Market Value 2010-2012 compared to 2021AVL traded from 2 to 10 (rounded figures) dollars from 2010 to 2012. This trading for the most part was short lived for a few years before becoming a penny stock. AVL became a member of the TMX composite index at that time and was around 95 million shares. To make the index there are stingent requirements and main reason a holder today.
Hence roughly 4 ttimes the outstanding today in comparison.
In very simple terms although alot of extra work was performed to amass 4 projects avl based on shares outstanding would be valued from .50 to maximum of 2.50.
I like AVL simply because there was lots of money raised when on the TMX composite and advanced their projects. This would not of occured elsewise in my opinion or to the extent.
With all that said, 50 cents is a high possibility for acheivement but would need somthing spectacular for this to get to the high range of 2.50. The shares outstanding of around 350 million plus is to huge and would need to be an active mine project with revenue for this into the 1$ plus range.