GREAT BASIN GOLD is an AMEX listed security that has been trading in a range between $1.25 and $3.07 over the past year. With 179,757,300 shares outstanding, a recent price of $2.95 gives a total market capitalization of $533,879,186. While there are certainly larger companies, GREAT BASIN GOLD has definitely earned its place in the pack. Last year, GREAT BASIN GOLD created $-0.12 in earnings for every share outstanding.
GREAT BASIN GOLD 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, GREAT BASIN GOLD is unlikely to be an interesting value proposition.
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