Spartan Delta: Stocks trading at Less Than Cash Value on TSX (SDE)
Spartan Delta is among the group of Toronto Stock Exchange companies currently trading at less than cash value. This means companies whose current share price is less than the cash per share on their balance sheet or stocks with more cash than market cap.
This report is generated monthly. It also shows the value of cash net debt per share to show how much cash per share would be left if the debt was paid off. Stocks in this category are held primarily for speculation.
Companies can have more cash per share than the actual share price for a number of reasons including that they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a price-to-earnings, or P/E, ratio greater than zero and are worth exploring in more detail.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| BBU.UN | Brookfield Bus Partners | 18.56 | 74613176 | 102.8767 | 0.6854 | 40.5 | -608.57 |
| CF | Canaccord Genuity Gr | 8 | 99381623 | 10.9811 | 0.9974 | 8.99 | -0.56 |
| SDE | Spartan Delta | 4.46 | 173200000 | 0.795 | 2.5013 | 10.46 | 9.37 |
| TSAT | Telesat | 15.13 | 13569181 | 1.9008 | 0.3172 | 111.8 | -142.76 |
| TRZ | Transat A.T. | 3.05 | 38396430 | 4.1465 | 42.0673 | 14.86 | -33.12 |
| AEZS | AEterna Zentaris | 2.1 | 4855876 | 0.2527 | 8.69 | 8.64 |
All data provided as of November 02, 2023.
More about Spartan Delta
Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. It operates and focuses its activities on Peace River Arch and Central Alberta.
Spartan Delta is listed under SDE on the Toronto Stock Exchange.
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