GGG has usually hovered 20-50% above book value prior to this stage of its development for quite a few years now. I would have expect an increase to that (40-70% or 10-13 cents) given where its at now and I cant help but feel it a fair sp base to be considered given its historical performance.
We have a BV of 6.7 cents now. So we are at 20% BELOW BV.
Id be more inclined to suggest between 7-10 cents would be a fairer range given its late stage of development to cut it in the middle as this far under BV is odd for the sp..
I think the market is still going through a phase of adjusting to a turn around after the ill effects of Global X getting out. We are perhaps just seeing bounces off a solid floor.
Time will tell I guess.
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Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $32.30M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.1¢ | $12.12K | 559.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 138413 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 34711 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 138413 | 0.022 |
2 | 463076 | 0.021 |
5 | 2933955 | 0.020 |
1 | 526315 | 0.019 |
4 | 2125000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 34711 | 1 |
0.026 | 19177 | 2 |
0.028 | 72708 | 2 |
0.030 | 59000 | 3 |
0.031 | 23491 | 1 |
Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
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