Canadian Undiscovered Gems With Strong Fundamentals

Itafos

Market Cap: CA$446.3m

Operates as a phosphate and specialty fertilizer company.

Mako Mining

Market Cap: CA$378.2m

Engages in gold mining and exploration activities in Nicaragua.

Dundee

Market Cap: CA$189.6m

A publicly owned investment manager.

Reconnaissance Energy Africa

Market Cap: CA$162.0m

A junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana.

Corby Spirit and Wine

Market Cap: CA$427.1m

Manufactures, markets, and imports spirits, wines, and ready-to-drink cocktails in Canada, the United States, the United Kingdom, and internationally.

TWC Enterprises

Market Cap: CA$418.0m

Owns, operates, and manages golf clubs under the ClubLink One Membership More Golf brand in Canada and the United States.

Genesis Land Development

Market Cap: CA$174.8m

An integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada.

Senvest Capital

Market Cap: CA$779.7m

A privately owned hedge fund sponsor.

Pinetree Capital

Market Cap: CA$177.4m

A venture capital and private equity firm specializing in early, later stage venture, middle market, mature, later stage, turnaround and growth capital investments in micro and small cap companies.

Yellow Pages

Market Cap: CA$153.1m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

Westshore Terminals Investment

Market Cap: CA$1.4b

Operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia.

Total Energy Services

Market Cap: CA$353.1m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Monument Mining

Market Cap: CA$164.4m

Operates as a gold producer, engages in the acquisition, exploration, and development of gold, precious metals, and other base metal properties in Canada, Australia, and Malaysia.

Amerigo Resources

Market Cap: CA$283.9m

Through its subsidiary, Minera Valle Central S.A., produces copper and molybdenum concentrates in Chile.

Sailfish Royalty

Market Cap: CA$142.7m

Engages in the acquisition of precious metals royalty and streaming agreements.

Santacruz Silver Mining

Market Cap: CA$192.2m

Engages in the acquisition, exploration, development, and operation of mineral properties in Latin America.

ADF Group

Market Cap: CA$204.0m

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

Olympia Financial Group

Market Cap: CA$253.4m

Through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada.

Alphamin Resources

Market Cap: CA$1.2b

Engages in the production and sale of tin concentrate.

DIRTT Environmental Solutions

Market Cap: CA$151.7m

Operates as an interior construction company in Canada.

Alvopetro Energy

Market Cap: CA$193.7m

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

Guardian Capital Group

Market Cap: CA$953.0m

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

Hemisphere Energy

Market Cap: CA$164.5m

Acquires, explores, develops, and produces petroleum and natural gas interests in Canada.

Aris Mining

Market Cap: CA$1.4b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

Magellan Aerospace

Market Cap: CA$842.2m

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

Cardinal Energy

Market Cap: CA$925.1m

Engages in the acquisition, exploration, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada.

Medical Facilities

Market Cap: CA$294.9m

Through its subsidiaries, owns and operates specialty surgical hospitals and ambulatory surgery center in the United States.

Mandalay Resources

Market Cap: CA$494.1m

Engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Australia, Sweden, Chile, and Canada.

Thor Explorations

Market Cap: CA$412.5m

Operates as a gold producer and explorer.

High Liner Foods

Market Cap: CA$489.2m

Processes and markets prepared and packaged frozen seafood products in North America.

North West

Market Cap: CA$2.7b

Through its subsidiaries, engages in the retail of food and everyday products and services in northern Canada, rural Alaska, the South Pacific, and the Caribbean.

Silvercorp Metals

Market Cap: CA$1.1b

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

Tornado Infrastructure Equipment

Market Cap: CA$204.3m

Through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks in North America and China.

Freehold Royalties

Market Cap: CA$1.9b

Acquires and manages royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Canada and the United States.

Enghouse Systems

Market Cap: CA$1.4b

Develops enterprise software solutions worldwide.

Andean Precious Metals

Market Cap: CA$289.5m

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.