A Piece Of The Puzzle Missing From Gold By Gold SA’s (EPA:ALGLD) 34% Share Price Climb
Those holding Gold By Gold SA (EPA:ALGLD) shares would be relieved that the share price has rebounded 34% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. The last 30 days bring the annual gain to a very sharp 79%.
Although its price has surged higher, there still wouldn’t be many who think Gold By Gold’s price-to-sales (or “P/S”) ratio of 0.7x is worth a mention when the median P/S in France’s Trade Distributors industry is similar at about 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
