Canadian Undiscovered Gems With Strong Fundamentals

Mako Mining

Market Cap: CA$301.1m

Operates as a gold mining and exploration company in Nicaragua.

Corby Spirit and Wine

Market Cap: CA$421.2m

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$169.8m

A publicly owned investment manager.

Petrus Resources

Market Cap: CA$171.2m

Engages in the acquisition, exploration, development, and exploitation of assets in Canada.

Maxim Power

Market Cap: CA$300.0m

An independent power producer, acquires or develops, owns, and operates power and power related projects in Alberta, Canada.

Grown Rogue International

Market Cap: CA$155.6m

A craft cannabis company, focuses on premium flower and flower-derived products.

Genesis Land Development

Market Cap: CA$177.7m

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

TWC Enterprises

Market Cap: CA$434.2m

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

Queen's Road Capital Investment

Market Cap: CA$293.7m

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

Senvest Capital

Market Cap: CA$952.9m

A privately owned hedge fund sponsor.

Pizza Pizza Royalty

Market Cap: CA$442.0m

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

Westshore Terminals Investment

Market Cap: CA$1.5b

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

Total Energy Services

Market Cap: CA$357.1m

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

Amerigo Resources

Market Cap: CA$303.0m

Through its subsidiary, Minera Valle Central S.A., engages in the production and sale of copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile.

Jaguar Mining

Market Cap: CA$204.6m

A junior gold mining company, engages in the acquisition, exploration, development, and operation of gold mineral properties in Brazil.

Firm Capital Mortgage Investment

Market Cap: CA$427.6m

Through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada.

Santacruz Silver Mining

Market Cap: CA$177.9m

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

Dynacor Group

Market Cap: CA$226.2m

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

Olympia Financial Group

Market Cap: CA$240.6m

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

ADF Group

Market Cap: CA$222.4m

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

Alphamin Resources

Market Cap: CA$933.5m

Engages in the production and sale of tin concentrates.

Hemisphere Energy

Market Cap: CA$168.0m

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

DIRTT Environmental Solutions

Market Cap: CA$180.1m

Operates as a interior construction company in Canada.

Exco Technologies

Market Cap: CA$232.5m

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

Altius Minerals

Market Cap: CA$1.1b

Operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil.

Medical Facilities

Market Cap: CA$397.0m

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

Thor Explorations

Market Cap: CA$252.4m

Operates as a gold producer and explorer.

High Liner Foods

Market Cap: CA$474.4m

Processes and markets frozen seafood products in North America.

Standard Lithium

Market Cap: CA$363.8m

Explores for, develops, and processes lithium brine properties in the United States.

Mandalay Resources

Market Cap: CA$450.8m

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

North West

Market Cap: CA$2.2b

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

Guardian Capital Group

Market Cap: CA$947.8m

Through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally.

Freehold Royalties

Market Cap: CA$2.0b

Engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States.

Enghouse Systems

Market Cap: CA$1.4b

Develops enterprise software solutions worldwide.

Winpak

Market Cap: CA$2.3b

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

Andean Precious Metals

Market Cap: CA$229.2m

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