Canadian Undervalued Small Caps With Insider Buying

Nexus Industrial REIT

Market Cap: CA$746.1m

Nexus is 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.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$895.7m

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.

Sagicor Financial

Market Cap: CA$1.1b

Provides various financial services provider with over 180 years of history in the Caribbean, Canada, and the United States.

Russel Metals

Market Cap: CA$2.3b

Engages in the distribution of steel and other metal products in Canada and the United States.

MCAN Mortgage

Market Cap: CA$885.0m

Operates as a loan and mortgage investment corporation in Canada.

Coveo Solutions

Market Cap: CA$546.4m

Provides software-as-a-service artificial intelligence (AI) platform in Canada, the United States, and internationally.

New Found Gold

Market Cap: CA$740.3m

A mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.

Labrador Iron Ore Royalty

Market Cap: CA$1.9b

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.

Flagship Communities Real Estate Investment Trust

Market Cap: CA$627.0m

An unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the “Declaration of Trust”) under the laws of the Province of Ontario.

Lassonde Industries

Market Cap: CA$1.5b

Develops, manufactures, and markets a range of ready-to-drink beverages, fruit-based snacks, frozen juice concentrates, and specialty food products in Canada, the United States, and internationally.

Lithium Argentina

Market Cap: CA$1.3b

A resource and materials company, focuses on advancing lithium projects in Argentina.

Killam Apartment REIT

Market Cap: CA$2.1b

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 $5.6 billion portfolio of apartments and manufactured home communities.

Plaza Retail REIT

Market Cap: CA$464.2m

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.

BTB Real Estate Investment Trust

Market Cap: CA$353.2m

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

ADF Group

Market Cap: CA$218.1m

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

Foraco International

Market Cap: CA$216.8m

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

Valeura Energy

Market Cap: CA$778.9m

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

Aecon Group

Market Cap: CA$1.7b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

Tantalus Systems Holding

Market Cap: CA$221.7m

A technology company, provides smart grid solutions in Canada and the United States.

Auxly Cannabis Group

Market Cap: CA$209.0m

Operates as a consumer packaged goods company in the cannabis products market in Canada.

Computer Modelling Group

Market Cap: CA$437.6m

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

Mullen Group

Market Cap: CA$1.3b

Provides a range of trucking and logistics services in Canada and the United States.

Obsidian Energy

Market Cap: CA$573.8m

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

Hammond Power Solutions

Market Cap: CA$2.1b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

Decisive Dividend

Market Cap: CA$144.5m

Through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and fireplaces in Canada, the United States, and internationally.