Depends on the barometer you use. Most pennies at this price range have no income yet and are trading on pure speculation of future income-20 to over 100 times book value/share(the equivalent of a PE of 20 to over 100) and often negative book. Sometimes 1000's over book value. How much is a dollar stock over book when book is negative 15 dollars/share?
CWRN is under the radar -an actual producing company w actual repeatable revenue and high profit margin.
If 5 million profit on 1st ship w 4.3 B O/S is .01744/share at PE of 15,(thats 1 and 3/4 cents/share-but that doesn't factor over another shipload(combo of 2 sizes ore)is ready to truck,and that CWRN is debt free w first ship,and very high profit margin industry,and new much larger concession possibilities/possible major investment as noted by PR's last fall as well as major investment noted in 2-28 PR.
With a second 3-18mm Kriton size shipload,pps at PE of 15 is .0348-not counting the effect of buybacks.
10 Kritons this year at 4.5 mill profit/ship and PE of 15 would be 15.7 cents/share -not counting buyback/retirement of insider shares. A 50% reduction of O/S via buyback/retirement would double these figures-to 31.4 cents by year end w these assumptions.
Stock has been severely suppressed by manipulation by etmm and special interest groups,including many special games like ce to stop market forces which had finally broken through in early Jan.
Market forces could again prevail when any one of a number of events detailed many times-like financials -occur-that could result in rapid pps increase from the current artificially depressed by etmm etc pps.
And CWRN has intimated in past PR's that they have bigger plans which will take them out of the pinksheets and its games altogether.
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