Canadian Undiscovered Gems With Strong Fundamentals

Itafos

Market Cap: CA$390.7m

Operates as a phosphate and specialty fertilizer company.

Mako Mining

Market Cap: CA$350.5m

Operates as a gold mining and exploration company in Nicaragua.

Corby Spirit and Wine

Market Cap: CA$412.3m

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

Dundee

Market Cap: CA$185.1m

A publicly owned investment manager.

Genesis Land Development

Market Cap: CA$173.7m

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

Queen's Road Capital Investment

Market Cap: CA$286.9m

A resource focused investment company, invests in privately held and publicly traded resource companies.

TWC Enterprises

Market Cap: CA$422.9m

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

Senvest Capital

Market Cap: CA$767.5m

A privately owned hedge fund sponsor.

Pinetree Capital

Market Cap: CA$147.5m

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.

Total Energy Services

Market Cap: CA$344.0m

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

Pizza Pizza Royalty

Market Cap: CA$447.6m

Through its subsidiary, Pizza Pizza Royalty Limited Partnership, franchises and operates quick-service restaurants under the Pizza Pizza and Pizza 73 brands in Canada.

Amerigo Resources

Market Cap: CA$280.7m

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

Santacruz Silver Mining

Market Cap: CA$181.5m

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

Olympia Financial Group

Market Cap: CA$252.7m

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

ADF Group

Market Cap: CA$152.3m

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

Alphamin Resources

Market Cap: CA$1.0b

Engages in the production and sale of tin concentrates.

DIRTT Environmental Solutions

Market Cap: CA$189.6m

Operates as an interior construction company in Canada.

Hemisphere Energy

Market Cap: CA$167.3m

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

Silvercorp Metals

Market Cap: CA$1.1b

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

Alvopetro Energy

Market Cap: CA$168.2m

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

Exco Technologies

Market Cap: CA$213.1m

Designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries.

Magellan Aerospace

Market Cap: CA$673.7m

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$832.4m

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$354.9m

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

High Liner Foods

Market Cap: CA$491.7m

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

Mandalay Resources

Market Cap: CA$461.1m

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

Thor Explorations

Market Cap: CA$365.4m

Operates as a gold producer and explorer.

North West

Market Cap: CA$2.5b

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.

Guardian Capital Group

Market Cap: CA$896.3m

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

Freehold Royalties

Market Cap: CA$1.8b

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$1.3b

Develops enterprise software solutions worldwide.

Orezone Gold

Market Cap: CA$562.0m

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

Winpak

Market Cap: CA$2.5b

Manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico.

Birchcliff Energy

Market Cap: CA$1.5b

An intermediate oil and natural gas company, engages in the exploration, development, and production of natural gas, light oil, condensate, and other natural gas liquids in Western Canada.

Evertz Technologies

Market Cap: CA$788.3m

Engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally.