Automodular (AM.H:TSX) and GobiMin (GMN: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 0.155000 215925645 None 0.3801 0.20 0.26
AM.H Automodular Corp 2.420000 13009027 None 0.9253 2.62 2.13
GMN GobiMin Inc 0.540000 51507982 3.1034 0.2508 0.56 0.54
FRK Front Range Resources Ltd 0.425000 54855063 None 0.5743 0.46 None
AWI Advent Wireless Inc 1.110000 11935513 11.9355 0.8001 1.13 0.11
BAT Batero Gold Corp 0.110000 115182383 None 0.5568 0.11 None
ACE.H ACE Aviation Holdings Inc 0.200000 32475000 6.6667 0.0486 0.35 2.19
FBX First Bauxite Corp 0.050000 117563172 None None 0.08 -0.24
MBG Malbex Resources Inc 0.370000 14654730 None 1.0014 0.37 0.46
EEL Esrey Energy Ltd 0.100000 39762771 None 0.4062 0.17 0.17
NOL.H Knol Resources Corp 0.070000 55696470 None 0.9494 0.08 1.43
ERX Era Resources Inc 0.230000 11377792 0.8372 0.0233 0.46 -3.18
TRU Trius Investments Inc 0.195000 11270841 2.7542 0.2331 0.61 0.61
CBV Cobra Venture Corp 0.115000 15903748 None 0.4495 0.17 -0.01
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
CRD.H Coronado Resources Ltd 0.200000 5662340 None 0.7095 0.25 1.17
JTC Jemtec Inc 0.370000 2485654 None 0.7815 0.53 1.40
NGY.H Newcastle Energy Corp 0.125000 6086577 None 0.1950 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
LEQ.H Leo Acquisitions Corp 0.050000 2194088 None 0.5393 0.14 None
IVC Interconnect Ventures Corp 0.055000 9711901 None None 0.08 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.

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.

GobiMin has None employees and is headquartered in Canada.
GobiMin Inc along with its subsidiaries is engaged in the development and exploitation of mineral properties in the Xinjiang Uygur Autonomous Region of the People’s Republic of China.

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