Canadian Undervalued Small Caps

Martinrea International

Market Cap: CA$673.9m

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.

Dexterra Group

Market Cap: CA$757.7m

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

Source Energy Services

Market Cap: CA$191.2m

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$190.6m

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

Alvopetro Energy

Market Cap: CA$325.8m

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

Propel Holdings

Market Cap: CA$788.8m

Operates as a financial technology company.

Parex Resources

Market Cap: CA$2.5b

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

ADF Group

Market Cap: CA$317.2m

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

Dynacor Group

Market Cap: CA$253.3m

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

Docebo

Market Cap: CA$585.6m

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

Pollard Banknote

Market Cap: CA$484.5m

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

Hemlo Mining

Market Cap: CA$1.8b

Operates as a gold production company.

Trican Well Service

Market Cap: CA$1.5b

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Calfrac Well Services

Market Cap: CA$613.2m

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

Alaris Equity Partners Income Trust

Market Cap: CA$1.0b

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

Foraco International

Market Cap: CA$263.7m

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

Kits Eyecare

Market Cap: CA$502.7m

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