I'm sure you aren't intimating that we can extrapolate from recent performance to guesstimate where this might be in a year, but I think we can rest assured that this isn't a flash in the pan.
Personally, I think this will be a strong outperformer for a very long time.
I place tremendous importance on volume.
I'm sure you've noticed I talk about it alot.
The volumes here continue to build.
The 50-day trailing volume now sits at 409,000 shares.
The 30-day average volume is 455,000 shares.
The 10-day is 710,000 shares.
Today's volume in Toronto was 997,000 shares.
Volume isn't tapering off as the stock gets more expensive and the story becomes old news, as might usually be the case.
This stock is actually GAINING momentum as it keeps banging through to new highs.
Based on what I know about the company today, and what it has and where it stands here and now, and based on my own interpretation of where we are in the market cycle in terms of the macro environment concerning interest rates and market breadth etc etc, I don't see any reason that this company couldn't trade up to a market cap of $1 billion before meeting any significant supply issues.
A one billion dollar market cap would give us a stock price around $6.50.
Right around near the old high.