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 2.350000 12976227 None 0.9355 2.51 2.13
BOE GrowMax Resources Corp 0.110000 213925645 None 0.2871 0.18 0.26
GMN GobiMin Inc 0.430000 50005482 3.2119 0.2384 0.48 0.46
CLH Coral Gold Resources Ltd 0.340000 47088337 4.3125 0.9635 0.40 0.03
CXA.H Consolidated HCI Holdings Corp 0.500000 20575866 8.2143 0.9840 0.58 0.58
BAT Batero Gold Corp 0.085000 115182383 None 0.4583 0.10 None
NIR Noble Iron Inc 0.300000 27417479 None 1.0028 0.43 0.42
EUO Eurocontrol Technics Group Inc 0.070000 91750238 None 0.4263 0.09 0.02
ACE.H ACE Aviation Holdings Inc 0.180000 32475000 None None 0.35 2.19
CZQ.H Continental Precious Minerals Inc 0.380000 11706896 143.7768 0.6104 0.49 None
RRR.UN R&R Real Estate Investment Trust 0.110000 31804795 None 0.6762 0.23 0.07
NOL.H Knol Resources Corp 0.055000 55696470 None 1.0382 0.07 1.43
PPP Parlane Resource Corp 0.160000 14936265 9.9722 0.8505 0.17 0.03
CBV Cobra Venture Corp 0.095000 15903748 None 0.3986 0.15 -0.01
LSC LSC Lithium Corp 1.430000 615385 None 0.0115 35.46 None
LSC LSC Lithium Corp 1.430000 615385 None 0.0115 35.46 None
FP FP Newspapers Inc 0.100000 6902592 None 0.1352 0.11 -15.71
WAS.H Watusi Capital Corp 0.120000 4000000 None 0.9846 0.12 None
KHA.H Knighthawk Inc 0.040000 11849853 None 0.3587 0.08 0.11
LEQ.H Leo Acquisitions Corp 0.085000 2921357 None 1.1237 0.11 None
PPV.H P&P Ventures Inc 0.050000 4939997 None 0.5782 0.08 -0.05
AVT Alloycorp Mining Inc 0.045000 74009171 None None 0.06 -2.12
SDV.H Sumtra Diversified Inc 0.040000 6237400 None None 0.05 None
MVM MillenMin Ventures Inc 0.050000 42100000 None None 0.06 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 investment in equity, debt or other securities as well as direct ownership stakes in projects, including the development of mineral properties mainly in the Xinjiang Region of China.

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