13 Best Canadian Penny Stocks to Invest in Now

10. Endeavour Silver Corp. (NYSE:EXK)

Closing Stock Price as of April 17^th: $3.78

Number of Hedge Fund Holders: 19

​Endeavour Silver Corp. (NYSE:EXK) is a producer of precious metals, primarily focused on gold and silver. The company’s main assets are two underground mines in Mexico, as well as a new third large project under development in Jalisco. EXK ranked fifth on our recent list of 10 Best Gold Penny Stocks to Buy Now.

Endeavour Silver Corp. (NYSE:EXK) achieved production of 7.6 million ounces of silver equivalent in 2024, reaching the higher end of revised guidance despite operational challenges. The company reported total revenue of $218 million, up 6% from 2023, with mine operating earnings of $42 million and mine operating cash flow of $72 million. The company maintained a strong financial position with $106 million in cash and $79 million in working capital as of 2024-end, bolstered by a $73 million bought deal financing.

Endeavour Silver Corp. (NYSE:EXK) is advancing two significant growth projects – Terronera and Pitarrilla. Terronera construction reached 89% completion by year-end 2024, with commissioning expected in Q2 2025, representing a transformative milestone for the company. Pitarrilla, one of the largest undeveloped silver deposits globally with nearly 600 million ounces of silver, has been allocated a $26 million budget for exploration and development, with an economic assessment targeted for Q1 2026. We believe the significant progress made on its key projects positions EXK well for the foreseeable future, making it one of the best Canadian penny stocks to buy.