Exeter Resource Corp. is an AMEX listed security that has been trading in a range between $1.47 and $4.21 over the past year. With 38,081,010 shares outstanding, a recent price of $3.67 gives a total market capitalization of $138,995,690. While there are certainly larger companies, Exeter Resource Corp. has definitely earned its place in the pack. Last year, Exeter Resource Corp. created $-0.14 in earnings for every share outstanding.
Exeter Resource Corp. is currently priced by the market at 0.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Exeter Resource Corp. is unlikely to be an interesting value proposition.
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