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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 | 2.260000 | 61125313 | 0.7645 | 0.4799 | 3.63 | None |
| BOE | GrowMax Resources Corp | 0.090000 | 213925645 | None | 0.2316 | 0.17 | 0.26 |
| ICL | Itasca Capital Ltd | 0.490000 | 21810626 | 1.7500 | 0.4500 | 0.63 | None |
| FORT | Fortress Blockchain Corp | 0.110000 | 71177984 | None | 0.4250 | 0.13 | None |
| ECC | Ethos Gold Corp | 0.130000 | 47385381 | None | 0.9374 | 0.14 | 0.14 |
| BAT | Batero Gold Corp | 0.060000 | 115182383 | None | 0.3590 | 0.08 | None |
| LND | Inspira Financial Inc | 0.145000 | 45841454 | None | 0.5682 | 0.15 | 0.15 |
| ACE.H | ACE Aviation Holdings Inc | 0.185000 | 32475000 | None | None | 0.35 | 2.19 |
| GLW | Galway Gold Inc | 0.130000 | 41627979 | None | 0.6469 | 0.17 | None |
| CZQ.H | Continental Precious Minerals Inc | 0.330000 | 11706896 | None | 0.7341 | 0.45 | None |
| BITK | BlockchainK2 Corp | 0.230000 | 15901625 | None | 0.9598 | 0.24 | 0.00 |
| CUO | Copper One Inc | 0.105000 | 34190109 | 1.0500 | 0.7189 | 0.14 | 0.01 |
| CXA.H | Consolidated HCI Holdings Corp | 0.125000 | 20575866 | None | 0.4438 | 0.27 | 0.38 |
| RRR.UN | R&R Real Estate Investment Trust | 0.080000 | 31804795 | None | 0.1871 | 0.29 | -0.41 |
| ITG | Intact Gold Corp | 0.095000 | 18182651 | 0.1067 | 0.7989 | 0.11 | None |
| CBV | Cobra Venture Corp | 0.100000 | 15903748 | None | 0.4963 | 0.13 | -0.01 |
| AIMB.P.DL | AIM2 Ventures Inc | 0.155000 | 361382 | None | None | 2.08 | None |
| ZCC.H | Zena Mining Corp | 0.050000 | 24293604 | None | 0.5696 | 0.07 | 0.07 |
| BFF | Nevada Energy Metals Inc | 0.155000 | 4689153 | 0.8122 | 0.3808 | 0.31 | None |
| POC | Pacific Iron Ore Corp | 0.100000 | 6737858 | None | 0.2908 | 0.10 | 0.13 |
| PPV.H | P&P Ventures Inc | 0.055000 | 2469998 | None | 0.4038 | 0.14 | -0.10 |
| FCO | Fabled Copper Corp | 0.050000 | 1435331 | None | 0.5790 | 0.12 | None |
| FAU.H | Fire River Gold Corp. | 0.090000 | 3161570 | None | None | 0.10 | 0.00 |
| UC.H | UC Resources Ltd | 0.150000 | 29950364 | None | None | 0.16 | -0.01 |
| 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.
ICL:TSX Itasca Capital
https://www.itasca-capital.com
Itasca Capital has 4 employees and is headquartered in Canada.
Itasca Capital Ltd is an investment company. The Company’s investment objective is high return investment opportunities in the natural resource sector.
FORT:TSX Fortress Blockchain
http://www.fortressblockchain.io
Fortress Blockchain has None employees and is headquartered in Canada.
Focused Capital II Corp is a capital pool company.
Free Valuation
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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.