As I've said some people need a lesson on market cap and the way a share price is determined...can't believe what I read sometimes.
As forthe pie in the sky estimates for PRR, I think the DNDN share price is a useful guide. Currently the DNDN market cap is about 5 times that of PRR. There is no way that you can value PRR anywhere equal to DNDN at this point. So if we get a strong surge here as a result of Nasdaq, then I say this stock is a sell anywhere between the 45-60 cent mark. I can't see it going any higher as this just wouldn't make sense. It's too bad that DNDN has crashed in past year..or else there would be much greater upside for PRR.
smart people accumulating, page-34
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $432.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 29.0¢ | $324.2K | 1.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 96270 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 370733 | 27 |
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| Last trade - 11.20am 11/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |