TSX Penny Stocks To Watch In October 2024

Simply Wall St.2024-10-21

The TSX is having a strong year, up more than 17%, amidst a backdrop of a growing economy and supportive central bank policies. For those interested in smaller or newer companies, penny stocks—despite...

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For those interested in smaller or newer companies, penny stocks—despite...</p>\n\n<a href=\"https://finance.yahoo.com/news/tsx-penny-stocks-watch-october-060546300.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSX Penny Stocks To Watch In October 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSX Penny Stocks To Watch In October 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-21 14:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tsx-penny-stocks-watch-october-060546300.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The TSX is having a strong year, up more than 17%, amidst a backdrop of a growing economy and supportive central bank policies. For those interested in smaller or newer companies, penny stocks—despite...</p>\n\n<a href=\"https://finance.yahoo.com/news/tsx-penny-stocks-watch-october-060546300.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://finance.yahoo.com/news/tsx-penny-stocks-watch-october-060546300.html","article_id":"2477077420","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gXqEuT8sMv3dkj_dXsv9Uw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/15d86b06753ea10fbf3763badd0d17cd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477077420","pubTimestamp":1729490746,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The TSX is having a strong year, up more than 17%, amidst a backdrop of a growing economy and supportive central bank policies. For those interested in smaller or newer companies, penny stocks—despite their somewhat outdated name—still present intriguing opportunities. These stocks can offer unique value and growth potential when backed by solid financials, and we will explore three noteworthy examples that may hold promise for investors seeking hidden gems.Overview: Discovery Silver Corp. is a mineral exploration company focused on the exploration and development of polymetallic mineral deposits, with a market cap of CA$420.24 million.GoGold Resources Inc., with a market cap of CA$556.90 million, opera","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","BK4168":"多种金属与采矿","BK4210":"白银","NEWP":"New Pacific Metals Corp."},"translate_title":"2024年10月值得关注的多伦多证券交易所细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEWP":0.9},"content_text":"The TSX is having a strong year, up more than 17%, amidst a backdrop of a growing economy and supportive central bank policies. For those interested in smaller or newer companies, penny stocks—despite their somewhat outdated name—still present intriguing opportunities. These stocks can offer unique value and growth potential when backed by solid financials, and we will explore three noteworthy examples that may hold promise for investors seeking hidden gems.\nTop 10 Penny Stocks In Canada\n\n\n\nName\nShare Price\nMarket Cap\nFinancial Health Rating\n\n\nPetroTal (TSX:TAL)\nCA$0.68\nCA$620.88M\n★★★★★★\n\n\nFindev (TSXV:FDI)\nCA$0.41\nCA$11.75M\n★★★★★☆\n\n\nWinshear Gold (TSXV:WINS)\nCA$0.14\nCA$4.4M\n★★★★★★\n\n\nMandalay Resources (TSX:MND)\nCA$3.16\nCA$297.04M\n★★★★★★\n\n\nPulse Seismic (TSX:PSD)\nCA$2.35\nCA$119.71M\n★★★★★★\n\n\nAmerigo Resources (TSX:ARG)\nCA$1.83\nCA$303.72M\n★★★★★☆\n\n\nForaco International (TSX:FAR)\nCA$2.25\nCA$221.84M\n★★★★★☆\n\n\nNewport Exploration (TSXV:NWX)\nCA$0.115\nCA$12.14M\n★★★★★★\n\n\nVox Royalty (TSX:VOXR)\nCA$4.15\nCA$209.94M\n★★★★★★\n\n\nNamSys (TSXV:CTZ)\nCA$1.15\nCA$30.89M\n★★★★★★\n\n\n\nClick here to see the full list of 950 stocks from our TSX Penny Stocks screener.\nHere we highlight a subset of our preferred stocks from the screener.\nDiscovery Silver\nSimply Wall St Financial Health Rating: ★★★★★☆\nOverview: Discovery Silver Corp. is a mineral exploration company focused on the exploration and development of polymetallic mineral deposits, with a market cap of CA$420.24 million.\nOperations: Discovery Silver Corp. does not report any specific revenue segments as it is focused on the exploration and development of polymetallic mineral deposits.\nMarket Cap: CA$420.24M\nDiscovery Silver Corp., with a market cap of CA$420.24 million, remains pre-revenue and focuses on mineral exploration. Despite being debt-free and having short-term assets that cover liabilities, the company faces challenges such as increased losses over five years and less than a year of cash runway if cash flow trends continue. The stock has experienced high volatility but was recently added to the S&P Global BMI Index, which may enhance visibility. Analysts suggest potential for significant price appreciation, yet profitability is not forecasted in the near term. The management team is relatively new with an average tenure of 1.8 years.\n\nJump into the full analysis health report here for a deeper understanding of Discovery Silver.\nLearn about Discovery Silver's future growth trajectory here.\n\n\n\n\n  TSX:DSV Debt to Equity History and Analysis as at Oct 2024\n \n\nGoGold Resources\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: GoGold Resources Inc. is involved in the exploration, development, and production of gold and silver in Mexico with a market cap of CA$556.90 million.\nOperations: The company generates revenue from its Metals & Mining segment, specifically Gold & Other Precious Metals, amounting to $31.79 million.\nMarket Cap: CA$556.9M\nGoGold Resources Inc., with a market cap of CA$556.90 million, operates in the gold and silver sector in Mexico. The company benefits from a seasoned management team and board, both averaging over five years of tenure, which could provide stability. GoGold's short-term assets significantly exceed its liabilities, offering financial flexibility despite being unprofitable. Recent production results show an increase in output for key metals compared to last year. The company is advancing its Los Ricos projects with a focus on underground mining, supported by extensive metallurgical testing and nearing completion of a definitive feasibility study for Los Ricos South.\n\nGet an in-depth perspective on GoGold Resources' performance by reading our balance sheet health report here.\nExplore GoGold Resources' analyst forecasts in our growth report.\n\n\n\n\n  TSX:GGD Debt to Equity History and Analysis as at Oct 2024\n \n\nNew Pacific Metals\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: New Pacific Metals Corp., along with its subsidiaries, focuses on the exploration and development of mineral properties in Bolivia and has a market cap of approximately CA$437.27 million.\nOperations: The company has not reported any revenue segments.\nMarket Cap: CA$437.27M\nNew Pacific Metals Corp., with a market cap of approximately CA$437.27 million, is pre-revenue and focuses on mineral exploration in Bolivia. The recent Preliminary Economic Assessment (PEA) for the Carangas project indicates potential with a post-tax net present value of US$501 million at base case metal prices and an internal rate of return of 26%. Despite being unprofitable, the company has no debt and sufficient cash runway for over two years. However, earnings have declined significantly over five years. Management's average tenure is relatively short at 2.7 years, indicating some experience but also potential instability in leadership continuity.\n\nTake a closer look at New Pacific Metals' potential here in our financial health report.\nExplore historical data to track New Pacific Metals' performance over time in our past results report.\n\n\n\n\n  TSX:NUAG Debt to Equity History and Analysis as at Oct 2024\n \n\nSeize The Opportunity\n\nGet an in-depth perspective on all 950  TSX Penny Stocks by using our screener here.\nHave you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.\nElevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.\n\nSearching for a Fresh Perspective?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nJump on the AI train with fast growing tech companies forging a new era of innovation.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n 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.\nCompanies discussed in this article include TSX:DSV TSX:GGD and TSX:NUAG.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477077420"}