Unlikely-Bite

CO2 Gro Inc. Breaks Year Long Trend Line Bullish

Long
TSXV:GROW   CO2 GRO INC
Ascending triangle formed over January and February, bear trap with bull break on the 25th. Short term price target 0.35-0. 40 . Close above 0.30 signals new uptrend, as support is building above trendline formed since January 2018, lots of catalysts up coming make this a good entry point on a very bullish chart.

Fundamental analysis leads to price target of 0.83 going into 2020 with predicted revenue run rate of 10mil/year.
2019 Revenue: 10,000,000
70% Margin: 7,000,000
Overhead: -1,000,000
Op inc: 6,000,000
30% tax: -1,800,000
Net inc: 4,200,000
Shs diluted: 76,111,860
Eps: $0.055
P/e: 15
Shs value: $0.83




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