GAMMON LAKE RERESOURCES INC is an AMEX listed security that has been trading in a range between $9.41 and $18.88 over the past year. With 116,617,700 shares outstanding, a recent price of $12.36 gives a total market capitalization of $1,413,406,511. While there are certainly larger companies, GAMMON LAKE RERESOURCES INC has definitely earned its place in the pack. Last year, GAMMON LAKE RERESOURCES INC created $-0.31 in earnings for every share outstanding.
GAMMON LAKE RERESOURCES INC 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, GAMMON LAKE RERESOURCES INC is unlikely to be an interesting value proposition.
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