I agree with you. Lot of shorted in PDN due to their market cap. Volume was huge and it created by strong shorter activity that triggered stop losses for most of the people in the morning today. I expect these shorters will run to close their positions in the morning and this will help shares to bounce back to 60 cents level. Its good for PDN to go in TH and let shareholders to calm their emotions. Its a good buy under 60 cents as they will be producing in 9 months and Uranium spot prices are also going up.
I agree with you. Lot of shorted in PDN due to their market cap....
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 (20min delay)
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Last
$10.16 |
Change
-0.040(0.39%) |
Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |