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05/09/24
17:31
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Originally posted by Pore:
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Why has the price of PEN fallen from over 14 cents in January 2024 to just over 7 cents this week. Is there a reason to worry when considering PEN. This is a fall in halves or nearly in halves. Is the company bigger or have the shareholders of PEN lost half of their money when the nuclear uranium has gone high this year.
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Originally posted by tutes:
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All uranium stocks have taken a hit.. it's not PEN specific Just a quick look at YTD figures: BOE -36% PEN -27% BMN -26% LOT - 26% PDN -12% DYL -10% I've only listed the bigger cap stocks, uranium juniors have fallen much further This volatility is normal. Understand the uranium thesis (too long to explain here) and where PEN will be in six months (producing uranium), and it's probably a good time to buy Don't understand the uranium thesis and you'll probably be shaken out
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Paladin lost 50% from top