beating 97% of the market

And according to this website PEN has ben for some time.

This can't be doing PEN any harm at the moment...

Only one bearish signal, keeping in mind this program uses all fundamental indicators such as earnings. Of which obviously isn't relevant just yet. One of the difficulties of valuing mining stocks prior to production.

However just have a look at the Bullish technical indicators...

source: http://www.buysellsignals.net

In part...


RELATIVE VALUATION INDICATORS - RVI - FUNDAMENTAL ANALYSIS

Bearish Signals:

The Price to Book of 6.2 higher than average of 4.5 for the Materials sector and 3.0 for the Total Australian Market.



RELATIVE VALUATION INDICATORS - RVI - TECHNICAL ANALYSIS

Bullish Signals:

The price soared 26.1% in the last week and 52.6% in the last month.

This has been propped up by robust volume of 2.9 times average for the week and 2.99 times average for the month.

Compared with the All Ordinaries index which rose 1.2% for the week, this represented a relative price increase of 24.9% for the week.

In the Australian market of 1,439 stocks and 77 units traded today, the stock has a 6-month relative strength of 97 which means it is beating 97% of the market.

A price rise combined with a high relative strength is a bullish signal.

The price to 50-day EMAP ratio is 1.5, a bullish indicator. The 50-day EMAP has increased to 9.41c. An
increase is another bullish indicator.

The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is positive suggesting a bullish signal.

Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.

The stock is trading above both its MAPs and the 50-day MAP of 9.0c is higher than the 200-day MAP of 5.16c.

In the last three months the stock has hit a new 52-week high twenty-one times, pointing to a significant
uptrend.