GobiMin (GMN:TSX) and Batero Gold (BAT: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
BOE GrowMax Resources Corp 0.080000 213925645 None 0.2208 0.15 0.26
GMN GobiMin Inc 0.300000 49992482 None 0.1480 0.33 0.34
DMGI DMG Blockchain Solutions Inc 0.140000 100922558 None 0.3485 0.18 0.05
FORT Fortress Blockchain Corp 0.140000 71177984 None 0.4854 0.15 None
BAT Batero Gold Corp 0.070000 115182383 None 0.4272 0.08 None
NIR Noble Iron Inc 0.270000 27267479 None 0.8056 0.29 0.42
ACE.H ACE Aviation Holdings Inc 0.180000 32475000 None None 0.35 2.19
LBY Liberty One Lithium Corp 0.075000 66628333 None 0.5598 0.12 0.06
LND Inspira Financial Inc 0.105000 45841454 None 0.4251 0.19 0.19
GLW Galway Gold Inc 0.110000 41627979 None 0.5089 0.16 None
CZQ.H Continental Precious Minerals Inc 0.345000 11706896 None 0.7710 0.45 None
ICL Itasca Capital Ltd 0.185000 21810626 0.6607 0.1699 0.63 None
AET Aethon Minerals Corp 0.130000 27633333 None 0.2945 0.19 None
NOL.H Knol Resources Corp 0.060000 55696470 None 0.9684 0.06 1.43
TLK Frankly Inc 1.010000 2656917 None None 1.09 -6.70
RRR.UN R&R Real Estate Investment Trust 0.080000 32394304 None 0.1076 0.21 -1.00
HOC Hunter Oil Corp 0.185000 13260871 None 0.8663 0.30 0.28
CBV Cobra Venture Corp 0.085000 15903748 None 0.4177 0.14 -0.01
ITG Intact Gold Corp 0.070000 18182651 None 0.5956 0.10 0.10
BFF Nevada Energy Metals Inc 0.100000 5739153 1.1236 0.4680 0.22 None
POC Pacific Iron Ore Corp 0.065000 6737858 None 0.1991 0.08 0.13
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.


GobiMin has None employees and is headquartered in Canada.
GobiMin Inc together with its subsidiaries is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of the People’s Republic of China.

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.

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