I honestly don't know how much longer they can keep a lid on this. Closed at 3.7 on 3 transactions.
Has the last couple of days been our low volume testing?
More indicators showing oversold, plus 3 or 4 reasonable announcements due in short course (Lance & Karoo, financing & SML progression).
The specter of a capital raising is the only short term doubt/concern & can't believe it can suppress the price. Although looking at the bid/ask looking a little thinner than usual.
I bought yet more today.
M
when pen need to raise capital, page-17
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |