Ridgestone Mining: Top 10 Undervalued Basic Materials Sector Stocks on TSX-V (RMI)
Ridgestone Mining is now ranked among the top 10 undervalued stocks in the Basic Materials sector on the TSX Venture Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below). The basic materials sector includes commodity focused companies working in mining and minerals, lumber and pulp and paper, chemicals, agriculture as well as coking coal and steel.
All data provided as-at market close October 30, 2022. The list is sorted by stocks with the greatest percentage difference between valuation and price. Ridgestone Mining Ridgestone Mining Inc is engaged in the business of mineral exploration and its objective is to locate and, if warranted, develop economic mineral properties. Ridgestone Mining is listed under RMI on the TSX Venture Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| AUC-X | Goldplay Mining | 0.02 | 0 | 0 | 0 | 0 | 0 |
| APGO-X | Apollo Silver | 0.12 | 0 | 0 | 0 | 0 | 0 |
| CXG-X | CanXGold Mining | 0.03 | 0 | 0 | 0 | 0 | 0 |
| NVT-X | Nortec Minerals | 0.01 | 0 | 0 | 0 | 0 | 0 |
| HMAN-X | Huntsman Exploration | 0.01 | 0 | 0 | 0 | 0 | 0 |
| ESX-X | Essex Minerals | 0.01 | 0 | 0 | 0 | 0 | 0 |
| GBRC-X | Gold Bull Resources | 0.06 | 0 | 0 | 0 | 0 | 0 |
| PGM-X | Pure Gold Mining | 0.01 | 0 | 0 | 0 | 0 | 0 |
| MNTR-X | Mantaro Precious Metals | 0.03 | 0 | 1.2 | 0 | 0 | 0 |
| RMI-X | Ridgestone Mining | 0.01 | 0 | 0 | 0 | 0 | 0 |
More about Ridgestone Mining
Stocks in this category are held primarily for capital appreciation.
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