Canadian Undervalued Small Caps

Martinrea International

Market Cap: CA$729.6m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.

Parex Resources

Market Cap: CA$2.5b

Engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.

Logan Energy

Market Cap: CA$629.3m

Engages in the exploration, development, and production of crude oil and natural gas properties.

Dexterra Group

Market Cap: CA$803.9m

Engages in the provision of support services for the creation, management, and operation of infrastructure in Canada.

Calfrac Well Services

Market Cap: CA$677.8m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Propel Holdings

Market Cap: CA$863.2m

Operates as a financial technology company.

Alvopetro Energy

Market Cap: CA$331.6m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Cannara Biotech

Market Cap: CA$164.0m

Engages in the indoor cultivation, processing, and sale of cannabis and cannabis-derivative products in Canada.

Pason Systems

Market Cap: CA$1.1b

Provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally.

Dynacor Group

Market Cap: CA$264.7m

Engages in the exploration, development, and mining of minerals properties in Peru.

Heliostar Metals

Market Cap: CA$466.1m

Engages in gold and silver exploration and mining activities in the United States and Mexico.

Pollard Banknote

Market Cap: CA$433.6m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

GoGold Resources

Market Cap: CA$1.3b

Engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral.

Galiano Gold

Market Cap: CA$700.1m

Operates as a gold mining company.

Orezone Gold

Market Cap: CA$1.4b

Engages in the mining, exploration, and development of gold properties.

D2L

Market Cap: CA$553.2m

Provides cloud-based learning software for higher education institutions, kindergarten to grade 12 schools and districts, and private sector enterprises in Canada, the United States, and internationally.

Hydreight Technologies

Market Cap: CA$212.5m

Operates in the digital health technology sector in the United States.

Alaris Equity Partners Income Trust

Market Cap: CA$1.1b

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.