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4 Canadian Stocks With More Cash Than Market Cap

Published 08/12/2016, 02:55 AM
Updated 07/09/2023, 06:31 AM

Neovasc Inc. (NASDAQ:NVCN) – $0.75, Advanced Medical Equipment & Technology

Neovasc is a specialty medical device company that develops, manufactures and markets products for the cardiovascular marketplace. The Company’s segment is the development, manufacture and marketing of medical devices. Its products include the Tiara technology in development for the transcatheter treatment of mitral valve disease, the Neovasc Reducer for the treatment of refractory angina, and tissue products.

  • Market Cap: 50,149,759
  • Revenues: 12,640,969
  • Operating Income: -43,466,021
  • Cash: 60,992,908

Neovasc Inc.

Itasca Capital Ltd. (V:ICL) – $0.52, Diversified Mining

Itasca Capital, formerly Kobex Capital Corp, is a Canada-based company that focuses on resource-based strategic investment or business combination. The Company focuses on direct or indirect investment in the natural resource investment sector. The Company was focused on mineral exploration and development industry. The Company has no operations. The Company has not generated any revenue.

  • Market Cap: 215,285,203.21
  • Revenues: 0
  • Operating Income: – 3,789,670
  • Cash: 31,099,270

Itasca Capital Ltd.

Western Potash Corp. (TO:WPX) – $0.15, Agricultural Chemicals

Western Potash Corp. is a Canada-based development-stage potash company that is engaged in the business of the acquisition, exploration and development of potash mineral properties. It owns or holds, directly or indirectly, interests in Milestone Project, a potash property. Its Milestone Project is located in southern Saskatchewan, approximately 35 kilometers southeast of Regina.

  • Market Cap: 114,570,744.63
  • Revenues: 0
  • Operating Income: – 4,386,020
  • Cash: 78,520,500

Western Potash Corp.

Westernzagros Resources Ltd. (V:WZR) – $0.10, Oil & Gas Exploration and Production

WesternZagros Resources Ltd. is a Canada-based international oil and gas company focused on acquiring properties and exploring for, developing and producing crude oil and natural gas in the Kurdistan Region of Iraq. The Company, through its subsidiaries, holds working interest in each of the Garmian production sharing contract (PSC) and the Kurdamir PSC. The Garmian Block includes the Sarqala discovery containing an estimated of approximately 10 million barrels of proved plus probable (2P) oil reserves and unrisked P50 prospective oil resources of over 60 million barrels (both Gross Block).

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  • Market Cap: 51,194,480
  • Revenues: 20,562,494
  • Operating Income: – 294,691,771
  • Cash: 56,410,052

WesternZagros Resources Ltd.

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