CV Sciences Inc (CVSI): Because it can't justify higher market c...

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Det_Robert_Thorne

Re: katano post# 4572

Friday, 04/10/2015 12:28:15 PM

Friday, April 10, 2015 12:28:15 PM

Because it can't justify higher market cap

The reason CANV is trading in this range right now is because at $3, the market cap would be about $105M, which is too high for the revenues and profits expected in 2015.

Then, when it gets to $2.30, people think they're getting a bargain.

Also, when the trading volume is low enough, it's fairly easy for smaller algorithmic traders to move the price over a range.

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