This stock paints a picture of how scared the market is at the moment:
No. of shares= 257m
Cash on hand= $5m+
Revenue from 36 wells= app $5m per year (app 200 barrels per day without acidization and remediation of TB 1 and 2)
Market capitalisation= $25m!!! thats a Price of only 5 times earnings
really hard to understand how investors dont see the value here. there should be close to 1000 barrels a day net to pryme by the end of the year.
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