Peninsula Energy (ASX:PEN) has now completed a 40 for 1 consolidation, and today, 9th October 2015, will once again be back on the ASX boards trading as ASX:PEN, rather than the recent ASX:PENDA during the consolidation period.
Peninsula is on the cusp of uranium production from its Lance Projects in Wyoming, U.S.
The milestone event of first production is expected this month, which will be followed by a listing on the NYSE MKT exchange, which has the potential to create a positive re-rating of the stock.
Valuation
In early 2015, Proactive Investors calculated an Enterprise Value/Pound attributable to Lance and Karoo of $392.1 million, or $2.40 per share (pre-consolidation $0.06 per share target).
We believe that Karoo has potential to rival Langer Heinrich and that potential will play out over the next 3-18 months.
Lance provides the near term potential as production and further development work are underway.
News: Peninsula Energy returns to normal trading post consolidation
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |