Banro Corp (BAA)
Banro Corp is on the move and has been moving up for some time now. It keeps having large daily gains as shown below. No real news that I can find as to why except it may well be a takeover target. Year high was .062 CAD.
Banro Corp is on the move and has been moving up for some time now. It keeps having large daily gains as shown below. No real news that I can find as to why except it may well be a takeover target. Year high was .062 CAD.
I bought this one very close to the lows. The only way is up. Hopefully.
Yes good results announced today here: https://seekingalpha.com/pr/16787906-banro-announces-year-end-2016-financial-results
I believe it all depends on the balance sheet as company has VERY high debt levels (3.5 times market cap.), but if gold goes up, shares can go up strongly
Yes debt is high as this article comments from earlier in the year. https://seekingalpha.com/article/3976153-banro-corp-s-future-looks-gloomy
We need a higher gold price.
at least $1500 gold I believe, and not to forget the company already sold forward part of production at current gold price!