PentaNova Energy (PNO:TSX) and Noble Iron (NIR: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
BOE GrowMax Resources Corp 0.105000 213925645 None 0.2763 0.18 0.26
CLH Coral Gold Resources Ltd 0.385000 47315337 4.3889 0.8495 0.40 0.03
PNO PentaNova Energy Corp 0.065000 242201602 5.4443 0.1997 0.08 0.02
BAT Batero Gold Corp 0.075000 115182383 None 0.4426 0.09 None
NIR Noble Iron Inc 0.250000 27417479 None 0.6390 0.43 0.42
ACE.H ACE Aviation Holdings Inc 0.200000 32475000 None None 0.35 2.19
CXA.H Consolidated HCI Holdings Corp 0.245000 20575866 8.1667 0.8487 0.32 0.38
CUO Copper One Inc 0.125000 34190109 1.5556 0.9105 0.14 0.01
CZQ.H Continental Precious Minerals Inc 0.380000 11706896 63.4249 0.7863 0.48 None
FRK Front Range Resources Ltd 0.055000 54855063 0.1154 0.3054 0.06 None
RRR.UN R&R Real Estate Investment Trust 0.090000 32394304 None 0.3270 0.19 -0.67
RB.H Russell Breweries Inc 0.025000 87083788 None 0.8579 0.04 0.02
CBV Cobra Venture Corp 0.110000 15903748 None 0.5192 0.14 -0.01
RUN Running Fox Resource Corp 0.025000 54770548 None 0.9602 0.03 0.01
POC Pacific Iron Ore Corp 0.115000 6737858 None 0.3077 0.14 0.13
NTN.H Newton Energy Corp 0.250000 1361046 None 1.9893 0.30 0.42
FP FP Newspapers Inc 0.095000 6902592 None 0.1081 0.11 -15.71
KHA.H Knighthawk Inc 0.050000 11849853 None 0.7765 0.08 0.11
PPV.H P&P Ventures Inc 0.040000 4939997 None 0.5316 0.08 -0.05
YSC.H Yongsheng Capital Inc 0.035000 5150000 7.2886 0.9354 0.04 None
TVR.H Tri-River Ventures Inc 0.035000 26695431 None None 0.04 0.09
SDV.H Sumtra Diversified Inc 0.040000 6237400 None None 0.04 None
AVT Alloycorp Mining Inc 0.045000 74009171 None None 0.06 -2.12
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.

PNO:TSX PentaNova Energy
PentaNova Energy has 27 employees and is headquartered in Canada.
PentaNova Energy Corp is a Canada-based hydrocarbon oil and gas exploration and development company. It holds a variety of diversified portfolio of unexploited assets in Colombia and Argentina.

NIR:TSX Noble Iron
Noble Iron has 117 employees and is headquartered in Canada.
Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. It offers construction and industrial equipment and accessories for rent and for sale.

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