With a price-to-sales (or “P/S”) ratio of 2x Legacy Iron Ore Limited (ASX:LCY) may be sending very bullish signals at the moment, given that almost half of all the Metals and Mining companies in Australia have P/S ratios greater than 61.6x and even P/S higher than 421x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.

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See our latest analysis for Legacy Iron Ore

What Does Legacy Iron Ore’s Recent Performance Look Like?

With revenue growth that’s exceedingly strong of late,…