Glencairn Gold Corporation is an AMEX listed security that has been trading in a range between $0.43 and $1.00 over the past year. With 312,601,900 shares outstanding, a recent price of $0.57 gives a total market capitalization of $171,962,314. While there are certainly larger companies, Glencairn Gold Corporation has definitely earned its place in the pack. Last year, Glencairn Gold Corporation created $-0.04 in earnings for every share outstanding.
Glencairn Gold Corporation 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, Glencairn Gold Corporation is unlikely to be an interesting value proposition.
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