CanXGold Mining (TSXV:CXG) Net Cash per Share : C$-0.23 (As of May. 2023)

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What is CanXGold Mining Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). CanXGold Mining's Net Cash per Share for the quarter that ended in May. 2023 was C$-0.23.

The historical rank and industry rank for CanXGold Mining's Net Cash per Share or its related term are showing as below:

TSXV:CXG's Price-to-Net-Cash is not ranked ^*
in the Metals & Mining industry.
Industry Median: 5.2
* Ranked among companies with meaningful Price-to-Net-Cash only.

CanXGold Mining Net Cash per Share Historical Data

The historical data trend for CanXGold Mining's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CanXGold Mining Net Cash per Share Chart

CanXGold Mining Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Net Cash per Share

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-0.76

-0.74

-0.36

-0.25

CanXGold Mining Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Net Cash per Share	Get a 7-Day Free Trial															-0.25	-0.26	-0.25	-0.26	-0.23

Competitive Comparison of CanXGold Mining's Net Cash per Share

For the Other Industrial Metals & Mining subindustry, CanXGold Mining's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CanXGold Mining's Price-to-Net-Cash Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CanXGold Mining's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where CanXGold Mining's Price-to-Net-Cash falls into.

CanXGold Mining Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

CanXGold Mining's Net Cash per Share for the fiscal year that ended in Nov. 2022 is calculated as

	Net Cash per Share (A: Nov. 2022 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.001	-	16.129	-	0)	/	64.6098
=	-0.25

CanXGold Mining's Net Cash per Share for the quarter that ended in May. 2023 is calculated as

	Net Cash per Share (Q: May. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.001	-	17.067	-	0)	/	75.6998
=	-0.23

CanXGold Mining (TSXV:CXG) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.

CanXGold Mining Net Cash per Share Related Terms

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CanXGold Mining (TSXV:CXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CanXGold Mining Corp (TSXV:CXG) » Definitions » Net Cash per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.goldendawnminerals.com

CanXGold Mining Corp is a Canada-based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. All the company's mineral properties are in the exploration stages.

Executives

Stefan Bender

Director

CanXGold Mining (TSXV:CXG) Headlines

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