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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 |
|---|---|---|---|---|---|---|---|
| EXP | Experion Holdings Ltd | 0.215000 | 1612462 | None | 0.7347 | 7.99 | -0.09 |
| BOE | GrowMax Resources Corp | 0.090000 | 213925645 | None | 0.7284 | 0.14 | 0.26 |
| GMN | GobiMin Inc | 0.275000 | 49904982 | None | 0.1391 | 0.32 | 0.34 |
| FORT | Fortress Technologies Inc | 0.135000 | 71177984 | None | 0.8492 | 0.15 | None |
| SGE | Strategem Capital Corp | 1.760000 | 4321919 | None | 0.6748 | 2.69 | 0.35 |
| ACE.H | ACE Aviation Holdings Inc | 0.180000 | 32475000 | None | None | 0.21 | 2.19 |
| LBY | Liberty One Lithium Corp | 0.075000 | 77742909 | None | 0.7798 | 0.09 | 0.09 |
| NIR | Noble Iron Inc | 0.200000 | 27267479 | None | 0.6896 | 0.24 | 0.23 |
| LND | Inspira Financial Inc | 0.110000 | 45841454 | None | 0.4497 | 0.20 | 0.20 |
| GLW | Galway Gold Inc | 0.115000 | 41627979 | None | 0.5948 | 0.15 | None |
| IGP | Imperial Ginseng Products Ltd | 0.560000 | 7336547 | 7.5000 | 0.1666 | 0.70 | 0.36 |
| CZQ.H | Continental Precious Minerals Inc | 0.300000 | 11706896 | None | 0.7226 | 0.42 | None |
| RSY | RSI International Systems Inc | 0.090000 | 36685278 | 0.6792 | 0.6253 | 0.15 | 0.13 |
| IBT | Ibex Technologies Inc | 0.110000 | 24773244 | None | 0.3811 | 0.12 | 0.08 |
| SAT | Asian Television Network International Ltd | 0.105000 | 24402914 | None | 0.5133 | 0.14 | 0.07 |
| BITK | BlockchainK2 Corp | 0.140000 | 16250687 | None | 0.6940 | 0.19 | 0.00 |
| COIN | Coin Hodl Inc | 0.135000 | 14654730 | None | 0.6423 | 0.18 | 0.46 |
| TRU.H | Trius Investments Inc | 0.145000 | 11270841 | None | 0.9830 | 0.15 | 0.06 |
| AB.H | Asbestos Corp Ltd | 0.450000 | 2837002 | None | None | 0.47 | -8.41 |
| CBV | Cobra Venture Corp | 0.070000 | 15903748 | None | 0.3530 | 0.12 | -0.01 |
| HPB.P | Hampton Bay Capital Inc | 0.070000 | 15819500 | None | None | 0.07 | None |
| VIC.P | Victory Capital Corp | 0.100000 | 5088750 | None | 0.9085 | 0.11 | None |
| VLA | Vela Minerals Ltd | 0.145000 | 1762450 | None | 0.3473 | 0.54 | 0.49 |
| TZM.H.DL | Jushi Holdings Inc | 0.155000 | 9405038 | None | None | 4.54 | 4.46 |
| 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.
EXP:TSX Experion Holdings
https://www.experionwellness.com
Experion Holdings has None employees and is headquartered in Canada.
Viridium Pacific Group Ltd is a biotech company operating in the cannabis sector. The firm is focused on the business activity to produce and distribute medical cannabis products.
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.