Undiscovered Gems In Canada Featuring 3 Promising Small Caps

In This Article:

As the Canadian market navigates a landscape influenced by global economic resilience and cautious monetary policy adjustments, small-cap stocks present intriguing opportunities for investors seeking growth potential. In this environment, identifying promising small caps involves looking for companies with strong fundamentals and the ability to adapt to shifting economic conditions.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Reconnaissance Energy Africa

NA

15.28%

7.58%

★★★★★★

Grown Rogue International

24.92%

43.35%

67.95%

★★★★★☆

Maxim Power

25.01%

12.79%

17.14%

★★★★★☆

Mako Mining

22.90%

38.12%

54.79%

★★★★★☆

Corby Spirit and Wine

65.79%

7.46%

-5.77%

★★★★☆☆

Petrus Resources

19.44%

17.20%

46.03%

★★★★☆☆

Queen's Road Capital Investment

7.20%

22.14%

22.20%

★★★★☆☆

DIRTT Environmental Solutions

58.73%

-5.34%

-5.43%

★★★★☆☆

Dundee

3.76%

-37.57%

44.66%

★★★★☆☆

Tethys Petroleum

NA

29.98%

44.48%

★★★★☆☆

Click here to see the full list of 48 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Underneath we present a selection of stocks filtered out by our screen.

DeFi Technologies

Simply Wall St Value Rating: ★★★★☆☆

Overview: DeFi Technologies Inc. is a technology company that develops and lists exchange traded products in Canada, Bermuda, and the Cayman Islands, with a market cap of CA$914.47 million.

Operations: DeFi Technologies generates revenue primarily through the development and listing of exchange-traded products. The company's financial performance is influenced by its market cap, which stands at CA$914.47 million.

DeFi Technologies, a nimble player in the Canadian market, has shown impressive growth with its recent profitability and earnings forecast to grow 4.72% annually. The company's price-to-earnings ratio of 9x suggests it offers good value compared to the broader Canadian market at 14.5x. Despite its volatile share price over the past three months, DeFi's interest payments are well covered by EBIT at a robust 19.8x coverage ratio. Recent expansions into CoreFi Strategy Corp and SolFi Technologies highlight strategic moves into high-growth areas like BTCfi and Solana ecosystems, potentially boosting future revenue streams significantly beyond current figures.

NEOE:DEFI Debt to Equity as at Nov 2024
NEOE:DEFI Debt to Equity as at Nov 2024

Senvest Capital

Simply Wall St Value Rating: ★★★★☆☆

Overview: Senvest Capital Inc. is a company that, through its subsidiaries, invests in equity and real estate holdings both in the United States and internationally, with a market capitalization of approximately CA$794.93 million.