Undiscovered Gems In Canada Featuring 3 Promising Small Cap Stocks

Nov 26, 2024
undiscovered-gems-in-canada-featuring-3-promising-small-cap-stocks

The Canadian market is currently navigating a period of economic resilience, with the Bank of Canada gradually reducing rates as inflation eases, providing a more favorable environment for small-cap stocks. In this landscape, identifying promising small-cap stocks involves looking for companies that can capitalize on these conditions by demonstrating strong fundamentals and potential for growth despite broader market uncertainties.

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Reconnaissance Energy Africa

NA

9.16%

15.11%

★★★★★★

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%

-5.76%

★★★★☆☆

Petrus Resources

19.44%

17.20%

46.03%

★★★★☆☆

Queen’s Road Capital Investment

12.65%

16.00%

17.29%

★★★★☆☆

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.

We’ll examine a selection from our screener results.

Simply Wall St Value Rating: ★★★★★★

Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets worldwide with a market cap of approximately CA$916.94 million.

Operations: The primary revenue stream for Evertz Technologies comes from the Television Broadcast Equipment Market, generating approximately CA$500.44 million.

Evertz Technologies, a nimble player in the tech space, is currently trading at a notable 37.1% below its estimated fair value, suggesting potential for upside. Despite facing a challenging year with earnings dipping by 2.3%, it remains debt-free and boasts high-quality past earnings. The company reported first-quarter sales of C$111.64 million, down from C$125.82 million the previous year, while net income was C$9.67 million compared to C$15.59 million last year. Recently, Evertz repurchased 57,510 shares for approximately C$0.75 million and appointed Don Carson as director at its AGM on October 2, 2024.

TSX:ET Debt to Equity as at Nov 2024

TSX:ET Debt to Equity as at Nov 2024

Simply Wall St Value Rating: ★★★★★★

Overview: Real Matters Inc. is a technology and network management company operating in Canada and the United States with a market capitalization of CA$498.09 million.

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