Westgold Resources Limited (ASX:WGX) Stock Catapults 28% Though Its Price And Business Still Lag The Industry
Westgold Resources Limited (ASX:WGX) shares have had a really impressive month, gaining 28% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 51%.
Although its price has surged higher, Westgold Resources may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 4.2x, since almost half of all companies in the Metals and Mining industry in Australia have P/S ratios greater than 64.2x and even P/S higher than 305x are not unusual. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for Westgold Resources
