Karnalyte Resources (KRN:TSE) and Eagle Energy (EGL: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 6.420000 115706975 15.2857 1.2539 7.75 5.66
TRZ Transat A.T. Inc 6.900000 37436840 1.7738 0.4479 23.17 13.76
GMP GMP Capital Inc 1.830000 72721000 13.0714 0.7248 6.79 6.39
KRN Karnalyte Resources Inc 0.310000 28116000 None 0.5942 0.34 0.89
EGL Eagle Energy Inc 0.140000 44244000 None 0.0777 0.17 -0.66
ARZ.DL Aralez Pharmaceuticals Inc 0.430000 67194277 None None 0.65 -3.43
CSM ClearStream Energy Services Inc 0.015000 109941241 None None 0.03 -1.20
ZAR Zargon Oil & Gas Ltd 0.055000 30900000 None 0.1004 0.11 -1.22
FTU US Financial 15 Split Corp 0.380000 2809191 None None 0.81 None
MNT Royal Canadian Mint 16.970000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 11.360000 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.

KRN:TSE Karnalyte Resources

Karnalyte Resources has 5 employees and is headquartered in Canada.
Karnalyte Resources Inc is engaged in in the business of exploration and development of agricultural and industrial potash. The company has the business segment which is Potash and Magnesium.

EGL:TSE Eagle Energy

Eagle Energy has 30 employees and is headquartered in Canada.
Eagle Energy Inc is engaged in development and exploration of oil and gas. The geographic segments of the company are Canadian operations, United States operations, and corporate head office in Calgary to manage overall eagle activities.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.