ACE Aviation Holdings (ACE.H: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
GLXY Galaxy Digital Holdings Ltd 2.100000 61125313 0.7133 0.4478 3.63 None
BOE GrowMax Resources Corp 0.090000 213925645 None 0.2316 0.17 0.26
ICL Itasca Capital Ltd 0.490000 21810626 1.7500 0.4500 0.63 None
BAT Batero Gold Corp 0.060000 115182383 None 0.3590 0.08 None
ACE.H ACE Aviation Holdings Inc 0.185000 32475000 None None 0.35 2.19
LND Inspira Financial Inc 0.130000 45841454 None 0.5472 0.15 0.15
GLW Galway Gold Inc 0.130000 41627979 None 0.6006 0.17 None
CUO Copper One Inc 0.140000 34190109 1.4000 0.9586 0.14 0.01
CZQ.H Continental Precious Minerals Inc 0.330000 11706896 None 0.7341 0.45 None
CXA.H Consolidated HCI Holdings Corp 0.125000 20575866 None 0.4438 0.27 0.38
RRR.UN R&R Real Estate Investment Trust 0.080000 31804795 None 0.1871 0.29 -0.41
ITG Intact Gold Corp 0.105000 18182651 0.1067 0.8830 0.11 None
AIMB.P AIM2 Ventures Inc 0.155000 361382 None None 2.08 None
CBV Cobra Venture Corp 0.090000 15903748 None 0.4466 0.13 -0.01
ZCC.H Zena Mining Corp 0.050000 24293604 None 0.5696 0.07 0.07
BFF Nevada Energy Metals Inc 0.195000 4689153 0.9898 0.4640 0.31 None
GCCC GCC Global Capital Corp 0.045000 12527200 None 0.2864 0.06 None
POC Pacific Iron Ore Corp 0.070000 6737858 None 0.2035 0.10 0.13
IVC Interconnect Ventures Corp 0.040000 9711901 None 0.6297 0.06 None
PPV.H P&P Ventures Inc 0.055000 2469998 None 0.4038 0.14 -0.10
FCO Fabled Copper Corp 0.040000 1435331 None 0.5790 0.12 None
AVT Alloycorp Mining Inc 0.045000 74009171 None None 0.06 -2.12
FAU.H Fire River Gold Corp. 0.090000 3161570 None None 0.10 0.00
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

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.

ACE.H:TSX ACE Aviation Holdings
ACE Aviation Holdings has 1 employees and is headquartered in Canada.
ACE Aviation Holdings Inc is an investment company that helds aviation interests.

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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