Explore the latest penny stocks making waves on the TSX and TSXV this week.
As of September 8, 2026, here’s a look at the top penny stocks on the TSX and TSXV. These companies are navigating the current market landscape with varying degrees of momentum. Below is a summary of their recent performances:
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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
+0.00%
1W
-2.13%
Cannara Biotech Inc.
LOVE.TO
$1.990
$196.58M
1D
+0.00%
1W
+0.00%
Excellon Resources Inc.
EXN.V
$0.445
$196.15M
1D
+0.00%
1W
-6.32%
Laramide Resources Ltd.
LAM.TO
Energy
$0.670
$196.15M
1D
+0.00%
1W
-1.47%
Oceanic Iron Ore Corp
FEO.V
Materials
$0.750
$196.13M
1D
+0.00%
1W
-1.32%
Hydreight Technologies Inc
NURS.V
Health Care
$3.635
$195.10M
1D
+0.00%
1W
-12.20%
GR Silver Mining Ltd
GRSL.V
Materials
$0.380
$194.62M
1D
+0.00%
1W
-2.56%
Graphite One Inc
GPH.V
Materials
$0.930
$194.34M
1D
+0.00%
1W
-11.43%
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| Ticker | Company Name | Price (CA$) | Market Cap (CA$) | 1D Change | 1W Change | Sector |
|---|---|---|---|---|---|---|
| AXO.V | Axo Copper Corp | 0.920 | 199.0M | 0.00% | -2.13% | |
| LOVE.TO | Cannara Biotech Inc. | 1.990 | 196.6M | 0.00% | 0.00% | |
| EXN.V | Excellon Resources Inc. | 0.445 | 196.1M | 0.00% | -6.32% | |
| LAM.TO | Laramide Resources Ltd. | 0.670 | 196.1M | 0.00% | -1.47% | Energy |
| FEO.V | Oceanic Iron Ore Corp | 0.750 | 196.1M | 0.00% | -1.32% | Materials |
| NURS.V | Hydreight Technologies Inc | 3.635 | 195.1M | 0.00% | -12.20% | Health Care |
| GRSL.V | GR Silver Mining Ltd | 0.380 | 194.6M | 0.00% | -2.56% | Materials |
| GPH.V | Graphite One Inc | 0.930 | 194.3M | 0.00% | -11.43% | Materials |
| PNE.TO | Pine Cliff Energy Ltd | 0.540 | 193.7M | 0.00% | -1.82% | Energy |
| SPA.V | Spanish Mountain Gold Ltd | 0.365 | 193.0M | 0.00% | 1.39% | Materials |
| GDC.TO | Genesis Land Development Corp. | 3.420 | 192.5M | 0.00% | 0.29% | Real Estate |
| NRC.V | NMC Resource Corporation | 1.240 | 192.5M | 0.00% | 11.71% | Materials |
Investor takeaway: The penny stock market on the TSX and TSXV is diverse, with companies across various sectors showing fluctuating performance. Investors should consider both the potential for growth and the inherent risks associated with smaller-cap stocks.
Market Caps Around CA$200 Million
Most companies in this list hover around a market cap of CA$196 million, indicating a tight grouping of small-cap stocks that may appeal to investors seeking entry points in specific sectors.
Bull case
These companies have growth potential in their sectors, especially if market conditions improve. For instance, companies in the materials sector could benefit from rising demand for commodities.
Bear case
Penny stocks can be very volatile, and many of these companies have seen downward trends over the past week. Investors should proceed with caution and conduct thorough research.
Axo Copper Corp (AXO.V)
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Axo Copper Corp focuses on copper exploration and development. With a current price of CA$0.920 and a market cap of CA$199 million, the company has faced a slight decline of 2.13% over the past week. Investors may want to monitor copper demand, as it can influence the company's prospects.
Cannara Biotech Inc. (LOVE.TO)
Cannara Biotech Inc. operates in the cannabis sector, currently priced at CA$1.990. With a market cap of CA$196.6 million, the stock has remained stable over the past week. As the cannabis market evolves, Cannara's positioning may offer growth opportunities, although regulatory factors are still a consideration.
Excellon Resources Inc. (EXN.V)
Excellon Resources is involved in silver mining and currently trades at CA$0.445. The company has a market cap of CA$196.1 million but has seen a decline of 6.32% in the past week. The volatility in precious metals can impact Excellon's performance, making it a stock to watch for those interested in mining.
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