A Piece Of The Puzzle Missing From Crown Point Energy Inc.’s (CVE:CWV) 75% Share Price Climb
Those holding Crown Point Energy Inc. (CVE:CWV) shares would be relieved that the share price has rebounded 75% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. The annual gain comes to 155% following the latest surge, making investors sit up and take notice.
Although its price has surged higher, Crown Point Energy may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.2x, considering almost half of all companies in the Oil and Gas industry in Canada have P/S ratios greater than 2.1x and even P/S higher than 5x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis…
