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Trading at Less than Cash Value
Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.
What this Means…
Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.
Today’s Data on TSX
Today’s data is for companies listed on the TSX Venture Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| BOE | GrowMax Resources Corp | 0.115000 | 213925645 | None | 0.3167 | 0.18 | 0.26 |
| CLH | Coral Gold Resources Ltd | 0.400000 | 47315337 | 4.5556 | 0.8817 | 0.40 | 0.03 |
| GMN | GobiMin Inc | 0.340000 | 50005482 | None | 0.1721 | 0.48 | 0.46 |
| BAT | Batero Gold Corp | 0.080000 | 115182383 | None | 0.4870 | 0.09 | None |
| NIR | Noble Iron Inc | 0.325000 | 27417479 | None | 0.7253 | 0.43 | 0.42 |
| EUO | Eurocontrol Technics Group Inc | 0.070000 | 91750238 | None | 0.4087 | 0.09 | 0.02 |
| ACE.H | ACE Aviation Holdings Inc | 0.180000 | 32475000 | None | None | 0.35 | 2.19 |
| CXA.H | Consolidated HCI Holdings Corp | 0.245000 | 20575866 | 8.1667 | 0.8487 | 0.32 | 0.38 |
| CZQ.H | Continental Precious Minerals Inc | 0.325000 | 11706896 | 61.5030 | 0.6591 | 0.48 | None |
| RB.H | Russell Breweries Inc | 0.030000 | 87083788 | None | 1.1439 | 0.04 | 0.02 |
| FRK | Front Range Resources Ltd | 0.065000 | 54855063 | None | 0.2964 | 0.07 | None |
| RRR.UN | R&R Real Estate Investment Trust | 0.095000 | 31804795 | None | 0.5755 | 0.23 | 0.07 |
| PPP | Parlane Resource Corp | 0.155000 | 14936265 | 7.7500 | 0.9277 | 0.17 | 0.03 |
| CBV | Cobra Venture Corp | 0.110000 | 15903748 | None | 0.5087 | 0.15 | -0.01 |
| LDI | Lithoquest Diamonds Inc | 0.280000 | 5543023 | None | 0.2998 | 0.89 | -0.01 |
| FP | FP Newspapers Inc | 0.100000 | 6902592 | None | 0.1138 | 0.11 | -15.71 |
| KHA.H | Knighthawk Inc | 0.055000 | 11849853 | None | 0.8180 | 0.08 | 0.11 |
| PPV.H | P&P Ventures Inc | 0.060000 | 4939997 | None | 0.7285 | 0.08 | -0.05 |
| MVM | MillenMin Ventures Inc | 0.050000 | 42100000 | None | None | 0.06 | None |
| AVT | Alloycorp Mining Inc | 0.045000 | 74009171 | None | None | 0.06 | -2.12 |
| SDV.H | Sumtra Diversified Inc | 0.040000 | 6237400 | None | None | 0.05 | None |
| TVR.H | Tri-River Ventures Inc | 0.035000 | 26695431 | None | None | 0.04 | 0.09 |
| BCO.H | British Controlled Oilfields Ltd | 0.650000 | 4068563 | None | None | 0.85 | None |
| SEG.H | Snow Eagle Resources Ltd | 0.020000 | 6700000 | None | None | 0.02 | None |
| VHO | Virginia Hills Oil Corp | 0.020000 | 20954000 | None | None | 0.04 | -4.70 |
Let’s look at a few companies…
Lets look at a couple of the companies on this list to get a better understanding of them.
CLH:TSX Coral Gold Resources
http://www.coralgold.com
Coral Gold Resources has 1 employees and is headquartered in Canada.
Coral Gold Resources Ltd is a natural resource company engaged in the exploration & development of natural resource properties. Its properties are Norma Sass, Robertson Property, JDN Hilltop Crest and Eagle Claims.
BAT:TSX Batero Gold
http://www.baterogold.com
Batero Gold has 82 employees and is headquartered in Canada.
Batero Gold Corp, along with its subsidiaries, is engaged in the exploration and development of its fully owned Batero-Quinchia Project, which is located within Colombia’s Middle Cauca Belt of porphyry gold-copper and epithermal gold systems.
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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.