On the morning of June 3rd we suggested Network Media Group (TSXV: NTE) at $0.15 per share and said that it had 5-bagger potential. After gaining by 12.9% on June 3rd to close at $0.175 per share on record volume of 2.329 million shares, NTE gained by 5.71% to $0.185 per share on June 4th on record volume of 3.401 million shares. On June 5th, NTE gained another 5.41% to $0.195 per share on volume of 1.55 million shares.
NTE hit a high on June 5th of $0.215 per share for a three-day gain of 43.33% from our suggestion price.
Over the following seven days, NTE dipped to a June 16th low of $0.16 per share on light volume... but it has since bounced back to a current price this morning of $0.18 per share. Look for NTE to surpass its key breakout point of $0.215 per share in the days ahead.
NTE's enterprise value at $0.18 per share is only $17 million, when NTE has earned positive EBITDA over the last 12 months of $17.61 million! NTE is currently trading with an enterprise value of less than 1X EBITDA when it is one of the most rapidly growing companies in the world with a HUGE backlog of business!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.