OTC:CRML.O 10 January 2026

July 4, 2026, 2:14 AM EDT. Sinda (NYSE:SIND) shares rose 0.5% this week after its US$213 million IPO, giving it a calm debut in the market. Still, the stock looks pricey on book value. Sinda trades around 68.6 times book, well above the Metals and Mining industry at 2.7x and higher than its peer average of 13.4x. Investors may be betting on big future silver production, but the company has not yet delivered on its 2031 targets. There are clear execution and funding risks. Sinda failed all 6 valuation checks and doesn't look cheap. Investors will have to decide if the stock's price matches its future goals or if Sinda is too expensive right now.