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 0.150000 215925645 None 0.3679 0.20 0.26
AM.H Automodular Corp 2.430000 13009027 None 0.9291 2.62 2.13
GMN GobiMin Inc 0.540000 51507982 3.0776 0.2487 0.56 0.54
FRK Front Range Resources Ltd 0.380000 54855063 None 0.5135 0.46 None
ALV Alvopetro Energy Ltd 0.230000 85166871 None 0.1970 0.26 None
ACE.H ACE Aviation Holdings Inc 0.200000 32475000 6.6667 0.0486 0.35 2.19
TORR Torrent Capital Ltd 0.270000 23648312 7.8513 0.8655 0.27 0.00
MBG Malbex Resources Inc 0.345000 14654730 None 0.9338 0.37 0.46
SCG SelectCore Ltd 0.150000 30037852 None None 0.15 0.08
IGP Imperial Ginseng Products Ltd 0.580000 7209847 9.6667 0.2164 0.58 0.21
NOL.H Knol Resources Corp 0.070000 55696470 None 0.9494 0.08 1.43
EEL Esrey Energy Ltd 0.090000 39762771 None 0.3656 0.17 0.17
ERX Era Resources Inc 0.230000 11377792 0.8302 0.0232 0.46 -3.18
CBV Cobra Venture Corp 0.140000 15903748 None 0.5472 0.17 -0.01
TRU Trius Investments Inc 0.180000 11270841 2.5424 0.2151 0.61 0.61
LHR Lakeview Hotel Investment Corp 0.080000 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
NGY.H Newcastle Energy Corp 0.110000 6086577 None 0.1716 0.19 0.01
EEN.DL Estrella International Energy Services Ltd 0.175000 2994764 None None 2.83 -13.39
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 267222594 None None 1.02 -0.13
BCO.H British Controlled Oilfields Ltd 0.650000 4068563 None None 0.85 None
VCR.H Vector Resources Inc 0.300000 186811 None None 0.36 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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