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Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN.WS

Energy Financial Services
Ivanhoe Capital Acquisition Corp is a special purpose acquisition company that targets companies in the supply chain from the mine site to the end-user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology, and storage sectors. These include companies exploring for mining, processing, or refining metals necessary for electrification; and manufacturers of battery and battery components, electric grid component manufacturers, and producers of electric vehicles, parts, and battery storage.


NYSE:IVAN.WS - Post by User

Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per...
Bullboard Posts
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Post by rob2000on Sep 25, 2003 9:54am
266 Views
Post# 6457722

Why is this stock at .5 billion market cap?

Why is this stock at .5 billion market cap?I don't understand why this stock has such a huge market cap when it produces less than 1000 BOE per day. I know of companies that trade at less than 100 million market cap that produce over 5,000 BOE per day. Thats 5x more production with only 20% of IE's market cap. Unless someone can provide me with a reasonable explanation, I'd say that this company should trade under $1 per share.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities