Athabasca Oil (ATH:TSE) and GMP Capital (GMP:TSE) 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 TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
ATH Athabasca Oil Corp 1.360000 406490101 None 0.3550 1.60 0.26
CF Canaccord Genuity Group Inc 4.950000 91780305 None 0.8573 5.12 4.30
GMP GMP Capital Inc 3.450000 81491653 None 1.2560 6.43 5.76
SCC Sears Canada Inc 1.290000 101877662 None 0.5915 1.32 1.12
CXR Concordia International Corp 1.830000 51089556 None 0.3222 7.79 -61.61
ZAR Zargon Oil & Gas Ltd 0.610000 30670000 None 0.5448 0.78 -1.07
TRZ Transat A.T. Inc 5.880000 36911719 None 0.5105 12.32 13.96
NKO Niko Resources Ltd 0.085000 94049967 0.0183 None 0.17 -2.23
NPS Northern Power Systems Corp 0.190000 23613884 None None 0.23 0.16
CZQ Continental Precious Minerals Inc 0.285000 11706896 None 0.5701 0.48 None
GII.UN.DL Global Diversified Investment Grade Income Trust II 0.210000 9778651 10.5000 0.7582 0.26 None
PNC.B Postmedia Network Canada Corp 0.600000 1874639 None None 13.41 -169.74
PNC.A Postmedia Network Canada Corp 0.610000 1874639 None None 13.41 -169.74
LRT.UN Lanesborough Real Estate Investment Trust 0.030000 20557320 None None 0.03 -11.70
STP.DL Southern Pacific Resources Corp 0.005000 397959000 None None 0.07 -1.38
CSF.DL Cash Store Financial Services Inc 0.135000 17571813 None None 0.60 -7.59
LTS.DL Lightstream Resources Ltd 0.115000 198992000 None None 0.20 -1.60
MNT Royal Canadian Mint 18.240000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 13.940000 4000 None None 23651.75 11260.75

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.

ATH:TSE Athabasca Oil

http://www.atha.com
Athabasca Oil has 153 employees and is headquartered in Canada.
Athabasca Oil Corp is an exploration and production company developing thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.

GMP:TSE GMP Capital

http://www.gmpcapital.com
GMP Capital has 316 employees and is headquartered in Canada.
GMP Capital Inc is a Canadian independent investment dealer serving corporate, institutional and individual clients. The Company’s integrated business segments include: Capital Markets and Wealth Management.

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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.