GREY:XEBEQ - Post by User
Post by
treehillon Feb 11, 2020 8:16am
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Post# 30672709
Some thoughts on where this is going
Some thoughts on where this is goingIn the 16 days since Brian Levitt joined Xebec's board, XBC has made new highs on 10 of those days. Average daily volume has been 960,000 shares compared to 489,000 for the previous 10 days. And the stock is up 40% over that time. So we've moved to a higher level.
I am disinclined to consider it an inflection point however as we were already on a roll. I think the real inflection point regarding trading volume was at the end of October when the 50 day average daily volume was about 250,000 shares (compared to about 30,000 a year ago). It had doubled by the time Levitt joined the board.
When I compare XBC's valuation against the stratospheric valuations of Ballard and Tesla, and consider that unlike their markets (which are pretty speculative), XBC's massive market potential is rooted in and guaranteed by government legislation in multiple countries, it seems to me that the same stratospheric valuations could be possible with XBC as well. In fact such values would probably make more sense with XBC than either Ballard or Tesla.
One thing I find when raising the issue of renewable natural gas with people is that almost no one has ever heard of it. This market is still in its infancy. As recognition of the technology and potential grow, the stock price will as well. So this stock still has a long rise ahead.