GrowMax Resources (BOE:TSX) and Galway Gold (GLW: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 0.125000 213925645 None 0.3245 0.18 0.26
CLH Coral Gold Resources Ltd 0.345000 47438337 5.6514 0.8323 0.39 0.03
NIR Noble Iron Inc 0.350000 27417479 None 0.9301 0.35 0.42
BAT Batero Gold Corp 0.065000 115182383 None 0.3836 0.08 None
ECC Ethos Gold Corp 0.140000 47385381 None 0.9497 0.15 0.14
GLW Galway Gold Inc 0.145000 41627983 None 0.6361 0.17 None
ACE.H ACE Aviation Holdings Inc 0.185000 32475000 None None 0.35 2.19
CZQ.H Continental Precious Minerals Inc 0.455000 11706896 None 0.9414 0.48 None
EUO Eurocontrol Technics Group Inc 0.045000 90750238 None 0.3591 0.06 0.02
CUO Copper One Inc 0.100000 34190109 1.0475 0.6701 0.14 0.01
RRR.UN R&R Real Estate Investment Trust 0.085000 32394304 None 0.2626 0.20 -0.66
BZ Benz Mining Corp 0.065000 25706700 None 0.8317 0.07 0.02
CBV Cobra Venture Corp 0.090000 15903748 None 0.4466 0.13 -0.01
AB.H Asbestos Corp Ltd 0.500000 2837002 3.3023 None 0.83 -8.07
PDQ Petrodorado Energy Ltd 0.040000 23274268 None 0.6373 0.05 None
BFF Nevada Energy Metals Inc 0.195000 4689153 0.9898 0.4640 0.31 None
FP FP Newspapers Inc 0.090000 6902592 None 0.1046 0.10 -15.71
POC Pacific Iron Ore Corp 0.090000 6737858 None 0.2497 0.12 0.13
KHA.H Knighthawk Inc 0.040000 11849853 None 0.6502 0.07 0.11
PPV.H P&P Ventures Inc 0.060000 2469998 None 0.4142 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.

BOE:TSX GrowMax Resources
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp operates as a phosphate and potash mining company in Peru. It is involved in the exploration and development of phosphate and potassium-rich brine resources, and other minerals, as well as development of fertilizer projects.

GLW:TSX Galway Gold
Galway Gold has None employees and is headquartered in Canada.
Galway Gold Inc is an exploration-stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties.

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