People just need to think couple of questions before buying or selling MXC.
1. What will be the expected profit/earning of MXC in the future? Everyone can have their different opinion on this. 125k? 500k? 1 million?
2. Secondly, how many shares are on market now. Currently it's 1.2 Billions, whether more dilution will come, no one knows at this stage
3. Work out the Earnings-per-share (EPS) by dividing the expected profit by 1.2 Billions shares
4. Assume the expected profit of MXC is 500k (net income) , with current share price of 4 cent,
Therefore P/E Ratio is about 0.04/(500/1,200,000,000) ~~ 100
Correct me if I am wrong.
AIMO DYOR
Disappointed
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $13.56M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.0¢ | $11.58K | 44.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4408 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 86 | 1 |
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| Last trade - 15.59pm 06/11/2024 (20 minute delay) ? |
| RGT (ASX) Chart |