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As of June 13, 2023, the company’s current cash position stands at $135 million or $0.38 per share. Despite this, the company’s stock is still trading at a significant markdown. Based on its most recent Form 10-Q filed on March 31, 2023, the company’s book value per share was $2.08.
Since March 31, 2023, the company’s stock has declined over 95% from $3.25 per share to $0.16 per share on June 20, 2023. Despite the decline in stock price, management remains confident that the company has either achieved or is well-positioned to achieve the objectives that were previously announced.
Shares of MULN are up 20.18% in afternoon trading on Wednesday.
