3DX Industries Inc (DDDX)

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So here we have a "penny stock" with earnings potential, conservative estimate, of .12 cents per share annually that is currently trading at 12 cents a share.
Wonder what direction this is going?
I know we're not in the stock market boom bubble years of 2000 or so, but isn't a decent guesstimate for a stock price at least 10 times the annual earnings per share amount, or $1.20 (a buck-twenty)?