5 Lithium Stocks Trading at a Discount to Their Peers

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The Canadian lithium stocks on our list have low price to book ratios

SmallCapPower | June 15, 2017: The lithium-ion battery is a commonly used battery in the electric car industry. The battery is most notably used by Tesla to power their fleet of electric cars. With countries around the world reducing carbon emissions and many car companies making moves towards electric vehicles, the demand for lithium is expected to surge. Today we have identified five lithium stocks that produce, or hope to product, lithium and are trading below industry average price to book multiples.

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Avalon Advanced Materials Inc. (TSX: AVL) – $0.15
Non-Gold Precious Metals & Minerals

Avalon Advanced Materials Inc, formerly Avalon Rare Metals Inc, is a Canada-based exploration and development company that holds a diverse metals and minerals property portfolio of lithium, tantalum, zirconium, rubidium, cesium, indium, gallium, germanium, rare earths and tin. The New Brunswick Tin Exploration Project includes Miramichi Tin Property, New Brunswick and Mount Douglas Tin-Tungsten Property, New Brunswick. The Mount Douglas Tin-Tungsten Property consists of approximately 20 claim units north of Saint George in southern New Brunswick. The Separation Rapids project is located in northwestern Ontario, over 50 kilometer due north of Kenora. The Company has interest in five mining leases covering the Nechalacho rare earth elements deposit (Nechalacho Deposit) located at Thor Lake in the Mackenzie Mining District of the Northwest Territories.

  • Market Cap: $28,226,879
  • Total Revenue (LTM): $35,160
  • Debt to Equity: 0.0%
  • Price to Book: 0.24x

Globex Mining Enterprises Inc. (TSX: GMX) – $0.53
Diversified Mining

Globex Mining Enterprises Inc. is a Canada-based exploration development company. It has a mineral portfolio of over 130 early to mid-stage exploration, development and royalty properties, which contain base metals (copper, nickel, zinc and lead), precious metals (gold, silver, platinum and palladium), specialty metals and minerals (manganese, titanium oxide, iron, molybdenum, uranium, lithium, as well as rare earths and associated elements) and industrial minerals (mica, silica, salt, as well as talc and magnesite). Its properties in Quebec include Beauchastel-Rouyn, Carpentier, Dalhousie, Joutel Mine, Montalembert, Rich Lake, Pandora-Wood & Central Cadillac, Nordeau East-West, Montalembert and Lyndhurst, among others.

  • Market Cap: $25,976,734
  • Total Revenue (LTM): $1,356,990
  • Debt to Equity: N/A
  • Price to Book: 1.56x

Macarthur Minerals Ltd. (TSXV: MMS) – $0.08
Iron & Steel

Macarthur Minerals Limited is an exploration-stage company that is focused on identifying and developing lithium projects and counter cyclical investments. It holds Western Australian iron ore projects. It holds lithium acreage on Sulphur Springs and Whim Creek covering a total area of over 1,680 square kilometers in the Pilbara Craton, Ravensthorpe and the Edah regions of the Yilgarn Craton of Western Australia. It holds Yalgoo Lithium Project, located in Western Australia. It has two iron ore projects in Western Australia: the Ularring hematite project, including hematite iron ore and the Moonshine magnetite project, including magnetite iron ore. The Iron Ore Projects are located over 170 kilometers northwest of Kalgoorlie in Western Australia.

  • Market Cap: $10,979,572
  • Total Revenue (LTM): $0.00
  • Debt to Equity: 0.0%
  • Price to Book: 1.57x

Enforcer Gold Corp. (TSXV: VEIN) – $0.21
Non-Gold Precious Metals & Minerals

Enforcer Gold Corp, formerly Natan Resources Ltd, is a Canada-based company, which is engaged in mineral exploration in northern Quebec. The Company’s projects include The Montalembert Gold Property and The Duval Lithium Project. The Company holds 100% interest in the Montalembert Gold Property, which is located north of Val d’Or. The Company’s Montalembert Gold Property is located within the northeast area of the Superior Province, Abitibi Sub-province. The Company’s Montalembert Gold Property covers an area of over 7,290 hectares.

  • Market Cap: $11,763,528
  • Total Revenue (LTM): $0.00
  • Debt to Equity: NA
  • Price to Book: 1.79x

Ultra Lithium Inc. (TSXV: ULI) – $0.17
Diversified Mining

Ultra Lithium Inc. is a Canada-based exploration-stage company engaged in the acquisition, exploration and evaluation of exploration and evaluation assets. The Company operates in Canada, the United States and Serbia. The Company, through its subsidiary, Ultra Balkans D.O.O. Beograd, holds mineral exploration licenses (ELs) for mineral prospects in the Republic of Serbia. The Company owns approximately 300 claims in the South Big Smokey Valley area, Esmeralda County, Nevada.

  • Market Cap: $10,613,438
  • Total Revenue (LTM): $0.00
  • Debt to Equity: 0.0%
  • Price to Book: 2.98x

Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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