Mar. 21 at 2:22 AM
$RENX The main catalyst for a potential squeeze is the upcoming Q1 earnings report, currently expected on March 31, 2026.
Investors are specifically watching for confirmation that the newly delivered Microtec milling equipment is operational, which management claims will finally move the company toward cash-flow positivity.
As of today, the stock is trading around
$0.14, which is a massive 72% discount compared to its reported book value of
$0.51 per share.
If the company shows it can generate real revenue from this new hardware without further diluting shareholders, that valuation gap and the high short interest could force a rapid price correction.
If the stock were to move from its current price of 0.14 to its reported book value of 0.51, it would represent a gain of approximately 264 percent.
