What Mene Inc.’s (CVE:MENE) 34% Share Price Gain Is Not Telling You
Mene Inc. (CVE:MENE) shares have continued their recent momentum with a 34% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 77%.
After such a large jump in price, you could be forgiven for thinking Mene is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 1.8x, considering almost half the companies in Canada’s Luxury industry have P/S ratios below 1.2x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
View our latest analysis for Mene
