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2025 TSX Venture 50® Ranking

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Company NameTicker2024 Share Price Appreciation
1
PNG
Kraken Robotics Inc.
PNG
323%
Kraken Robotics is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Their high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably.
NL
Technology
2
ZDC
Zedcor Inc.
ZDC
503%
3
SEI
Sintana Energy Inc.
SEI
293%
4
PNPN
Power Nickel Inc.
PNPN
365%
5
MAU
Montage Gold Corp.
MAU
193%
6
FDR
Founders Metals Inc.
FDR
196%
7
SBBC
Simply Better Brands Corp.
SBBC
395%
8
NCI
NTG Clarity Networks Inc.
NCI
866%
9
QTWO
Q2 Metals Corp.
QTWO
214%
10
ARTG
Artemis Gold Inc.
ARTG
118%
11
NDA
Neptune Digital Assets Corp.
NDA
168%
12
AE
American Eagle Gold Corp.
AE
165%
13
ATX
ATEX Resources Inc.
ATX
90%
14
HASH
Simply Solventless Concentrates Ltd.
HASH
420%
15
ARIC
Awale Resources Limited
ARIC
204%
16
NICU
Magna Mining Inc.
NICU
143%
17
LMN
Lumine Group Inc.
LMN
38%
18
SPRQ
SPARQ Systems Inc.
SPRQ
944%
19
KRY
Koryx Copper Inc.
KRY
400%
20
PLSR
Pulsar Helium Inc.
PLSR
137%
21
HITI
High Tide Inc.
HITI
108%
22
FNM
First Nordic Metals Corp.
FNM
181%
23
CNO
California Nanotechnologies Corp.
CNO
224%
24
LUCA
Luca Mining Corp.
LUCA
77%
25
HSTR
Heliostar Metals Ltd.
HSTR
118%
26
BFM
Bedford Metals Corp.
BFM
19%
27
DMX
District Metals Corp.
DMX
135%
28
CVV
Canalaska Uranium Ltd.
CVV
81%
29
BRM
Biorem Inc.
BRM
205%
29
FPC
Falco Resources Ltd.
FPC
157%
29
LBC
Libero Copper & Gold Corporation
LBC
110%
32
AAG
Aftermath Silver Ltd.
AAG
63%
33
OGN
Orogen Royalties Inc.
OGN
108%
34
EMO
Emerita Resources Corp.
EMO
107%
34
HMR
Homerun Resources Inc.
HMR
102%
36
LGC
Lavras Gold Corp.
LGC
134%
36
RIO
Rio2 Limited
RIO
59%
38
MMA
Midnight Sun Mining Corp.
MMA
131%
39
HAN
Hannan Metals Ltd.
HAN
278%
39
TGH
Tornado Infrastructure Equipment Ltd.
TGH
120%
41
APM
Andean Precious Metals Corp.
APM
84%
41
BCM
Bear Creek Mining Corporation
BCM
89%
43
COV
Covalon Technologies Ltd.
COV
207%
44
AMK
American Creek Resources Ltd.
AMK
108%
45
NCAU
Newcore Gold Ltd.
NCAU
121%
46
NURS
Hydreight Technologies Inc.
NURS
356%
47
ROOF
Northstar Clean Technologies Inc.
ROOF
225%
48
LQWD
LQWD Technologies Corp.
LQWD
329%
49
NRX
NurExone Biologic Inc.
NRX
110%
50
ABRA
AbraSilver Resource Corp.
ABRA
40%
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Key Stats

207%
Average Share Price Appreciation
333%
Average Market Cap Growth
C$16B+
of Market Cap Creation in 2024
C$144.7M
Average Value Traded
46
Companies Headquartered in Canada
22
Companies Went Public via the CPC Program
* as of December 31, 2024
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About the Program

TSX Venture 50 is a ranking of the 50 top-performing companies on TSX Venture Exchange over the last year. Companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.
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Ranking Methodology

Starting with 1,605 TSX Venture Exchange (TSXV) listed companies as of December 31, 2024.



The following filters were applied:

  • Listed on TSXV (not NEX) on December 31, 2024
  • Market capitalization greater than $5 million on December 31, 2024
  • Closing share price greater than $0.25 on December 31, 2024
  • Closing share price of at least $0.10 on December 31, 2023
  • Listed on TSXV more than one year as of December 31, 2024

This left 354 companies that qualified for the 2025 TSX Venture 50 ranking.



These companies were ranked based on an equally-weighted formula with three criteria:

  1. Share Price: One-year share price change as of December 31, 2024.
  2. Trading: One-year Canadian consolidated trading value as of December 31, 2024.
  3. Market Capitalization: One-year market capitalization change as of December 31, 2024.

Historical share prices have been adjusted for stock consolidations/splits.
All currencies reported in Canadian dollars.
TSXV considered companies’ compliance with Exchange Requirements and exercised discretion when determining qualified candidates.

Source: TSX/TSXV Market Intelligence Group