Batero Gold (BAT:TSX) and ACE Aviation Holdings (ACE.H: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
CLH Coral Gold Resources Ltd 0.375000 48598537 20.2812 0.8051 0.38 0.03
BOE GrowMax Resources Corp 0.085000 213925645 None 0.2346 0.15 0.26
DMGI DMG Blockchain Solutions Inc 0.180000 100922558 None 0.4481 0.18 0.05
GMN GobiMin Inc 0.250000 49992482 None 0.1250 0.33 0.34
FORT Fortress Blockchain Corp 0.120000 71177984 None 0.4160 0.15 None
BAT Batero Gold Corp 0.060000 115182383 None 0.3698 0.08 None
ACE.H ACE Aviation Holdings Inc 0.180000 32475000 None None 0.35 2.19
LND Inspira Financial Inc 0.120000 45841454 None 0.4763 0.20 0.20
ICL Itasca Capital Ltd 0.225000 21810626 0.8036 0.2066 0.63 None
GLW Galway Gold Inc 0.115000 41627979 None 0.5394 0.16 None
AET Aethon Minerals Corp 0.160000 27633333 None 0.3624 0.19 None
CZQ.H Continental Precious Minerals Inc 0.355000 11706896 None 0.7933 0.44 None
RRR.UN R&R Real Estate Investment Trust 0.120000 32394304 None 0.1636 0.21 -1.00
NOL.H Knol Resources Corp 0.060000 55696470 None 0.9684 0.06 1.43
HOC Hunter Oil Corp 0.200000 13260871 None 0.9496 0.30 0.28
ITG Intact Gold Corp 0.080000 18182651 None 0.6806 0.10 0.10
ZCC.H Zena Mining Corp 0.055000 24293604 None 0.6307 0.07 0.07
CBV Cobra Venture Corp 0.080000 15903748 None 0.3931 0.14 -0.01
BFF Nevada Energy Metals Inc 0.115000 10459153 1.2921 None 0.12 None
TLK Frankly Inc 0.390000 2656917 None None 1.09 -6.70
VIC.P Victory Capital Corp 0.100000 5088750 None 0.8437 0.12 None
POC Pacific Iron Ore Corp 0.075000 6737858 None 0.2297 0.08 0.13
FCO Fabled Copper Corp 0.065000 1435331 None 0.9408 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

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.

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.

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.

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