PEN 4.55% 11.5¢ peninsula energy limited

Today was a great test of faith for PEN holders and I have to...

  1. 1,371 Posts.
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    Today was a great test of faith for PEN holders and I have to say PEN passed with flying colours. I agree with Saylor that if the SP was going to fall then today was the 2nd perfect day-the 1st being a week or so ago when markets around the world fell on the Dubai default fears. I don't quite understand the reason why the SP hasn't gained following 3 great announcements but I do know tha shareholders can see great value in holding and those few that are selling are insignificant as can be seen from the low volume. Perhaps new buyers are reluctant to enter as many keep talking about a correction and that is a valid reason not to buy. A widespread and severe downturn in the market could eventually be too much for PEN and the SP may well drop to 4 c or less however it can just as easily fly on further good news; I just can't help feeling that management are fast tracking this project given the momentum they've shown in the last 3 months
 
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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
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
PEN (ASX) Chart
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