Automodular (AM.H:TSX) and Front Range Resources (FRK: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
AM.H Automodular Corp 2.430000 12980027 None 0.9397 2.60 2.13
GMN GobiMin Inc 0.560000 51507982 3.1566 0.2551 0.56 0.54
BOE GrowMax Resources Corp 0.120000 215925645 None 0.2943 0.20 0.26
ALV Alvopetro Energy Ltd 0.205000 85166871 None 0.1774 0.21 None
FRK Front Range Resources Ltd 0.260000 54855063 None 0.3513 0.46 None
BAT Batero Gold Corp 0.090000 115182383 None 0.4556 0.11 None
ACE.H ACE Aviation Holdings Inc 0.200000 32475000 6.6667 0.0486 0.35 2.19
VGO Vogogo Inc 0.125000 45222410 None 1.0842 0.13 0.14
IGP Imperial Ginseng Products Ltd 0.760000 7209847 7.6000 0.2472 1.42 1.04
MBG Malbex Resources Inc 0.340000 14654730 None 0.9202 0.37 0.46
EL Engagement Labs Inc 0.070000 68377737 None 1.0819 0.09 0.03
EEL Esrey Energy Ltd 0.100000 39762771 None 0.4070 0.17 0.17
NOL.H Knol Resources Corp 0.070000 55696470 None 0.9494 0.08 1.43
MDNA Medicenna Therapeutics Corp 2.800000 1160721 None 0.6701 4.47 None
RNK.A Wow Unlimited Media Inc 1.510000 1754017 None None 1.67 -13.77
CBV Cobra Venture Corp 0.150000 15903748 None 0.6269 0.16 -0.01
TRU Trius Investments Inc 0.210000 11270841 2.9661 0.2510 0.61 0.61
ERX Era Resources Inc 0.200000 11377792 0.8183 0.0227 0.86 -3.42
LHR Lakeview Hotel Investment Corp 0.080000 19557806 None None 0.18 -3.92
POC Pacific Iron Ore Corp 0.195000 6737858 None 0.4457 0.23 0.13
NGY.H Newcastle Energy Corp 0.175000 6086577 None 0.2730 0.19 0.01
YVI Yorkton Ventures Inc 0.080000 9000000 None 0.8062 0.08 0.06
WSH.P Westshire Capital II Corp 0.055000 6669000 None 0.9301 0.06 None
WAS.H Watusi Capital Corp 0.085000 4000000 None 0.6723 0.13 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.

FRK:TSX Front Range Resources
Front Range Resources has 7 employees and is headquartered in Canada.
Front Range Resources Ltd is an oil and natural gas exploration and production company.

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