The share price is all about how many shares are on offer to support the companies Market Cap.
CAN has a MC of $239.8 million, AC8 has a MC of $114.14 million and ZLD has an MC of $50.6 million.
For ZLD to have the same MC as CAN its share price would need to be circa $0.27. The CAN sp at the moment is $1.69 by comparisome. ZLD has more shares available than CAN.
To have the same MC as AC8 it would need a share price circa $0.13. The AC8 sp is $0.36 by comparisome. ZLD has more shares available than AC8.
Remember if some revenue targets are hit, more shares hit the market and will dilute these prices. Also remember that as revenue targets are hit, the MC should be moving north.
So on face value, and all dependent on trial/revenue announcements, any purchase below $0.135 should present the opportunity for a multi bagger in the near term (6 to 12 months).
All in my opinion, using cafine and redwine as catalysts. Obviously you need to do your research.
ZLD Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
