PLS may well be down from the last high and that's a normal...

PLS may well be down from the last high and that's a normal correction from going too high too fast. More importantly PLS keeps hitting higher lows. Last significant low was 58.5c before rising to 87c.
That's too large a straight rise in anyone's book.
While we all would have liked the share price to keep rising and rising, we also know that nothing is that good.
The litmus test is whether the share price remains above 58.5c. I believe it will.

Judging a company's valuation on short term share prices is a rough estimate. PLS may be overvalued at 80c and it may be more overvalued at $1.00 and it may be even more overvalued at $1.50. The share price doesn't know that.