Replies to post #30582 on MMEX Resources Corp (MMEX)

[Chyna9]

It's stock price divided by earnings.

It is not $6, it's six times earnings.

P/E ratios vary but 10-30x is fairly typical. Depends on the sector.

For example, Exxon's PE is currently 43x.

Interesting that this happened though.

I see it on e-trade and it wasn't there before.

Not exactly sure what to make of it.