Enterprise value (market cap - cash in the bank) just dropped under $1B.
Crazy. This, for a company generating simple cash flow ( oz production * (spot price - AISC)) of $300 million/year.
My assumption is that sellers see the fantastic opportunity offered by general equities, during the upcoming global Covid recovery. Great. How does that make low P/E companies, with solid businesses, sells?
Patience is going to be rewarded. Heck, at these numbers RMS could buy back their stock in under four years.
Enterprise value (market cap - cash in the bank) just dropped...
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Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |