ESSA Pharma (EPI:TSX) and GrowMax Resources (BOE: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
EPI ESSA Pharma Inc 3.100000 5776098 None 1.2234 3.13 1.93
BOE GrowMax Resources Corp 0.080000 213925645 None 0.2208 0.15 0.26
GMN GobiMin Inc 0.290000 49992482 None 0.1439 0.33 0.34
DMGI DMG Blockchain Solutions Inc 0.150000 100922558 None 0.3734 0.18 0.05
FORT Fortress Blockchain Corp 0.125000 71177984 None 0.4334 0.15 None
BAT Batero Gold Corp 0.065000 115182383 None 0.3890 0.08 None
NIR Noble Iron Inc 0.270000 27267479 None 0.8056 0.29 0.42
ACE.H ACE Aviation Holdings Inc 0.190000 32475000 None None 0.35 2.19
LND Inspira Financial Inc 0.110000 45841454 None 0.4453 0.19 0.19
LBY Liberty One Lithium Corp 0.070000 66628333 None 0.5224 0.12 0.06
GLW Galway Gold Inc 0.120000 41627979 None 0.5585 0.16 None
AET Aethon Minerals Corp 0.155000 27633333 None 0.3511 0.19 None
CZQ.H Continental Precious Minerals Inc 0.350000 11706896 None 0.7821 0.45 None
ICL Itasca Capital Ltd 0.170000 21810626 0.6071 0.1561 0.63 None
NOL.H Knol Resources Corp 0.060000 55696470 None 0.9684 0.06 1.43
HOC Hunter Oil Corp 0.220000 13260871 None 1.0363 0.30 0.28
RRR.UN R&R Real Estate Investment Trust 0.080000 32394304 None 0.1082 0.21 -1.00
CBV Cobra Venture Corp 0.085000 15903748 None 0.4177 0.14 -0.01
ZCC.H Zena Mining Corp 0.055000 24293604 None 0.6307 0.07 0.07
ITG Intact Gold Corp 0.060000 18182651 None 0.5105 0.10 0.10
BFF Nevada Energy Metals Inc 0.125000 5739153 1.4045 0.4680 0.22 None
FCO Fabled Copper Corp 0.085000 1435331 None 1.2303 0.12 None
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
AIMB.P.DL AIM2 Ventures Inc 0.155000 361382 None None 2.08 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.

ESSA Pharma has 15 employees and is headquartered in Canada.
ESSA Pharma Inc is a pharmaceutical company. The company is in preclinical stage, focused on the development of small molecule drugs for the treatment of castration-resistant prostate cancer.

BOE:TSX GrowMax Resources
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp operates as a phosphate and potash mining company in Peru. It is involved in the exploration and development of phosphate and potassium-rich brine resources, and other minerals, as well as development of fertilizer projects.

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