Hi NS
The spot price is relevant from the point of view that it impacts the long term price indicator and therefore prices PDN are able to acheive. A higher spot over time will translate into higher contract prices and vice versa.
PDN is simply 100% leveraged to the price it receives for its Uranium, and while that price is low (average of $55/lb over the last financial year) they are unable to generate a Operating surplus. This and the cash burn it creates has a negative effect of PDN's SP, and makes another raising somewhat likely IMO.
I agree with your point regarding bots being active in PDN's trades but they are now active all over the market. I just feel it is wrong to blame bots for all of PDN's SP woes.
I wish you and the other PDN regulars all the best. I continue to follow out of interest.
- Forums
- ASX - By Stock
- PDN
- 12 month price history
12 month price history, page-13
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
|
|||||
Last
$10.04 |
Change
-0.085(0.84%) |
Mkt cap ! $2.985B |
Open | High | Low | Value | Volume |
$10.05 | $10.12 | $9.94 | $4.193M | 413.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 427 | $10.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.04 | 5301 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 3660 | 10.020 |
16 | 5114 | 10.010 |
16 | 7733 | 10.000 |
10 | 8965 | 9.990 |
8 | 11656 | 9.980 |
Price($) | Vol. | No. |
---|---|---|
10.040 | 6192 | 23 |
10.050 | 5826 | 16 |
10.060 | 7189 | 17 |
10.070 | 6460 | 9 |
10.080 | 4803 | 4 |
Last trade - 12.25pm 08/08/2024 (20 minute delay) ? |
Featured News
NEWS
Is oil undervalued?
PDN (ASX) Chart |