1. Exit Case: Anaergia, Inc. 

Overview:

Anaergia, Inc. (TSX: ANRG) engages in the production of clean energy, fertilizer, and recycled water from organic waste streams. It operates through the following business segments: Capital Sales; Services; and Build, Own, and Operate (BOO).

ANRG has been a part of the ‘Value Portfolio’ since 11 September, 2025, however, considering the recent fall in the share price of the stock, an ‘Exit’ is recommended from the stock at the last closing price of CAD 2.20, as on 08 December, 2025.  

1.1 Support and Resistance Summary as provided in our last published report dated 11 September 2025.

1.2 Anaergia, Inc.

2. New Entry Case: Dundee Corporation Class A 

Overview:  

Dundee Corporation Class A (TSX: DC.A) operates as a holding company, which engages in the provision of investment advisory, corporate finance, energy, resources, agriculture, real estate, and infrastructure. It also holds portfolio of investments in publicly listed and private enterprises.

Technical Analysis:

On the daily chart, DC.A has been trending steadily higher throughout 2025, with the stock recovering strongly from its November dip near CAD 3.20 and now trading around CAD 3.81. The broader structure remains constructive, as price continues to form higher lows and shows signs of re-accumulation following the October pullback from the CAD 4.50 region. The RSI is currently around 56.2019, indicating balanced momentum with a slight bullish tilt, suggesting the stock has room to advance without entering overbought territory. Key support lies at CAD 3.31, while the next major resistance level to watch is CAD 4.57.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 3.81, as on 08 December 2025. 

2.1 Support and Resistance Summary (as on 08 December 2025)

2.2 Dundee Corporation Class A

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 8 December 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the Value of investments can go up or down.