Coral Gold Resources (CLH:TSX) and Itasca Capital (ICL: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 0.335000 47438337 5.4876 0.8082 0.39 0.03
ICL Itasca Capital Ltd 0.570000 21810626 2.0357 0.5234 0.63 None
NIR Noble Iron Inc 0.350000 27417479 None 0.9301 0.35 0.42
XAG Xtierra Inc 0.060000 134813057 None None 0.07 -5.43
BAT Batero Gold Corp 0.070000 115182383 None 0.4189 0.08 None
GLW Galway Gold Inc 0.170000 41627979 None 0.7509 0.17 None
ECC Ethos Gold Corp 0.145000 47385381 None 0.9836 0.15 0.14
ACE.H ACE Aviation Holdings Inc 0.185000 32475000 None None 0.35 2.19
LND Inspira Financial Inc 0.130000 45841454 None 0.2736 0.15 0.15
CZQ.H Continental Precious Minerals Inc 0.455000 11706896 None 0.9414 0.48 None
COIN Malbex Resources Inc 0.275000 14654730 None 0.8383 0.34 0.46
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 0.2644 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
BFF Nevada Energy Metals Inc 0.180000 4689153 0.9137 0.4283 0.31 None
POC Pacific Iron Ore Corp 0.080000 6737858 None 0.2220 0.12 0.13
GLXY Galaxy Digital Holdings Ltd 2.440000 155567 0.8211 0.0013 1427.72 None
PPV.H P&P Ventures Inc 0.060000 2469998 None 0.4142 0.15 -0.10
AVT Alloycorp Mining Inc 0.045000 74009171 None None 0.06 -2.12
BCO.H British Controlled Oilfields Ltd 0.650000 4068563 None None 0.85 None
UC.H UC Resources Ltd 0.150000 29950364 None None 0.16 -0.01
FAU.H Fire River Gold Corp. 0.090000 3161570 None None 0.09 0.00

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.

CLH:TSX Coral Gold Resources
Coral Gold Resources has 1 employees and is headquartered in Canada.
Coral Gold Resources Ltd is a natural resource company engaged in the exploration & development of natural resource properties. Its properties are Norma Sass, Robertson Property, JDN Hilltop Crest and Eagle Claims.

ICL:TSX Itasca Capital
Itasca Capital has 4 employees and is headquartered in Canada.
Itasca Capital Ltd is an investment company. The Company’s investment objective is high return investment opportunities in the natural resource sector.

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