Best Penny Stocks this February 2026 in Canada

Cannara Biotech, known for its solid financials and low-risk profile, is an appealing choice for investors interested in the cannabis sector. Recently achieving profitability, the firm has shown impressive returns with an 86.46% increase over the past year and 62.73% over the last five years. With positive stock forecasts indicated by moving averages, Cannara presents a strong investment opportunity.

Cannara Biotech has recently become profitable, earning 16% on its capital after previously generating losses.

Cannara Biotech's stock shows positive signals from both short and long-term Moving Averages, indicating a favorable outlook.

Westbridge Renewable Energy, recognized as a promising penny stock on the TSX with a market cap of around CA$55M, offers a noteworthy dividend yield of 6.49%. Despite a challenging year that saw a -39.63% return, the stock has shown resilience with a remarkable 175% return over the last five years, suggesting potential for recovery. Given the mixed signals, it’s currently viewed as a hold, providing investors a chance to evaluate its turnaround prospects.

Westbridge Renewable Energy Corp. shows several negative signals, suggesting it should be a sell. However, it may also be considered a hold or accumulate while awaiting further developments.

Hemisphere Energy, a well-regarded energy company with a market cap of CA$184 million, emphasizes oil production and presents a balanced risk-reward profile for investors. With a robust dividend yield of 7.62% and an impressive five-year return of 785.11%, it's becoming increasingly attractive, bolstered by strong buy signals from both short and long-term moving averages. Analysts rate it highly, reflecting confidence in its potential for continued growth.

Hemisphere Energy Corporation (HME) has buy signals from both short and long-term moving averages, suggesting a positive outlook for the stock.

Analysts project an average 12-month price target of $2.91 for Hemisphere Energy Corporation, with estimates ranging from a low of $2.40 to a high of $3.42.

Hemisphere Energy offers a dividend yield of 7.73%, which is well supported by its earnings.

Zoomd Technologies, a technology company specializing in marketing solutions, is recognized for its strong performance, boasting a market cap of CA$130M. Investors have seen impressive gains, with a 1-year return of 37.65% and a remarkable 5-year return of 203.90%. Given its high rewards score and analyst rating of A, Zoomd presents itself as an attractive option for those seeking growth in the tech sector.

ZOMD has delivered a 76.3% total return over the past year and an impressive 729.4% over the last three years, making it an attractive option for long-term investors.

The stock is projected to decline by 55.11% over the next three months, with a 90% probability of trading between $0.312 and $0.533 at that time.

Analysts have given ZOMD an average rating of 2.2, indicating an 'Outperform' status based on consensus from 48 brokerage firms.