Good point alluded to Trees, what is PALA thinking? Clearly they are unlikely to have exited as we would have seen this by now.
If I can observe that, with 200million PEN shares traded yesterday and nearly 80million today, you are looking at a huge divestment from the speculators (and the weak willed for mine), but still we see high 7c as the price. Sure, it has migrated back from 12c last week but I would have thought that if there was a real lack of confidence, the price would be back at 2c with no buyers - but it isn't. It is stil at the price it was around Christmas time, just three months ago.
There is a reason for that - confidence, exhibited by the fact that someone (or two) has bought 280million shares is the past 24 hours. I don't see anything to worry about.
Good point alluded to Trees, what is PALA thinking? Clearly they...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $489.0K | 4.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 111 | 12879379 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2235299 | 23 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |