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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 |
|---|---|---|---|---|---|---|---|
| DMGI | DMG Blockchain Solutions Inc | 0.180000 | 100922558 | None | 0.4481 | 0.18 | 0.05 |
| CLH | Coral Gold Resources Ltd | 0.365000 | 48598537 | 19.7404 | 0.7837 | 0.38 | 0.03 |
| BOE | GrowMax Resources Corp | 0.080000 | 213925645 | None | 0.2208 | 0.15 | 0.26 |
| GMN | GobiMin Inc | 0.250000 | 49992482 | None | 0.1264 | 0.33 | 0.34 |
| FORT | Fortress Blockchain Corp | 0.125000 | 71177984 | None | 0.4334 | 0.15 | None |
| ICL | Itasca Capital Ltd | 0.280000 | 21810626 | 1.0000 | 0.2571 | 0.63 | None |
| ACE.H | ACE Aviation Holdings Inc | 0.180000 | 32475000 | None | None | 0.35 | 2.19 |
| LND | Inspira Financial Inc | 0.125000 | 45841454 | None | 0.4962 | 0.20 | 0.20 |
| GLW | Galway Gold Inc | 0.120000 | 41627979 | None | 0.5691 | 0.16 | None |
| AET | Aethon Minerals Corp | 0.180000 | 27633333 | None | 0.4077 | 0.19 | None |
| CZQ.H | Continental Precious Minerals Inc | 0.355000 | 11706896 | None | 0.8037 | 0.44 | None |
| RRR.UN | R&R Real Estate Investment Trust | 0.120000 | 32394304 | None | 0.1654 | 0.21 | -1.00 |
| BITK | BlockchainK2 Corp | 0.210000 | 15901625 | None | 0.9409 | 0.23 | 0.00 |
| SAT | Asian Television Network International Ltd | 0.130000 | 24402914 | None | 0.5081 | 0.14 | 0.13 |
| HOC | Hunter Oil Corp | 0.200000 | 13260871 | None | 0.9600 | 0.30 | 0.28 |
| TRU.H | Trius Investments Inc | 0.140000 | 11270841 | None | 1.0189 | 0.14 | 0.06 |
| ITG | Intact Gold Corp | 0.080000 | 18182651 | None | 0.6806 | 0.10 | 0.10 |
| CBV | Cobra Venture Corp | 0.080000 | 15903748 | None | 0.3931 | 0.14 | -0.01 |
| TLK | Frankly Inc | 0.365000 | 2656917 | None | None | 1.09 | -6.70 |
| CLB | Colombia Crest Gold Corp | 0.060000 | 3202948 | None | 2.8217 | 0.07 | 0.12 |
| VIC.P | Victory Capital Corp | 0.100000 | 5088750 | None | 0.8437 | 0.12 | None |
| POC | Pacific Iron Ore Corp | 0.075000 | 6737858 | None | 0.2297 | 0.08 | 0.13 |
| FCO | Fabled Copper Corp | 0.065000 | 1435331 | None | 0.9408 | 0.12 | None |
| FAU.H | Fire River Gold Corp. | 0.090000 | 3161570 | None | None | 0.10 | 0.00 |
| BCO.H | British Controlled Oilfields Ltd | 0.650000 | 4068563 | None | None | 0.85 | None |
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.
DMGI:TSX DMG Blockchain Solutions
https://www.dmgblockchain.com
DMG Blockchain Solutions has None employees and is headquartered in Canada.
DMG Blockchain Solutions Inc is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem.
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.
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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.