GobiMin (GMN:TSX) and Noble Iron (NIR: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 0.095000 213925645 None 0.2622 0.15 0.26
DMGI DMG Blockchain Solutions Inc 0.180000 100922558 None 0.4481 0.18 0.05
GMN GobiMin Inc 0.240000 49992482 None 0.1194 0.33 0.34
FORT Fortress Blockchain Corp 0.140000 71177984 None 0.4854 0.15 None
LBY Liberty One Lithium Corp 0.110000 66628333 None 0.8210 0.12 0.06
ICL Itasca Capital Ltd 0.330000 21810626 1.0179 0.2617 0.63 None
NIR Noble Iron Inc 0.260000 27267479 None 0.7758 0.29 0.42
LND Inspira Financial Inc 0.130000 45841454 None 0.5160 0.20 0.20
ACE.H ACE Aviation Holdings Inc 0.180000 32475000 None None 0.35 2.19
GLW Galway Gold Inc 0.110000 41627979 None 0.5133 0.16 None
CZQ.H Continental Precious Minerals Inc 0.355000 11706896 None 0.8037 0.44 None
AET Aethon Minerals Corp 0.130000 27633333 None 0.2945 0.19 None
SAT Asian Television Network International Ltd 0.125000 24402914 None 0.4886 0.14 0.13
HOC Hunter Oil Corp 0.230000 13260871 None 1.0862 0.30 0.28
RRR.UN R&R Real Estate Investment Trust 0.090000 32394304 None 0.1220 0.21 -1.00
BITK BlockchainK2 Corp 0.170000 15901625 None 0.7896 0.21 0.00
ITG Intact Gold Corp 0.080000 18182651 None 0.6861 0.10 0.09
TLK Frankly Inc 0.500000 2656917 None None 1.09 -6.70
CBV Cobra Venture Corp 0.070000 15903748 None 0.3440 0.14 -0.01
VIC.P Victory Capital Corp 0.100000 5088750 None 0.8922 0.12 None
POC Pacific Iron Ore Corp 0.070000 6737858 None 0.2144 0.08 0.13
PPV.H P&P Ventures Inc 0.105000 2469998 None 0.8723 0.28 0.13
FCO Fabled Copper Corp 0.080000 1435331 None 1.1580 0.12 None
ENRG New Energy Metals Corp 0.160000 703375 None 0.0478 0.32 None
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.


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.

NIR:TSX Noble Iron

Noble Iron has 117 employees and is headquartered in Canada.
Noble Iron Inc operates in equipment rental, equipment distribution, and enterprise asset management software for the construction and industrial equipment industry. It offers construction and industrial equipment and accessories for rent and for sale.

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