Canadian High Return On Equity, Low Debt

Lundin Gold

Market Cap: CA$16.9b

Operates as a mining company in Canada.

K92 Mining

Market Cap: CA$3.6b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Alphamin Resources

Market Cap: CA$1.2b

Engages in the production and sale of tin concentrate.

Docebo

Market Cap: CA$1.2b

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

D2L

Market Cap: CA$805.8m

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.

Valeura Energy

Market Cap: CA$762.7m

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

ShaMaran Petroleum

Market Cap: CA$674.2m

Engages in the oil and gas exploration and production.

Thor Explorations

Market Cap: CA$509.0m

Operates as a gold producer and explorer.

ADF Group

Market Cap: CA$222.0m

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

Hemisphere Energy

Market Cap: CA$179.4m

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

Pinetree Capital

Market Cap: CA$157.7m

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$154.0m

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

Minsud Resources

Market Cap: CA$96.3m

Explores for mineral resource properties in Argentina.

Westbridge Renewable Energy

Market Cap: CA$73.8m

Engages in the acquisition and development of solar photovoltaic (PV) projects in Canada, the United States, the United Kingdom, and Italy.

BQE Water

Market Cap: CA$69.8m

A water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally.

Planet Ventures

Market Cap: CA$14.3m

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

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$5.8m

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

Argo Gold

Market Cap: CA$5.1m

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

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.

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.

Captor Capital

Market Cap: CA$1.7m

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