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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 |
|---|---|---|---|---|---|---|---|
| GLXY | Galaxy Digital Holdings Ltd | 2.380000 | 61125313 | 0.8107 | 0.5089 | 3.63 | None |
| BOE | GrowMax Resources Corp | 0.110000 | 213925645 | None | 0.2830 | 0.18 | 0.26 |
| CLH | Coral Gold Resources Ltd | 0.370000 | 47438337 | 6.0609 | 0.8927 | 0.39 | 0.03 |
| AWI | Advent-AWI Holdings Inc | 1.030000 | 11935513 | 8.3740 | 0.6858 | 1.06 | 0.11 |
| ICL | Itasca Capital Ltd | 0.470000 | 21810626 | 1.6786 | 0.4316 | 0.63 | None |
| NIR | Noble Iron Inc | 0.310000 | 27417479 | None | 0.8238 | 0.35 | 0.42 |
| XAG | Xtierra Inc | 0.060000 | 134813057 | None | None | 0.07 | -5.43 |
| BAT | Batero Gold Corp | 0.065000 | 115182383 | None | 0.3890 | 0.08 | None |
| GLW | Galway Gold Inc | 0.170000 | 41627979 | None | 0.7600 | 0.17 | None |
| ECC | Ethos Gold Corp | 0.145000 | 47385381 | None | 0.9836 | 0.15 | 0.14 |
| ACE.H | ACE Aviation Holdings Inc | 0.185000 | 32475000 | None | None | 0.35 | 2.19 |
| LND | Inspira Financial Inc | 0.135000 | 45841454 | None | 0.2841 | 0.15 | 0.15 |
| CZQ.H | Continental Precious Minerals Inc | 0.400000 | 11706896 | None | 0.8276 | 0.48 | None |
| CUO | Copper One Inc | 0.135000 | 34190109 | 1.3500 | 0.9243 | 0.14 | 0.01 |
| COIN | Malbex Resources Inc | 0.250000 | 14654730 | None | 0.7621 | 0.34 | 0.46 |
| NOL.H | Knol Resources Corp | 0.060000 | 55696469 | None | 0.9373 | 0.07 | 1.43 |
| RRR.UN | R&R Real Estate Investment Trust | 0.085000 | 31804795 | None | 0.1993 | 0.29 | -0.41 |
| ZCC.H | Zena Mining Corp | 0.070000 | 24293604 | None | 0.7974 | 0.07 | 0.07 |
| CBV | Cobra Venture Corp | 0.080000 | 15903748 | None | 0.3970 | 0.13 | -0.01 |
| BFF | Nevada Energy Metals Inc | 0.190000 | 4689153 | 0.9645 | 0.4521 | 0.31 | None |
| POC | Pacific Iron Ore Corp | 0.080000 | 6737858 | None | 0.2326 | 0.10 | 0.13 |
| PPV.H | P&P Ventures Inc | 0.060000 | 2469998 | None | 0.4405 | 0.14 | -0.10 |
| BCO.H | British Controlled Oilfields Ltd | 0.650000 | 4068563 | None | None | 0.85 | None |
| UC.H | UC Resources Ltd | 0.150000 | 29950364 | None | None | 0.16 | -0.01 |
| FAU.H | Fire River Gold Corp. | 0.090000 | 3161570 | None | None | 0.09 | 0.00 |
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.
BOE:TSX GrowMax Resources
http://www.growmaxcorp.com
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp operates as a phosphate and potash mining company in Peru. It is involved in the exploration and development of phosphate and potassium-rich brine resources, and other minerals, as well as development of fertilizer projects.
AWI:TSX Advent-AWI Holdings
http://
Advent-AWI Holdings has None employees and is headquartered in Canada.
Advent-AWI Holdings Inc is engaged in the selling of cellular and wireless products services and accessories.
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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.