There Is A Reason Legacy Iron Ore Limited’s (ASX:LCY) Price Is Undemanding
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.
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,…
