It is doubtless a positive to see that the Excelsior Mining Corp. (TSE:MIN) share price has gained some 77% in the last three months. But spare a thought for the long term holders, who have held the stock as it bled value over the last five years. Like a ship taking on water, the share price has sunk 76% in that time. It’s true that the recent bounce could signal the company is turning over a new leaf, but we are not so sure. The real question is whether the business can leave its past behind and improve itself over the years ahead.
While the last five years has been tough for Excelsior Mining shareholders, this past week has shown signs of promise. So let’s look at the longer term fundamentals and see if they’ve been the driver of the negative returns.
See our latest analysis for Excelsior Mining
With just US$2,919,000 worth of revenue in twelve months, we don’t think the market considers Excelsior Mining to have…
