$250m, cash reserves as of June 29, 2020 should give this stock a much higher cap, much higher than .04 x 132m o/s of: $5.28M (Market Cap)
Covia's U.S. operations will also continue in the ordinary course of business serving customers. The Company's current cash reserves of approximately $250 million are expected to provide substantial liquidity to fund operations, support its long-term investment program, and manage the reorganization process.
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