As anticipated, Plurilock (PLUR:TSX.V) has received more purchase orders from the defense industry. Yesterday the company announced that it received orders from both the U.S. Department of Defense and the U.S. Department of Homeland Security.
These orders are part of the U.S. government SEWP V program and align directly with Plurilock’s goals of expanding within the government and defense verticals. With these new orders, $PLUR.V has already received orders totalling a combined figure of roughly US$853,000.
If $PLUR is able to sustain this sales volume throughout the year, not factoring in additional growth, the company would be at a relatively low 1.77 P/S ratio at its current market cap of $23.02 million.
If the company was trading at a P/S ratio of just 3, based on these speculative sales figures, it would be trading at a price of around $.55 at this moment. Plurlock’s current fully diluted market cap at current prices is also $45.25 million. All of this leads me to the conclusion that $PLUR.V is highly undervalued at the moment
Price action is showing a hammer pattern on the daily chart for $PLUR.V, leading me to expect a bounce this week.
Shares of $PLUR.V are currently trading at $.33 and the company is valued at a market cap of $22.67M.
https://ceo.ca/@newsfile/plurilocks-aurora-systems-receives-purchase-orders