Canadian Undervalued Small Caps With Insider Buying

DIRTT Environmental Solutions

Market Cap: CA$165.6m

Operates as an interior construction company in Canada.

MCAN Mortgage

Market Cap: CA$816.8m

Operates as a loan and mortgage investment corporation in Canada.

Nexus Industrial REIT

Market Cap: CA$739.7m

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$946.5m

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

Saturn Oil & Gas

Market Cap: CA$464.0m

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

Sagicor Financial

Market Cap: CA$1.1b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

Hemisphere Energy

Market Cap: CA$186.2m

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

Titan Mining

Market Cap: CA$181.4m

A natural resource company, acquires, explores, develops, produces, and extracts mineral properties.

Aris Mining

Market Cap: CA$1.8b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

Aya Gold & Silver

Market Cap: CA$1.8b

Engages in the exploration, evaluation, and development of precious metals projects in Morocco.

Blackline Safety

Market Cap: CA$550.0m

Develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally.

Olympia Financial Group

Market Cap: CA$297.2m

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

Pro Real Estate Investment Trust

Market Cap: CA$389.8m

PROREIT (TSX:PRV.UN) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

Quarterhill

Market Cap: CA$153.1m

Operates in the intelligent transportation systems business in Canada and internationally.

Altius Minerals

Market Cap: CA$1.4b

Engages in the mineral and renewable royalties and project generation businesses in Canada, Brazil, and the United States.

BSR Real Estate Investment Trust

Market Cap: CA$957.0m

An internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

Plaza Retail REIT

Market Cap: CA$455.3m

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.

Docebo

Market Cap: CA$1.2b

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

Heliostar Metals

Market Cap: CA$281.1m

Engages in the identification, acquisition, evaluation, and exploration of mineral properties in North America.

Valeura Energy

Market Cap: CA$969.9m

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

Elemental Altus Royalties

Market Cap: CA$496.4m

Engages in the acquisition and generation of precious metal royalties.

NorthWest Healthcare Properties Real Estate Investment Trust

Market Cap: CA$1.2b

Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe, and Australasia.

Badger Infrastructure Solutions

Market Cap: CA$1.8b

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

Foran Mining

Market Cap: CA$1.4b

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

Dye & Durham

Market Cap: CA$610.5m

Provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom.

STEP Energy Services

Market Cap: CA$328.3m

An energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States.

Obsidian Energy

Market Cap: CA$604.3m

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