Why We’re Not Concerned Yet About Gruvaktiebolaget Viscaria’s (STO:VISC) 26% Share Price Plunge
Gruvaktiebolaget Viscaria (STO:VISC) shares have had a horrible month, losing 26% after a relatively good period beforehand. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 31% share price drop.
Even after such a large drop in price, you could still be forgiven for thinking Gruvaktiebolaget Viscaria is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 4.9x, considering almost half the companies in Sweden’s Metals and Mining industry have P/S ratios below 0.8x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
We’ve discovered 2 warning signs about Gruvaktiebolaget Viscaria.
