For sure two, though interestingly, having lots of shares traded, is not all bad, as it can eventually lead to PNR meeting requirements to get pushed up into the ASX index's (too soon right now, but.... if...if PNR start hitting their stride with Scotia, then I am very interested to see what happens when PNRs market cap breaches the $1b AUD mark). Certain ETFs might have to start positioning (they may already be doing so).
If your interested, you can look at the list of stocks currently held in the index - GDX info Not sure when the next rebalance is (likely end of the year), but PNR could well be a possible inclusion.
I suppose I don't overly mind anyway, as I don't trade or sell my PNR shares at all, but... it will be interesting to see if I get this right.
A good quarter and some solid drill results over the next few months will hopefully... see PNR start to move past the current share price malaise.
PNR Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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