Fair Value of $14 per share at Peer EV/ EbitdaCurrent EV/Ebitda multiple is 17.22 times..see link below
All Values in C $.
EV = Market cap plius debt less cash =$51 million.
Annual Ebitda - Q2 X 4 X 1.25 = $4.1 US X 4 x 1.25 = $20.5 in C$.
Fair value Market cap = $20.5 X 17.22 + $19 m cash = $370 million in CAD
Fair value Per share = $370 m / 26.5 m shares = $14 cad
We are grossly under valued..nothing new there..
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html