Couple of people worrying because the share price is only up 200% since 1 Jan, instead of 300% as it was a few weeks ago when it hit 6 cents.
TWO HUNDRED PERCENT gains in 9 months is pretty good and reflects a company that has made a lot of progress towards profitability. Just look at the chart and you'll see this is now the third time PEN has rallied and fallen back. Each time previously it's gone on to rally again to new highs. Each time previously, volume has been relatively low before the next leg up.
Will history repeat? The only question you need to ask yourself is: has the story changed for the better or for the worse?
dt
has the story changed?
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $636.6K | 6.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 7208572 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3276728 | 20 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |