Post by
nozzpack on Jun 10, 2021 8:17am
Price to Book as Measure of Success
Our Book value is $150 m CAD.
Our market cap is $54 m cad.
Price to book ratio is 0.36
KRR ( $4.10 market cap of $590 million ) has a book value of $212 million CAD and trades at 3.8 times book.
Production success resulting in robust cash flows assoxciated with no debt is the main driver of price to Book.
Should current management through its diversified reveniue streams succeed in bostering production and unlocking hiden value, we have the portential for major gains in market cap.
Comment by
hainholz on Jun 10, 2021 1:15pm
yes the calculation is good the share price and volume must increase