PIR is not done and dusted. Fekola will bring PIR back to life but instaed of having a good base to build from, PIR is starting from scratch. It is now just an explorer and no longer a producer prospect.
The company needs to update the market with something soon otherwise it may fall further but I think the drop has stopped. The volume has returned to normal indicating the sellers are out and now the company can build from the low 40's.
With anticipated quarterly and results due at the end of the month, the SP should move easily to 50c. Good results from Fekola will remind people that PIR still has a lot in the tank.
PIR Price at posting:
42.5¢ Sentiment: None Disclosure: Not Held