GobiMin (GMN:TSX) and Xtierra (XAG: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 0.130000 213925645 None 0.3375 0.18 0.26
CLH Coral Gold Resources Ltd 0.375000 47438337 6.1428 0.9047 0.39 0.03
GMN GobiMin Inc 0.335000 50005482 None 0.1607 0.36 0.34
NIR Noble Iron Inc 0.300000 27417479 None 0.7972 0.35 0.42
XAG Xtierra Inc 0.060000 134813057 None None 0.07 -5.43
BAT Batero Gold Corp 0.065000 115182383 None 0.3836 0.08 None
ACE.H ACE Aviation Holdings Inc 0.185000 32475000 None None 0.35 2.19
CZQ.H Continental Precious Minerals Inc 0.410000 11706896 63.4249 0.8483 0.48 None
CUO Copper One Inc 0.130000 34190109 1.3617 0.8711 0.14 0.01
COIN Malbex Resources Inc 0.285000 14654730 None 0.8688 0.34 0.46
EUO Eurocontrol Technics Group Inc 0.045000 90750238 None 0.3591 0.06 0.02
NOL.H Knol Resources Corp 0.060000 55696469 None 0.9373 0.07 1.43
RRR.UN R&R Real Estate Investment Trust 0.090000 32394304 None 0.2783 0.20 -0.66
CBV Cobra Venture Corp 0.090000 15903748 None 0.4354 0.14 -0.01
AB.H Asbestos Corp Ltd 0.500000 2837002 3.3023 None 0.83 -8.07
BFF Nevada Energy Metals Inc 0.180000 4689153 0.9137 0.4283 0.31 None
FP FP Newspapers Inc 0.090000 6902592 None 0.1046 0.10 -15.71
POC Pacific Iron Ore Corp 0.080000 6737858 None 0.2220 0.12 0.13
KHA.H Knighthawk Inc 0.040000 11849853 None 0.6502 0.07 0.11
PPV.H P&P Ventures Inc 0.080000 2469998 None 0.5523 0.15 -0.10
FAU.H Fire River Gold Corp. 0.090000 3161570 None None 0.09 0.00
UC.H UC Resources Ltd 0.150000 29950364 None None 0.16 -0.01
BCO.H British Controlled Oilfields Ltd 0.650000 4068563 None None 0.85 None
AVT Alloycorp Mining Inc 0.045000 74009171 None None 0.06 -2.12
SDV.H Sumtra Diversified Inc 0.040000 6237400 None None 0.04 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.


GobiMin has None employees and is headquartered in Canada.
GobiMin Inc together with its subsidiaries is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of the People’s Republic of China.

XAG:TSX Xtierra

Xtierra has None employees and is headquartered in Canada.
Xtierra Inc is a mineral exploration and development company, focused on the development of precious and base metal projects in the State of Zacatecas, Mexico. The company holds interest in La Laguna Project and Bilbao Projects.

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