systems with a market limit of $ 87.70 million. Recently, she started commercial production of micro -transverters in India, noting a significant phase of activity. Despite the fact that, in addition to debt and having short -term assets in excess of obligations, he reported $ 1.07 million. The company’s cash rise and landing trail continues for a little more than a year if the current trend of cash flows remains, emphasizing the financial pressure it is experiencing due to its development effort.

TSXV: Debt to the History and Analysis of Ownership as 2025 In July

Just Wall Stri financial health rating: ★★★★★

Overview: Northern Superior Resources Inc. There is a junior mining company focused on the exploration and estimation of gold qualities in Ontario and Quebec, Canada, with $ 184.06 million.

Operations: Northern Superior Resources Inc. have no reported income segments.

Market Limit: CA 184.06 million USD

Northern Superior Resources with a markets of $ 184.06 million. The latest acquisitions increased my land position in Chibougam in the Gold Camp, increasing the potential of resource development in the Philiberbert project. Despite its meaningful income, it remains without debt with short -term assets involving liabilities. The company has a cash trail that exceeds one year, but faces financial challenges inherent in younger mining. The latest drill results show promising high -level gold zones, which indicates potential growth opportunities as part of strategic exploration initiatives.

TSXV: SUP debt to the history and analysis of ownership as 2025 In July

This article by Simply Wall Station is of a general nature. We provide comments based on historical data and analysts’ forecasts using only impartial methodology, and our articles are not intended for financial consultation. This does not mean recommending to buy or sell any shares and does not take into account your goals or your financial situation. We aim to provide you with a long -term concentrated analysis, which is determined by basic data. Remember that our analysis cannot take into account the latest price sensitive reports or qualitative materials. Simply Wall St has no stores mentioned above.

The companies discussed in this article are TSXV: HPY TSXV: SCI and TSXV: Sup.

This article was originally published in Simply Wall St.

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