I think Pen is currently fairly valued by the market. THe company is positioned as a near term producer and as such needs to start getting cake in the can. Pen has had too many missteps, too many excuses and too much dilution.
Can the market cap double from here, sure - if mgmt can execute, can the soi double from here as well? One is likely and one I have my doubts about.
I’m here to make money and this is the only U stock I hold that ain’t making me money. Often times winners keep winning and losers keep losing.
Anyway good luck to the longs (of which I am one). Perhaps Pen will surprise me and be the turn around that terns.
I think Pen is currently fairly valued by the market. THe...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $320.1M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $6.778M | 61.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3181074 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3082091 | 29 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
11.3¢ |
Change
0.005 ( 2.74 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.5¢ | 10.8¢ | 5746091 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| PEN (ASX) Chart |