RE:RE:What happens Wednesday??From a valuation perspective, compared to other similar sized companies on the TSX the follow may be applied:
Price : Sales 4 - 5 x
Price : Earnings 33x
Based on the current estimate for 2021 revenue of $40USD and gross margins of 55% with net earnings coming in at about 15% the shares could trade in this range
Price : Sales $200 - 250 CAD Million
Price : Earnings $250 CAD Million
Per share that translates to about $8.75 - $11.
My guess is that it will open around $8.
However I believe that they are going to announce some aqusitions soon and then another round of fund rrasing by selling stock. Probabaly in the $8 - $10 range. This makes a ton of sense even though it will dilute, becuase while the market is open to them they should accesss it and build up a sizable war chest for aqusitions.
My target is $20 CAD 1 year out because don't forget that a Nasdaq listing is on the offering in 2021 as well and that puts this into an entirely different relm.
2 year target price is $40 CAD and a market cap of $1 billion CAD.