GMP Capital (GMP:TSE) and Mandalay Resources (MND:TSE) 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 TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
CF Canaccord Genuity Group Inc 6.720000 115706975 16.0000 1.3125 7.75 5.66
TRZ Transat A.T. Inc 6.880000 37436840 1.7686 0.4466 23.17 13.76
GMP GMP Capital Inc 1.980000 72721000 14.1429 0.7842 6.79 6.39
MND Mandalay Resources Corp 0.055000 451595877 None 0.1485 0.06 -0.08
EGL Eagle Energy Inc 0.155000 44244000 None 0.0861 0.17 -0.66
KRN Karnalyte Resources Inc 0.230000 28116000 None 0.4409 0.34 0.89
CSM ClearStream Energy Services Inc 0.020000 109941241 None None 0.03 -1.20
ARZ.DL Aralez Pharmaceuticals Inc 0.430000 67194277 None None 0.65 -3.43
FTU US Financial 15 Split Corp 0.360000 2809191 None None 0.81 None
MNT Royal Canadian Mint 17.020000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 11.210000 4000 None None 23651.75 11260.75

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.

GMP Capital has 300 employees and is headquartered in Canada.
GMP Capital Inc is an investment dealer located in Canada. It provides diversified financial services such as investment banking, institutional sales, trading and research services to corporate clients and institutional investors.

MND:TSE Mandalay Resources
Mandalay Resources has 468 employees and is headquartered in Canada.
Mandalay Resources Corp is a mining company producing gold, silver, and antimony. It has mining properties at Australia, Chile, Sweden and exploration projects in Chile and Canada.

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