Canadian High Return On Equity, Low Debt

Lundin Gold

Market Cap: CA$11.8b

Operates as a mining company in Canada.

Docebo

Market Cap: CA$1.3b

Develops and provides a learning management platform for training in North America and internationally.

Valeura Energy

Market Cap: CA$723.4m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

D2L

Market Cap: CA$667.2m

Provides cloud-based learning software for higher education institutions, kindergarten to grade 12 schools and districts, and private sector enterprises in Canada, the United States, and internationally.

Computer Modelling Group

Market Cap: CA$591.8m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

ShaMaran Petroleum

Market Cap: CA$543.7m

Engages in the oil and gas exploration and production.

Medical Facilities

Market Cap: CA$354.9m

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

DIRTT Environmental Solutions

Market Cap: CA$189.6m

Operates as an interior construction company in Canada.

Foraco International

Market Cap: CA$187.5m

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

Steppe Gold

Market Cap: CA$187.1m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

Hemisphere Energy

Market Cap: CA$167.3m

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

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.

Reconnaissance Energy Africa

Market Cap: CA$138.1m

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

Yellow Pages

Market Cap: CA$137.9m

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

Tornado Infrastructure Equipment

Market Cap: CA$137.6m

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

Minsud Resources

Market Cap: CA$122.1m

Explores for mineral resource properties.

Mustang Energy

Market Cap: CA$17.0m

Engages in the exploration of uranium deposits in the Athabasca Basin in North Saskatchewan.

Eagle Plains Resources

Market Cap: CA$13.8m

A junior resource company, acquires, explores for, and develops mineral resource properties in Western Canada.

Emergia

Market Cap: CA$10.2m

Emergia Inc., together with its subsidiaries, engages in the acquisition, development, and management of multi-purpose real estate properties in Canada.

Skycap Investment Holdings

Market Cap: CA$8.2m

A investment issuer, identifies and invests in high-growth sectors.

Planet Ventures

Market Cap: CA$6.1m

Planet Ventures, Inc.is a venture capital firm specializing in early stage investments.

Green Shift Commodities

Market Cap: CA$4.8m

An exploration company, focuses on the exploration and development of uranium and related minerals in South America and Ontario.

McChip Resources

Market Cap: CA$4.5m

Operates in the natural resource industry in Canada.

East West Petroleum

Market Cap: CA$3.6m

A junior oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in Canada, New Zealand, and Romania.

Captor Capital

Market Cap: CA$2.0m

Engages in the retail sale of cannabis products in the United States.

CDN Maverick Capital

Market Cap: CA$2.0m

Engages in the acquisition, exploration, and development of mineral properties in North and South America.

Zimtu Capital

Market Cap: CA$1.9m

A private equity and venture capital firm specializing in seed stage, early stage, acquisition, pre-IPO investments in private micro and small-cap resource companies.