Despite the fundamentals and macro outlook, PMT is sold off on general profit taking. If ASX follows TSX then the close of C$13.20 equates to $1.41 which as mentioned is still a very good return for any seller who bought in the last few weeks. Question is how far it will fall, if at all? Couple of gaps in the chart suggests still some downside.
1- Has market factored in further resource drilling? Would more 100m at 1.5 excite the buyers?
2- Do retail holders have the patience to hold for 6-7 years while all permits, financing, general market wobbles, infrastructure build and mine build, weather etc
Long way to go until any cash rolls in. Maybe money is moving to near term producers… and there are a few to choose from.
Despite the fundamentals and macro outlook, PMT is sold off on...
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Last
79.5¢ |
Change
0.040(5.30%) |
Mkt cap ! $465.9M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 79.5¢ | 76.5¢ | $2.486M | 3.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6242 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 36313 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
79.0¢ |
Change
0.040 ( 4.08 %) |
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| Open | High | Low | Volume | ||
| 78.0¢ | 79.5¢ | 76.5¢ | 635300 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PMT (ASX) Chart |