Q: Peter & Co,
Nickel 28's Stock price (C$0.89) certainly does not appear to reflect the production, production growth, earnings or earnings growth of this nickel/cobalt miner.
EPS – Q3 US$0.07/share, Q1-3 US$0.19/share
P/E – 2.74x (assuming Q4 similar to Q3 and converting US$ to C$)
Debt - $79 million, down from 107.1 in Q3 2020
Cash – US$3.84 million
Product Pricing – Nickel and cobalt pricing is very strong and is projected to remain so.
I find this stock price to be very frustrating. What problem am I missing? Chinese partner? Venture Exchange? Microcap? Illiquid? Geography?
With appreciation,
Ed
Nickel 28's Stock price (C$0.89) certainly does not appear to reflect the production, production growth, earnings or earnings growth of this nickel/cobalt miner.
EPS – Q3 US$0.07/share, Q1-3 US$0.19/share
P/E – 2.74x (assuming Q4 similar to Q3 and converting US$ to C$)
Debt - $79 million, down from 107.1 in Q3 2020
Cash – US$3.84 million
Product Pricing – Nickel and cobalt pricing is very strong and is projected to remain so.
I find this stock price to be very frustrating. What problem am I missing? Chinese partner? Venture Exchange? Microcap? Illiquid? Geography?
With appreciation,
Ed