Down bigtime here yesterday, and down again overnight in Canada - by over 8%...! Looks like opening up here down another 5%.
This is plainly ridiculous - Canada and the ASX seem to be following each other - neither one knowing which one is leading the other. So it self-perpetuates. THis works when the price is going up to some extent, as well, but the price always seems to go down faster and harder.
There is absolutely NO fundamental reason why PDN should be this cheap, and getting cheaper. I know ALL resources and energy stocks got hit again overnight, but PDN is a producer, for crying out loud, not just a little upstart explorer/hopeful!
When we see BHP knocked down to 36 bucks, which it is right now, then we know the logic has flown out the window.
I'm personally looking forward to November/December, when I see the market turning back up - at least the resources and energy sectors, plus gold and silver.
In the meantime, I continue to hold all my PDN shares safely tucked away :)
getting hammered from all sides for no reason
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Last
$13.01 |
Change
-0.160(1.21%) |
Mkt cap ! $3.889B | |||
| Open | High | Low | Value | Volume |
| $13.10 | $13.15 | $12.94 | $22.67M | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2527 | $13.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.02 | 2319 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |