NORTHERN ORION RESOURCES INC is an AMEX listed security that has been trading in a range between $3.28 and $6.10 over the past year. With 154,009,500 shares outstanding, a recent price of $5.91 gives a total market capitalization of $924,057,000. While there are certainly larger companies, NORTHERN ORION RESOURCES INC has definitely earned its place in the pack. Last year, NORTHERN ORION RESOURCES INC created $0.42 in earnings for every share outstanding.
NORTHERN ORION RESOURCES INC is currently priced by the market at 14.40 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, NORTHERN ORION RESOURCES INC could be an interesting value proposition.
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