Peer Based Price to Book The current value is 6.7 times book..see link below.
Current Book value is $47 million cad.
At current Price to book valuation multiupole of 6.7 , the fair market cap valuation is $315 million CAD.
Once again, we see a fair value ( $11.60 cad ) above $10 per share.
Very undervalued and a very good takeover candidate
https://csimarket.com/Industry/industry_valuation_ttm.php?pb&ind=803