PEN 4.17% 12.5¢ peninsula energy limited

Agree, I think there’s still a lot of value left in PEN,...

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    Agree, I think there’s still a lot of value left in PEN, especially when you look at the market caps of explorers/developers who are still many many years from making money

    PEN market cap is $209M
    AGE market cap is $159M.. just started exploring and they’re a decade out from making money?!
    BMN $289M
    DYL $311M
    BOE $501M
    PDN $2.2B etc

    Depending on which time frame period you look at, you may see PEN has underperformed some other U stocks

    There’s various reasons for this., eg. cost of building a processing plant is $100M, costs from transitioning from an explorer/developer to a producer, capital raise to clear debt, CR to buy physical uranium (smart business move though IMO), doubts about low pH, etc

    Those factors have previously held PEN back, but I think it’s fair to say all that is now behind PEN, whereas other explorers/developers have all that to look forward toNow

    PEN isn’t perfect, and we’re still working on improving the chemistry, but we can finally say low pH works!

    Looking forward to the completion of the field trials.

    Looking forward to when we can sign new supply contracts and guaranteeing more revenue.

    I think the future looks bright for PEN and uranium, and hopefully PEN can do some “catching up” in SP gains when compared to some of the other stocks who have already run harder!
 
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Last
12.5¢
Change
0.005(4.17%)
Mkt cap ! $263.8M
Open High Low Value Volume
12.0¢ 12.5¢ 11.8¢ $5.942M 47.90M

Buyers (Bids)

No. Vol. Price($)
1 10000 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 1305045 20
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
12.0¢
  Change
0.005 ( 0.50 %)
Open High Low Volume
12.0¢ 12.3¢ 11.8¢ 9344465
Last updated 16.00pm 29/03/2024 ?
PEN (ASX) Chart
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