Orca Energy Group: Stocks trading at Less Than Cash Value on TSX-V (ORC-B)
Orca Energy Group is among the group of TSX Venture 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 |
|---|---|---|---|---|---|---|---|
| ORC.B | Orca Energy Group | 3.96 | 19769509 | 13.1332 | 0.6477 | 4.75 | 2.7 |
| DEX | Almadex Minerals | 0.215 | 61007944 | 11.5 | 0.5014 | 0.26 | |
| IGP | Imperial Ginseng Prods | 1.6 | 7652547 | 8.8889 | 0.8624 | 1.72 | 1.72 |
| RRR.UN | R&R REIT | 0.145 | 39957947 | 2.4044 | 0.2164 | 0.3 | -1.2 |
| DTEA | DAVIDsTEA | 0.2 | 26872678 | 0.1421 | 0.6 | 0.2 | |
| LVX | Leviathan Gold | 0.125 | 19944764 | 2.8108 | 0.9703 | 0.16 | 0 |
All data provided as of June 28, 2024.
More about Orca Energy Group
Orca Energy Group Inc produces and sells natural gas to the power and industrial sectors in Tanzania. The company delivers gas to TPDC through a long-term gas sales agreement to the TPDC-operated National Natural Gas Infrastructure on Songo Songo Island where the natural gas is processed before being transported to Dar es Salaam for power and industrial use.
Orca Energy Group is listed under ORC-B on the TSX Venture Exchange.
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