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Best cheap stocks to buy now

Looking to buy low and sell high? Keep an eye on these cheap Canadian and US stocks.

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Here are the best cheap stocks to buy now in Canada and the US. These stocks are starting points for your own research and should not be taken as advice to buy any particular stock.

Finder’s list of the best cheap stocks is based on the results of our proprietary ranking system.

This list and data was compiled October 7, 2021. The algorithm was last updated 27 January 2021.

What you should know before buying cheap stocks

There’s no single winning strategy to finding what experts might call the best-performing cheap stocks in Canada and the US, because the most important considerations are your own goals and circumstances. But that shouldn’t discourage you from doing your homework and investing.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.

The information provided here is general in nature. It is not personal financial advice, and your personal objectives, financial situation and needs have not been taken into consideration. The best cheap stocks listed on this page may not be the best investments for you. So you should do your own research, and speak with an investment professional if in doubt.

What are penny stocks?

Penny stocks are low-priced stocks of small companies that have usually just gone public. While there is no universally agreed upon definition for penny stocks, many investment professionals agree that these stocks cost no more than $5 and are issued by companies with a market capitalization of no more than $300 million.

Some penny stocks trade on major exchanges like the TSX or NYSE, but many trade on OTC Markets.

If you’re looking for a low-cost investment opportunity, penny stocks may seem like an attractive option. But keep in mind that cheap stocks may not only represent small or new companies.

Cheap stocks may also represent companies that pose a high risk to investors. As with any investment, you could earn a profit on your investment—or you could lose your money. Learn more in our guide to investing in penny stocks.

Best cheap stocks to buy now in Canada

Belo Sun Mining logo

1. Belo Sun Mining Corp (TSX: BSX)

Formerly known as Verena Minerals Corporation, Belo Sun Mining Corp. is a gold exploration and development company in Brazil. Its flagship property, the Volta Grande Gold project, consists of 4 mining concession applications, 58 exploration permits and 16 exploration permits.

  • Market cap: C$225.252 million
  • YTD performance: -47.42%
  • 1 year performance: -51.43%
  • 5 year performance: 182.36%
  • Headquarters: Canada
Buy BSX on Scotia iTRADE

Wallbridge Mining Company Limited logo

2. Wallbridge Mining Company Limited (TSX: WM)

Wallbridge Mining Company Limited engages in the acquisition, discovery, development, and production of metals. The company primarily explores for gold, copper, and nickel deposits, as well as platinum group metals.

  • Market cap: C$463.801 million
  • YTD performance: -30.77%
  • 1 year performance: -44.90%
  • 5 year performance: 136%
  • Headquarters: Canada
Buy WM on Scotia iTRADE

Excelsior Mining Corp logo

3. Excelsior Mining Corp (TSX: MIN)

Excelsior Mining Corp. acquires, explores and develops copper mineral properties in the United States and Canada.

  • Market cap: C$133.144 million
  • YTD performance: -56.70%
  • 1 year performance: -27.61%
  • 5 year performance: 213%
  • Headquarters: Canada
Buy MIN on Scotia iTRADE

Lucara Diamond Corp logo

4. Lucara Diamond Corp (TSX: LUC)

Lucara Diamond Corp. is a diamond mining company that develops and operates diamond properties in Africa.

  • Market cap: C$294.473 million
  • YTD performance: 23.08%
  • 1 year performance: 28.00%
  • 5 year performance: 169%
  • Headquarters: Canada
Buy LUC on Scotia iTRADE

Gold Standard Ventures Corp logo

5. Gold Standard Ventures Corp (TSX: GSV)

Gold Standard Ventures Corp. is an exploration stage company that develops district-scale and other gold-bearing mineral resource properties in Nevada (United States).

  • Market cap: C$204.043 million
  • YTD performance: -37.36%
  • 1 year performance: -43.00%
  • 5 year performance: 77%
  • Headquarters: Canada
Buy GSV on Scotia iTRADE

Neptune Wellness Solutions logo

6. Neptune Wellness Solutions Inc (TSX: NEPT)

Neptune Wellness Solutions Inc. operates as an integrated health and wellness company.

  • Market cap: C$123.71 million
  • YTD performance: -63.64%
  • 1 year performance: -77.71%
  • 5 year performance: 190%
  • Headquarters: Canada
Buy NEPT on Scotia iTRADE

Fission Uranium Corp logo

7. Fission Uranium Corp (TSX: FCU)

Fission Uranium Corp. acquires, explores and develops uranium resource properties in Canada.

  • Market cap: C$588.162 million
  • YTD performance: 112.99%
  • 1 year performance: 164.52%
  • 5 year performance: 750%
  • Headquarters: Canada
Buy FCU on Scotia iTRADE

Almonty Industries logo

8. Almonty Industries Inc (TSX: AII)

Almonty Industries Inc. mines, processes and ships tungsten concentrate from its mines in Spain, Portugal and South Korea.

  • Market cap: C$169.358 million
  • YTD performance: 37.50%
  • 1 year performance: 17.33%
  • 5 year performance: 351.29%
  • Headquarters: Canada
Buy AII on Scotia iTRADE

Americas Gold and Silver Corporation logo

9. Americas Gold and Silver Corporation (TSX: USA)

Americas Gold and Silver Corporation acquires, explores, develops and operates mineral properties in North America. It explores for silver, lead, zinc, copper, and gold deposits.

  • Market cap: C$126.157 million
  • YTD performance: -76.72%
  • 1 year performance: -73.83%
  • 5 year performance: 300%
  • Headquarters: Canada
Buy USA on Scotia iTRADE

Athabasca Oil Corporation logo

10. Athabasca Oil Corporation (TSX: ATH)

Athabasca Oil Corporation engages explores, develops and produces light and thermal oil resource plays in Alberta, Canada.

  • Market cap: C$498.835 million
  • YTD performance: 470.59%
  • 1 year performance: 618.52%
  • 5 year performance: 880%
  • Headquarters: Canada
Buy ATH on Scotia iTRADE

Best cheap US stocks to buy now

IRSA Propiedades Comerciales S.A. logo

1. IRSA Propiedades Comerciales S.A. (NasdaqGS: IRCP)

IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A, a real estate development firm in Argentina.

  • Market cap: C$338.276 million
  • YTD performance: 10.54%
  • 1 year performance: 29.12%
  • 5 year performance: 345.5%
  • Headquarters: Argentina
Buy IRCP on Scotia iTRADE

Ambev S.A. logo

2. Ambev S.A. (NYSE: ABEV)

Ambev S.A. produces, distributes and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt and food products in the Americas. It operates through three segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.

  • Market cap: C$44.136 billion
  • YTD performance: -10.46%
  • 1 year performance: 10.93%
  • 5 year performance: 69.55%
  • Headquarters: Brazil
Buy ABEV on Scotia iTRADE

Mizuho Financial Group logo

3. Mizuho Financial Group, Inc. (NYSE: MFG)

Mizuho Financial Group, Inc. is a financial services company that services Japan, the Americas, Europe, Asia/Oceania and other international markets. It operates through 5 segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company and Asset Management Company.

  • Market cap: C$35.495 billion
  • YTD performance: 10.20%
  • 1 year performance: 11.95%
  • 5 year performance: 38.24%
  • Headquarters: Japan
Buy MFG on Scotia iTRADE

Banco Bradesco S.A. logo

4. Banco Bradesco S.A (NYSE: BBDO)

Banco Bradesco S.A. provides various banking products and services to individuals, corporates and businesses in Brazil and internationally. The company operates through Banking and Insurance segments.

  • Market cap: C$34.222 billion
  • YTD performance: -16.96%
  • 1 year performance: 13.59%
  • 5 year performance: 27.7%
  • Headquarters: Brazil
Buy BBDO on Scotia iTRADE

Santander logo

5. Banco Santander S.A (NYSE: SAN)

Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through Banking and Insurance segments.

  • Market cap: C$63.191 billion
  • YTD performance: 27.21%
  • 1 year performance: 103.46%
  • 5 year performance: 106.12%
  • Headquarters: Brazil
Buy SAN on Scotia iTRADE

Banco Bradesco S.A. logo

6. Banco Bradesco S.A. (NYSE: BBD)

Banco Bradesco S.A. provides various banking products and services to individuals, corporates and businesses in Brazil and internationally. The company operates through Banking and Insurance segments.

  • Market cap: C$36.926 billion
  • YTD performance: -20.32%
  • 1 year performance: 11.76%
  • 5 year performance: 119%
  • Headquarters: Brazil
Buy BBD on Scotia iTRADE

Itau Unibanco Holding logo

7. Itaú Unibanco Holding S.A (NYSE: ITUB)

Itaú Unibanco Holding S.A. provides a range of financial products and services in Brazil and internationally. The company operates through 3 segments: Retail Banking, Wholesale Banking and Activities with the Market + Corporation.

  • Market cap: C$43.423 billion
  • YTD performance: -13.89%
  • 1 year performance: 23.39%
  • 5 year performance: 66.05%
  • Headquarters: Brazil
Buy ITUB on Scotia iTRADE

Telefonica S.A. logo

8. Telefónica S.A (NYSE: TEF)

Telefónica, S.A. provides telecommunications services in Europe and Latin America. The company’s mobile and related services and products include mobile voice, value added, mobile data, Internet, wholesale, corporate, roaming, fixed wireless, trunking and paging services.

  • Market cap: C$26.33 billion
  • YTD performance: 15.35%
  • 1 year performance: 28.02%
  • 5 year performance: 42.95%
  • Headquarters: Spain
Buy TEF on Scotia iTRADE

Nomura Holdings logo

9. Nomura Holdings Inc (NYSE: NMR)

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments and governmental agencies worldwide. It operates through 3 segments: Retail, Asset Management and Wholesale.

  • Market cap: C$15.129 billion
  • YTD performance: -8.82%
  • 1 year performance: 4.97%
  • 5 year performance: 61.12%
  • Headquarters: Japan
Buy NMR on Scotia iTRADE

Aegon N.V. logo

10. Aegon N.V (NYSE: AEG)

Aegon N.V. provides a range of financial services in the Americas, Europe and Asia. Its offerings include insurance products, savings products, retirement savings vehicles, residential mortgages, digital banking services and investment management solutions for retail and institutional investors.

  • Market cap: C$10.697 billion
  • YTD performance: 32.41%
  • 1 year performance: 82.87%
  • 5 year performance: 130.56%
  • Headquarters: Netherlands
Buy AEG on Scotia iTRADE

Compare stock trading platforms

Check out popular stock trading platforms below, or check out our more detailed comparison of the best trading platforms in Canada to learn more.

Name Product Available Asset Types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
FREE TRADES
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get 2 free stocks when you open a Wealthsimple Trade personal account and deposit and trade at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
BMO InvestorLine
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$9.95
$9.95 + $1.25 per options contract
$0 if conditions met, otherwise $25/quarter
$0 - $9.95
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.
An easy-to-use online trading platform with access to research, tools, and the option to access InvestorLine adviceDirect for additional professional support.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
OFFER
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
OFFER
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Get up to 50 free trades. Be one of the first 100 new Qtrade clients to use the promo code 50FREETRADES and deposit a minimum of $10,000 (or top up to $15,000 to get $150 transfer fees waived). Valid until December 31, 2021.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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