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S&P/TSX SmallCap
Components

Top S&P/TSX SmallCap Companies by Market Cap and Stocks in 2025

This is the list of the largest public listed companies in the S&P/TSX SmallCap index ranked by market capitalization, together with links to their reference stock, sector and industry.

S&P/TSX SmallCap Chart & Analysis

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of Jan. 1, 2025

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Ranking Company Stock Market Cap (USD) Country Sector Industry
151 Ur-Energy Inc. URE wb_incandescent $458.8 M United States US Energy US Uranium
152 Timbercreek Financial Corp. TF wb_incandescent $445.0 M Canada Canadian Financials Canadian Mortgage Finance
153 Chorus Aviation Inc. CHR wb_incandescent $439.8 M Canada Canadian Industrials Canadian Airlines
154 Frontera Energy Corporation FEC wb_incandescent $437.0 M Canada Canadian Energy Canadian Oil & Gas E&P
155 Obsidian Energy Ltd. OBE wb_incandescent $416.8 M Canada Canadian Energy Canadian Oil & Gas E&P
156 Black Diamond Group Limited BDI wb_incandescent $399.4 M Canada Canadian Industrials Canadian Rental & Leasing Services
157 Vitalhub Corp VHI wb_incandescent $396.6 M Canada Canadian Healthcare Canadian Health Information Services
158 Vitalhub Corp VHI wb_incandescent $396.6 M Canada Canadian Healthcare Canadian Health Information Services
159 Minto Apartment Real Estate Investment Trust MI.UN wb_incandescent $388.0 M Canada Canadian Real Estate Canadian REIT—Residential
160 5N Plus Inc. VNP wb_incandescent $386.9 M Canada Canadian Basic Materials Canadian Specialty Chemicals
161 Cogeco Inc. CGO wb_incandescent $385.8 M Canada Canadian Communication Services Canadian Telecom Services
162 Calian Group Ltd. CGY wb_incandescent $382.5 M Canada Canadian Industrials Canadian Specialty Business Services
163 Magellan Aerospace Corporation MAL wb_incandescent $378.6 M Canada Canadian Industrials Canadian Aerospace & Defense
164 Spartan Delta Corp SDE wb_incandescent $377.8 M Canada Canadian Energy Canadian Oil & Gas E&P
165 Automotive Properties Real Estate Investment Trust APR.UN wb_incandescent $377.1 M Canada Canadian Real Estate Canadian REIT—Specialty
166 Knight Therapeutics Inc. GUD wb_incandescent $373.6 M Canada Canadian Healthcare Canadian Drug Manufacturers—Specialty & Generic
167 Surge Energy Inc. SGY wb_incandescent $369.0 M Canada Canadian Energy Canadian Oil & Gas E&P
168 Real Matters Inc. REAL wb_incandescent $366.9 M Canada Canadian Technology Canadian Software—Application
169 Atrium Mortgage Investment Corporation AI wb_incandescent $358.0 M Canada Canadian Financials Canadian Mortgage Finance
170 Dexterra Group Inc. DXT wb_incandescent $357.2 M Canada Canadian Industrials Canadian Engineering & Construction
171 Arizona Metals Corp AMC wb_incandescent $356.3 M

(Dec. 1, 2022)

Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
172 Ensign Energy Services Inc. ESI wb_incandescent $352.2 M Canada Canadian Energy Canadian Oil & Gas Drilling
173 Stingray Group Inc. RAY.A wb_incandescent $350.1 M Canada Canadian Communication Services Canadian Broadcasting
174 Galiano Gold Inc. GAU wb_incandescent $339.6 M Canada Canadian Basic Materials Canadian Gold
175 Diversified Royalty Corp. DIV wb_incandescent $335.7 M Canada Canadian Industrials Canadian Conglomerates
176 VersaBank VBNK wb_incandescent $319.0 M

(Jan. 1, 2022)

Canada Canadian Financials Canadian Banks—Regional
177 Wajax Corporation WJX wb_incandescent $312.8 M Canada Canadian Industrials Canadian Industrial Distribution
178 AutoCanada Inc. ACQ wb_incandescent $306.8 M Canada Canadian Consumer Discretionary Canadian Auto & Truck Dealerships
179 A&W Revenue Royalties Income Fund AW.UN wb_incandescent $305.3 M

(July 1, 2024)

Canada Canadian Consumer Discretionary Canadian Restaurants
180 Total Energy Services Inc. TOT wb_incandescent $302.7 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of Jan. 1, 2025

151. Ur-Energy Inc.

Company Profile: Ur-Energy Inc.
Market Cap (USD): $458.8 M
Stock: URE wb_incandescent
Country: United States
Sector: US Energy
Industry: US Uranium

152. Timbercreek Financial Corp.

Company Profile: Timbercreek Financial Corp.
Market Cap (USD): $445.0 M
Stock: TF wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

153. Chorus Aviation Inc.

Company Profile: Chorus Aviation Inc.
Market Cap (USD): $439.8 M
Stock: CHR wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Airlines

154. Frontera Energy Corporation

Company Profile: Frontera Energy Corporation
Market Cap (USD): $437.0 M
Stock: FEC wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

155. Obsidian Energy Ltd.

Company Profile: Obsidian Energy Ltd.
Market Cap (USD): $416.8 M
Stock: OBE wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

156. Black Diamond Group Limited

Company Profile: Black Diamond Group Limited
Market Cap (USD): $399.4 M
Stock: BDI wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Rental & Leasing Services

157. Vitalhub Corp

Company Profile: Vitalhub Corp
Market Cap (USD): $396.6 M
Stock: VHI wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Health Information Services

158. Vitalhub Corp

Company Profile: Vitalhub Corp
Market Cap (USD): $396.6 M
Stock: VHI wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Health Information Services

159. Minto Apartment Real Estate Investment Trust

Company Profile: Minto Apartment Real Estate Investment Trust
Market Cap (USD): $388.0 M
Stock: MI.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Residential

160. 5N Plus Inc.

Company Profile: 5N Plus Inc.
Market Cap (USD): $386.9 M
Stock: VNP wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Specialty Chemicals

161. Cogeco Inc.

Company Profile: Cogeco Inc.
Market Cap (USD): $385.8 M
Stock: CGO wb_incandescent
Country: Canada
Sector: Canadian Communication Services
Industry: Canadian Telecom Services

162. Calian Group Ltd.

Company Profile: Calian Group Ltd.
Market Cap (USD): $382.5 M
Stock: CGY wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Specialty Business Services

163. Magellan Aerospace Corporation

Company Profile: Magellan Aerospace Corporation
Market Cap (USD): $378.6 M
Stock: MAL wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Aerospace & Defense

164. Spartan Delta Corp

Company Profile: Spartan Delta Corp
Market Cap (USD): $377.8 M
Stock: SDE wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

165. Automotive Properties Real Estate Investment Trust

Company Profile: Automotive Properties Real Estate Investment Trust
Market Cap (USD): $377.1 M
Stock: APR.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Specialty

166. Knight Therapeutics Inc.

Company Profile: Knight Therapeutics Inc.
Market Cap (USD): $373.6 M
Stock: GUD wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Drug Manufacturers—Specialty & Generic

167. Surge Energy Inc.

Company Profile: Surge Energy Inc.
Market Cap (USD): $369.0 M
Stock: SGY wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

168. Real Matters Inc.

Company Profile: Real Matters Inc.
Market Cap (USD): $366.9 M
Stock: REAL wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Application

169. Atrium Mortgage Investment Corporation

Company Profile: Atrium Mortgage Investment Corporation
Market Cap (USD): $358.0 M
Stock: AI wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

170. Dexterra Group Inc.

Company Profile: Dexterra Group Inc.
Market Cap (USD): $357.2 M
Stock: DXT wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Engineering & Construction

171. Arizona Metals Corp

Company Profile: Arizona Metals Corp
Market Cap (USD): $356.3 M (Dec. 1, 2022)
Stock: AMC wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

172. Ensign Energy Services Inc.

Company Profile: Ensign Energy Services Inc.
Market Cap (USD): $352.2 M
Stock: ESI wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Drilling

173. Stingray Group Inc.

Company Profile: Stingray Group Inc.
Market Cap (USD): $350.1 M
Stock: RAY.A wb_incandescent
Country: Canada
Sector: Canadian Communication Services
Industry: Canadian Broadcasting

174. Galiano Gold Inc.

Company Profile: Galiano Gold Inc.
Market Cap (USD): $339.6 M
Stock: GAU wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

175. Diversified Royalty Corp.

Company Profile: Diversified Royalty Corp.
Market Cap (USD): $335.7 M
Stock: DIV wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Conglomerates

176. VersaBank

Company Profile: VersaBank
Market Cap (USD): $319.0 M (Jan. 1, 2022)
Stock: VBNK wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Banks—Regional

177. Wajax Corporation

Company Profile: Wajax Corporation
Market Cap (USD): $312.8 M
Stock: WJX wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Industrial Distribution

178. AutoCanada Inc.

Company Profile: AutoCanada Inc.
Market Cap (USD): $306.8 M
Stock: ACQ wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Auto & Truck Dealerships

179. A&W Revenue Royalties Income Fund

Company Profile: A&W Revenue Royalties Income Fund
Market Cap (USD): $305.3 M (July 1, 2024)
Stock: AW.UN wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

180. Total Energy Services Inc.

Company Profile: Total Energy Services Inc.
Market Cap (USD): $302.7 M
Stock: TOT wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services