Canadian Undervalued Small Caps

Source Energy Services

Market Cap: CA$222.9m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Cannara Biotech

Market Cap: CA$180.8m

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

Propel Holdings

Market Cap: CA$832.1m

Operates as a financial technology company.

Bird Construction

Market Cap: CA$1.8b

Provides construction services in Canada.

Hammond Power Solutions

Market Cap: CA$2.2b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Docebo

Market Cap: CA$748.5m

Develops and provides learning management platform for training in Canada, the United States, and internationally.

Pollard Banknote

Market Cap: CA$512.9m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Hemlo Mining

Market Cap: CA$2.1b

Operates as a gold production company.

Alvopetro Energy

Market Cap: CA$301.9m

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

Magellan Aerospace

Market Cap: CA$1.4b

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

Foraco International

Market Cap: CA$305.4m

Provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.

Magna Mining

Market Cap: CA$677.2m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

ADF Group

Market Cap: CA$283.5m

Engages in the design and engineering of connections including industrial coatings in Canada and the United States.

Kits Eyecare

Market Cap: CA$508.5m

Operates a digital eyecare platform in the United States and Canada.

Badger Infrastructure Solutions

Market Cap: CA$2.4b

Provides non-destructive excavating and related services to utilities, industrial, construction, transportation, and other industries in Canada and the United States.

Blue Ant Media

Market Cap: CA$177.6m

Engages in streamer, production studio, and rights management businesses in Canada, the United States, the United Kingdom, and internationally.