OTCPK:DRLDF - Post by User
Comment by
stockfyon Feb 26, 2018 10:20am
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Post# 27620304
RE:RE:Why poor performance?
RE:RE:Why poor performance?I believe it has to do with DNA's fundamentals. DNA is debt-free with $48 million cash but it's an explorer with zero revenue, it's not a proven producer, so DNA has a lot of risk and speculation associated its business plan.
In the meantime, DNA's Price-to-Book Value is almost 2 times, so DNA is very expensive from a valuation standpoint given that it's a risky and speculative explorer. The best case scenario has been priced into DNA.
Value investors usually avoid explorers whose PBV is above 1 times. Just my two cents.