Possible reason for weakness in share price:
In PUN's last quarterly report they spent $836,000 on exploration which left them with $1.38m (There were few other small costs such as administration ect).
So if we take roughly the same amount of spend for this quarter it will leave the company with $544k or there abouts.
Summary: PUN look to have only enough money for this quarter and the next. Capital raising in my view would be end of this quarter.
Would love to hear your thoughts?
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $5.732M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $3.136K | 241.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 416666 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 358997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 416666 | 0.012 |
1 | 206950 | 0.011 |
4 | 450000 | 0.010 |
1 | 120000 | 0.008 |
1 | 714285 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 358997 | 1 |
0.017 | 395938 | 3 |
0.018 | 282500 | 2 |
0.019 | 78950 | 1 |
0.020 | 27027 | 1 |
Last trade - 14.08pm 06/09/2024 (20 minute delay) ? |
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