Canadian Undervalued Small Caps With Insider Buying

Westshore Terminals Investment

Market Cap: CA$1.4b

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

Nexus Industrial REIT

Market Cap: CA$657.7m

A growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Propel Holdings

Market Cap: CA$1.3b

Operates as a financial technology company.

Savaria

Market Cap: CA$1.4b

Provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally.

Calfrac Well Services

Market Cap: CA$294.6m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Saturn Oil & Gas

Market Cap: CA$332.8m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Paramount Resources

Market Cap: CA$2.4b

An energy company, explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada.

Surge Energy

Market Cap: CA$495.6m

Explores, develops, and produces oil and gas in western Canada.

Winpak

Market Cap: CA$2.6b

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

Atrium Mortgage Investment

Market Cap: CA$517.7m

Provides financing solutions to the commercial real estate and development communities in Canada.

Labrador Iron Ore Royalty

Market Cap: CA$1.8b

Through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada that produces and processes iron ores in Canada.

Doman Building Materials Group

Market Cap: CA$707.4m

Through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada.

Killam Apartment REIT

Market Cap: CA$2.2b

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.3 billion portfolio of apartments and manufactured home communities.

Plaza Retail REIT

Market Cap: CA$420.6m

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.

Pulse Seismic

Market Cap: CA$131.5m

Acquires, markets, and licenses two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Canada.

Clairvest Group

Market Cap: CA$1.0b

A private equity firm specializing in mid-market, growth equity investments, growth capital, buyouts, and consolidating industries and add-on acquisitions.

Firm Capital Property Trust

Market Cap: CA$222.7m

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income.

BTB Real Estate Investment Trust

Market Cap: CA$307.8m

BTB is a real estate investment trust listed on the Toronto Stock Exchange.

Tamarack Valley Energy

Market Cap: CA$2.0b

Engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin.

Chemtrade Logistics Income Fund

Market Cap: CA$1.1b

Offers industrial chemicals and services in Canada, the United States, and South America.

Lithium Royalty

Market Cap: CA$301.7m

Operates as a lithium-focused royalty company in Canada, the United States, Australia, Argentina, Brazil, and South America.

NorthWest Healthcare Properties Real Estate Investment Trust

Market Cap: CA$1.2b

Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (Northwest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.

Badger Infrastructure Solutions

Market Cap: CA$1.4b

Provides non-destructive excavating and related services in Canada and the United States.

Evertz Technologies

Market Cap: CA$872.9m

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.

Obsidian Energy

Market Cap: CA$469.4m

Engages in the exploration, development, and production of oil and natural gas properties in Western Canada.

Kits Eyecare

Market Cap: CA$371.0m

Operates a digital eyecare platform in the United States and Canada.

VersaBank

Market Cap: CA$503.1m

Provides various banking products and services in Canada and the United States.