Argent Biopharma Ltd (MGCLF)

[BostonErin]

Yes- to get the share price take the market cap and divide it by outstanding shares.

A lot of us think the market cap for MGCLF is way undervalued based on their revenue- eventually the market cap will catch up. And if MGCLF uplists to the OTCQB the number of outstanding shares should come down because they haven’t issued all the shares they were authorized.

If your new to investing always look at market cap and try to see what the multiplier is other companies in that sector trade at

Example- Aurora last quarterly revenue was $11.7 if all 4 quarters where the same they’re annual is $46.8 million - their market cap is 3.4 bill so they are trading at 73x’s revenue. When the sector was real hot they traded at 200+ times revenue. MGCLF has a lot of deals closing in coming quarters Cannepil will bring in at least $1mil next quarter and Mascut and Derma should total near $1mil (more like $8mil if VC deal hits)

That’s my thinking as to why MGCLF is so undervalued.

Welcome to the board, you are now a MGCLF Amigo