Three TSX penny stocks with market caps over CA$30M are catching the attention of investors. These stocks may be considered higher risk due to their penny stock status, but they also have the potential for significant returns.
The first stock to watch is Company A, with a market cap of CA$40M. Company A operates in the technology sector and has been showing strong growth potential in recent months. Investors are keeping a close eye on this stock as it continues to gain momentum.
The second stock on the list is Company B, with a market cap of CA$35M. Company B is a biotech company that has been making waves in the healthcare industry. With promising developments in its pipeline, investors are optimistic about the future prospects of this stock.
Lastly, Company C rounds out the list with a market cap of CA$32M. Company C is a mining company that has been attracting attention due to its strategic acquisitions and exploration projects. Investors are hopeful that Company C will continue to deliver positive results in the coming months.
While these TSX penny stocks may come with higher risks, they also offer the potential for significant rewards for investors willing to take a chance. Keep an eye on these stocks as they continue to make waves in the market.