Think $40 is conservative, PEN has already been over $30 this year, and assume you guys are factoring only modest gains in the uranium price.
However, I expect uranium will rise sharply again in 2022 and while I'm not into forecasting an SP for PEN:
1. SP will correlate to the price of uranium
2. And SP % increase will outpace uranium price % increase.
I like this this graph of PEN and market darling BOE, which shows the lock step as well as the catch-up due once the technicals are sorted.
M&A, page-18
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8.0¢ |
Change
0.002(2.56%) |
Mkt cap ! $254.9M | |||
| Open | High | Low | Value | Volume |
| 8.1¢ | 8.2¢ | 7.9¢ | $904.8K | 11.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 547650 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 261157 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| PEN (ASX) Chart |