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GEVO Stock: A Healthy Cash Balance Does Not Justify Gevo's Price

May 12, 2021 Gevo (NASDAQ: GEVO), the Colorado-based renewable jet fuel producer, has $530.6 million in cash, but its market cap is now about $1.048 billion. This means cash is now 50% of its market value or $2.66 per share. Wait for GEVO stock to drop closer to the cash per share, despite the value of its much-touted patents. Source: Oleksiy Mark / Shutterstock.com On page 20 of the company’s March presentation GEVO indicates that, after its recent cash raises, there was $530....
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