Market Cap determines a company's value not share price. I think the company could have a billion dollar plus value with several large contracts, on going revenue, etc.- putting share price over $2.00 per.
Force Protection is a good example of a company at the right place/time who saw their share price go from $0.10 (before 15 to 1 split) to $30.00 per share in a short time. It now trades at $360 million market cap and $5.50 per share.
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