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3 Canadian Microcaps Trading Below Their Cash Value

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Reading time: 4 min.

The Canadian microcaps we’ve discovered have large cash balances and little debt, making these companies attractive takeover targets

SmallCapPower | February 21, 2019: Companies that trade below their cash value with little debt could be prime takeover targets by potential acquirers or are generally undervalued due to varying market conditions. Today we have identified three Canadian microcaps that have more cash than their current market cap.

*Share prices as at close February 19, 2019, data obtained from S&P Capital IQ

Quinsam Capital Corporation (CSE:QCA) – $0.26
Investment Banking and Brokerage

Quinsam Capital Corporation is a merchant bank in Canada that focuses on cannabis-related investments. The merchant banking business includes acquisitions, advisory services, portfolio investments, and lending activities. On January 28, the Company announced its 18th consecutive quarterly dividend of $0.00125 per share.

  • Market Cap: $31.6 Million
  • Cash and Equivalents: $45.8 Million
  • 1-Month Return: +4.0%

 

GobiMin Inc. (TSXV:GMN) – $0.25
Diversified Metals and Mining

GobiMin invests in equity, debt, or other securities mainly in the Xinjiang Uygur Autonomous Region of China. The Company operates through two segments: Investment Business and Mining Business. It also is involved in the exploration and development of gold and mineral properties and is based in Toronto, Canada.

  • Market Cap: $12.5 million
  • Cash and Equivalents: $18.4 million
  • 1-Month Return: +0.0%

GrowMax Resources Corp. (TSXV:GRO) – $0.08
Fertilizers and Agricultural Chemicals

GrowMax Resources is a Canada-based fertilizer company that engages in the exploration and development of phosphate and potassium-rich brine resources. Its flagship Bayovar property is the main foundation of its operations and growth strategy, located in the Sechura Desert of Peru. On November 22, 2018, the Company released its Q3/18 results.

  • Market Cap: $18.2 million
  • Cash and Equivalents: $32.5 million
  • 1-Month Return: -11.1%

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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