Trading at pre-pandemic levels On this day Feb 20, the start of the Covid market crash, Gatekeeper was trading at 22 cents/share. About 3 years later, we are trading at about the same level. This is likely a very good support level as the company is much stronger today than 3 years ago. Nonetheless, shareholders have spoken and this is what they believe the company is worth.
Here is something to think about. On the last financial statement before the pandemic started, Gatekeeper had a book value of $6,962,690 (dated Nov 30,2019) and a share count of 87,897,144. Fast forward to today, Gatekeeper has a book value of $12,451,401 and 91,399,395 shares outstanding. In other words, "book value per share" has grown by =~ 1.72 times from 3 years ago. However, the share price has remained flat.
From an historical point of view, the company is trading cheaper than it ever has been.
Gatekeeper is trading at a 1.65 times book value and less than 1 times price to sales ratio. If you've liked Gatekeeper in the past, you should probably like them more today!