Thursday, July 28, 2016 4:54:52 PM
$2.5 million profit divided by 48 million shares = .052
What is an average P/E ratio for am OTCQB stock??? say 50
50 x .052 = $2.60 per share
Usually the P/E ratio is a lot higher on OTCQB stocks than the upper exchanges which run for example on average 16 to 20.
Can someone help me here is 50 multiple low??
Also the company is shooting for much more than the $2.5 Million yearly profit going forward!
My opinion.....
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