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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 | 0.105000 | 213925645 | None | 0.2763 | 0.18 | 0.26 |
| CLH | Coral Gold Resources Ltd | 0.385000 | 47315337 | 4.3889 | 0.8495 | 0.40 | 0.03 |
| PNO | PentaNova Energy Corp | 0.065000 | 242201602 | 5.4443 | 0.1997 | 0.08 | 0.02 |
| BAT | Batero Gold Corp | 0.075000 | 115182383 | None | 0.4426 | 0.09 | None |
| NIR | Noble Iron Inc | 0.250000 | 27417479 | None | 0.6390 | 0.43 | 0.42 |
| ACE.H | ACE Aviation Holdings Inc | 0.200000 | 32475000 | None | None | 0.35 | 2.19 |
| CXA.H | Consolidated HCI Holdings Corp | 0.245000 | 20575866 | 8.1667 | 0.8487 | 0.32 | 0.38 |
| CUO | Copper One Inc | 0.125000 | 34190109 | 1.5556 | 0.9105 | 0.14 | 0.01 |
| CZQ.H | Continental Precious Minerals Inc | 0.380000 | 11706896 | 63.4249 | 0.7863 | 0.48 | None |
| FRK | Front Range Resources Ltd | 0.055000 | 54855063 | 0.1154 | 0.3054 | 0.06 | None |
| RRR.UN | R&R Real Estate Investment Trust | 0.090000 | 32394304 | None | 0.3270 | 0.19 | -0.67 |
| RB.H | Russell Breweries Inc | 0.025000 | 87083788 | None | 0.8579 | 0.04 | 0.02 |
| CBV | Cobra Venture Corp | 0.110000 | 15903748 | None | 0.5192 | 0.14 | -0.01 |
| RUN | Running Fox Resource Corp | 0.025000 | 54770548 | None | 0.9602 | 0.03 | 0.01 |
| POC | Pacific Iron Ore Corp | 0.115000 | 6737858 | None | 0.3077 | 0.14 | 0.13 |
| NTN.H | Newton Energy Corp | 0.250000 | 1361046 | None | 1.9893 | 0.30 | 0.42 |
| FP | FP Newspapers Inc | 0.095000 | 6902592 | None | 0.1081 | 0.11 | -15.71 |
| KHA.H | Knighthawk Inc | 0.050000 | 11849853 | None | 0.7765 | 0.08 | 0.11 |
| PPV.H | P&P Ventures Inc | 0.040000 | 4939997 | None | 0.5316 | 0.08 | -0.05 |
| YSC.H | Yongsheng Capital Inc | 0.035000 | 5150000 | 7.2886 | 0.9354 | 0.04 | None |
| TVR.H | Tri-River Ventures Inc | 0.035000 | 26695431 | None | None | 0.04 | 0.09 |
| SDV.H | Sumtra Diversified Inc | 0.040000 | 6237400 | None | None | 0.04 | None |
| AVT | Alloycorp Mining Inc | 0.045000 | 74009171 | None | None | 0.06 | -2.12 |
| MVM | MillenMin Ventures Inc | 0.050000 | 42100000 | None | None | 0.06 | None |
| 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.
PNO:TSX PentaNova Energy
http://www.pentanovaenergy.com
PentaNova Energy has 27 employees and is headquartered in Canada.
PentaNova Energy Corp is a Canada-based hydrocarbon oil and gas exploration and development company. It holds a variety of diversified portfolio of unexploited assets in Colombia and Argentina.
NIR:TSX Noble Iron
http://www.nobleiron.com
Noble Iron has 117 employees and is headquartered in Canada.
Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. It offers construction and industrial equipment and accessories for rent and for sale.
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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.