Automodular (AM.H:TSX) and GrowMax Resources (BOE: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 12976227 None 0.9588 2.51 2.13
BOE GrowMax Resources Corp 0.105000 213925645 None 0.2892 0.18 0.26
SLG Sterling Resources Ltd 0.140000 147186000 None 0.9378 0.14 0.14
GMN GobiMin Inc 0.410000 50005482 2.8127 0.2078 0.48 0.46
CLH Coral Gold Resources Ltd 0.350000 47088337 4.3750 0.7696 0.40 0.03
NM Northern Empire Resources Corp 0.850000 12769864 None 0.5595 0.93 0.54
CXA.H Consolidated HCI Holdings Corp 0.500000 20575866 3.5714 0.4278 0.58 0.58
SA Southern Arc Minerals Inc 0.670000 14974616 5.5833 0.6599 0.79 1.50
BAT Batero Gold Corp 0.080000 115182383 None 0.4313 0.10 None
GRC Grenville Strategic Royalty Corp 0.080000 106317656 None 0.3345 0.08 -0.07
NIR Noble Iron Inc 0.300000 27417479 None 0.6695 0.43 0.42
ACE.H ACE Aviation Holdings Inc 0.190000 32475000 None None 0.35 2.19
CZQ.H Continental Precious Minerals Inc 0.305000 11706896 130.9013 0.6242 0.49 None
RRR.UN R&R Real Estate Investment Trust 0.110000 31804795 None 0.6674 0.23 0.07
PPP Parlane Resource Corp 0.150000 14936265 10.6845 0.8761 0.17 0.03
CBV Cobra Venture Corp 0.095000 15903748 None 0.4393 0.15 -0.01
LSC LSC Lithium Corp 1.520000 615385 None 0.0145 35.46 None
LSC LSC Lithium Corp 1.520000 615385 None 0.0145 35.46 None
POC Pacific Iron Ore Corp 0.125000 6737858 None 0.3233 0.14 0.13
FP FP Newspapers Inc 0.105000 6902592 None 0.0805 0.11 -15.71
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
LEQ.H Leo Acquisitions Corp 0.085000 2921357 None 1.2061 0.11 None
GFL.H Gulfstream Acquisition 1 Corp 0.100000 4755159 None None 0.10 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.

BOE:TSX GrowMax Resources
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp is a mining company with phosphates and potash brine exploration blocks. It explores & develops phosphate and potassium-rich brine resources on its Bayovar Property, which is located in the Sechura Desert in northwestern Peru.

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