--- title: "3 TSX Penny Stocks With Market Caps Over CA$10M" type: "News" locale: "en" url: "https://longbridge.com/en/news/276259614.md" description: "Recent developments in the Canadian market indicate a cautiously optimistic economic outlook, with a decline in unemployment and easing inflation. Penny stocks, representing smaller companies, present unique growth opportunities. Notable mentions include Pharmala Biotech Holdings (CA$10.34M market cap), BIGG Digital Assets (CA$21.35M), and Westbridge Renewable Energy (CA$47.27M). Pharmala focuses on MDMA development, BIGG operates in digital assets, and Westbridge is involved in solar projects. Despite challenges, these companies show potential for growth in their respective sectors." datetime: "2026-02-18T18:16:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276259614.md) - [en](https://longbridge.com/en/news/276259614.md) - [zh-HK](https://longbridge.com/zh-HK/news/276259614.md) generator: "portal-rs" --- # 3 TSX Penny Stocks With Market Caps Over CA$10M Recent developments in the Canadian market, such as a decline in unemployment and easing inflation, suggest a cautiously optimistic economic outlook. In this context, penny stocks—typically representing smaller or newer companies—offer unique opportunities for growth at lower price points. Despite their somewhat outdated name, these stocks can provide significant potential when backed by strong financials and solid fundamentals. ### Top 10 Penny Stocks In Canada **NameShare PriceMarket CapRewards & Risks**Westbridge Renewable Energy (TSXV:WEB) CA$1.88CA$47.27M✅ 3 ⚠️ 4 View Analysis >Cannara Biotech (TSXV:LOVE) CA$1.82CA$177.81M✅ 3 ⚠️ 1 View Analysis >Zoomd Technologies (TSXV:ZOMD) CA$0.95CA$94.75M✅ 4 ⚠️ 2 View Analysis >Montero Mining and Exploration (TSXV:MON) CA$0.76CA$6.35M✅ 2 ⚠️ 4 View Analysis >CEMATRIX (TSX:CEMX) CA$0.355CA$53.94M✅ 3 ⚠️ 1 View Analysis >Monument Mining (TSXV:MMY) CA$1.11CA$400.68M✅ 2 ⚠️ 1 View Analysis >Thor Explorations (TSXV:THX) CA$1.52CA$1.03B✅ 3 ⚠️ 2 View Analysis >Pulse Seismic (TSX:PSD) CA$3.80CA$194.24M✅ 2 ⚠️ 1 View Analysis >Caldwell Partners International (TSX:CWL) CA$0.96CA$28.34M✅ 2 ⚠️ 3 View Analysis >Hemisphere Energy (TSXV:HME) CA$2.17CA$200.93M✅ 3 ⚠️ 1 View Analysis > Click here to see the full list of 359 stocks from our TSX Penny Stocks screener. We're going to check out a few of the best picks from our screener tool. ## Pharmala Biotech Holdings (CNSX:MDMA) **Simply Wall St Financial Health Rating:** ★★★★☆☆ **Overview:** Pharmala Biotech Holdings Inc. is a biotechnology company focused on the development, manufacture, and sale of MDMA and MDXX class molecules for clinical research purposes, with a market cap of CA$10.34 million. **Operations:** The company generates CA$0.75 million in revenue from the development and sale of MDMA and MDXX class molecules for clinical research purposes. **Market Cap:** CA$10.34M Pharmala Biotech Holdings Inc., a pre-revenue biotechnology company with a market cap of CA$10.34 million, is focused on developing MDMA and MDXX class molecules for clinical research. Despite its lack of profitability and short cash runway, the company maintains a debt-free balance sheet with assets exceeding liabilities. Recent changes in the board bring seasoned financial expertise with the appointment of Lennie Ryer, CPA, CA. However, auditors have expressed concerns about its ability to continue as a going concern. Pharmala has engaged in strategic agreements to supply clinical research materials to institutions like Ostfold Hospital Trust and Orygen Institute. - Jump into the full analysis health report here for a deeper understanding of Pharmala Biotech Holdings. - Gain insights into Pharmala Biotech Holdings' past trends and performance with our report on the company's historical track record. CNSX:MDMA Financial Position Analysis as at Feb 2026 ## BIGG Digital Assets (TSXV:BIGG) **Simply Wall St Financial Health Rating:** ★★★★★☆ **Overview:** BIGG Digital Assets Inc. is involved in owning, operating, and investing in digital asset businesses across Canada, the USA, Europe, and internationally with a market cap of CA$21.35 million. **Operations:** The company's revenue is primarily generated from Canada (CA$11.68 million), followed by the USA (CA$1.11 million) and Europe (CA$0.42 million). **Market Cap:** CA$21.35M BIGG Digital Assets Inc., with a market cap of CA$21.35 million, has shown revenue growth, reporting CA$3.29 million in the third quarter of 2025 compared to CA$2.13 million a year ago. Despite being unprofitable and having a negative return on equity (-92.35%), the company benefits from experienced management and board teams with average tenures of 3.9 and 6.2 years respectively. Its short-term assets (CA$265 million) comfortably cover both short-term (CA$254.8 million) and long-term liabilities (CA$4,200). BIGG remains debt-free but is not expected to achieve profitability within the next three years. - Click to explore a detailed breakdown of our findings in BIGG Digital Assets' financial health report. - Learn about BIGG Digital Assets' future growth trajectory here. TSXV:BIGG Debt to Equity History and Analysis as at Feb 2026 ## Westbridge Renewable Energy (TSXV:WEB) **Simply Wall St Financial Health Rating:** ★★★★★★ **Overview:** Westbridge Renewable Energy Corp. focuses on acquiring and developing solar photovoltaic projects across Canada, the United States, the United Kingdom, and Italy, with a market cap of CA$47.27 million. **Operations:** There are no reported revenue segments for Westbridge Renewable Energy Corp. **Market Cap:** CA$47.27M Westbridge Renewable Energy Corp., with a market cap of CA$47.27 million, is pre-revenue but offers potential through its international solar and battery energy storage projects. Recent approvals for the Red Willow and Dolcy projects in Alberta highlight progress towards operational capacity, with Dolcy moving to the 'Ready-to-Build' stage. The company trades at a significant discount to its estimated fair value and benefits from an experienced management team. Despite negative earnings growth last year, Westbridge's debt-free status and strong insider retention position it as an intriguing prospect within renewable energy development sectors. - Click here and access our complete financial health analysis report to understand the dynamics of Westbridge Renewable Energy. - Gain insights into Westbridge Renewable Energy's future direction by reviewing our growth report. TSXV:WEB Financial Position Analysis as at Feb 2026 ## Make It Happen - Navigate through the entire inventory of 359 TSX Penny Stocks here. - Interested In Other Possibilities? The latest GPUs need a type of rare earth metal called Terbium and there are only 30 companies in the world exploring or producing it. Find the list for free. *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.* ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [BBKCF.US](https://longbridge.com/en/quote/BBKCF.US.md) - [BBKCD.US](https://longbridge.com/en/quote/BBKCD.US.md) ## Related News & Research - [Netcoins Launches Crypto-Backed Lending in Canada with APX Lending | BBKCF Stock News](https://longbridge.com/en/news/293594670.md) - [BIGG Digital Assets Inc. Reports Audited Financial Results for Fiscal Year 2025 | BBKCF Stock News](https://longbridge.com/en/news/284462051.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**