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
AM.H Automodular Corp 2.400000 12980027 None 0.9473 2.50 2.13
GMN GobiMin Inc 0.450000 50216482 3.0309 0.2250 0.45 0.43
BOE GrowMax Resources Corp 0.105000 213925645 None 0.2741 0.20 0.26
KGF King George Financial Corp 0.560000 39556460 2.0741 0.6112 0.61 0.61
CLH Coral Gold Resources Ltd 0.350000 47088337 4.3750 0.7696 0.40 0.03
BAT Batero Gold Corp 0.100000 115182383 None 0.5392 0.10 None
NM Northern Empire Resources Corp 0.900000 12769864 None 0.5924 0.93 0.54
CXA.H Consolidated HCI Holdings Corp 0.500000 20575866 3.5714 0.4278 0.58 0.58
IGP Imperial Ginseng Products Ltd 1.400000 7209847 2.5000 0.4214 1.41 1.05
ECC Ethos Gold Corp 0.150000 47335381 None 0.9515 0.16 None
ACE.H ACE Aviation Holdings Inc 0.190000 32475000 None None 0.35 2.19
NIR Noble Iron Inc 0.220000 27417479 None 0.4412 0.49 0.48
MBG Malbex Resources Inc 0.340000 14654730 None 0.9794 0.36 0.46
CZQ.H Continental Precious Minerals Inc 0.335000 11706896 None 0.6816 0.49 None
SCYB Scythian Biosciences Corp 4.470000 660584 None 0.2310 18.01 0.00
RRR.UN R&R Real Estate Investment Trust 0.090000 31804795 None 0.6180 0.23 0.07
IOG Ironhorse Oil & Gas Inc 0.100000 27885824 None 0.2502 0.11 0.09
CBV Cobra Venture Corp 0.095000 15903748 None 0.4393 0.15 -0.01
CRD.H Coronado Resources Ltd 0.500000 2831170 None 0.9242 0.51 2.35
POC Pacific Iron Ore Corp 0.160000 6737858 None 0.3915 0.17 0.13
LSC LSC Lithium Corp 1.400000 615385 None 0.0134 35.46 None
LSC LSC Lithium Corp 1.400000 615385 None 0.0134 35.46 None
FBR.H Fibre-Crown Manufacturing Inc 0.090000 7107764 3.0000 0.6949 0.12 0.15
WAS.H Watusi Capital Corp 0.120000 4000000 None 0.9950 0.12 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

http://www.automodular.com
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.

GMN:TSX GobiMin

http://www.gobimin.com
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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