GrowMax Resources (BOE:TSX) and Automodular (AM.H:TSX) Trading at Less than Cash Value

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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 0.160000 215925645 None 0.3924 0.20 0.26
AM.H Automodular Corp 2.450000 13009027 None 0.9368 2.62 2.13
JDL JDL Gold Corp 1.990000 15569154 None 0.6964 2.27 0.60
GMN GobiMin Inc 0.540000 51507982 3.0983 0.2504 0.56 0.54
FRK Front Range Resources Ltd 0.410000 54855063 None 0.5540 0.46 None
AWI Advent Wireless Inc 1.100000 11935513 11.8280 0.7929 1.13 0.11
FBX First Bauxite Corp 0.060000 117563172 None None 0.08 -0.24
ACE.H ACE Aviation Holdings Inc 0.200000 32475000 6.6667 0.0486 0.35 2.19
MBG Malbex Resources Inc 0.330000 14654730 None 0.8932 0.37 0.46
NOL.H Knol Resources Corp 0.075000 55696470 None 1.0172 0.08 1.43
EEL Esrey Energy Ltd 0.095000 39762771 None 0.3827 0.18 0.17
ERX Era Resources Inc 0.250000 11377792 0.9085 0.0253 0.46 -3.18
IBT Ibex Technologies Inc 0.110000 24703244 27.0204 0.5426 0.12 0.07
CBV Cobra Venture Corp 0.140000 15903748 None 0.5472 0.17 -0.01
TRU Trius Investments Inc 0.190000 11270841 2.6836 0.2271 0.61 0.61
LHR Lakeview Hotel Investment Corp 0.085000 19557806 None None 0.18 -3.92
POC Pacific Iron Ore Corp 0.200000 6737858 None 0.4571 0.23 0.13
JTC Jemtec Inc 0.350000 2485654 None 0.7392 0.53 1.40
NER Newmac Resources Inc 0.065000 9716042 None 0.0718 0.08 0.00
EEN.DL Estrella International Energy Services Ltd 0.175000 2994764 None None 2.83 -13.39
NGY.H Newcastle Energy Corp 0.080000 6086577 None 0.1248 0.19 0.01
WAS.H Watusi Capital Corp 0.100000 4000000 None 0.7750 0.13 None
KWF Knightswood Financial Corp 0.075000 3011667 2.5000 0.3144 0.23 -26.05
AGI.WT Alamos Gold Inc 1.010000 267066000 None None 1.03 -0.13
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.

BOE:TSX GrowMax Resources
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp is an international Canadian company with phosphates and potash exploration blocks in Peru and minor oil & gas assets in Argentina.

AM.H:TSX Automodular
Automodular has 525 employees and is headquartered in Canada.
Automodular Corp is engaged in sequencing and sub-assembly of modules that are installed in equipment assembled by North American Original Equipment Manufacturers at plants in Canada. Its offerings include instrument panel, power pack and rear suspension.

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