yes there is always going to be traders taking profits ! There was a good soak in the sector going on for the last 2-3 months ! Now in the last week or so a lot of the u plays have had breakouts !,, the sector has started the 2nd innings of this bull run . The signal it needed was sprott getting involved in the physical side along with the other investment funds and some miners jumping in on the action to deplete the never ending spot !
the market must be anticipating a jump in price this year and not JB deep yellow prediction of 2022-23 which was to suit his needs there was no hurry to produce and to get a cheap target !
With pen they always pull the reins in ? and not let it run on its merits ! Always shaking the tree trying to get the week hands to exit ? Pens market cap is way undervalued compared to the rest that are nowhere in the position it's in !
This type of play indicates to me that pen will climb a long way and when it's time the market will come and when it does the only problem pen holders will have is they wish they had more !!
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $326.5M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $185.2K | 1.846M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
94 | 11365633 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 7421804 | 48 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
93 | 11378504 | 0.100 |
9 | 734518 | 0.099 |
15 | 738134 | 0.098 |
11 | 1053092 | 0.097 |
12 | 2519590 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 7425365 | 48 |
0.110 | 3672352 | 39 |
0.115 | 4514665 | 30 |
0.120 | 6268185 | 56 |
0.125 | 2581067 | 23 |
Last trade - 12.56pm 09/07/2024 (20 minute delay) ? |
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PEN (ASX) Chart |