Canadian Undiscovered Gems With Strong Fundamentals

Itafos

Market Cap: CA$427.3m

Operates as a phosphate and specialty fertilizer company.

Mako Mining

Market Cap: CA$318.1m

Operates as a gold mining and exploration company in Nicaragua.

Grown Rogue International

Market Cap: CA$177.3m

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

Corby Spirit and Wine

Market Cap: CA$414.0m

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$203.8m

A publicly owned investment manager.

TWC Enterprises

Market Cap: CA$451.0m

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$319.2m

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

Genesis Land Development

Market Cap: CA$182.8m

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

Total Energy Services

Market Cap: CA$361.1m

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

Yellow Pages

Market Cap: CA$145.8m

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

Pizza Pizza Royalty

Market Cap: CA$453.5m

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

Firm Capital Mortgage Investment

Market Cap: CA$438.6m

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.

Amerigo Resources

Market Cap: CA$314.5m

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

Jaguar Mining

Market Cap: CA$228.4m

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

Santacruz Silver Mining

Market Cap: CA$185.0m

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

ADF Group

Market Cap: CA$206.4m

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

Olympia Financial Group

Market Cap: CA$248.3m

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

Alphamin Resources

Market Cap: CA$626.6m

Engages in the production and sale of tin concentrates.

Thor Explorations

Market Cap: CA$310.6m

Operates as a gold producer and explorer.

Hemisphere Energy

Market Cap: CA$176.7m

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

DIRTT Environmental Solutions

Market Cap: CA$197.2m

Operates as an interior construction company in Canada.

Tornado Infrastructure Equipment

Market Cap: CA$149.9m

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

Exco Technologies

Market Cap: CA$223.3m

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$727.4m

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$1.0b

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

Birchcliff Energy

Market Cap: CA$1.8b

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.

Medical Facilities

Market Cap: CA$366.1m

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

Mandalay Resources

Market Cap: CA$484.6m

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

High Liner Foods

Market Cap: CA$501.2m

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

North West

Market Cap: CA$2.3b

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$934.6m

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.

Silvercorp Metals

Market Cap: CA$1.2b

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

Freehold Royalties

Market Cap: CA$2.1b

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

Alvopetro Energy

Market Cap: CA$187.5m

Operates as an independent upstream and midstream operator.

Orezone Gold

Market Cap: CA$515.6m

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

Enghouse Systems

Market Cap: CA$1.4b

Develops enterprise software solutions worldwide.