Batero Gold (BAT:TSX) and Ethos Gold (ECC: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
GLXY Galaxy Digital Holdings Ltd 2.500000 61125313 0.8428 0.5291 3.63 None
BOE GrowMax Resources Corp 0.135000 213925645 None 0.3505 0.18 0.26
CLH Coral Gold Resources Ltd 0.350000 47438337 5.7333 0.8444 0.39 0.03
ICL Itasca Capital Ltd 0.500000 21810626 1.7857 0.4591 0.63 None
NIR Noble Iron Inc 0.350000 27417479 None 0.9301 0.35 0.42
BAT Batero Gold Corp 0.065000 115182383 None 0.3890 0.08 None
GLW Galway Gold Inc 0.170000 41627979 None 0.7523 0.17 None
ECC Ethos Gold Corp 0.140000 47385381 None 0.9497 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 0.410000 11706896 None 0.8483 0.48 None
COIN Malbex Resources Inc 0.265000 14654730 None 0.8078 0.34 0.46
CUO Copper One Inc 0.105000 34190109 1.0999 0.7036 0.14 0.01
NOL.H Knol Resources Corp 0.060000 55696469 None 0.9373 0.07 1.43
RRR.UN R&R Real Estate Investment Trust 0.085000 31804795 None 0.2600 0.20 -0.67
ZCC.H Zena Mining Corp 0.070000 24293604 None 0.7974 0.07 0.07
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 0.170000 4689153 0.8629 0.4045 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 0.2326 0.10 0.13
FORT Fortress Blockchain Corp 0.160000 1899999 None 0.5553 0.25 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
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.

BAT:TSX Batero Gold
Batero Gold has 82 employees and is headquartered in Canada.
Batero Gold Corp is engaged in the process of exploring and evaluating its exploration and evaluation assets. It focuses on the exploration and development of Batero-Quinchia Project.

ECC:TSX Ethos Gold
Ethos Gold has None employees and is headquartered in Canada.
Ethos Gold Corp is a Canada-based exploration stage company. It is principally engaged in the identification, exploration, and development of economically viable mineral properties.

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