Your revenues and EPS are declining. Thus making your company a bad investment. The market is also down in this time period. So folks are selling off. It'll also get worse as your revenues continue to decline and the war progresses.

Your book value is $80M, So your current market cap is not too far off your book value. Stocks do not automatically trade off Book Value. Your PE, EPS growth, and Revenue growths are much more important. Investments are for the future, not for the current.

And here is a nice chart of the Dow in this time period: https://leduc998.files.wordpress.com/2008/05/graph1910-1919.gif

So you took a hit do to the global markets, then your decline in revenues/eps pulled it down more as the future outlook looks bleak.

In real life, in such cases, you move the money to safety investments like gold. However, since the dollar was pegged to gold at the time, I can't show you a chart of the gains gold made against the dollar. I can only show it against other values such as the Dow, or Wheat, or Copper... etc.

Ah that makes complete sense, thanks!

Yeah, a while back stock prices were changed to be more heavily based on revenue growth and PE values. SO keep an eye on them. Your book value (Which cash on hand is a part of) acts as more of a minimum now. You shouldn't be able to fall much more than you have.

If you're going for the $100M cap achievement, try to keep revenues up during the war, and be sure to position your self well to get post war revenues and drive that share price up!