This chart wouldn't look like these without seasonal cash raises by equity dilution.
In covid crash as I remember, market cap was 18m US$ and now is 63m US$ and share price is below covid lows.
Buying at those levels mean you are buying on past shareholders corpses which were constantly diluted.
I hope I have helped.
Insiders are still holding I don't see any big moves (I know they are delayed). Wayne have 600k $ in PEN's shares.
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
Day chart unavailable