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Now PEN is trading a 1 cents.( after taking 1 for 50 consolidation in mind)
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Looking at the Money PEN needs for next phase development before they ever turn cash flow positive (which is few years away from now) it should continue to slide towards 30 to 40 cents.
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PEN needs another capital raising. Cant fund development else "Pala" will become largest shareholder.
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http://asic.gov.au/about-asic/media...e-chairman-of-olea-australis-limited-charged/
.. Now PEN is trading a 1 cents.( after taking 1 for 50...
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 (20min delay)
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Last
10.0¢ |
Change
0.002(2.04%) |
Mkt cap ! $318.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.3¢ | 9.9¢ | $1.244M | 12.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 116476 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 10388430 | 59 |
View Market Depth
| Last trade - 11.32am 11/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |