EXK now has a lower P/E than AG (First Majestic Silver)! And AG is a stellar silver miner. Once the price of silver regains some upward momentum then EXK will be vaulting higher by leaps and bounds. As far as the price of silver goes....I can hold my breath! Not worried. Time is on our side.
There is only one reason that makes sense to me, for EXK (silver and others miners as well) to stay held down this long. When the big money takes advantage of the beat downs, they can't simply jump in and buy all the shares they want at once. They have to buy in fractions each day. They are simply accumulating at these prices, and have been for some time. Eventually, they will have their fill and they will let it reverse back toward $10-$12. Staying down here this long also ensures that the weak hands are gone and only the strong remain, so nothing stands in the way of it's eventual climb to the top.