As we head into the second half of 2025, Canada's market is closely watching developments in trade negotiations, particularly between the U.S. and China, which could have significant implications for economic growth and inflation. In this context, investors may find opportunities in penny stocks—an investment area that still holds relevance despite its somewhat outdated terminology. These smaller or newer companies can offer a mix of affordability and growth potential when built on solid financials, presenting a chance to uncover hidden value amidst broader market uncertainties.

Click here to see the full list of 882 stocks from our TSX Penny Stocks screener.

Let's review some notable picks from our screened stocks.

★★★★☆☆

Aston Bay Holdings Ltd. is engaged in acquiring and exploring resource properties in the United States and Canada, with a market cap of CA$20.24 million.

Currently, there are no reported revenue segments for the company.

CA$20.24M

Aston Bay Holdings is a pre-revenue exploration company with a market cap of CA$20.24 million, focusing on resource properties in North America. Recent developments include the commencement of drilling at the Storm Copper Project in Nunavut, where Aston Bay holds a 20% interest in partnership with American West Metals. The project targets high-grade copper mineralization, with promising drill results indicating potential for significant resource expansion. Despite its debt-free status and experienced board, Aston Bay faces challenges such as limited cash runway and high share price volatility, common traits among early-stage exploration ventures lacking consistent revenue streams.

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