I think you might find that the market has already taken into account the expected reduction in Hemp price. Companies are normally valued at something like 7x revenue. If the market was pricing in the high end expected revenues, it would have a market cap of something like $280 million.
There might be a bit of a pull back if the price of hemp crashes, but once we sell our stock (even if at a really low price), the market is likely to return to a fairer valuation. I still stand by my sentiment that the price of CLI shares will probably be higher in six months time.
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Last
4.0¢ |
Change
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Mkt cap ! $3.419M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 4.0¢ | $15 | 371 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 674318 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 674318 | 0.040 |
1 | 39473 | 0.038 |
1 | 42856 | 0.037 |
1 | 400000 | 0.035 |
2 | 133267 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 25000 | 1 |
0.042 | 25000 | 1 |
0.044 | 11961 | 1 |
0.045 | 37526 | 2 |
0.049 | 6424 | 1 |
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