PEN is lagging so much behind its peers even though it is probably the closest to production. The 7.5c placement and subsequent options at 10c strike is going to be a large drag. Obviously one positive is they get $40 m if all options are exercised.
But it’s a catch 22. I don’t see the SP breaking out of this malaise for a while yet. Seen to be stuck in the 10-12 c range with random shots to 14c. Large glut of offers between 12-17c. If it happens to break out of 17c then maybe a chance to run. It’s in the draw until back Half of this year.
End of year share price prediction, page-81
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Last
8.7¢ |
Change
-0.001(1.14%) |
Mkt cap ! $277.2M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 9.0¢ | 8.6¢ | $438.0K | 5.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 149999 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 225314 | 4 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |