Stornoway Diamond (SWY:TSE) and Karnalyte Resources (KRN: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 5.070000 114857175 14.9118 0.9192 8.10 6.28
TRZ Transat A.T. Inc 11.560000 37605151 48.5000 0.7869 16.50 13.70
NMX Nemaska Lithium Inc 0.280000 847584338 None 0.4073 0.31 -0.37
GMP GMP Capital Inc 2.020000 72721000 14.5000 0.9728 7.08 6.59
S Sherritt International Corp 0.185000 397281686 None 0.0699 0.40 -1.38
SWY Stornoway Diamond Corp 0.030000 924411023 None 0.1151 0.03 -0.32
TRIL Trillium Therapeutics Inc 0.580000 26288831 None 3.9277 1.54 0.46
NRI Nuvo Pharmaceuticals Inc 0.750000 11388000 None 0.6761 1.45 -9.37
KRN Karnalyte Resources Inc 0.185000 42174000 None 0.5797 0.22 0.60
XCT exactEarth Ltd 0.260000 21626288 None 0.6147 0.67 0.20
EGL Eagle Energy Inc 0.060000 44244000 None 0.0384 0.08 -0.84
NKO.DL Niko Resources Ltd 0.015000 94049967 None None 0.05 -2.15
FTU US Financial 15 Split Corp 0.440000 1902494 None None 1.19 None
MNS Royal Canadian Mint 11.330000 4000 None None 23651.75 11260.75
MNT Royal Canadian Mint 18.280000 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.

SWY:TSE Stornoway Diamond

http://www.stornowaydiamonds.com
Stornoway Diamond has 487 employees and is headquartered in Canada.
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada.

KRN:TSE Karnalyte Resources

http://www.karnalyte.com
Karnalyte Resources has 6 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.

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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.