Bottom is Out, Solid Opportunity is InOf course, everyone likes to buy right at the bottom, but no one ever quite knows when that bottom is. When guessing bottoms usually one ends upside down for a while having attempted to catch a falling knife. If they do happen guess that absolute bottom, congrats to them.
A wiser investor in my opinion waits out the bottom followed by a solid loop upward.
This is what has happened here with a bottom occuring in the mid 20 cent range and now up from that point roughly 50%. Now is a prudent time in my view to purchase as many shares as possible. No one has missed out on any opportunity, but will feel as such when this quickly returns to $1.50.
Let us remember his was a $3.00 stock just a very short time ago followed by a media driven panic and subsequent deep market overeaction; as well as a macho war between Russia and Saudi Arabia which will subside in the near term as both sides are experiencing huge daily losses in revenue.
Book value according to Marketbeat is $5.98 as share:
https://www.marketbeat.com/stocks/TSE/NVA/
At the end of the day, this is what a company is about: Assets less liabilities. Valuation is sitting at .07(7%) of book value. Think about that. All the rest is about fear, panic, and ignorance in the markets. Best to All.