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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 |
---|---|---|---|---|---|---|---|
EPI | ESSA Pharma Inc | 3.100000 | 5776098 | None | 1.2234 | 3.13 | 1.93 |
BOE | GrowMax Resources Corp | 0.080000 | 213925645 | None | 0.2208 | 0.15 | 0.26 |
GMN | GobiMin Inc | 0.290000 | 49992482 | None | 0.1439 | 0.33 | 0.34 |
DMGI | DMG Blockchain Solutions Inc | 0.150000 | 100922558 | None | 0.3734 | 0.18 | 0.05 |
FORT | Fortress Blockchain Corp | 0.125000 | 71177984 | None | 0.4334 | 0.15 | None |
BAT | Batero Gold Corp | 0.065000 | 115182383 | None | 0.3890 | 0.08 | None |
NIR | Noble Iron Inc | 0.270000 | 27267479 | None | 0.8056 | 0.29 | 0.42 |
ACE.H | ACE Aviation Holdings Inc | 0.190000 | 32475000 | None | None | 0.35 | 2.19 |
LND | Inspira Financial Inc | 0.110000 | 45841454 | None | 0.4453 | 0.19 | 0.19 |
LBY | Liberty One Lithium Corp | 0.070000 | 66628333 | None | 0.5224 | 0.12 | 0.06 |
GLW | Galway Gold Inc | 0.120000 | 41627979 | None | 0.5585 | 0.16 | None |
AET | Aethon Minerals Corp | 0.155000 | 27633333 | None | 0.3511 | 0.19 | None |
CZQ.H | Continental Precious Minerals Inc | 0.350000 | 11706896 | None | 0.7821 | 0.45 | None |
ICL | Itasca Capital Ltd | 0.170000 | 21810626 | 0.6071 | 0.1561 | 0.63 | None |
NOL.H | Knol Resources Corp | 0.060000 | 55696470 | None | 0.9684 | 0.06 | 1.43 |
HOC | Hunter Oil Corp | 0.220000 | 13260871 | None | 1.0363 | 0.30 | 0.28 |
RRR.UN | R&R Real Estate Investment Trust | 0.080000 | 32394304 | None | 0.1082 | 0.21 | -1.00 |
CBV | Cobra Venture Corp | 0.085000 | 15903748 | None | 0.4177 | 0.14 | -0.01 |
ZCC.H | Zena Mining Corp | 0.055000 | 24293604 | None | 0.6307 | 0.07 | 0.07 |
ITG | Intact Gold Corp | 0.060000 | 18182651 | None | 0.5105 | 0.10 | 0.10 |
BFF | Nevada Energy Metals Inc | 0.125000 | 5739153 | 1.4045 | 0.4680 | 0.22 | None |
FCO | Fabled Copper Corp | 0.085000 | 1435331 | None | 1.2303 | 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 |
AIMB.P.DL | AIM2 Ventures Inc | 0.155000 | 361382 | None | None | 2.08 | 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.
EPI:TSX ESSA Pharma
http://www.essapharmaceuticals.com
ESSA Pharma has 15 employees and is headquartered in Canada.
ESSA Pharma Inc is a pharmaceutical company. The company is in preclinical stage, focused on the development of small molecule drugs for the treatment of castration-resistant prostate cancer.
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.
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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.