ZNO IMO is never going to be classified as a nano technology or biotech company. It's not investing millions in new technology to develop patents that will last for decades etc.
ZNO will be classified as a non discretionary goods or non cyclical goods IMO.
Clorox is probably the closest profile I've so far come across.
'The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors.'
Obviously CLX is a lot further down the development path & is listed in the US (where companies trade at a higher PE) currently trades on a PE of around 27. For these reasons I still believe a PE of 35 is not unreasonable at ZNO stage of development.
ZNO Price at posting:
$1.59 Sentiment: Buy Disclosure: Held
