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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 |
---|---|---|---|---|---|---|---|
BOE | GrowMax Resources Corp | 0.130000 | 213925645 | None | 0.3375 | 0.18 | 0.26 |
CLH | Coral Gold Resources Ltd | 0.375000 | 47438337 | 6.1428 | 0.9047 | 0.39 | 0.03 |
GMN | GobiMin Inc | 0.335000 | 50005482 | None | 0.1607 | 0.36 | 0.34 |
NIR | Noble Iron Inc | 0.300000 | 27417479 | None | 0.7972 | 0.35 | 0.42 |
XAG | Xtierra Inc | 0.060000 | 134813057 | None | None | 0.07 | -5.43 |
BAT | Batero Gold Corp | 0.065000 | 115182383 | None | 0.3836 | 0.08 | None |
ACE.H | ACE Aviation Holdings Inc | 0.185000 | 32475000 | None | None | 0.35 | 2.19 |
CZQ.H | Continental Precious Minerals Inc | 0.410000 | 11706896 | 63.4249 | 0.8483 | 0.48 | None |
CUO | Copper One Inc | 0.130000 | 34190109 | 1.3617 | 0.8711 | 0.14 | 0.01 |
COIN | Malbex Resources Inc | 0.285000 | 14654730 | None | 0.8688 | 0.34 | 0.46 |
EUO | Eurocontrol Technics Group Inc | 0.045000 | 90750238 | None | 0.3591 | 0.06 | 0.02 |
NOL.H | Knol Resources Corp | 0.060000 | 55696469 | None | 0.9373 | 0.07 | 1.43 |
RRR.UN | R&R Real Estate Investment Trust | 0.090000 | 32394304 | None | 0.2783 | 0.20 | -0.66 |
CBV | Cobra Venture Corp | 0.090000 | 15903748 | None | 0.4354 | 0.14 | -0.01 |
AB.H | Asbestos Corp Ltd | 0.500000 | 2837002 | 3.3023 | None | 0.83 | -8.07 |
BFF | Nevada Energy Metals Inc | 0.180000 | 4689153 | 0.9137 | 0.4283 | 0.31 | None |
FP | FP Newspapers Inc | 0.090000 | 6902592 | None | 0.1046 | 0.10 | -15.71 |
POC | Pacific Iron Ore Corp | 0.080000 | 6737858 | None | 0.2220 | 0.12 | 0.13 |
KHA.H | Knighthawk Inc | 0.040000 | 11849853 | None | 0.6502 | 0.07 | 0.11 |
PPV.H | P&P Ventures Inc | 0.080000 | 2469998 | None | 0.5523 | 0.15 | -0.10 |
FAU.H | Fire River Gold Corp. | 0.090000 | 3161570 | None | None | 0.09 | 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 |
AVT | Alloycorp Mining Inc | 0.045000 | 74009171 | None | None | 0.06 | -2.12 |
SDV.H | Sumtra Diversified Inc | 0.040000 | 6237400 | None | None | 0.04 | 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.
GMN:TSX GobiMin
http://www.gobimin.com
GobiMin has None employees and is headquartered in Canada.
GobiMin Inc together with its subsidiaries is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of the People’s Republic of China.
XAG:TSX Xtierra
http://www.xtierra.ca
Xtierra has None employees and is headquartered in Canada.
Xtierra Inc is a mineral exploration and development company, focused on the development of precious and base metal projects in the State of Zacatecas, Mexico. The company holds interest in La Laguna Project and Bilbao 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.