Completely agree, watch out who comes onto the register soon! US markets particularly on the nasdaq view stock sub $5 as penny stocks
If you are an investment house you are mandated by price which would exclude stock trading in the penny range.
My thoughts are there will be wholesale onboarding this year and these wholesalers want to know a profitability outcome because its not easy to manouvre with minimal impact when you have a sizable holding. Therefore it is critical that PDN become profitable and soon. It would be the next chapter for them and therefore my prediction earlier of $30 within 12 to 18 months certainly could arrive with the right macro and micro conditions.
Open to debate this of course!
Completely agree, watch out who comes onto the register soon! US...
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Last
$9.73 |
Change
-0.290(2.89%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $9.90 | $9.94 | $9.70 | $39.49M | 4.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 18227 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |