Discover TSX Penny Stocks With Market Caps Under CA$200M

SPARQ Systems, with a market cap of CA$87.70 million, is a pre-revenue company facing challenges typical of penny stocks. It recently commenced commercial production of microinverters in India, marking a significant operational milestone. Despite being debt-free and having short-term assets exceeding liabilities, it reported a net loss of CA$1.07 million for Q1 2025 and continues to face going concern doubts from auditors due to ongoing losses. The company’s cash runway extends just over a year if current cash flow trends persist, highlighting the financial pressures it faces amidst its expansion efforts.

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

Overview: Northern Superior Resources Inc. is a junior mining company focused on exploring and evaluating gold properties in Ontario and Québec, Canada, with a market cap of CA$184.06 million.

Operations: Northern Superior Resources Inc. does not have any reported revenue segments.

Market Cap: CA$184.06M

Northern Superior Resources, with a market cap of CA$184.06 million, is pre-revenue and focused on expanding its gold exploration footprint in Ontario and Québec. Recent acquisitions have increased its land position in the Chibougamau Gold Camp, enhancing potential for resource expansion at the Philibert Project. Despite no meaningful revenue, it remains debt-free with short-term assets covering liabilities. The company has a cash runway exceeding one year but faces financial challenges typical of junior miners. Recent drilling results indicate promising high-grade gold zones, suggesting potential growth opportunities as part of its strategic exploration initiatives.

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.

Companies discussed in this article include TSXV:HPY TSXV:SPRQ and TSXV:SUP.

This article was originally published by Simply Wall St.

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