Rhyolite Resources: Top 10 Undervalued Basic Materials Sector Stocks on TSX-V (RYE)
Rhyolite Resources 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 February 16, 2023. The list is sorted by stocks with the greatest percentage difference between valuation and price. Rhyolite Resources Rhyolite Resources Ltd engages in the acquisition and exploration of mineral properties. It focuses on gold and other assets of Paxson Gold project in Alaska, United States. Rhyolite Resources is listed under RYE on the TSX Venture Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| AAU-X | Angold Resources | 0.02 | 0 | 0 | 0 | 0 | 0 |
| RYE-X | Rhyolite Resources | 0.09 | 0 | 0 | 0 | 0 | 0 |
| NRN-X | Northern Shield Resources | 0.05 | 0 | 0 | 0 | 0 | 0 |
| CRTS-X | Cortus Metals | 0.01 | 0 | 0 | 0 | 0 | 0 |
| ESX-X | Essex Minerals | 0.01 | 0 | 0 | 0 | 0 | 0 |
| NOCR-X | Norden Crown Metals | 0.01 | 0 | 0 | 0 | 0 | 0 |
| BGS-X | Baroyeca Gold & Silver | 0.04 | 0 | 0 | 0 | 0 | 0 |
| NOC-X | Norseman Silver | 0.11 | 0 | 0 | 0 | 0 | 0 |
| JDN-X | Jayden Resources | 0.13 | 0 | 0 | 0 | 0 | 0 |
| OPW-X | Opawica Explorations | 0.01 | 0 | 0 | 0 | 0 | 0 |
More about Rhyolite Resources
Stocks in this category are held primarily for capital appreciation.
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